This book on Money and Financial Systems has been written for B.Com. Examination as per Syllabus prescribed by the University Grants Commission.

CONTENTS

1. Money ... 1
2. Alternative Measures to Money Supply in India ... 12
3. Role of Finance ... 19
4. Financial System  ... 30
5. Financial Intermediaries ... 41
6. Financial Market Instruments and their Functions ... 55
7. Indian Banking System ... 62
8. Balance Sheet of a Bank ... 75
9. Cooperative Banking in India ... 84
10. Regional Rural Banks ... 94
11. Credit Creation by Banks and its Process ... 100
12. Determination of Money Supply and Total Bank Credit ... 106
13. Development Banks ... 110
14. Non-banking Financial Companies ... 128
15. Unregulated Credit Market in India ... 141
16. Instruments of Monetary and Credit Controls ... 146
17. Reserve Bank of India ... 154
18. Main Features of Monetary Policy Since Independence ... 165
19. Interest Rates ... 179
20. Problems and Policies of Allocation of Institutional Credit ... 191