Role of World Bank in International Financial Market

By | May 12, 2017

The World Bank Group consists of naturally the World Bank itself and the International Development Association (IDA), the International Finance Corporation and the Multinational Investment Guarantee Agency. Besides the World Bank Group, these are also multinational regional development banks for Latin America, Africa, and Asia. Though these are technically different from World Bank, their functioning is similar to… Read More »

Hecksher Ohlin Samuelson Theory

By | April 26, 2017

The Heckscher-Ohlin-Samuelson (HOS) theorem states that a country which is relatively abundant in labor will have a comparative advantage in the labor-intensive good and the relatively capital abundant country will have a comparative advantage in the capital-intensive good. Thus, it is the factor abundance rather than technology which determines the pattern of trade. The Heckscher-Ohlin theorem predicts the pattern of trade between countries… 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 »

Languages in India

By | January 5, 2017

India is home to 1652 mother tongues. 33 of which are spoken by people numbering over a lakh. Sanskrit is the overarching language in most of the Indian languages. Officially there are 22 recognized languages. English, in fact, is widely spoken and perhaps is the link between North, North-East and South India. In the world, there are 6000… Read More »

Chartering Practices

By | January 3, 2017

When a tramp carrier is engaged, it is said to be under the charter, as one charterer hires either the whole or the bulk of its space. A tramp may be chartered in some ways. Three most important forms of engagement are: Voyage Charter Time Charter Bareboat Charter or Charter by Demise. Let us now discuss them in… Read More »

Synonyms and Antonyms (Section W, X, Y, Z)

By | January 2, 2017

Synonyms and antonyms of essential English words are starting with alphabet ‘W, X, Y, Z’. Learning synonyms and antonyms for the words in this sections ‘W, X, Y, Z’ will be helpful for the aspirants preparing for competitive examinations on English language testing. Section W This section ‘W’ covers terms such as wayward, weaken, weld, whimsical, wicked, widen, widespread,… Read More »

Synonyms and Antonyms (Section U, V)

By | January 2, 2017

Synonyms and antonyms of essential English words starting for the aspirants preparing for competitive examinations on English language testing with letter ‘U, V’ will be helpful for the aspirants preparing for competitive examinations on English language testing. Section U: This section ‘U’ covers terms such as ugly, ultimate, undue, unearth, uniformity, unify, unique, universal, upset, urge, urgent, usual.… Read More »

Synonyms and Antonyms (Section P, Q)

By | January 2, 2017

Synonyms and antonyms of essential English words are starting with alphabet ‘P, Q’. Learning synonyms and antonyms for the words in this sections ‘P, Q’ will be helpful for the aspirants preparing for competitive examinations on English language testing. Section P This section ‘P’ covers terms such as pacify, palatial, pardonable, partisan, pathetic, peerless, pessimist, pinnacle, potent, precise,… Read More »

Basic Principles of ECGC Operation

By | December 29, 2016

There are two basic principles on which ECGC (Export Credit Guarantee Corporation of India Limited) works: 1. The spread of Risk: An exporter is required to insure all the shipments that may be made by him during the next two years. To avoid undue difficulty to the exporters, exceptions have been made in respect of transactions made against… Read More »