Presence of nationalized banks expand the banking sector in an economy and reduce monopoly created by private financial institutions. Examples of nationalized banks in India include Bank of India, Bank of Baroda and Andhra Bank.Answer and Explanation: ...
Examples: ICICI Prudential Mutual Fund, HDFC Mutual Fund, and SBI Mutual Fund.In addition, mutual funds enable individuals with varying financial capacities to start investing small amounts of money. Investors can choose from various funds customized to their risk tolerance, investment goals, and ...
000 and should be paid in the same year in which income is received. It is also called as “Pay as you Earn” scheme since you pay the tax in the same year in which you earn income.
A bank usually borrows money from the depositors and the central bank at lower interest rate and then lends at a higher interest rate to borrowers thereby earning certain net interest margin. A bank usually faces various kinds of risk such as liquidity risk, interest rate risk, solvency risk...