Banking Awareness - Deficit Financing

DEFICIT FINANCING
       It is a planned excess of expenditure over income. Most governments often spend more than they raise in taxation, the difference being financed by borrowing. it is used in economics to refer to a planned budget deficit incurred in the interest of expanding aggregate demand by relaxing Fiscal Policy and injecting Purchasing Power into the economy.

Capital and Currency - Brazil

BRAZIL

Capital : Brasilia

Currency : Brazilian Real

President : Dilma Rousseff

Language : Portuguese

Capital and Currency - Mexico

MEXICO

Capital : Mexico City

Currency : Peso

President : Enrique Pena Nieto

Language : Spanish

Sports Organization and Headquaters

Organization	Game	Headquarter
FIDE ( Federation International Des Echecs)	Chess	Athens (Greece)
FIFA ( Federation International de Football Association)	Football	Zurich (Switzerland)
IHF (Indian Hockey Federation)	Hockey	Lausanne (Switzerland)
ICC (International Cricket Council)	Cricket	Dubai (UAE)
ITTF (International Table Tennis Federation)	Table Tennis	Lausanne (Switzerland)

Capital and Currency - Cuba

CUBA ( Pet name : Sugar Bowl )

Capital : Havana

Currency : Peso

President : Raul Castro

Prime Minister : Raul Castro

Language : Spanish