Questions

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.

National Water Academy (formerly known as Central Training Unit) was set up in Central Water Commission Opens in a new window by the Ministry of Water Resources, RD and GR, opens in a new window Govt. of India in the year 1988, to impart training to the in-service engineers of various Central/State organizations involved in the Development & Management of Water Resources. It was established under USAID assistance and strengthened with the subsequent assistance received from the World Bank.

It is located at Pune