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. Using a credit card regularly, and paying the bill on time, is one of the easiest ways to build your credit history and develop a strong credit score. A study on the importance and popularity of plastic money. Now coming to your concern how dependent should should be people in india. In the last decade, plastic has affected the health and life of human beings very badly.
Payback method is easy to calculate and simple to understand. Demonetization essay pdf essay on demonetization pdf india 2000 words merits of demonetisation. Generally, quantitative methods are fairly inflexible. Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. A mixed economy is a golden mean between a capitalist economy and a socialist economy. Conclusion of merits and demerits of plastic money. Merits and demerits of plastic money based on experiences of. Visit the branch of any commercial bank and write a report on various functions performed by the bank. Plastic money has brought a revolutionary change in the economy.
What are the demerits and advantages of using plastic. Study of merits and demerits of plastic money based on experiences of people. The demonetization policy will help india to become corruptionfree. Coeducation merits and demierits i introduction ii history of coeducation. To analyse the risk factor involved in the usage of plastic money and legal protection available to card holders. 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. Based on experiences of peoples introduction introduction to plastic money plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services.
Advantages and disadvantages of internet essay points student. Read this article to learn about the mixed economy. 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. With a history of plastic money, you cannot ignore charge cards. Plus point of plastic money is that you wont have to carry your cash around all the time. Merits and demerits of market economy economics essay. So just play carefully with the tiny plastic thing that is placed in. Analysis the use of plastic money in hyderabad city, sindh province. The seven advantages of plastic money called as the credit. To judge the comparative spending pattern of active and inactive card holders.
If the money is backed by something of value it is ok. Plastic cards can easily fit into the wallets without making the wallets bulge out as it is the case when carrying a huge amount of cash. The term plastic money refers to the hard plastic cards which are used instead of actual bank notes. Demonetization essay pdf essay on demonetization pdf india. Lenders like our credit card reliance and have cooked up many ways to help you get the most from your credit card. History of credit cards and debit cards in plastic money credit. Merits and demerits of plastic money based on experiences. Unbacked money has always collapsed within forty years. Paper money also picks up dirt and stains more easily than plastic money. Current situation of the world should be kept in mind as it would be difficult for a women now a days to survive in a male.
If a country uses paper money, it need not spend anything on the purchase of gold or minting coins. So far ive been sounding like a nice, pleasant bank executive who is convincing you to open an account. What are the advantages and disadvantages of money. Pdf the significance of plastic money to the hospitality. At first, the meaning of economic growth rate and how it can be formulate and calculate should be explained. Currency notes, therefore, are the cheapest media of exchange. Plastic money also keeps track of the transactions as they are incurred along. Plastic money is also known as polymer money which was first introduced in the 1950s has reduced the risk of carrying huge cash. Plastic money definitely provides an alternative in some cases and compliments cash as a medium.
The usa is now in its 42nd year since nixon abolished gold backing, and is in the fifth year of a slow noisy collapse. Its quick computation makes it a favourable among executives who prefer. Merits and demerits of plastic money based on experiences of peoples free download as word doc. What are the merits and demerits of attempting to achieve a faster growth rate in this country. But if we observe the present day problems we find that money also played an important role in creating and promoting these problems. A study on the importance and popularity of plastic money in. Jul 06, 20 if the money is backed by something of value it is ok. What are the basic requirements for study abroad programs. It is an economic system where the price mechanism and economic planning are used side by side. What are the advantages and disadvantages or merits and demerits of gold standard. Study of merits and demerit of plastic money based on. Plastic money its technical and monetary importance educba. The conclusion highlights the common problems that market makers in all of the countries faced, but it also emphasizes the differential successes and sometimes different paths and sequences of events that accompanied the development of card markets in the eight countries.
Adavantgaes and disadvantages of plastic money india study. Chargit chargit was the first actual bank card and was issued in 1946. In conclusion, the market economy leads to periodic economic crisis, where all of the disadvantages expand in a way that all of the advantages above will be completely dried. To study the benefits of debit card and credit cards.
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. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handlings a huge amount of cash. They can come in many different forms such as cash cards credit cards debit cards prepaid cash cards instore cards 3. Dec 16, 2017 like everything, plastic money also has its own merits and demerits. Respondents taken for this study are those who are using plastic money in their daily life. To trace out the origin and development of plastic money. This is a complete essay in points about using internet in which well discuss all the advantages and disadvantages of internet for students. Plastic money had fascinated me from a long time and i was curious to go into the.
We should wisely use it keeping all the below points in mind. Your credit score is a measure of how creditworthy you are that is, how likely you are to pay money back on time when you borrow it. Project report an analysis of the use of plastic money in. 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. Gold standard had worked successfully in different parts of the world between 1816 to 1914. The study also tries to find out the role of member establishments in the progress of plastic money in india. Charge cards laid the groundwork for debit and credit cards. What are the advantages and disadvantages or merits and. 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.
Even the phenomenon has caught the imagination of petrol cards for selling petrol on credit to its borrowers. With quantitative methods such as surveys and questionnaires, for example, researchers ask all participants identical questions in the same order. 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. Money, money everywhere but is there really any to actually spend. A study on the importance and popularity of plastic money in aluva doi. S revealed that over 33 per cent of americans owns two credit cards. It is meant to the used in place of coins and banknotes for the purpose of making electronic payments of small amount fsa, 2001.
An analysis of the use of plastic money in chhattisgarh chapter 1 introduction money is regarded as a medium of exchange and payment tool. Yes, the advantages of plastic money over cash has made it a best friend of many. As a good couple of generations have become accustomed to give into our impulses of must have it purchases with credit cards and paying for it later, and now the piper has come calling and wants his money now that piece of plastic as that binding guarantee repayment created havoc to individuals and companies alike. Money one of the most important factor for living life. These cards mainly just kept customers loyal to the company. Where will be my accommodation during the study abroad program. But governments have always reneged on the deal and slipped the people counterfeit money. Conclusion of merits and demerits of plastic money 1500542 plastic money is the special term used for the hard cards in banks instead of normal paper money. However, plastic money has its share of issues that one must be careful about. Conclusion study the merits and demerits of plastic money.
In the study, we are typically focusing only on credit cards and debit cards in order to find out the effectiveness of such cards in real life and factors affecting the. Share your knowledge share your word file share your pdf file share your ppt file. The conclusion highlights the common problems that market makers in all of the countries faced, but it also emphasizes the differential successes and sometimes different paths and sequences of events that accompanied the development of. Peter, a young mba graduate joins a large software firm as a business development executive. Dec 10, 2017 it gives me immense pleasure to take the opportunity to all the people who are directly or indirectly involved in the completion of my project based on study of merits and demerit of plastic money based on experiences of people. Pdf analysis the use of plastic money in hyderabad city. Technology has changed the way we deal with the purchase of goods and services in daily life.
While using plastic money modern technology is used for digital transactions. What are the merits and demerits of attempting to achieve a faster. Plastic money, unlike paper money, will not burn easily and can resist higher temperatures than paper money. It can definitely not be denied that various forms of plastic money like credit cards, debit cards and others have made life. 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. Merits and demerits of qualitative and quantitative procedures psychology essay. Following are the findings that are drawn from the study. 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. Most of us use plastic money today, but it is necessary that we clearly understand the merits and demerits of it. Merits and demerits of qualitative and quantitative. What are the constraints normally countries face in achieving a sustainable economic growth.
It gives me immense pleasure to take the opportunity to all the people who are directly or indirectly involved in the completion of my project based on study of merits and demerit of plastic money based on experiences of people. A study on the importance and popularity of plastic money in aluva. The banking sector is in a transactional mode towards a vibrant global market and sophisticated information technology. An analytical study on use of plastic money in india. Easy to handle it prevents to carry out heavy wallets, hence, reducing the chances of theft. Respondents taken for this study are those who are using the plastic. The money as medium of exchange played an important role by having put to an end the demerits of barter system. The results of the survey carried out in december 2017 in the u. The loss which a country suffers from the wear and tear of metallic money is also avoided. In this fast age life of every human who is using mobile, tablet, computer or laptop is meaningless or bore. Conclusion study merits demerits plastic money jobs. Collect, comprise and analyze the recent data obtained from newspaper related to repo rates of credit control announced by reserve bank of india.
The study sought to investigate the significance of plastic money to the hospitality sector with the rainbow towers group of hotels as a case study. 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. The plastic is not porous which means they do not absorb moisture and dirty a huge benefit in hot, humid countries. To study the awareness and use of plastic money among the consumers 2. Plastic bank notes are made from a polymer, and have many advantages over the traditional paper notes. It can definitely not be denied that various forms of plastic money like credit cards, debit cards and others have made. Those indulging in taking bribe will refrain from corrupt practices as it will be hard for them to keep their unaccounted cash. Let us make an indepth study of the merits and demerits of payback method. Both abhishek menon and prithvi chatterjee have written answer to your question quite correctly. Hsc xii projects list commerce 12th std projects list. Conclusion study the merits and demerits of plastic money ask for details. The studies say that rbi spends close to 2500 cores on simply printing approximately 17. The key difference between quantitative and qualitative methods is their flexibility. Plastic money aka polymer money is made out of plastic and has formed an important part of our daily life these days.
It was in the 1950s the concept of plastic money came into being. To study consumers reasons for preference of plastic money over hard cash keywords. Conclusion in the last two years, spending pattern through plastic. Plastic money is one of the most common reasons for it. If you are clever, you can make use of the cards but not everyone can be clever. A study on the importance and popularity of plastic money in aluva bindu p. Like everything, plastic money also has its own merits and demerits. Like conventional money, plastic money can function as a medium of exchange, a unit of account and a store of value. For example, cash cards, debit cards, credit cards, prepaid cards, and store cards. To study the procedural aspect in the operation of plastic money. Initially barter system was used as the significant mode of payment.
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