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Pankaj Gupta
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Pankaj GuptaScholar
Asked: 3 months agoIn: Economics, Environment

What is Green Taxonomy?

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What is Green Taxonomy?

What is Green Taxonomy?

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green taxonomy
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Answer
  1. Shefali
    Shefali Explorer
    Added an answer about 3 months ago

    Green Taxonomy is a classification system that defines which economic activities are environmentally sustainable. It serves as a guideline for businesses, investors, and policymakers to direct capital towards projects and industries that contribute to environmental goals such as climate change mitigRead more

    Green Taxonomy is a classification system that defines which economic activities are environmentally sustainable. It serves as a guideline for businesses, investors, and policymakers to direct capital towards projects and industries that contribute to environmental goals such as climate change mitigation, pollution reduction, and biodiversity conservation.

    Key Aspects of Green Taxonomy

    1. Objective-Oriented – It aligns with global sustainability targets, such as the Paris Agreement and the UN Sustainable Development Goals (SDGs).
    2. Scientific Basis – It uses scientific criteria to determine whether an economic activity is environmentally beneficial.
    3. Policy Framework – It provides a foundation for financial regulations, investment strategies, and sustainable finance initiatives.
    4. Avoids Greenwashing – By setting clear definitions, it prevents companies from falsely claiming sustainability.
    5. Sector-Specific Guidance – It applies to various industries, including energy, agriculture, transportation, and manufacturing.

    Notable Green Taxonomies Around the World

    1. EU Taxonomy (European Union) – A leading framework under the European Green Deal, providing detailed criteria for sustainable activities.
    2. China’s Green Bond Endorsed Project Catalogue – Defines green investments for bonds and financial markets.
    3. ASEAN Taxonomy – A regional initiative to guide sustainable finance in Southeast Asia.
    4. India’s Green Taxonomy – Under development to promote sustainable economic activities.
    5. UK Green Taxonomy – A framework similar to the EU’s, tailored for the UK’s climate goals.

    Why is Green Taxonomy Important?

    • Encourages Green Investments – Helps investors and companies identify eco-friendly opportunities.
    • Supports Climate Goals – Aligns economic growth with environmental sustainability.
    • Creates Market Transparency – Establishes standardized criteria for sustainability claims.
    • Reduces Financial Risks – Helps investors assess environmental risks linked to assets.

    Green taxonomies are a crucial tool in achieving a sustainable and low-carbon economy by directing capital towards projects that genuinely benefit the environment.

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bhawnagupta
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bhawnaguptaBeginner
Asked: 3 months agoIn: Economics

what are trade tarriffs and how do they work?

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what are trade tarriffs and how do they work?

what are trade tarriffs and how do they work?

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economicsgovernmentpoltics
1
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Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 3 months ago

    Trade tariffs are taxes or duties imposed by a government on goods and services imported from other countries. They are a common tool in international trade policy and serve various economic and political purposes. Here's a detailed breakdown of what tariffs are and how they work: Types of Tariffs ARead more

    Trade tariffs are taxes or duties imposed by a government on goods and services imported from other countries. They are a common tool in international trade policy and serve various economic and political purposes. Here’s a detailed breakdown of what tariffs are and how they work:

    Types of Tariffs

    • Ad Valorem Tariffs: These are calculated as a percentage of the value of the imported goods. For example, a 10% tariff on a $1,000 product would mean a $100 tax.
    • Specific Tariffs: These are fixed charges per unit of the imported good, such as $50 per ton of steel.
    • Compound Tariffs: A combination of ad valorem and specific tariffs. For instance, a product may be taxed at 5% of its value plus $20 per unit.

    How Trade Tariffs Work

    • Imposition: When a government imposes a tariff, it applies the tax to imported goods at the port of entry.
      • Example: If a country imports $10 million worth of cars and has a 20% tariff, the importer must pay $2 million in tariffs.
    • Pass-Through Costs: Importers often pass on the additional costs of tariffs to consumers, making imported goods more expensive.
      • This may encourage consumers to purchase domestic products instead of imports.
    • Revenue Generation: Tariffs generate revenue for the government, especially in countries where trade taxes form a significant part of the budget.
    • Trade Protectionism: Tariffs are often used to protect domestic industries from foreign competition by making imported goods less attractive due to higher prices.

    Impacts of Tariffs

    • Economic Impact:
      • On Consumers: Higher prices for imported goods can reduce purchasing power.
      • On Producers: Domestic industries may benefit from reduced competition, but industries relying on imported inputs may face higher costs.
    • Trade Relations: High tariffs can lead to trade disputes, with affected countries imposing retaliatory tariffs, resulting in a trade war.
    • Global Supply Chains: Tariffs can disrupt supply chains, increasing production costs and impacting global trade.

    Examples of Tariffs in Action

    • US-China Trade War: The US imposed tariffs on Chinese goods, and China retaliated with tariffs on US exports, affecting industries and consumers in both countries.
    • Steel and Aluminum Tariffs: Countries often impose tariffs on these materials to protect domestic industries, which can affect the cost of manufacturing globally.

    Criticisms and Alternatives

    • Criticisms:
      • Tariffs can hurt consumers through higher prices and reduce economic efficiency.
      • They can lead to retaliatory actions, escalating trade tensions.
    • Alternatives: Countries may use subsidies, quotas, or trade agreements to manage trade policies without resorting to tariffs.

    Trade tariffs are a powerful but often controversial tool in economic policy. While they can protect domestic industries and generate revenue, they may also lead to higher consumer costs and strained international relations.

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Aditya Gupta
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Aditya GuptaScholar
Asked: 5 months agoIn: Business & Finance

Can anyone earn money at sitting home by using phone

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Can anyone earn money at sitting home by using phone?

Can anyone earn money at sitting home by using phone?

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question
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  • 13 Views
  • 0 Followers
Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 4 months ago

    Yes, many people can earn money from home using just their phone. Here are some popular methods: Freelancing Platforms: Websites like Fiverr, Upwork, and Freelancer allow you to offer services such as writing, graphic design, programming, social media management, and more. How to Start: Create a proRead more

    Yes, many people can earn money from home using just their phone. Here are some popular methods:

    • Freelancing
      • Platforms: Websites like Fiverr, Upwork, and Freelancer allow you to offer services such as writing, graphic design, programming, social media management, and more.
      • How to Start: Create a profile, list your skills, and bid on projects that match your expertise.
    • Online Surveys and Market Research
      • Platforms: Websites like Swagbucks, Survey Junkie, and Toluna offer payment or gift cards for completing surveys and participating in market research.
      • How to Start: Sign up for survey platforms, fill out your profile, and start completing surveys.
    • Content Creation
      • Platforms: YouTube, TikTok, Instagram, and blogs can generate income through ads, sponsorships, and affiliate marketing.
      • How to Start: Choose a niche you are passionate about, create engaging content, and grow your audience to monetize your platform.
    • Selling Products Online
      • Platforms: Use platforms like Etsy, eBay, or even Instagram and Facebook Marketplace to sell handmade goods, second-hand items, or dropship products.
      • How to Start: Set up a shop or profile, list your products, and start selling.
    • Online Tutoring or Teaching
      • Platforms: Websites like VIPKid, Chegg Tutors, and Udemy allow you to teach or tutor students online.
      • How to Start: Sign up, create a teaching profile, and offer your expertise in a subject area.
    • Stock Trading or Investing
      • Platforms: Apps like Robinhood, E*TRADE, and Stash let you trade stocks, ETFs, or cryptocurrencies.
      • How to Start: Download a trading app, research the market, and start investing with small amounts.
    • Affiliate Marketing
      • Platforms: Use platforms like Amazon Associates or ShareASale to promote products and earn a commission on sales.
      • How to Start: Join an affiliate program, get your unique link, and share it through your social media or blog.
    • Virtual Assistant
      • Platforms: Websites like Belay, Zirtual, and Fancy Hands offer opportunities to work as a virtual assistant.
      • How to Start: Sign up for these platforms, offer administrative services, and start working remotely.
    • App Testing and Reviews
      • Platforms: Websites like UserTesting and Testbirds pay you to test apps and websites.
      • How to Start: Sign up, complete test assignments, and provide feedback.
    • Online Writing
      • Platforms: Medium, Substack, or freelance writing sites pay for articles or subscriptions.
      • How to Start: Create an account, write articles or newsletters, and earn through views or subscriptions.

      Each of these options requires different levels of skill, time commitment, and initial investment, but they can all be done from the comfort of your home using just your phone.

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    Administrator
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    Administrator
    Asked: 5 months agoIn: Accountancy, Commerce, Economics, Entertainment, Environment

    What is accountancy?

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    What is accountancy?

    What is accountancy?

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    1. Pankaj Gupta
      Pankaj Gupta Scholar
      Added an answer about 5 months ago

      Accountancy is the practice of recording, classifying, summarizing, and reporting financial transactions of a business or individual. It involves a systematic process that helps in analyzing the financial health and performance of an entity. Accountancy plays a crucial role in decision-making, complRead more

      Accountancy is the practice of recording, classifying, summarizing, and reporting financial transactions of a business or individual. It involves a systematic process that helps in analyzing the financial health and performance of an entity. Accountancy plays a crucial role in decision-making, compliance with laws, and maintaining transparency in financial operations.

      Key Functions of Accountancy:

      1. Recording: Documenting all financial transactions in books of accounts (e.g., journals, ledgers).

      2. Classifying: Organizing transactions into meaningful categories (e.g., assets, liabilities, income, expenses).

      3. Summarizing: Preparing financial statements like the profit and loss account, balance sheet, and cash flow statements.

      4. Analyzing: Interpreting financial data to understand profitability, liquidity, and solvency.

      5. Communicating: Sharing financial information with stakeholders like management, investors, and regulatory authorities.

      Types of Accountancy:

      1. Financial Accounting: Focuses on preparing financial statements for external use.

      2. Management Accounting: Provides financial data for internal decision-making.

      3. Cost Accounting: Analyzes production costs to improve efficiency.

      4. Auditing: Examines financial records for accuracy and compliance.

      5. Tax Accounting: Focuses on tax compliance and planning.

      Accountancy is essential for businesses to track their financial activities, comply with regulations, and make informed strategic decisions.

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    Isha Jaiswal
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    Isha JaiswalBeginner
    Asked: 5 months agoIn: Business & Finance

    Market Exchange

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    What are the different types of market exchange ?

    What are the different types of market exchange ?

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    businessmarketing
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    Answer
    1. Pankaj Gupta
      Pankaj Gupta Scholar
      Added an answer about 5 months ago

      Market exchange refers to the process by which goods, services, or resources are traded or exchanged in a market. The different types of market exchange can be broadly categorized as follows: 1. Barter Exchange Involves the direct exchange of goods and services without the use of money. Example: A fRead more

      Market exchange refers to the process by which goods, services, or resources are traded or exchanged in a market. The different types of market exchange can be broadly categorized as follows:

      1. Barter Exchange

      Involves the direct exchange of goods and services without the use of money.

      Example: A farmer trades vegetables with a weaver for cloth.

      Often used in traditional or informal economies.

      2. Monetary Exchange

      Goods and services are exchanged using money as a medium of exchange.

      Money simplifies trade by serving as a standard measure of value.

      Example: Buying groceries with cash or credit.

      3. Gift Exchange

      Exchange occurs without any immediate or explicit expectation of a return.

      Often seen in social or cultural contexts where relationships are emphasized.

      Example: Traditional gifting practices in tribal or community settings.

      4. Reciprocal Exchange

      Involves the mutual exchange of goods or services with an expectation of a return over time.

      Prominent in informal economies or rural settings.

      Example: Neighbors sharing tools or services.

      5. Market Exchange

      Takes place in a formal market with established rules and institutions.

      Based on supply, demand, and price mechanisms.

      Example: Buying stocks in a stock market or commodities in a wholesale market.

      6. Online Exchange

      Involves digital platforms where goods or services are exchanged virtually.

      E-commerce and cryptocurrency exchanges are examples.

      Example: Amazon, eBay, or Bitcoin trading.

      7. Auction Exchange

      Goods or services are sold to the highest bidder.

      Can occur in-person or online.

      Example: Art auctions or eBay auctions.

      8. Bilateral Exchange

      Trade occurs between two parties, such as countries or businesses, often based on agreements.

      Example: International trade agreements between two nations.

      9. Multilateral Exchange

      Involves trade among multiple parties or countries simultaneously.

      Example: Trade in a global market involving several nations.

      10. Countertrade

      Goods or services are exchanged between countries without involving money, often due to foreign exchange constraints.

      Example: Bartering oil for machinery between nations.

      Each type of exchange plays a unique role in facilitating trade, depending on the social, economic, and cultural context.

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    Pankaj Gupta
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    Pankaj GuptaScholar
    Asked: 5 months agoIn: Business & Finance

    How CIBIL score is calculated ?

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    How CIBIL score is calculated ?

    How CIBIL score is calculated ?

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    bankingcardscibilfinance
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    Answer
    1. Pankaj Gupta
      Pankaj Gupta Scholar
      Added an answer about 5 months ago

      The CIBIL score (Credit Information Bureau (India) Limited score) is a three-digit number that represents an individual's creditworthiness. It is calculated based on the data in the individual's credit report. Here's a detailed breakdown of how the CIBIL score is calculated: 1. Components of CIBIL SRead more

      The CIBIL score (Credit Information Bureau (India) Limited score) is a three-digit number that represents an individual’s creditworthiness. It is calculated based on the data in the individual’s credit report. Here’s a detailed breakdown of how the CIBIL score is calculated:

      1. Components of CIBIL Score

      The CIBIL score is typically influenced by the following factors:

      A. Payment History (35%)

      Timely repayment of loans and credit card bills positively impacts the score.

      Delayed payments, defaults, or settlements reduce the score.

      B. Credit Utilization (30%)

      The proportion of credit used compared to the total credit limit.

      High utilization indicates dependency on credit, which negatively affects the score.

      C. Credit Mix and Duration (25%)

      The diversity of credit accounts (secured loans like home/car loans and unsecured loans like credit cards/personal loans) improves the score.

      Longer credit history with consistent repayment behavior increases the score.

      D. Number of Hard Inquiries (10%)

      Frequent applications for loans or credit cards result in hard inquiries by lenders, which can lower the score.

      Multiple inquiries in a short period signal credit hunger, affecting the score negatively.

      2. Key Metrics in Credit Report

      Account Age: Older credit accounts demonstrate long-term financial reliability.

      Debt-to-Income Ratio: Lower ratios indicate better financial health.

      Negative Records: Loan defaults, write-offs, or bankruptcies have a significant adverse impact.

      3. Weightage of Factors

      Payment history holds the highest weightage, reflecting your reliability in repaying debts.

      A balanced mix of secured and unsecured credit and a longer credit history contribute significantly to a high score.

      4. Score Range

      300–549: Poor (Credit applications are usually denied).

      550–649: Average (Higher chances of loan rejection).

      650–749: Good (Eligible for loans, but at higher interest rates).

      750–900: Excellent (Easily approved for loans with favorable terms).

      How to Monitor Your CIBIL Score?

      Obtain a free annual CIBIL report from the CIBIL website or authorized financial institutions.

      Regularly monitor for discrepancies or errors in your credit report and report them for rectification.

      By maintaining a disciplined financial approach—timely payments, low credit utilization, and a good credit mix—you can ensure a healthy CIBIL score.

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    Pankaj Gupta
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    Pankaj GuptaScholar
    Asked: 6 months agoIn: Architecture, Art and Design, Business & Finance, Civil Engineering, Electrical Engineering, Engineering & Technology, Entertainment, Environment, Food and Cooking, Information Technology, Management, Mechanical Engineering, Society & Culture

    Is Ratan Tata's legacy truly as inspiring as it seems?

    • 1

    Is Ratan Tata’s legacy truly as inspiring as it seems?

    Is Ratan Tata’s legacy truly as inspiring as it seems?

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    ratan tata
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    1. Pankaj Gupta
      Pankaj Gupta Scholar
      Added an answer about 6 months ago

      Ratan Tata is widely celebrated as one of India’s most respected and influential business leaders, and much of his reputation is grounded in his unique approach to business and philanthropy. His contributions extend beyond profitability, impacting areas like social welfare, ethics, and national pridRead more

      Ratan Tata is widely celebrated as one of India’s most respected and influential business leaders, and much of his reputation is grounded in his unique approach to business and philanthropy. His contributions extend beyond profitability, impacting areas like social welfare, ethics, and national pride, which is why he’s often held in high regard. However, the narrative of greatness often simplifies complex realities. Here are some nuanced aspects to consider:

      1. Corporate Acquisitions and Globalization

      • Under Ratan Tata’s leadership, Tata Group made bold acquisitions such as Jaguar Land Rover and Corus Steel, helping position Indian industry on the global map. While these moves were financially risky, they also displayed his ambitious vision for India. Not every acquisition was immediately profitable, but many see these decisions as pivotal for India’s image on the world stage.

       

      2. Commitment to Ethics and Integrity

      • Tata Group is recognized for its ethical business practices and prioritizing integrity over pure profit. Ratan Tata has spoken against corruption and refused to engage in certain deals where ethical lines were blurred. This steadfastness in values has distinguished Tata Group in the corporate world, where such ethics are often compromised.

      3. Philanthropy and Social Initiatives

      • Through Tata Trusts, he has championed causes like rural development, healthcare, and education, often benefiting those beyond Tata employees. The Trusts fund large-scale projects in scientific research, education, and health. He personally contributed to various philanthropic initiatives, which solidified his image as a leader committed to social welfare. However, philanthropy can also serve corporate interests by enhancing brand image.

      4. The Tata Nano Experiment

      • The Tata Nano, launched as the world’s cheapest car, embodied his mission to make vehicles affordable for the common man. Though the project ultimately didn’t meet sales expectations, it demonstrated his willingness to innovate and prioritize accessibility over profitability. Critics argue that the project reflected a business miscalculation; however, it still represents his commitment to social impact through innovation.

      5. Personal Values and Legacy

      • Ratan Tata is known for his humility and grounded nature. Unlike many business leaders, he maintains a low-profile lifestyle and has often deflected praise toward his team. His focus on legacy over personal wealth – most of his holdings support philanthropic endeavors – adds to his respected image.

      Balanced View

      Ratan Tata’s reputation is based on genuine contributions to India’s economy and society, although, like any leader, he faced challenges and controversies. His legacy is complex, encompassing both the achievements and the lessons learned from his ambitions.

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    Aryan Shukla
    • 3
    Aryan ShuklaBeginner
    Asked: 7 months agoIn: Accountancy, Business & Finance

    Double-entry bookkeeping

    • 3

    What is double-entry bookkeeping?

    What is double-entry bookkeeping?

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    accountancydouble-entry bookkeeping
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    1. Sujeet Singh
      Sujeet Singh Beginner
      Added an answer about 7 months ago

      Double-entry bookkeeping is an accounting system that ensures every financial transaction affects at least two accounts, maintaining the accounting equation: Assets = Liabilities + Equity. In this system, each transaction is recorded in two parts: a debit and a credit. The total debits must always eRead more

      Double-entry bookkeeping is an accounting system that ensures every financial transaction affects at least two accounts, maintaining the accounting equation:

      Assets = Liabilities + Equity.

      In this system, each transaction is recorded in two parts: a debit and a credit. The total debits must always equal the total credits, providing a method to check for accuracy.

      Key Concepts:

      1. Debits and Credits:
        • Debits increase asset or expense accounts and decrease liability or equity accounts.
        • Credits increase liability, equity, or revenue accounts and decrease asset or expense accounts.
      2. Ledger Accounts:
        • Every transaction affects two or more ledger accounts. For instance, when a business purchases equipment with cash, the equipment (asset) account is debited, and the cash (asset) account is credited.
      3. Balances:
        • By recording both sides of the transaction, double-entry bookkeeping creates a balanced system. The sum of all debits must equal the sum of all credits at any given time.

      Example:

      Suppose a business buys a computer for ₹1,000 in cash:

      • Debit the Equipment account (an asset) by ₹1,000.
      • Credit the Cash account (another asset) by ₹1,000.

      This system provides a detailed, accurate financial picture, minimizes errors, and ensures that the financial statements (balance sheet, income statement) are always balanced.

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    Aryan Shukla
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    Aryan ShuklaBeginner
    Asked: 7 months agoIn: Business & Finance, Commerce

    fundamental principles of commerce

    • 3

    What are the fundamental principles of commerce?

    What are the fundamental principles of commerce?

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    commerce
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    • 36 Views
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    Answer
    1. Arjita
      Arjita Beginner
      Added an answer about 3 months ago

      Commerce is the exchange of goods and services between individuals, businesses, or nations. It operates based on several fundamental principles that ensure efficiency, fairness, and sustainability. 1. Principle of Exchange Commerce revolves around the voluntary exchange of goods, services, or moneyRead more

      Commerce is the exchange of goods and services between individuals, businesses, or nations. It operates based on several fundamental principles that ensure efficiency, fairness, and sustainability.

      1. Principle of Exchange

      • Commerce revolves around the voluntary exchange of goods, services, or money between buyers and sellers.
      • It enables the movement of resources from areas of surplus to areas of demand.

      2. Principle of Demand and Supply

      • Market forces determine prices and availability of goods and services.
      • A balance between demand and supply leads to price stability, while imbalances cause inflation or deflation.

      3. Principle of Profitability

      • Businesses engage in commerce to earn profits, which sustain operations and encourage growth.
      • Profit motivates innovation, efficiency, and customer satisfaction.

      4. Principle of Specialization and Division of Labor

      • Businesses focus on specific products or services to enhance efficiency and expertise.
      • Specialization leads to better quality, faster production, and cost savings.

      5. Principle of Value Addition

      • Commerce involves adding value to raw materials or services before selling them.
      • Manufacturing, branding, packaging, and customer service enhance product appeal and marketability.

      6. Principle of Free and Fair Competition

      • Healthy competition promotes better products, fair pricing, and innovation.
      • Monopolies and unfair trade practices harm consumers and the market.

      7. Principle of Consumer Satisfaction

      • Meeting customer needs and expectations ensures long-term business success.
      • Ethical business practices, transparency, and quality assurance build customer trust.

      8. Principle of Legal and Ethical Conduct

      • Commerce operates under legal frameworks that regulate trade, protect consumers, and ensure fair dealings.
      • Ethics in business, such as honesty and sustainability, enhance reputation and social responsibility.

      9. Principle of Credit and Finance

      • Financial systems, including banking, credit, and investment, support commercial activities.
      • Access to capital enables businesses to grow, invest, and expand operations.

      10. Principle of Globalization and Connectivity

      • Commerce extends beyond local markets to national and international trade.
      • Advances in technology, logistics, and communication facilitate seamless global transactions.

      By following these principles, commerce ensures economic development, job creation, and wealth distribution, contributing to a thriving global economy.

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    Urmila
    • 4
    Poll
    UrmilaExplorer
    Asked: 7 months agoIn: Economics, Politics & Political Science

    How many of the given statements regarding Finance Bill and Money Bill are correct?

    • 4

    With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements:                                                  ...Read more

    With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements:                                                                                                                                        [2023]
    1.  When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.
    2.  When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations.
    3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill.

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    finance bilmoney billpolitypollquestionupsc pre 2023
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    1. Urmila
      Urmila Explorer
      Added an answer about 7 months ago

      Here is the analysis of the three statements: Statement 1: "When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill." This statement is incorrect because, as per the text, a Finance Bill is a Money Bill, and the Rajya Sabha cannot amend or reject it. The Rajya SRead more

      Here is the analysis of the three statements:

      1. Statement 1: “When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.”
        • This statement is incorrect because, as per the text, a Finance Bill is a Money Bill, and the Rajya Sabha cannot amend or reject it. The Rajya Sabha can only recommend changes, which the Lok Sabha may accept or reject.
      2. Statement 2: “When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations.”
        • This statement is correct as per the explanation provided. The Rajya Sabha has limited powers over a Money Bill and can only make recommendations.
      3. Statement 3: “In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill.”
        • This statement is incorrect because a Finance Bill is a Money Bill, and there is no provision for a joint sitting for a Money Bill.

      Conclusion:

      • Statement 2 is correct.
      • Statements 1 and 3 are incorrect.

      Thus, the correct answer is Only one.

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