Category Archives: Economy

Indian Economy articles for competitive examination

Relationship of Finance to Economics and Accounting

By | June 13, 2018

Financial management has a close relationship with economics on the one hand and accounting on the other. Relationship of Finance to Economics: There are two essential linkages between economics and finance. The macroeconomic environment defines the setting within which a firm operates and the microeconomic theory provides the conceptual underpinning for the tools of final decision-making. Key macroeconomic factors like the… Read More »

Indian Stock Exchanges Service Corporation (ISESC)

By | May 13, 2018

Indian Stock Exchanges Services Corporation (ISESC) is promoted by second-rung stock exchanges of the country and is floated as a company under Section 35 of Companies Act. ISESC came to functional on June 1998. In ISESC there are 14 members including Bangalore, Bhubaneswar, Cochin, Coimbatore, Guwahati, Hyderabad, Jaipur, Kanpur, Ludhiana, Madhya Pradesh, Mangalore, Patna, Saurashtra and Vadodara stock exchanges. ISESC… Read More »

Definition of Stock Exchange

By | May 5, 2018

Under the Indian Securities Contracts (Regulation) Act of 1956, an exchange is defined as any body of individuals, whether incorporated or not, constituted to assist, regulating or controlling the business of buying, selling or dealing in securities. The Securities Contracts Regulation Act stipulates that the Government of India must recognize a stock exchange. The Government recognizes the twenty-three… Read More »

Payback Period

By | April 14, 2018

The basic characteristic of investment is that a stream of future cash flows follows accuracy outlay for a specified period. A rational investor would try to recoup his initial outlay from the cash flows in the quickest time possible during the economic time of the project. Payback period may be defined as the number of years required to… Read More »

About The Central Statistical Organisation (CSO)

By | August 3, 2017

The Central Statistical Organisation (CSO) was set up in the cabinet secretariat on 2 May 1951. CSO is responsible for coordination of statistical activities in the country, and evolving and maintaining statistical standards. CSO activities include national income accounting, conduct an annual  survey of industries, economic census and its follow up surveys, compilation of index of industrial production,… Read More »

About National Statistical Commission (NSC)

By | August 3, 2017

Indian government ordered setting up National Statistical Commission (NSC) on 1st June, 2005 on the recommendations of C. Rangarajan Commission. NSC assumed charge on 12th July, 2006. Prof Suresh Tendulkar became the first chairperson of the NSC. Constitution of NSC: A part-time chairperson who will be an eminent statistician or social scientist. Four part-time members, one each from… Read More »

About the National Sample Survey Organization (NSSO)

By | August 3, 2017

The National Sample Survey Organization (NSSO) carries out socioeconomic surveys, undertakes field of work for the Annual Survey of Industries and follow-up surveys of economic census, sample checks on area enumeration and crop estimation surveys and and prepares the urban frames useful in drawing of urban samples, besides collection of price data from rural and urban sectors. NSSO… Read More »