Concept of Finance

Finance deals with fund management. Finance prepares plans and implements necessary activities about what amount of fund should be collected from which sources and where & how this fund is to be invested for highest profit in the project. In case of a business firm, fund flows in the business from selling of products. Different types of fund are needed to produce and buy goods for the business, like- purchasing machinery, purchasing raw materials, paying wages to the labours, etc. These are the utilization of fund. Funds need to be collected in...

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Commercial Banks

Students, by studying this chapter, will be familiar with various commercial banks which play vital roles in the current world-economy. They will know about major and distinct aims and functions of commercial banks, their role in building the society, support in import and export, transfer of funds and development of agriculture and industry. Commercial Banks After we have studied this chapter, we will know about     *Objectives...

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Business Management Organizations

There is a correlation between the development of management and the evolution of the civilization. Initially, management was stipulated to family and group based. The concept of management spread over all spheres of life with the progression of civilization. The concept of management got huge popularity from the business operating method of the businessmen. Generally, Management is the process of making others to do necessary jobs to achieve a certain...

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Village Fair

The following paragraph on “Village Fair” (Example – 1) A village fair is usually a temporary gathering under a big banyan tree or on the bank of a river. It is held once or twice a year and lasts for a day or two or may be extended up to a week. Children go to the fair in a group wearing colorful dresses. They move hither and thither, feel charmed with colorful things, buy toys and whistles, flute, puppet shows and circus shows. People gather there for selling and buying commodities and for amusement. It provides circus and puppet show, music...

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Social Networking Service

The following paragraph on “Social Networking Service” A social networking service is actually an online service. There are a good number of social networking services such as Facebook, Twitter, LinkdIn, Youtube, Hi5, Skyrock, Friendster, Orkut, Skype etc. All kinds of social network services are web-based. Nowadays, these social networks are expanding so fast because most of the social network services are cost free. A user can make the use of them free, paying a very little to the internet service provider. He or she can make a personal profile...

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Renewable Energy

The following paragraph on “Renewable Energy” The energy sources have always been a major actor of change throughout history. Now the countries of the world rely heavily on petroleum, coal and natural gas for their energy sources. There are two types of energy sources such as renewable and non-renewable. Hydro-carbon of fossil fuels is non-renewable sources of energy. Reliance on them creates real big problems. First, fossil fuels such as oil, coal, gas etc. are finite energy sources and the world eventually will run out of them. Secondly they...

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Information Technology

The following paragraph on “Information Technology” Modern science has blessed us with many wonderful inventions which have made life easy and comfortable. Information technology plays a great role in the globalized world which comprises television, radio, computer, wireless, e-mail, tax, the internet etc. Television and important invention of information technology can send message from one corner of the world to another with the help of electric waves.  Radio or wireless, another wonderful gift of modern science can transmit information in...

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