Choice based credit system (CBCS), or a cafeteria like system is the solution for this type of transformation from the traditional teacher oriented education to a student-centred education. The Choice Based Credit System (CBCS) was implemented for all UG, PG and M.Phil. Student may undertake as many credits as they can cope with (without repeating all courses in a given semester if they fail in one/more courses). It allows a little chance of revolution. The system automatically manages reservations from Choice, travel agents and Web sites, travel agent invoices, the night audit and other items. Benefits of a Cashless Society . Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA). As long as you have your card or phone, you have instantaneous access to all your cash holdings. The transaction processing system coordinates the warehousing and distribution of the item, the credit and bank transaction from the consumer's payment account and the business's management of inventory, sales, profits and payroll. Even the systems operating in the US, Japan, etc. Advantages of Bonds. Affordable Pricing User-friendly Features. Every paper is allotted a certain number of credits. Bonds have a clear advantage over other securities. In many organizations, assessing the creditworthiness of new and existing customers is an integral part of the sales process. Convenience isn't the only benefit. 18. Throughout this blog, I will be giving examples from the field of creditworthiness assessments. Under a barter system, there is absence of a proper and convenient means of storing wealth or value, (a) As opposed to storing of generalized purchasing power (in the form of money) in a monetary economy, the individuals have to store specific purchasing power (in the form of horses, shoes, wheat etc.) Since this system is based upon public will, there will be little to no chance of public revolt. Advantages of the choice based credit system: Shift in focus from the teacher-centric to student-centric education. The volatility of bonds (especially short and medium dated bonds) is lower than that of equities (stocks). 8. As per the experts, this political system seems to function as the first school for good citizenship, where individuals can learn about their rights and duties from birth to the time of death. Here are some other benefits. The dual chartering system provides a charter choice for credit union management to exercise based on available powers, geographic concerns, accessibility of regulators, regulatory philosophy, and costs. Advantages of Choice Based Credit System • The CBCS offers a ‘cafeteria’ approach in which the students can choose courses of their own choice. Thus bonds are generally viewed as safer investments than stocks. choiceADVANTAGE is so easy to use, new employees get up to speed much faster. This complex system has many advantages and disadvantages. Semester system is followed on Choice Based Credit System (CBCS System). Those with the technological ability to take advantage of a cashless society will likely find that it's more convenient. Two semesters are conducted in a year were a student’s performance gets evaluated and grading are done subject wise. 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