Bissoy.com
Doctors Medicines MCQs Q&A

4 views

1 Answers

Due to the central bank's supervision and law enforcement agencies monitoring over the sending remittances through illegal channels, the inflow of remittances had been rebounded in the fiscal year 2017-18.

4 views

Related Questions

Read the following passage carefully and answer the questions given below.The Italian banking system became the model for those North European nations that would achieve the greatest commercial success in the coming centuries, notably the Dutch, the English, and the Swedes. It was in Amsterdam, London and Stockholm that the next decisive wave of financial or innovation occurred, as the forerunners of modern central banks made their first appearance. The seventeenth century saw the foundation of three distinctly novel institutions that, in their differen in ways, were intended to serve a public as well as a private financial function. The Amsterdam Exchange Bank, i.e. the Wisselbank, was set up in 1609 to resolve the practical problems created for merchants by the circulation of multiple currencies in the United Provinces, where there were no fewer than fourteen different mints and copious quantities of foreign coins. By allowing merchants to set up accounts denominated in a standardized currency, the Exchange Bank pioneered the system of cheques and direct debits or transfers that we take for granted today. This allowed more and more commercial transactions to take place without the need for the sums involved to materialize in actual coins. Financial historians disagree as to how far the growth of banking after the seventeenth century can be credited with the acceleration of economic growth that began in Britain in the late eighteenth 20 5 century and then spread to Western Europe, North America and Australasia. But banks played a more important role in continental European industrialization than they did in England's.a) Where did the precursors of modern central banks make their first appearance? b) What practical problem was the Wisselbank required to resolve in its initial days?c) How did the Amsterdam Exchange Bank respond to the demand of the age? d) What are the points of disagreement among the financial historians with respect to growth of banking vis-a-vis growth of economy? e) Choose a suitable title for above composition.
1 Answers 5 Views
Appropriate central bank response to persistent fiscal dominance will vary according to specific country situations, but in all cases they need to be unrelenting in strong advocacy for fiscal restraint, insisting on stabilization of public debt and growth of tax bases in tandem with expansion of public expenditure, so as not to let sovereign borrowing levels strain financial stability. Also, central banks should maintain real interest rates at such levels to dissuade borrowing binge by public and private also be needed occasionally. Beside these steps in terms of traditional role in the private profit driven market economy framework, promotion of pursuit of socially responsible business ethos would help consulate stability, by curbing debt addiction and short term speculative profit seeking at the expense of log terms sustainability in the real and financial sectors. (Translate English to Bengali)
1 Answers 4 Views
The number of people using internet on their mobile phones in Bangladesh crossed the 10-crore mark in September 2020 as customers shift towards the digital sphere to carry out tasks made further gains owing to the corona virus pandemic. The number of internet users rose 13 percent year-on- year to 11.11 crore in September. It was 9.84 crore in the same month last year. Now, 10.25 crore. subscribers use internet on their handheld devices and the rest rely on the services provided by internet service providers and public-switched telephone network operators. In another milestone. mobile phone subscribers grew 2.26 percent year-on-year to 16.71 crore in September to reach an all-time high. The number of active mobile phone users stood at 16.34 crore in the same month last year. (বাংলায় অনুবাদ করুন)
1 Answers 7 Views