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Hkkjrh; vkfFkZd uhfr




                    uksV                }kjk fuxZfer izfrHkwfr;k¡ csph ,oa [kjhnh tkrh gSA ;s izfrHkwfr;k¡ vR;Ur gh lqjf{kr gksrh gSaA
                                    •   dbZ ckj equkiQk u gksus ij dEiuh izsiQjsUl 'ks;jgksYMjksa dks ykHkka'k ugha ns ikrhA ,sls gkykr ls cpus osQ
                                        fy, dEifu;k¡ D;qeqysfVo izsiQjsUl 'ks;j tkjh djrh gSaA bu 'ks;jksa ij cdk;k ykHkka'k [kRe gksus dh ctk;
                                        bdV~Bk gksrk jgrk gS] vkSj tc dEiuh osQ ikl iSls gksrs gSa] rks fiNyk lkjk cdk;k ykHkka'k pqdk fn;k
                                        tkrk gSA tc rd bfDoVh 'ks;j ij dksbZ ykHkka'k ugha fn;k tkrk gSA vr% izsiQjsUl 'ks;j gksYMjksa dks dEiuh
                                        osQ ?kkVs ;k equkisQ dh ijokg fd;s fcuk vius r; ykHkka'k dk ges'kk ykHk feyrk jgrk gSA
                                    •   LVkWd ,Dlpsat 'ks;jksa vkSj izfrHkwfr;ksa (Securities) dh [kjhn&iQjks[r osQ fy, cuk ,d cktkj gSA fdlh
                                        Hkh vU; cktkj dh rjg LVkWd cktkj esa Hkh izfrHkwfr [kjhnus vkSj cspus osQ bPNqd yksx vkrs gSaA izfrHkwfr;ksa
                                        esa bfDoVh vkSj izsiQjsUl 'ks;j] fMcsUpj (Debenture) vkSj ljdkjh rFkk xSj&ljdkjh laLFkkuksa osQ ckW.M
                                        (Bond) 'kkfey gksrs gSaA
                                    •   ^MheSVhfj;ykbZts'ku* dh iz.kkyh ls 'ks;jksa dks dkxth nLrkost ('ks;j l£VfiQosQV) ls ^MheSfVfj;ykbZTM*
                                        ;kfu dEI;wVjhÑr :i esa cny fn;k tkrk gSA ;g ifjorZu U;kl/kjh ;k fMikWftVjh }kjk fd;k tkrk gS]
                                        vkSj fuos'kdksa osQ 'ks;j MheSV :i esa fMikWftVjh osQ ikl jgrs gSaA
                                    •   'ks;j cktkj lwpdkad dk eq[; mís'; cktkj esa 'ks;jksa osQ Hkko dh lexz fLFkfr o >qdko dks vkadukA
                                        lwpdkad ewyr% mu pq¯unk 'ks;jksa dk vkSlr gksrk gS tks yxHkx iwjs 'ks;j cktkj dk izfrfuf/Ro djrs gSaA
                                    •   Hkkjr esa udn cktkj dks lV~Vk (Ý;wplZ) cktkj ls vyx j[kk x;k gSA udn cktkj esa ftl fnu lkSnk

                                        fd;k tkrk gS] mlh fnu /u vnk dj 'ks;jksa dh fMyhojh ysuh iM+rh gSA blh rjg vxj 'ks;j cspk tkrk
                                        gS] rks mlh fnu 'ks;jksa dh fMyhojh nsdj iSlk izkIr djrs gSaA ijUrq Ý;wplZ cktkj esa osQoy lkSns esa gq,
                                        ykHk ;k uqdlku dk udn Hkqxrku fd;k tkrk gSA
                                    •   'ks;j cktj ij fu;a=k.k j[kus osQ fy, iwath fuxZe.k (fu;a=k.k) vf/fu;e] 1947 ftlosQ v/hu dEifu;ksa

                                        osQ }kjk iwath fuxZe.k dks fu;fer fd;k tkrk Fkk rFkk izfrHkwfr vuqcU/ (fu;eu) vf/fu;e] 1956
                                        ftlosQ v/hu 'ks;j cktkjksa dks ekU;rk iznku dh tkrh gS] lkFk gh buosQ lapkyu dks fu;fer fd;k tkrk
                                        gSA Hkkjr ljdkj us lsch dh LFkkiuk 12 vizSy 1988 dks fd;kA bldk izeq[k mís'; LVkWd fuos'kdksa dks
                                        laj{k.k iznku djuk rFkk dkuwuksa dk laxzg djukA
                                    •   lsch osQ ukS lnL;h; cksMZ esa ps;jeSu] rhu iw.kZdkfyd lnL; vkSj nks Lora=k fuos'kdksa osQ vykok rhu ukfer

                                        lnL; gksrs gSaA ;s rhu lnL; fjtoZ cSad] foÙk ea=kky; vkSj oaQiuh ekeyksa osQ ea=kky; ls vkrs gSaA lsch osQ
                                        rRdkyhu ps;jeSu lh-ch- Hkkos dh lsokfuo`fÙk osQ ckn iQjojh esa bl in osQ fy, ;w-osQ- flUgk dh fu;qfDr
                                        dh xbZ FkhA

                                  21-3 'kCndks'k (Keywords)


                                        • iaQMμlqjf{kr /ujkf'k dks'kA

                                        • cksYVμNykax] iQykaxA
                                  21-4 vH;kl&iz'u ( Review Questions)


                                    1. Hkkjr esa ik;s tkus okys iw¡th cktkj dk foLr`r foospu dhft,A

                                    2. Hkkjrh; izfrHkwfr fofue; cksMZ (lsch) dh dk;Zfof/;ksa dh O;k[;k dhft,A
                                    3. iw¡th cktkj ,oa lsch esa D;k laca/ gS\
                                    4. fuEufyf[kr ij fVIi.kh fyf[k,μ


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