Benefits of Trade Liberalization

By | April 17, 2017

The Major benefits of trade liberalization during a foreign trade for a country are: Liberalization gets a country’s markets enlarged and increased sales opportunities for its manufacturers and suppliers. Trade liberalization creates employment opportunities for many workers. It also makes consumers happy as they can now purchase things at lower prices due to healthy competition and have wider choices in products. The most… Read More »

Foreign Exchange Quotations

By | March 14, 2017

The foreign exchange quotations, meaning the way relative prices or rates are quoted fo trade between players in the foreign exchange markets. Foreign exchange quotations can be three types, they are: Direct Quotation Indirect Quotation and Cross rates Direct quotation: Direct quotation is the price of one unit of a foreign currency quoted in terms of the home country’s currency.… Read More »

What are the Objectives and Functions of International Monetary Fund (IMF)?

By | March 2, 2017

Objectives of International Monetary Fund (IMF): The first Article of the Fund’s charter laid down six objectives for the International Monetary Fund. These are: To promote international cooperation by providing the machinery for consultation and collaboration by members on international monetary issues. To facilitate the balanced growth of international trade and through this, contribute to high levels of… Read More »

Factors Affecting Balance of Payments

By | February 28, 2017

The balance of payments can be affected two accounts: Current Account Capital Account 1. Factors Affecting the Current Account: A country’s current account balance can significantly change its national economy. Therefore, it is important to identify the factors that influence current account. The most important factors affecting current account are: Inflation National Income Government Restructures Exchange Rates. Above factors… Read More »

Liner and Tramp Shipping

By | February 4, 2017

The Bulk Cargo requires shipping services in which large quantity of one type of cargo can be carried at low per unit cost. These services are provided by carriers known as Tramps. Quite naturally, there are different types of tramp ships to carry different kinds of bulk cargo. On the other hand, carriers which provide regular and scheduled… Read More »

Fundamental Duties in the Indian Constitution

By | January 23, 2017

Fundamental duties in Indian constitution are based on Japanese model. Ten duties in the the Indian Constitution were included in the Indian Constitution by 42nd amendment act, 1976 on the basis of Swarn Singh Committee. Eleventh duty was added by 86th Amendment act, 2002. Fundamental rights and fundamental duties are co-relative. 11 Fundamental Duties of the citizens towards… Read More »

About Human Digestive System

By | January 23, 2017

Digestive system of human beings consists of alimentary canal or gut and some accessory organs. Alimentary Canal include Mouth Oral (Buccal) cavity Pharynx Oesophagus Stomach Small intestine Large intestine Rectum and anus Accessory organs include Teeth Salivary Glands Gall bladder Pancreas Liver Alimentary Canal Alimentary canal is coiled, muscular, continuous tube running through the ventral body cavity extending… Read More »