Study of merits and demerits of plastic money aims and objectives pdf

The managers define the objectives while formulating plans. Through this research, i came to know about so many new things about these lovely polymerized pieces. Plastic bank notes are made from a polymer, and have many advantages over the traditional paper notes. Yes, though it may pay cash to the contributors, the truth is this process needs a lot of money, time and land to set up a plant and run. Plastic money also keeps track of the transactions as they are incurred along. The study also tries to find out the role of member establishments in the progress of plastic money in india. They can come in many different forms such as cash cards credit cards debit cards prepaid cash cards instore cards 3. Plastic money its technical and monetary importance educba. The disadvantage being there are still many among us who do not know how to use a plastic card wisely. Producers have complete freedom to invest in any business or trade. This articles deals in general about the main merits and demerits of polymer money.

To study the merits and demerits of plastic money based on experiences of people. Advantages and disadvantages of sustainable development. But governments have always reneged on the deal and slipped the people counterfeit money. It also analysed the current status and trends of plastic money in india. We have now seen the merits of waste management in detail. An analytical study on use of plastic money in india. Questionnaires are really inexpensive when they are handled properly.

What are the advantages and disadvantages of money. If you are clever, you can make use of the cards but not everyone can be clever. The plastic money can be in the form of credit cards or debit cards. Accounting is based on the traditional concept of cost and revenue. Merits and demerits of qualitative and quantitative. Advantages and disadvantages of management by objectives. The present study is an attempt to know about the demonization in india and its objectives and effects.

Secondary data meaning, its advantages and disadvantages. Merits and demerits of plastic money based on experiences of peoples free download as word doc. To trace out the origin and development of plastic money. So far ive been sounding like a nice, pleasant bank executive who is convincing you to open an account. The evaluation will focus on assessing the extent to which the programme objectives have been met, and may have one or more aims. Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. The banking sector is in a transactional mode towards a vibrant global. The aims of job analysis is to always ascertain and record the jobrelated information of the employment measures like training, selection, payment and performance assessment. Share of wallet study among cardholders across the six cities of delhi, mumbai, kolkata, chennai, bangalore and hyderabad reveals that card usage is highest for dining and shopping, while it is also popular for travelrelated expenses such as air. Credits cards cost much more than other forms of credit, such as a line of credit or a personal loan, in case you are unable to pay them on time. With a history of plastic money, you cannot ignore charge cards. Will this change be for good or bad only the future will decide. Plastic money is actually a term used for hard plastic cards which usually we use in place of real money or bank notes.

To make the monetary transactions more transparent. Smart objectives and goals in the field of marketing and market research are for all those people who want to meet a specific goal. To explore how scammers take advantage of ordinary peoples. The acquirer thenforwards the chargeback to the merchant. Introduction meaningdefinition needs types evolution of money merits and demerits conclusion referance. Technology has changed the way we deal with money giving us more convenience and easy access to funds from anywhere. Plastic money had fascinated me from a long time and i was curious to go into the details about its usage,this project gave me ample oppurtunity to do so. Study of merits and demerit of plastic money based on. A study on the importance and popularity of plastic money in aluva bindu p. Pdf is often associated with paperless office and used for printing and designing. These cards can be used to buy things from the market. The seven advantages of plastic money called as the credit.

What are the advantages and disadvantages of plastic money. A chargeback is an event in which money in a merchantaccount is held due to a dispute relating to the transaction. The main advantage of plastic money is that it avoids the necessity to carry huge cash and is also difficult to mutilate. To study how plastic money is changing todays world. In the event of a chargeback, the issuerreturns the transaction to the acquirer for resolution. A study on the importance and popularity of plastic money in. Materials and resource requirement planning objectives. Advantages and disadvantages of partnership before moving towards the advantages and disadvantages of partnership, it is important to know what partnership. To study consumers reasons for preference of plastic money over hard cash keywords. All these lead to less bias on the part of observer while conducting. The money as medium of exchange played an important role by having put to an end the demerits of barter system. Chargit chargit was the first actual bank card and was issued in 1946. Gold and silver coins are accepted even by foreigners, as they have got some intrinsic value. Such policies vary from trade agreements to more extensive treaties in which individual member countries sacrifice part of their national sovereignty to a higher.

Collect, comprise and analyze the recent data obtained from newspaper related to repo rates of credit control announced by reserve bank of india. It all started with a simple credit card that allowed you to make purchases today and pay later. How did all start, in history you might have learnt batter system where goods were traded for goods, then came an era where gold and silver coins came into being, then we modernized we stared using paper notes and coins for trading of goods and services. Read this article to learn about the need, objectives, functions, advantages and disadvantages of packaging of products. When once goals are set up clearly, they act as incentives and standards for control purposes.

Merits and demerits of observation in marketing research. The term plastic money refers to the hard plastic cards which are used instead of actual bank notes. It is meant to the used in place of coins and banknotes for the purpose of making electronic payments of small amount fsa, 2001. To study the awareness and use of plastic money among the consumers 2. Peter, a young mba graduate joins a large software firm as a business development executive. Plastic money, unlike paper money, will not burn easily and can resist higher temperatures than paper money. Workers participation is aimed at the following objectives. A study on the importance and popularity of plastic money. Secondary data is the data that have been already collected by and readily available from other sources. Moreover, data gathered through observation are immediately recorded. To analyse the risk factor involved in the usage of plastic money and legal.

The data you acquire through this method should be quite enough such that you can create a job description out of it. Pdf can be opened on any device with any operating system in exactly the same form in which it. They help immensely, and many people couldnt imagine. The article discusses the objectives, advantages, disadvantages and implementation of materials and resource requirement planning. Companyissued charge cards can be found as far back as the early 1900s. Conclusion study merits demerits plastic money jobs. The plastic is not porous which means they do not absorb moisture and dirty a huge benefit in hot, humid countries. These cards mainly just kept customers loyal to the company.

Easy to handle it prevents to carry out heavy wallets, hence, reducing the chances of theft. But if we observe the present day problems we find that money also played an important role in creating and promoting these problems. Plus point of plastic money is that you wont have to carry your cash around all the time. Opponents of credit cards argue that even if you always pay your balance in full and never pay a fee, paying with plastic still costs you money.

To study the procedural aspect in the operation of plastic money. Developers set the goal to create a format that can be displayed and opened the same on any device. Material and manufacturing planning system is one of the key essentials of a production plan. Learn more about smart objectives and goals with examples and understand why you need to define clear objectives and goals and how it can help you save your time and reach your desired goals. Generally, quantitative methods are fairly inflexible. This claim sounds bizarre, but theres research to back it up. Hence within limits the issue of paper money comes very handy to the government at the time of dire need. For example, cash cards, debit cards, credit cards, prepaid cards, and store cards. Read this article to learn about the aims, methods, merits and demerits of workers participation in management. So with this rapid increase in the usage of plastic money as compare to paper money, there involves various pros and cons with them.

Questionnaires can be of different types, written, postal, telephone and many other methods. The advantages and disadvantages of different social. Partnership is an association of two or more persons to carry on a business and share its profit and loss among them. Study of merits and demerits of plastic money based on experience of people points. Based on individualised instruction and study at the just right level, kumon seeks to improve the skills of each student and maximise their potential. The general conditions of observation may be controlled by selecting the group, special form of stimuli and the observers. Merits and demerits of plastic money based on experiences of.

This growing trend will soon rise up to the point where the plastic money will completely replace the need for carrying cash. Study objectives define the specific aims of the study and should be clearly stated in the introduction of the research protocol. Like everything, plastic money also has its own merits and demerits. Money is the yardstick for measuring profits and losses and financial health of the business operating results and financial position. There are different form of such cards available like the cash cards as well as the debit card etc it may also include the prepaid cash card. Saves the time spent on repeated visits to the banks. May 24, 2019 study of merits and demerits of plastic money based on experiences of people. Hsc xii projects list commerce 12th std projects list. Aim and objectives the aim of the study is to evaluate the impact on environment that has occurred already with the following objectives. Business study notes is all about business education and business studies online.

So for those who are not well aware of the cards and its disadvantages should always be careful to avoid themselves being in trouble. Visit the branch of any commercial bank and write a report on various functions performed by the bank. Dec 16, 2017 like everything, plastic money also has its own merits and demerits. The usa is now in its 42nd year since nixon abolished gold backing, and is in the fifth year of a slow noisy collapse.

Fuel accounts for a very small portion of credit card purchases as these are largely paid through debit cards. The key difference between quantitative and qualitative methods is their flexibility. Underlying evilsthough it may look all trendy and flashy to own plastic money especially credit cards, you may be surprised to know, owning it is extremely harmful and risky as well. Lenders like our credit card reliance and have cooked up many ways to help you get the most from your credit card. Advantages and disadvantages of pdf format logaster. Job analysis is the process of collecting all the details like the duties, responsibilities and skills required for a particular job. The purpose of the present study also elucidates the impact of such a move on black money. Simply by swiping your card, they say, you automatically spend more than you would handing over a wad of cash. They can be cheaper than taking surveys which requires a lot of time and money. Such data are cheaper and more quickly obtainable than the primary data and also may be available when primary data can not be obtained at all. Please note a few points before we look at the disadvantages of plastic money. Now you can say that technology here means use of plastic money, plastic money can be your debit or credit card. Like conventional money, plastic money can function as a medium of exchange, a unit of account and a store of value. Debit and credit cards offer more than a way to access money without having to carry around cash or a bulky checkbook.

Debit card, credit card, plastic money, paper money, transactions, and financial institutions introduction plastic money is a very recent context replacing the traditional concept of. It is not affected by extreme values hence is a good representative of the. How to evaluate the programme world health organization. Visit us here to find free business notes and exams material of all the. Charge cards laid the groundwork for debit and credit cards. Workers participation in industry improves relationship between workers and management and establishes better human relations. The foremost advantage of this system is that everybody enjoys economic freedom as one can spend ones income according to ones wishes. Canadian money, actually, just recently switched to plastic a couple years ago.

Business tesco has set out its own aims and objectives that they wish to achieve. We should wisely use it keeping all the below points in mind. Summary and conclusion 193 the study has been made to know the spending habit patterns of consumers and why they are not adopting the plastic money in their daily lives. Even after a product is developed and branded, it is important to adopt strategies for other productrelated aspects of the marketing mix. Demonetization of currency is a radical monetary step in which a currency units status as a legal tender is declared invalid. Money one of the most important factor for living life. Objectives of this study includes to examine the socioeconomic profile of the cardholders so as to ascertain the association of such factors with the use of debit cards and credit cards. A study on the importance and popularity of plastic money in aluva doi. Workers participation in industry improves relationship between workers and management and establishes better human. Plastic money is a term that is used predominantly in reference to the hard plastic cards we use everyday in place of actual bank notes.

Paper money also picks up dirt and stains more easily than plastic money. Shed light on the dynamics determinants, drivers and infrastructures underpinning the recent migration across, and loss of life in, the mediterranean, mapping the geographies, routes, and journeys of migrants arriving at europes southern border. Advantages and disadvantages of swot analysis your business. Plastic money definitely provides an alternative in some cases and compliments cash as a medium. Merits and demerits of qualitative and quantitative procedures psychology essay. Unbacked money has always collapsed within forty years. I would say that the main advantages and disadvantages of instalmet sales are that they cinsume your money and they let you pay for the things you cant afford or dont have all the money for. Credit and debit cards have changed the way we live. However, plastic money has its share of issues that one must be careful about. There is no need to carry big bulks of cash in the wallet. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash. Mode is the term that occur most in the series hence it is not an isolated value like median nor it is value like mean that may not be there in the series.