What is RBI and what are the Functions of RBI?
India's central banking and monetary authority is known as the Reserve Bank of India (RBI). The reserve bank of India governs the availability of funds in the financial system for…
What is a Industry and what are the Types of Industries?
An industry is a type of economic activity where products are created and raw materials are handled by powerful machinery. A set of businesses with comparable business practices that generate…
What is an Economy?
An economy is typically based on a territory, such as a country or a town, and it depends on the resources or riches that are present in that place. The…
What is Compound Interest and How Does It Works?
Compound interest is interest computed on the original principle plus all accumulated interest from prior periods on a deposit or loan. It is computed by multiplying the original principal amount…
What is Mutual Funds?
It is a trust that collects money from a group of individuals with similar financial goals and invests it in stocks, bonds, money market instruments, and/or other securities. After deducting…
What is Banking and How do Banks Make Money?
Banking is the business of safeguarding other people's money. Banks lend this money, earning interest and profit for both the bank and its consumers. A bank is a type of…
What is Credit Score?
A credit score is a number ranging from 300 to 850 that represents a consumer's creditworthiness. The higher the score, the more appealing a borrower appears to potential lenders. A…
What is Insurance?
Insurance provides financial protection against loss. It is a type of risk management that is primarily used to mitigate the risk of a contingent or uncertain loss. An insurer, insurance…
What is Investment?
The dedication of an asset to achieve a gain in value through time is referred to as investment. Investment necessitates the sacrifice of a current item, such as time, money,…
How to save for a vacation?
Around this time of year, when you start to consider taking a trip, vacation planning frequently starts. But ideally, you're also considering setting aside money for a trip. Vacations typically…