What are examples of government securities? Government securities are generally an investment product offered by the government. it can be in the form of treasury notes, bills or bonds, TIPS or a saving bond. this kind of securities usually offers...

What is the central bank and its functions? The Central Bank in India is a national authority. It is responsible for managing inflation, conducting monetary policy, and maintaining the financial and economic stability of the country. Moreover, It controls the...

What are the pros and cons of a money market account? The pros of a money market account are the higher interest income in comparison to a saving account as well as the ease of access. The ease of access...

How does taxation work in India? India, being the second most populous country and the most populous democracy in the world, has a well-structured tax system in place evolving over years. Tax being the largest source of revenue for the...

Who is liable to pay tax India? The income tax department divided income into five categories. Any individual who is earning above the threshold limit in these heads is liable to pay tax. For example, any individual earning an income...

What is the difference between tax evasion and tax avoidance? Tax avoidance refers to the use of legal means to avoid paying tax. This is majorly dependent on the tax laws of a specific country and the various provisions of...

What is simple interest and example? Simple interest is a method that is used in the calculation of the interest charged on a loan. It is calculated by multiplying the daily interest rate by the principal by the number of...

What is credit scrip India? Scrip is an alternative or substitute for a legal tender. The term scrip has reference in the Indian Foreign Trade Policy as 'Duty Credit Scrips'. It is one of the export incentives that the government...