Currency, Banking and Exchange

Syllabus

CURRENCY, BANKING AND EXCHANGE

Unit-I 

Functions, Significance & Various Forms of Money, E-Money. Quantity Theory of Money (Fisher’s): Assumptions and Criticism, Monetary Standard – Gold Standard, Bi-metallism and Managed Currency Standard. Principles & Methods of Note issues, Indian Money Market.

Unit-II 

Meaning and Significance of Credit, Factors Influencing the Volume of Credit in the Country, Credit Creation by Bank, Credit Control by RBI.
Inflation: Causes & Remedies. 

Unit-III 

Types of Banks, Central Bank and Commercial Banks: Meaning and Functions, Regional Rural Banks. E- Banking & Postal Banking.

Unit-IV 

Concept of Foreign Exchange and Exchange Rate, Factors Causing Fluctuations in Exchange Rate, Exchange Control: Meaning, Objective and Methods.