What do you mean by ‘Financial System’? Explain the various components of financial systems detailing their purpose and functions.
Answer. Today financial companies operate in increasingly complex, competitive and ................ The international financial system is the worldwide framework of legal agreements........
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What is a depository system? Discuss the process of dematerialization and the process of creating pledge of securities held in depository.
Answer. A Depository is a service for keeping securities, that helps securities transactions to be processed............ In India, the Depositories Act, 1996 defines a depository to...
Describe in detail the important aspects of the pre issue activities.
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Explain the concepts of leasing and hire purchase and point out the difference between the two.
Answer. A lease transaction is a commercial arrangement whereby an equipment owner..... A Hire Purchase agreement typically demands the customer to pay a preliminary deposit, with the remainder of the balance, plus interest...........