September 17, 2026 – Nirmal's Blog

Total Utility, Marginal Utility and their relationship

Total Utility (TU): It is the total satisfaction obtained from the consumption of a given units of a commodity by a consumer within a given time period. In other words,…

Nirmal Tiwari September 17, 2026

Economics XI

Cardinal and ordinal approach of utility and assumption of cardinal approach

1. Cardinal utility approach: utility can be measured quantitatively or in number terms. Utility is measured in terms of Utils. This approach is advocated/developed by Alfred Marshall............

Nirmal Tiwari September 17, 2026

Economics XII

Central Bank and its function

Central bank is the apex (supreme) monetary institution of a country. It regulates, supervises, and monitor the other Bank and Financial Institutions in the economy. It’s main objective is ........................

Nirmal Tiwari September 17, 2026

Economics XII

what is Bank, its role and classification of banks

A bank is an institution which deals with money and credit. Its main business is to collect the scattered idle deposits from the public and channel it to needy people…

Nirmal Tiwari September 17, 2026