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banking terms

By Victor S. Fischer
  ✍️ CRR Cash Reserve Ratio is the minimum fraction of total deposits of a bank’s customers that banks have to hold as reserves with the central bank. ✍️ SLR Statutory Liquidity Ratio is the ratio of liquid assets to the net demand and time liabilities. ✍️ LAF Liquid Adjustment Facility is a tool to allow banks to borrow money through repurchase agreements. It consists of repo and reverse repo operations. ✍️ MSF Marginal Standing Facility allows scheduled banks to borrow funds overnight from RBI against approved government securities. ✍️ MSS Market Stabilization Scheme is a monetary policy intervention by RBI to withdraw excess liquidity by selling government securities in the economy. ✍️ OMO Open Market Operations refers to the buying and selling of government securities in the open market so as to expand or contract the amount of money in the banking system. ✍️ REPO Repo stands for Repurchase agreement where a seller of a security agrees to buy it back from a buyer at a
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Hostel Life

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        Introduction 

         In schools and colleges many students some to read from far-off places. They cannot come from and go back to their homes daily. Hence, they live in hostels. Many students live in the hostel even though their homes not far-off. The reason is that in the hostel they get facilities for study.

Description 

         The Hostel life is very pleasant. Students live in their homes under the strict control of their parents and other elders. They cannot talk or move about freely. In the hostel they breathe for the first time an air of regulated freedom. They mix freely with one another.
                            In hostel life , the boarders get full opportunity for their mental and physical development.There are arrangements for physical exercises as well as  games and sports in the hostel. They have to live under a strict discipline. They have to obey the rules of the hostel.
                            There is superintendent in each hostel. He looks after the management of the hostel. He also looks after the health and conduct of the boarders. The boarders have to carry out his orders. The relationship between the boarders and the superintendent is generally very good. The superintendent looks upon the boarders as his own children . The students are required to read during the study-period. There are also debating societies and libraries in the hostel. The boarders borrow books from the library and read newspapers there. They also take part in debates , in this way , hey develop both their body and mind.

Advantage 

        There are many advantages of the hostel life. In a hostel , the boys get several facilities for study. They have to obey rules. So they learn discipline. They have to do every work at a fixed time. Thus they form regular habits. They treat one another as members of the same family. They learn to share each other's joys and sorrows. A hostel is an ideal place for character-building. It gives useful training for real life.

Disadvantage

        As there is nothing wholly good, so there are some defects in hostel life too. in a hostel, young boys and girls miss the loving care and fondness of their parents and other members of the family. Beside this, in a hostel, students often get very bad meals. The food is cooked by cooks and it is they who manage the mess. They buy cheap and bad stuff. They cannot prepare varieties as in our homes. 

Conclusion

        Yet, in spite of these small defects, the hostel life is really pleasant and ideal for students.
                           
                                                
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By Victor S. Fischer

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banking terms

By Victor S. Fischer
  ✍️ CRR Cash Reserve Ratio is the minimum fraction of total deposits of a bank’s customers that banks have to hold as reserves with the central bank. ✍️ SLR Statutory Liquidity Ratio is the ratio of liquid assets to the net demand and time liabilities. ✍️ LAF Liquid Adjustment Facility is a tool to allow banks to borrow money through repurchase agreements. It consists of repo and reverse repo operations. ✍️ MSF Marginal Standing Facility allows scheduled banks to borrow funds overnight from RBI against approved government securities. ✍️ MSS Market Stabilization Scheme is a monetary policy intervention by RBI to withdraw excess liquidity by selling government securities in the economy. ✍️ OMO Open Market Operations refers to the buying and selling of government securities in the open market so as to expand or contract the amount of money in the banking system. ✍️ REPO Repo stands for Repurchase agreement where a seller of a security agrees to buy it back from a buyer at a
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