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lef"V&vFkZ'kkL=k osQ fl¼kar
uksV
D;k vki tkurs gSa cksey dk fo'ys"k.k ysu&nsu 'ks"kksa dh ek¡x osQ O;ogkj osQ izfr ,d vkSj egÙoiw.kZ rF;
dks y{; djrk gSA
bl leL;k dks gy djus osQ fy, vko';d gS fd o"kZ Hkj&udnh&'ks"kksa dks j[kus dh ykxr U;wure j[kh tk,A
udnh&'ks"kksa dks j[kus esa C;kt&ykxrsa vkSj xSj&C;kt (non-interest) ykxrsa lfEefyr jgrh gSaA tSlk fd ge
igys gh ns[k pqosQ gSa C;kt&ykxrsa volj ykxr osQ :i esa gksrh gSaA D;ksafd tc dksbZ iQeZ ysu&nsu osQ fy, udnh
j[krh gS] rks mls C;kt&vk; NksM+uh iM+rh gSA nwljh vksj] xSj&C;kt ykxrksa esa udnh dks ckaMksa vFkok ckaMksa dks
udnh esa cnyus osQ fy, nykyh] Mkd&O;;] cgh[kkrk O;; vkfn ensa 'kkfey jgrh gSaA
bl izdkj] tc dHkh dksbZ iQeZ ysu&nsu osQ fy, eqnzk j[krh gS] rks C;kt&ykxrsa vkSj nykyh (xSj&C;kt ykxrsa)
mBkuh iM+rh gSA eku yhft, C;kt dh nj r gS rks o"kZ Hkj osQ fy, fLFkj eku yh xbZ gS vkSj nykyh b gS ftls
Hkh fLFkj eku fy;k x;k gSA eku yhft, fd o"kZ osQ izkjaHk esa iQeZ dh vk; Y gS tks blosQ }kjk fd, ysu&nsuksa
osQ okLrfod ewY; osQ cjkcj gS vkSj K varjkyksa ij izR;sd ckj fudkyh xbZ jkf'k dk vkdkj gS tks ckaM cspus
osQ le; fudkyh xbZ gSA bl izdkj] o"kZ Hkj esa Y/K ckj jkf'k fudkyh xbZ gSA o"kZ osQ nkSjku nykyh ij b (Y/
K) ykxr vk,xhA D;ksafd vkSlr udnh fudkl (withdrawals) K/2 gSa] blfy, udnh 'ks"k j[kus osQ dh
C;kt&ykxr rK/2 gSA bl izdkj ysu&nsu djus dh oqQy ykxr vFkkZr C dks lehjd.k osQ :i esa bl izdkj
fy[kk tk ldrk gS %
C = r K + b Y
2 K
K dk b"Vre ewY; og gksxk ftlls oqQy ekylwph dh ykxr U;wure gks tk,A K osQ lacaèk esa C dk foHksnhdj.k
djus ls O;qRiUu dC/dK 'kwU; osQ cjkcj j[kus ls vkSj C dks gy djus ij gesa miyCèk gksrk gS]
dC r –by
= + = 0
dK 2 K 2
r bY
vFkok] = 2
2 K
2
vFkok nksuksa i{kksa dks 2K /r ls xq.kk djus ij gesa izkIr gksrk gS %
K = 2bY
2
r
K= 2bY
vFkok]
r
Lo&ewY;kadu (Self Assessment)
fjDr LFkkuksa dh iw£r djsa (Fill in the blanks) :
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1- osaQ”k }kjk izLrqr eqnzk dh ysu&nsu ek¡x esa us egÙoiw.kZ ;ksxnku fn;k gSA
140 LOVELY PROFESSIONAL UNIVERSITY