WELCOME Current Economics Studies Civics and Economics Definition

Definition: �The study of the rights and duties of citizens and of how government

Duties and Rights: �Duty is anything we are bound to do or omit �Duty

Good Citizen: v. Citizenship as legal status v. Citizens as political agent v. Citizenship

Democracy: Democracy means a government is elected at the people for the people by

E-Money: �It is broadly device as electronic store of monetary value on a technical

Definition: Digital equivalent of cash , stored on a electronic device or remotely at

Payment Mechanism: �It financial system supporting transfer of fund from supplier to the user.

Types: �Cash payment �Paper based payment(Cheque , demand drafts) �Card based payment(Credit card, debit

Automated Teller Machine(ATM) �An ATM is electronic Telecommunication device that enables customers. �It is

Income tax: �Percentage of your income you pay to govt. �Income Tax Act, 1961

Head of income �Income from salary �Income from other source �Houses �Capital gains �Business

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WELCOME

Current Economics Studies

Civics and Economics

Definition: �The study of the rights and duties of citizens and of how government works. �A social science dealing with the rights and duty of citizens. �The study of good citizenship and proper membership in a community.

Duties and Rights: �Duty is anything we are bound to do or omit �Duty is a moral obligation incompetent upon a person to do omit, or avoid something �Rights may also exist on a moral or legal matter �A moral right cannot be the basis for seeking relief through the legal system

Good Citizen: v. Citizenship as legal status v. Citizens as political agent v. Citizenship as membership v. The personally responsible citizen v. The participatory citizen v. The social justice oriented citizen

Democracy: Democracy means a government is elected at the people for the people by the people -ABRAHAM LINCON

BANKING SERVICES

E-Money: �It is broadly device as electronic store of monetary value on a technical device. �E- money involves the use of computer network such as the internet and digital stored value system. e. g Bank deposit �It may have official legal status are not it may be historical current or theoretical.

Definition: Digital equivalent of cash , stored on a electronic device or remotely at a server. It also point E-money being stored on and used via, mobile phone on internet based payment account. -European Commision

Payment Mechanism: �It financial system supporting transfer of fund from supplier to the user. �It is usually through exchange of Debit & Credit among the financial institution. �Electronic commerce transaction also called payment mehanism.

Types: �Cash payment �Paper based payment(Cheque , demand drafts) �Card based payment(Credit card, debit card) �Electronic payment & Remittances

Automated Teller Machine(ATM) �An ATM is electronic Telecommunication device that enables customers. �It is also known as bank card or money asses card , key card , credit card. �Internet bank allow the use of ATM card

Income tax

Income tax: �Percentage of your income you pay to govt. �Income Tax Act, 1961 �It is include salary, Rent, Profit out of business, Assets

Head of income �Income from salary �Income from other source �Houses �Capital gains �Business and profession.

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