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The current account is an important indicator of an economy's speed. It is defined as the sum of the balance of trade (goods and services exports minus imports), net income from abroad, and net current transfers. A positive current account balance indicates the nation is a net lender to the rest of the world, while a negative current account ...
Statutory liquidity ratio. In India, the Statutory liquidity ratio (SLR) is the Government term for the reserve requirement that commercial banks are required to maintain in the form of cash, gold reserves, Govt. bonds and other Reserve Bank of India (RBI)- approved securities before providing credit to the customers.
English grammar is the set of structural rules of the English language.This includes the structure of words, phrases, clauses, sentences, and whole texts.. This article describes a generalized, present-day Standard English – forms of speech and writing used in public discourse, including broadcasting, education, entertainment, government, and news, over a range of registers, from formal to ...
A recurring deposit is a special kind of term deposit in India that is offered by Indian banks and India Post which helps people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. [ 1 ][ 2 ] It's similar to making fixed deposits of a certain ...
Wren & Martin refers to a single book High School English Grammar and Composition or collectively, a series of English grammar textbooks written jointly by P. C. Wren and H. Martin. [1] Written primarily for the children of British officers residing in India, these books were widely adopted by Indian and Pakistani schools in the post-colonial ...
Financial literacy is the possession of skills, knowledge, and behaviors that allow an individual to make informed decisions regarding money. Financial literacy, financial education and financial knowledge are used interchangeably. [ 1 ] Financially unsophisticated individuals cannot plan financially because of their poor financial knowledge.
CASA ratio stands for current and savings account ratio. CASA ratio of a bank is the ratio of deposits in current, and saving accounts to total deposits. A higher CASA ratio indicates a lower cost of funds, because banks do not usually give any interests on current account deposits and the interest on saving accounts is usually very low 3–4%. [1]
The English modal auxiliary verbs are a subset of the English auxiliary verbs used mostly to express modality, properties such as possibility and obligation. [a] They can most easily be distinguished from other verbs by their defectiveness (they do not have participles or plain forms [b]) and by their lack of the ending ‑(e)s for the third-person singular.