Functions of the SWIFT

By | May 18, 2017

Society for Worldwide Interbank Financial Telecommunications (SWIFT) functions as a worldwide financial messaging network. In such a network, financial messaging network. In such a network, messages are exchanged securely and reliably between banks and other financial institutions. SWIFT also markets software ad services to financial institutions, most of it is used on the SWIFT network and bank identifier codes… Read More »

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 »

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 »

Air Transport in India

By | January 23, 2017

The air transport in India started in 1911 when the India’s first Aeroplane post services were started between Allahabad and Naini. All the airway companies were nationalized in 1953 and were put under two corporations namely – Indian Airlines and Air India. The Indian Airlines Corporation having headquarters in New Delhi was established to conduct the air service… Read More »