Quizzes can be a good medium to generate value

There has always a good debate on the meaning of the term value. The central reason behind so much of brain struggle behind this topic is that defining value exactly has never been easy but always been of a great importance to humanity. Value works everywhere, let it be business, science, technology, anything.
It could be said that value is sometimes a stray synonym to addition, the surplus part. What ever you can add to anything is a value. Indeed this addition is the profit, the extra piece.
So can quizzes be valuable? Of course, why not. A perfect business model can add value to any other gaming model, mathematical, or real model. This is the philosophy on which square root quiz is actually based.
The central idea here is to add value with the aid of people. When you answer a questions on square root You actually add a value to its price and make it more valuable. And this extra value is generated by your mind, by something that you know.
This value addition is not only for the case of prices of the questions rather it is more significantly on the margins of the questions. It is so because margin is the actual thing that any user actually earn and this also keeps changing value. Every right answer increases the price and decreases the margin. Every wrong answer decreases the price and increases the margin. This is a perfect balance which any publicly available quiz should possess. In fact this the competitive factor that must be vested in a real business model.
Above all any business model that keeps adding up value and redistributing it based on competition, is perfect.

How much should you spend on Advertisement

Every startup has this questions creating troubles. Is there any really proven scientific model that could decide your advertisement budget. Here in this article we will discuss a model that is generally used by many businesses to determine their ad budget. This is a theoretical model and must be appropriately adjusted based on your situation.
So we start like this, first of all calculate your minimum and maximum allowable ad budgets. For this, take 10 percent and 12 percent of your projected annual, gross sales and multiply each by the markup made on your average transaction.
Let us understand here what markup is actually, suppose you sell an item for 225 Rs, and its cost is 150 Rs then here your markup would be 50%, You should note down that mark up and margin are different, in the above case your margin would be 33.33%.
Now you should deduct your rent and other fixed expenses from this 10 and 12 percent of projected annual gross sale multiplied by mark up. The figure will represent your lower and upper advertisement budget limit.
Let us understand by a case study, suppose you sell an item that costs you 10 Rs and you sell it for 20, then here your markup would become 100%.
Now suppose you are targeting annual revenue of 2 Million, then 10 and 12 percent of 2 Million would become 200000 Rs and 240000 Rs.
Now multiply this 10% and 12% by your Markup which is here 100 % so it would be equal to 200000 Rs and 240000 Rs.
Now suppose your annual rent expense is 60000 Rs then your lower and upper Ad budget should be 140000 Rs and 180000 Rs.
So if you are expecting a revenue of 2 Million by the sale of a product that has mark up of 100 %, then your ad budget must be some thing between 140000 Rs to 180000 Rs.

How to determine Advertisement budget for your business

To determine the ad budget we must first of all find out the frequency of buying for the product, this means we should estimate after how many days the product is re purchased by the buyer. After this find out the market size of the product in terms of number of consumers. Then find out the reach of advertisement media and the profit margin on the product.

Suppose, reach of advertising media=200000 people.
Frequency of product purchase= 150 days/ year/user
Market size of product>1000000 people
This means we may expect 100000 potential viewers of ad on any day as people buy product every 2 nd day approximately, we are simply saying people will buy if they need and see it.
If the profit margin is 10 rs, then ad budget should be less than 1000000 Rs/ day for a media with reach of 200000 people.
This should also be multiplied with market share of brand, suppose market share of brand is 40% then this will become 400000 Rs/ day.

What is the significance of perfection of a bank note?

By:Manish RaiDate:2018-03-30
Do you know that all the value of your bank note only lies in its perfection and nothing else? These days we don’t have gold backed economy neither silver backed, and the strip on your bank note is not made of any such material which has equal market value as the value printed on that bank note. This is the world of fiat money now and it’s totally the decision of the central bank and government on how much cash should be printed. So the real question that we have now is what governs the system of money?
The answer is that it’s the perfection of printing it and the efforts of government and administration in protecting its rights governs the system of money. So is the perfection really that much significant. Yes, of course.
It is significant because you need focus and attention to identify it, and in a democratic world in which we live, we only need focus and attention to protect our self, to get what we want and achieve what we can. The system wants to teach us this truth. Perfection is a symbol of truth and it’s the responsibility of government to teach us this fact and it does so. Now a day, we don’t have reigns and kings, everybody is a responsible citizen and we all are guided by perfection. The minister, presidents, judges, everyone who looks like administrator to you is chosen by you directly or indirectly. This clearly means that it’s the perfect system, which we have, rules us. We want to show it through the symbol on the bank note. This clearly lead us to conclude that truth does exists. It’s clearly visible to those who are in a higher consciousness and with some haze to those who are not, but it controls everybody. That is what our economy is based on. Cash is just a promise, and you must make it in a perfect state of mind so that you can fulfill this promise. This is the reason that we do business with it. Those not valuing this promise will become poorer each day as they will just keep spending and will not earn anything. When you buy something you need you promise the merchant that someday I will return its value and earn the cash back, cash is just a document of lending, instead of saying that you purchased the value you should say that you lend it and you have promised to return it through cash. When you will return it you will take the cash back that’s all the game. Though we often call lending as buying and returning as selling. All this is due to skepticism spread by market o boost capitalism or in other words to boost crony capitalism. The aim is to make few people rich by creating delusion. To protect your status in the economy learn the true definition and to make world a good place spread this definition to others.

Who makes the promise on your bank note?

People often get confused in deciding that who actually makes the promise that is written on a bank note. Is it the merchant or the buyer or the government or the central bank government? Or is the person whose image is printed on the bank note. This question is also important because as we said in many other blogs on this site that a bank note is just a document of lending, a document of lending the value which you are taking for exchange of this document. And one should clearly know that who is actually making the promise written on the bank note, because it’s actually his liability to return it.
Though the bank note is guaranteed by government it does not mean that government is promising, government is guaranteeing the promise, through the signature of the governor of its central bank. And it’s actually the buyer who is making the promise. It is so because he is actually taking the value. If he will not return it and take the document (the cash) back it’s him who will become poorer because whatever value he took in exchange of the bank note is a value which can be consumed and of course it will come to an end some day.
So does it means that the bank note will not cease, well quite of, though the bank notes are also replaced, but the economic system remains the way it is. If it is not unstable. And since it is governed by people it is stable. If it will become unstable then only by the mistakes from everyone, the economy of a nation is a result of mutual cooperative work by everybody participating in it.
In a democratic world of today we or the people choose the government representative also, the decisions of this representative shapes the government and it also affects your life, so it clearly means that the way you treat this promise shapes your life as well. One must not break this promise if one really wants to live a peaceful life. So if your life has some unrest recall all those services you took from the world and try to pay them back, better you will pay them back better you will pay them back better your life will be. There is nothing more valuable than peace, in life. We usually call this promise as earning, now answer yourself, don't you feel good when you earn?

What is a Credit?

By:Rajendra Narayan Rai SuhawalDate:2018-03-21
If A gives credit to B, This happens.
A does some work, this work is money and must have some market value. When B takes it in exchange of cash then B lends it from A of behalf of cash which we call as document of lending. This Bank note carries a Guarantee that the lender (or the buyer) will return the bearer of the bank note (the seller), his work in future and take his bank note back. So we can say that a bank note is just a note of promise guaranteed by the Government. This clearly means whatever you buy, is actually a credit, not just the credit that you get from your bank. If you will not return this credit and earn the cash back, you may become poorer everyday, contributing to the poverty of the nation as well, this happens because consumerism a habit that gets developed over time and is very hard to leave . Government guarantees your promise because it considers its people as the nation builder (In a nationalist government) or a Society maker (In a socialist government). Through business and mutual exchange of values it is aimed to make a nation.
Now let us see how bank provides credit. Obviously bank gives credit on some security. Now here the bank considers an individual as the one who should take guarantee. For example, a businessman. This means this individual must act somewhere similar to the government. It must have administration, policy executors, and decision makers within the company, it must also make appropriate policies. This clearly means that even companies work like a small government just with a different aim. Their aim is more capitalist and less political.
So it clearly means that a company must also do business within it's workers just similar to government. And doing so it should always be aimed at increasing its workforce in order to increase its market. Only the firm honesty and ethics can build such environment.

Should we value labour by money?

By:Manish RaiDate:2018-03-20
It must be noted that when we give someone currency or cash then we actually take his work. Similarly when you take the cash back you give him your work. Since money is considered stable in ideal economy(An ideal economy is one where inflation does not occur), it should not be valued with something as unstable as product. Work or more specifically the skill is similar to knowledge, and if preserved it can be stable. And to exchange this skill you pay, this payment is in the form of promise written on bank note or currency that you will preserve this skill. This clearly means that in an ideal economy bills should only be exchanged for skills, this also means that only education should have monitory value. But what about labour then? Here comes the problem when you pay bill of promise or document of lending whatever you call it for the exchange of labour you somewhere promote slavery. This clearly means that the buyer of the labour will have to pay the seller with the labour back and take his cash, or else this will mean that the buyer will become poorer day by day. Because we know that physical work is a habit and once not practiced it becomes even more difficult to do it. This always keeps creating a fluctuating economy inclined towards one class at a time and towards the other class at some other time. Though the aim of economy is to achieve a stable ground, so that knowledge exploration can be achieved. We all will agree that we are not here in this world to play economic see- saw but we all are here actually to gain knowledge. It’s not the game which is beneficial for us but it is the knowledge. Games are meant for kids but economy is a serious matter. To solve the problems of labour we created machines, machines are also the outcome of a skill.
This clearly means that the paying for labour might be our obligation but it is not the solution, we are not meant to promote this rather we are meant to find a solution. This exchange of labour with money makes the economy more complicated and delusional, this delusion decreases the trust on a currency and the value of the currency falls. We can not judge labour or physical work by money. If we do a deep introspect we would find that physical labour of humans can never be judged by debts, it will just make everyone way more poorer. This is the reason we got rid of slavery, we revolted for it. And now what we are again moving towards economic slavery, but why?

How money works between government, people and politics.

By:Vishnu guptaDate:2018-03-24
We all know that government is a concept, not any physical identity, neither a living body. It can be said that only rules and law of a country, or more specifically the constitution can define government. But people or at least and individual is a living being, a human. Anybody who represents the government is also a living being. Let us analyze how money works between these two parties, the government and the people or an individual.
People create value through their work, government collect taxes on this work, since most of the transaction happens in cash, it simply means that people promise government to keep the creation of more values in order to build the society or the nation. We already mentioned at many places that you give cash means you give promise. But you give this promise for what? What have you taken? You have provided value to the society and hence you earned, then why are you paying taxes.
It can be said that this is the kindness of an individual, he serves a country, then he earns this means he takes promise from those who take his service and then he promises the government to serve more. This clearly means that an earning individual is actually a real nation builder.
If you think that government provides you security and for this security you are paying tax to it, then you must also notice that security is also provided by group of individuals, let it be physical or cognitive. Even a government employee take bill of promise, i.e cash, from the government department and serves the nation, in return he also pays tax, this means he promises that he will keep doing this service. But the major question still remains the same, why, why are we so obliged. We are producing value and we are promising that we will produce more.
For answering this let us first of all try to understand what the government means actually, if you think carefully you will discover that government represents a nation. A big piece of land which we call as country, it has its own sovereignty. Now what is this nation? We can clearly differentiate between India and Pakistan, USA and UK. But how? one the basis of Religion, Ethnicity, Environment, Culture, History, Law or Language ? Well, probably all of them.
This means that we are promising these features that we will keep protecting and serving them, It has kept us integrated in past and in present as well, so we are obliged to them. Though they are more cognitive in nature, but still we want to believe them as real, because they do help us in reality. When individual fell prey to the nihilism of life, these features help him overcome it. If you really find life irrelevant then try to understand these subjects in deep, you will definitely be able to resurface. Read History of your country, try to understand people around you, try to know the rules and try to understand their relevance, Understand your culture, practice your religion, if you live in a secular nation then you may also develop some interest in other religion, You will definitely find it helpful. Once you will recover you will develop a feel of respect for them and you will be obliged. I hope you now understand it clearly why we pay taxes and how money works between people and government.

The ideal credit policy

Something which must be considered most while assigning credit is the security. This means, before giving credit one must try to research what is the most secured asset on which credit should be given. Now answer me one simple question, can there be anything more secured than law, in terms of politics. Governments may change, but law is protected by democracy and almost 70 percent of the world now follows democracy and protects it. So in my opinion law is a security if you think politics.
If you consider nature then land is the most secured asset. If law is safe then we may conclude that land is also the most secured asset. Reason is, because it has infinite useful life, it cannot decay. It has almost zero depreciation. So if an economy is based on these two then it would always be the most stable economy. A protected legal system which is secured by democracy and safe natural asset, i.e land.
The growth of such economy will be decided by development of land. And with the increasing population development will always be in demand. This demand will make sure that the value of land will be on rise always. Security and demand, what else does an economy needs to grow? This is the reason that in a developing economy land is the most valuable asset.
So if we consider above facts we can say that an ideal credit policy in such economy will be to provide credit not only on the present value of the asset(here land) but also on its future value, if a business seems to be growing and has a good future prospect. For example, suppose cost of a land now is a million per acre and from the history of land records we can estimate that the rise in land price 10% per annum then we can estimate that it may become double in the next 7 years. In such case any legal creditor, for example a bank, may provide a credit of 2 million for the next 7 years, if it finds a business which has nice future prospect. A good research work will be required and it will be a win win situation for all. Though this definitely don't mean that the inspection of the business should not be done after providing the credit. Care also must be taken to keep the credit asset progressive.

Challenges of Economy

The major challenge of today’s economy is to create a value which is cognitive in nature. Because that is the only value which can be protected and bank can issue a note of promise on behalf of that. Everyone needs this note of promise which we call as cash, though we understand this as money but it is actually a document of lending. So here the question arises that what is money? Money is actually the value of the skill for which the note of promise may be issued. So is service the money? May be not if we think that the service belongs solely to the servant. Because this is a truth that servant will die one day.
But will the service die? Probably not. But only if passed on to the present society, so that it may survive in future as well.
We know that currency is a note of promise. Promise that the value or the money(here we are calling the service as the money)will be safe in the hands of consumer. Isn't this strange! Safe In hands of consumers? Here consumer is the bank of values, producer creates the money, so what role does the actual bank which we know as bank, play in this?
Money produced by the producer is safe in the hands of consumer. Why the producer himself does not guard it? And whatever producer is handing off to the consumer is that really the money? Because we said that money is the service that does not die. Is the producer really giving the value to the consumer, the service which can never die.
And what about the item or the product which the consumer recieves?
Lender or the buyer gives the document of lending(i.e cash) to the producer for his skill, Even his product houses the secret of his skill. If someone has a skill of making a nice Indian curry then even his product when served to the customer can reveal his skill to the consumer. So he is lending away secret of his skill to the consumer in exchange of note of promise issued by bank. We usually think this of as money but as I already said that it is the document of lending. The guarantee that it covers simply mean that consumer will not waste his skill and keep it safe and when the seller will ask for that skill or service back he(consumer) will return it and will take his bill back. But does this really happen ? Can we say that we are living in a just and fair economy ? May be not and this is why we have a heap of debt on the whole world. We really need to repay what we consume and building such an economy should be the major challenge of the economy.

Truth about your bank note.

Suppose A has some valuable item, for example a nice fashionable stitched shirt and B wants it. When he will ask for this shirt A will demand 500 Rs for it. Now suppose B doesn’t have that value (500 Rs) but he still wants it, what can he do?
He can either beg for it, or take it on a promise that he will provide A with 500 Rs. In either case all he can do is to take the shirt as a credit. Now credit is provided when you are credible, if you don’t have credibility you will not be provided with credit. In market nobody is so credible that a merchant can give him any value without trouble, except the bank and the government.
Here the bank note plays the role, a bank note is a promise for lending valuable items from the market, or else it has no intrinsic value. Your bank note carry four aspects of credibility, first the guarantee by the government, second is bank guarantee (through the RBI Governor’s signature), third is the image of Mahatma Gandhi, and the fourth or the most crucial one is its identity.
The first three aspects are controlled through administration and the fourth one through the perfection of printing it. But for a common man fourth one is important for taking immediate decisions. It helps the common man to identify an original bank note. The watermarks on the bank note, alignment in printing it’s both sides. The Ink and the paper touch and feel etc.
So you can clearly see that what you think as money is actually just an accountancy of the market. A real world record of who took credit from whom and how much, money has just the relative value. There is more politics involved in than what you expected. On the basis of above explanation you can clearly understand that your actual money is the value which you create. Rest all is just a record of your karma managed by the market. So if you really want to create money and raise quality of your life believe in your skill, honesty and work.

Understand your bank statement

By:Neera RaiDate:2018-04-02
When you deposit money in your bank account it is entered in to credit section, and when you withdraw it goes into debit section, have you ever wondered why? After all its your money you did not took credit then why depositing money gets entered into credit section?
This is all the trick of money which I have been explaining in this blog from start. Money don’t works the way general people think. As I already said in many blogs, that the cash which you think as money is just a bill. Or more specifically the document of lending. Money is the value. Taking and giving cash means taking and giving promises that the value which is exchanged will be paid back. The same thing happen in bank account as well. Bank does the task of securing our money, investing it wisely and keeping its record. This is the value which bank gives us. And when we are depositing money into bank we are actually promising the bank that we will also try to learn this process of business. We will secure, keep accounts and invest. But since right now we are busy doing something else we are taking this service from the bank. That is why when you deposit it goes into credit column, means you took the service and when you withdraw it goes into debit column this means you fulfilled the promise and this is why bank is paying you. Banks are most honest to do this activity immediately. They don’t ask much questions they just check your identity and signature.
Very few people understand money in this way, it’s just a measurement of value. Nothing else. Whether it is in bank account or in form of cash, or in form of some other article in the market with some price tag. It’s all just the number. But to do productive work one should have this definition of money or he will just keep spending and becoming more and more poorer. This will cause him hallucination, ego death and at worse people end up being criminal. Money has more to do with the mathematics and less to do with the greed or richness. Those who can understand this definition are blessed those who are not face trouble, specially related to behavior.
Always remember, spending means promising and if you will not fulfill the promise you will become poorer each day. Similarly earning means fulfilling promise it makes you rich and respectable as well. Though on the verge of ethics I personally believe that all the value you created should not go into account book, and that s what we call as free service. But still if you treat it with mathematical laws it’s not bad because mathematics is not evil. But I think it’s possible that universe is not governed by mathematical laws, though scientists and mathematicians are yet to find it out. We will wait till then.

Why do we need money?

The most important need of money is need of self esteem. Money is your respect in the society or if we say more specifically, it is your credibility in the society. Whatever you buy from that piece of paper which we all know as currency is actually the credit you took from this world. That is why the bank note with a guarantee of promise, “I promise to pay the bearer a sum of xyz rs”.
It clearly means that this xyz rs is the value of that item which you are taking as a credit on behalf of the promise that you will return it at some time in future. A very important question here may arise that whether people really do so. Do they really return whatever they buy from money and earn their money back?
Well, the answer is that if they will not do so. Ideally, they will become poorer. If someone, like an organization or government will help them it will become poorer as well, often to help the poor in its country government tries to print extra money, and as a result the value of the currency decreases with respect to other currencies and this means that whole nation has become poorer.
To understand this, just imagine what will happen to a person who only spends and don’t earn. This clearly means that he took all the credit and didn’t return it. Obviously he will become poor. Now let us see what the relevance of the bank note here is. A bank note is actually the keeper of this promise; it tries to make the promise secured by manipulating the economy of the nation.
If there are more consumers and less producers of the value then the debt on the bank or the nation will rise, because bank and government will not be able to provide enough free value to its people.
The value provided by bank is the security of the promise written on the bank note. If it will not be able to do so the debt on it will rise causing inflation in the whole economy. Any person who earns money or in other words, is able to return the credit he took from the society or the market, will also become poor in such situation of the economy, this will either decrease his productivity, or as a reaction he will increase his profit margin, thus leading to inflation, crony capitalism etc. This clearly indicates that the actual reason behind the inflation and crony capitalism is the increase in consumerism.
Let us consider example of an advertising business. Suppose some product company hire some popular personality for promoting its brand. Obviously it will pay a lot of money for this. Now if the brand does not gets as much popularity as that personality the brand may not be able to earn. This clearly indicates that when you are paying for something it is necessary that you get that value as well so that you may distribute it among your customers. It means the brand must become that much popular. So that when the customer of the brand purchases the product he also gets his share of recognition among his circle. The product company is actually sharing the brand of the personality among its customers in this whole process. If it is not able to do so the business may be called a failure. The company actually acted as a medium of distributing the respect and recognition of the personality among its customers.
Now let us look at the value of currency. A currency also holds the value of trust. So taking currency from someone without giving him any value is like taking the credit of trust. This also means that you will have to repay this trust to the issuer. Here the bank or the government (who certify the currency) respectively becomes that agency whom you will have to pay the trust back. Government expects a common citizen to follow law and order, and bank wants economic growth in form of credit interest so as you are indebted to both you will have to do so. If you don’t then bank has the right to sell the security against which you took credit. Overall you will end up being even poorer. So does this all happen automatically on its own? Well, the answer is yes, and the reason is because money is actually value of the services. Value flow is a natural process. Value is actually happiness and comfort and it may act on its own.

The crucial role of banks in any economy.

If you see through eyes of ethics you would find that banks are way more important for any economy, way more than even the government. This may sound really hype in first reading but if you think on a whole economic model you would find that there is no other institution which is doing as relevant work as the bank.
A bank is not just a place where money is stored and secured, in fact in a sense it is a place where whole value of the nation is preserved and secured. Let us see how.
We all know that for doing any work in today’s world integrity is must. No one can do, or create anything without the help of others. It may be a matter of choice that in what form he/she takes this help. Whether it is in form of physical work, or mental, or in form of some machine or fuel. We all are a part of society which we call as world. In today’s global economy a person living in villages of India is dependent on some white collar worker working in UK in some way or the other.
And when capitalism is mixed with this socialism we can see that every help become valuable in terms of money. The value of money gives value to every other commodity and services. Let us see how it works. Let it be government project or a private business, a work cannot become valuable unless it is done on credit. We understand that government is not aimed at earning profit. It is more aimed at doing development work and keeping law and order, and finally collecting taxes. This tax money is also deposited in banks just like in the case of any other private business. Contractors and private businesses also do government projects taking this money as credit and repaying it after the project is completed, the little difference is that they also keep their own profit margin. Government officials are overseers who keep eyes on these projects to prevent corruption.
In other words we can also say that government act like an engineer who gives contract and also look over the work. This definition is based on concept of treating social work as engineering or more specifically social engineering. The value of such work is managed by banks. Now let us see in case of some market or shop. A shop owner also takes credit from the bank to do service; the shop or market owners take revenue in form of cost price or profit and pay the credit of the bank.
But we are aware of the fact that all the materialistic developments depreciate overtime, this is a law of nature. Nothing can exist always, the roads build will cease to exist and the bridges will fall down one day. But banks preserve their economic worth in form of money. They preserve its value. Remember that material is not the value, value is inside the material. It is fixed inside the material. It is something cognitive, something in our feeling and our imagination, and that is what the bank is aimed at protecting. This may also mean that the bank is aimed at protecting the knowledge, or the form, or the shape, whatever you call it.
But wait the cognitive value cannot be fixed without material, for example a story needs pen and paper to be expressed, or may be some other audio or video mediums. But it needs to be fixed. So every value needs material as well. Shopkeepers do take price for that also, government collects goods tax along with service tax. Here comes the role of military that claims to protect the natural resources of a country. This is why Government protects land. This protection expenses are also credited by banks and is repaid by taxes from people
But now a day we have global economy, so do we really need government to protect material or environmental resources? Do we really need military? Probably the nature is itself capable of protecting its resources. So it can be said that goods tax is there to protect political law not the natural resources. From Science we also know that matter is conserved, it changes form but never destroyed. This clearly means that natural law protects it. This again also mean that we or our bank is, again, just protecting cognitive subjects related to human mind and in name of matter it is just protecting the laws made by human themselves. Banks are just protecting human knowledge though we don't know whether that knowledge is even true or not, whether it is relevant or irrelevant. But at least it works for us. But when we look at the heap of the debt that we have created, we can guess that maybe that knowledge is not working for us. We are wrong somewhere or else it would not have proved us wrong.
So as far skill and knowledge is concerned we know it is beneficial for our living so we are interested in protecting it. But why are we protecting the law? We are not responsible for saving nature because as we said above that nature saves itself. This mean we are just protecting our region, our nation, that is why our government is collecting tax on natural resources as well, in order to protect our region our nation our sovereignty, we are protecting our law, but why we cannot have single law for humanity? Simply because we have our tradition, our own culture, our history, our memories for which we are proud of. As we already said that the natural role of bank is to create and preserve identities, and our history plays a very important role in creating our Identity. So we can think it as our ways to protect our history
But one may question whether identity is really so much important that we ended up creating search a heap of debt on us for it. Probably yes anyone who has experienced death of dearest one must be aware of this. Now a days we can collect every aspect of the deceased like his/her photographs, stories about him, his achievements, his work, family everything through various audio and video mediums. But we still cannot recreate his true or complete identity and this really becomes very painful experience. Humans, somewhere deep in their mind, are aware of this pain. Also, we feel somewhere the death is permanent this makes identity is valuable these experiences have created a desire and need for preserving identity in us. We can say that fear of uncertainty about death creates a need for identity inside us. Nation creates its identity majorly through politics, even a shop creates its identity through business, and all these mediums use the idea of keeping records just as bank does. So these all factors make the bank crucial for an economy.