Role of Reserve Bank of India in Credit Control
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Role of Reserve Bank of India in Credit Control The Reserve Bank of India adopts two methods to control credit in modern times for regulating bank advances. Read More ... (https://www.civilservicegurukul.com/role-of-reserve-bank-of-india-in-credit-control/)
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Role of Reserve Bank of India in Money market
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RBI is the most important constituent of the money market. The money market comes within the direct purview of the Reserve Bank of India regulations. The Read More ... (https://www.civilservicegurukul.com/role-of-reserve-bank-of-india-in-money-market/)
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Recent Developments in the Indians Money Market
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The recent developments in the Indian money market may be briefly explained as below: 1. Integration of unorganised sector with the organised sector : RBI has taken Read More ... (https://www.civilservicegurukul.com/recent-developments-in-the-indians-money-market/)
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Meaning of Financial System & Functions of Financial System
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Financial system consists of a variety of institutions, markets and instruments related in a systematic manner and provide the principal means by which savings are transformed Read More ... (https://www.civilservicegurukul.com/meaning-of-financial-system-functions-of-financial-system/)
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Role and Importance of Financial System in Economic Development
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1. It links the savers and investors. It helps in mobilizing and allocating the savings efficiently and effectively. It plays a crucial role in economic development Read More ... (https://www.civilservicegurukul.com/role-and-importance-of-financial-system-in-economic-development/)
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Financial Markets & Functions of Financial Markets
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Financial market deals in financial securities (or financial instruments) and financial services. Financial markets are the centres or arrangements that provide facilities for buying and selling Read More ... (https://www.civilservicegurukul.com/financial-markets-functions-of-financial-markets/)
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Classification of Financial Markets
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There are different ways of classifying financial markets. There are mainly five ways of classifying financial markets   1. Classification on the basis of the type Read More ... (https://www.civilservicegurukul.com/classification-of-financial-markets/)
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Daily Answer Writing Practice- DAY -89 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-89/
Daily Answer Writing Practice- DAY -90 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-90/
Daily Answer Writing Practice- DAY -91 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-91/
Daily Answer Writing Practice- DAY -92 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-92/
Daily Answer Writing Practice- DAY -93 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-93/
Daily Answer Writing Practice- DAY -94 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-94/
Daily Answer Writing Practice- DAY -95 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-95/
Daily Answer Writing Practice- DAY -96 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-96/
Daily Answer Writing Practice- DAY -97 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-97/
Daily Answer Writing Practice- DAY -98 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-98/
Daily Answer Writing Practice- DAY -99 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-99/
Daily Answer Writing Practice- DAY -100 Industrial Relation topic of Paper 2 of UPSC Commerce Optional https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-100/

👆🏻Industrial relation daily answer wrtiting practice
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Industrial relation code Bill 2019 for UPSC Commerce Optional
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Determining factors of industrial relations

Determining factors of industrial relations
Good industrial relations depend on a great variety of factors. Some of the more obvious
ones are listed below:

1. History of industrial relations – No enterprise can escape its good and bad history of
industrial relations. A good history is marked by harmonious relationship between
management and workers. A bad history by contrast is characterized by militant strikes
and lockouts. Both types of history have a tendency to perpetuate themselves. Once
militancy is established as a mode of operations there is a tendency for militancy to
continue. Or once harmonious relationship is established there is a tendency for harmony
to continue.


2. Economic satisfaction of workers – Psychologists recognize that human needs have a
certain priority. Need number one is the basic survival need. Much of men conducted are
dominated by this need. Man works because he wants to survive. This is all the more
for underdeveloped countries where workers are still living under subsistence conditions.
Hence economic satisfaction of workers is another important prerequisite for good
industrial relations.


3. Social and Psychological satisfaction – Identifying the social and psychological urges
of workers is a very important step in the direction of building good industrial relations.
A man does not live by bread alone. He has several other needs besides his physical needs
which should also be given due attention by the employer. An organization is a
joint venture involving a climate of human and social relationships wherein each
participant feels that he is fulfilling his needs and contributing to the needs of others. This
supportive climate requires economic rewards as well as social and psychological rewards
such as workers’ participation in management, job enrichment, suggestion schemes, redressal of grievances etc

The Characteristics of trade unions
1. Trade unions have a statement specifying that organization is a trade union.
2. Trade unions have a statement of its principle objectives.
3. Registration with Registrar of Trade Union.
4. Independence from employer, which may be evident from the certificate issued by the
Registrar of Trade Union.
5. Affiliation with central trade union organization.

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