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What is Banking?
A bank is a financial institution authorised to receive deposits and make loans. Banks may also give financial services, such as currency exchange, wealth management, and safe deposit boxes. There are two types of banks. Namely, commercial/retail banks and investment banks.
A bank is a financial institution authorised to receive deposits and make loans. Banks may also give financial services, such as currency exchange, wealth management, and safe deposit boxes. There are two types of banks. Namely, commercial/retail banks and investment banks.
See lessMention the name of two companies that offer DTH services in India.
Tata Sky and Airtel are the two companies that offer DTH services in India.
Tata Sky and Airtel are the two companies that offer DTH services in India.
See lessWhat is Insurance?
Insurance is a contract, embodied by policy, in which an individual or entity receives financial security or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.
Insurance is a contract, embodied by policy, in which an individual or entity receives financial security or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.
See lessMention the 5 I’s of services?
Inconsistency, Inventory, Intangibility, Involvement and Inseparability
Inconsistency, Inventory, Intangibility, Involvement and Inseparability
See lessWhat is a departmental undertaking?
Departmental undertaking is a form of organisation in the public sector where a public enterprise is allowed to function as a full-fledged division. It is maintained, organised and financed by the government. For e.g. India Posts functions as a department within the Ministry of Communication.
Departmental undertaking is a form of organisation in the public sector where a public enterprise is allowed to function as a full-fledged division. It is maintained, organised and financed by the government. For e.g. India Posts functions as a department within the Ministry of Communication.
See lessWhat is a Joint venture?
A joint venture is a business arrangement in which two or more persons give their consent to pooling their resources for the purpose of completing a particular task. This task can either be a new project or any other business pursuit. In a joint venture (JV), each of the participants is accountableRead more
A joint venture is a business arrangement in which two or more persons give their consent to pooling their resources for the purpose of completing a particular task. This task can either be a new project or any other business pursuit. In a joint venture (JV), each of the participants is accountable for profits, losses and costs related to it.
See lessWhat are the features of an MNC?
Product innovation Foreign collaboration Advanced technology Huge capital resources
Product innovation
See lessForeign collaboration
Advanced technology
Huge capital resources
Provide 2 features of a public-private partnership.
The private sector’s role in the partnership is to make maximum use of its skills in managing tasks, innovation and operations to run the business effectively. The public partners in a public-private partnership (PPP) are the government organisations, i.e., municipalities, government departments, miRead more
The private sector’s role in the partnership is to make maximum use of its skills in managing tasks, innovation and operations to run the business effectively.
See lessThe public partners in a public-private partnership (PPP) are the government organisations, i.e., municipalities, government departments, ministries or state-owned enterprises. The private partners can be either local or international and include businesses or investors with financial or technical skills that are relevant to the project.
What are the objectives of a public sector enterprise?
To accomplish rapid economic enhancement through industrial growth To prevent the development of monopoly and concentration of the economic power in the private hands
To accomplish rapid economic enhancement through industrial growth
See lessTo prevent the development of monopoly and concentration of the economic power in the private hands
What is a partner by estoppel?
A legally obligatory partnership that might result where, in fact, no formal partnership agreement is in force. A person who by rule or words serves or permits him/herself to be represented, as a partner in an enterprise is responsible for the credit or loans acquired by the enterprise on the basisRead more
A legally obligatory partnership that might result where, in fact, no formal partnership agreement is in force. A person who by rule or words serves or permits him/herself to be represented, as a partner in an enterprise is responsible for the credit or loans acquired by the enterprise on the basis of such representation, which is also known as the presumption of partnership.
See less