IEcoS (Economic Services) Indian Economics Money and Banking-Organisation of India's Money Market Study Material (Page 1 of 2)

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Concept of Money Supply

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Concept of Money Supply

  • The financial system refers to the system of borrowing and lending of funds.
  • The funds are used and supplied by individual, instructions, companies and the government.

The financial system can be classified into

  1. Agricultural finance: Finds required for industry and trade.
  2. Agriculture finance: Funds required for the conduct of agriculture and allied activity.
  3. Development fin…

… (546 more words) …

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Commercial Banking: Functions of Commercial Banks, Banking System, Types of Commercial Banks,

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Commercial bank is an institution which accepts cheque able deposit from the public and in turn advance loans for the purpose of investment.

Functions of Commercial Banks

  • The commercial bank accepts deposits. Deposits are of three forms: saving account, current account and fixed deposits.
  • Deposits in the saving …

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