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What is Monetary Policy? How does Monetary policy contribute in the operation of Nepalese Bank and Financial Institution? Explain with example.मौद्रिक नीति भनेको के हो ? नेपालमा बैंक तथा वित्तीय संस्थाको सञ्चालनमा मौद्रिक नीतिले कसरी योगदान पुर्‍याउँछ? उदाहरण सहित व्याख्या गर्नुहोस् ।

What is Monetary Policy? How does Monetary policy contribute in the operation of Nepalese Bank and Financial Institution? Explain with example. मौद्रिक नीति भनेको के हो ? नेपालमा बैंक तथा वित्तीय संस्थाको सञ्चालनमा मौद्रिक नीतिले कसरी योगदान पुर् ‍ याउँछ ? उदाहरण सहित व्याख्या गर्नुहोस् ।  Monetary policy refers to the set of actions and measures implemented by a country's central bank to control and regulate the money supply, interest rates, and overall economic activity. The primary objectives of monetary policy are typically to achieve price stability, promote economic growth, and maintain employment levels. In Nepal there is a legal provision that every year on Jestha 15th, the federal parliament ( संघीय संसद ) passes the budget, and the budget is passed on the same date. After the budget is passed by the Parliament, there is a provision for the Central Bank (Nepal Rastra Bank) to formulating and implementing the monetary policy in the country. There...

What are the points that should be consider while handling a cheque?

  Points that should be consider while handling cheque are mentioned below: §   Date of a cheque should not be more than 6 months older or nor should be of future date. §   If the cheque is bearer it should be paid to the bearer, if it is order cheque it should be paid after verifying identity and if the cheque is cross cheque it should be deposited in payees’ account. §   Amount should be paid only if the balance in account is sufficient. §   Amount should be equal in words and letters. §   Signature done on the face of a cheque by account holder should be verified from CBS (Core Banking System). §   If the cheque is indorsed, signature should be there at back side at appropriate place and it should be verified. §   The ink in writing should be same in cheque as per NRB, only black ink. §   If cash is demanded demonstrations should be filled at the back side of the cheque. §   If customer want to make Bank draft from c...

What is cheque? Explain the types of cheque.

            Cheque                    C heque is a written, unconditional, and signed order from an account holder (drawer) to their bank, instructing the bank to pay a specific amount of money to a designated recipient (payee) or to the bearer of the cheque. Cheques are one of the oldest and most common forms of payment, though their usage has declined in recent years with the rise of digital payment methods.     In short,  Cheque is a negotiable instrument which contains an order to the bank, signed by the drawer, to pay a certain sum of money to a specified person. Types of cheque: There are mainly three types of cheque. They are as follows: a)      Bearer cheque: A bearer cheque is payable to the bearer or the person who possesses the cheque. It does not mention any specific payee's name and can be encashed by anyone who presents it to the bank. Bearer ...