IOSR-JBM   Volume-17 ~ Issue-2 ~ February-2015

Abstract:Lack of Emotional Intelligence among Undergraduate Students has been seen to have untold negative effect on their social and academic life. Therefore, this study adopted a descriptive survey research design. Simple random sampling method were used to select two hundred and ten Undergraduate students in Benue State University, Makurdi. The Trait Emotional Intelligence Questionnaire (Short form) developed by K.V Petrides in 2001 and the General Self Efficacy Scale developed by Matthias Jerusalem and Ralf Schwarzer
in 1981 with Chrombach's alpha of 0.76 were used and three research questions were answered at 0.05 level of significance. Data were analysed using the t-test statistical tool. There was a significance difference in the expression of Emotional Intelligence between low and high Self efficacious Undegraduate students, t-cal=2.226 (P<0.05), there was no significance difference in expression of Emotional Intelligence between males and female Undergraduates, t-cal=2.219 (P<0.05)there was also no significance difference in expression of
Emotional Intelligence between Undergraduates students that come to school from hostel and those from home, t-cal=1.832 (P<0.05).Therefore, seminars and workshops should be organise regularly by school Authorities for students because it facilitates students' academic and social growth.

[1]. Adeyemo, D. A. & Ogunyemi, B. ( 2006). Emotional Intelligence and Self- Efficacy as Predictors of Occupational Stress among Academic Staff in a Nigerian University. Electronic Journal retrieved from internet on the 12th, March 2007.
[2]. Bandura, A. (2000). Cultivate Self-efficay for Personal and Organisational Effectiveness. In E. Locke (Ed). Handbook of Principles of Organisational Behaviour. Oxford U.K. Blackwell
[3]. Belanger, F. (2005). Emotional Intelligence Contributes to success in Computing Studies. United press International. http:// www.physorg.com/news 6953.html
[4]. Boyatzis, R., Goleman, D., & Rhee, K. (2000). Clustering competence in emotional intelligence: insights from the emotional competence inventory (ECI). In R. Bar-On & J.D.A. Parker (eds.): Handbook of emotional intelligence (pp. 343-362). San Francisco: Jossey-Bass.
[5]. Duckelt, E. & M. Raffalli. (1989). Taking care, maintaining the self and the home in adolescents. Youth and Adolescence. 18(6): 549.

Abstract: "Women Entrepreneur" is a person who accepts challenging role to meet her personal needs and become economically independent. Increasing numbers of women are becoming leaders of their own businesses, and many are struggling to achieve success. Women entrepreneurship is considered an important tool inenabling women empowerment. This paper looks at the literature around women entrepreneurship. It is hoped that it will be useful to fellow researchers who are undertaking studies in this area. In the light of recent world events, this has become a crucial area to study and understand especially with respect to motivations, constraints and consequences. The factors that affect women's participation roles are differentacross the world, changing with the dynamic nature of the environments in which theylive. The efforts are on it to uplift the social and economic status of women. The development of women as an entrepreneur will generate multifaceted socio-economic benefits for the country.

[1]. Athena Theodore (1971), ―The professional Woman‖, Schenkman publishing company, Inc. Cambridge, Massachusetts.http://www.abebooks.co.uk/Professional-Woman-Theodore-Athena-Editor-Schenkman/284635780/bd.
[2]. AparijitaSinha, ―What are the problems faced by Women Entrepreneur in India?‖http://www.preservearticles.com/201101153366/problems-faced-by-women-entrepreneur.html
[3]. Ackerly, B. A. 1995. Testing the tools of development: credit programmes, loaninvolvement and women's empowerment. IDS Bulletin,26(3).
[4]. AlmazNegash(December 2006),Economic Empowerment of Women‖, http://www.scu.edu/ethics/practicing/focusareas/global_ethics/economic-empowerment.html.
[5]. Anita TripathyLal(November 15, 2012)―Women Entrepreneurs in India - Over the Years!‖ Fore School of Management.
[6]. Binitha. V. Thampi, (January 2007), A thesis on ―Economic Roles of Women and its Impact on Child Health and Care: A Study in Kerala‖.

Abstract: This article aims to determine the relationship between competence and human capital towards a competitive advantage. The concept of human capital has been in line with the concept of competence to build human capacities that are beneficial for organization. The concept of competence is directly related to the concept of individual performance, while the concept of human capital related with the concept of the performance of all individuals that exist in the firm, although the same development components such as knowledge, skills and character. By extending the concept of a resource that has value and rare can be used by firms to gain competitive advantage. Keywords: competence, human capital, competitive advantage.

[1]. Becker,G.S.(1993). Human Capital : A Theoretical and Empirical Analysis.with Special Reference to Education 3rd Edition. The University Of Chicago Press: Chicago.
[2]. Barney, J. B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management 17: 99-120. Boyatziz.(2008). A 20-Year View Of Trying To Develop Emotional, Social And Cognitive Intelligence Competencies In Graduate Management Education. Journal Of Management Development, 27 (1) : 5-12. Competencies In The 21st Century. Journal Of Management Development,27 (I) : 92-108.
[3]. Carmeli, Abraham. (2003). The Relationship Between Emotional Intelligence and Work Attitudes, Behavior and Outcomes. Journal of Managerial Psychology,18(8) : 788-813.
[4]. Cunningham, I. (2002).Developing Human and Social Capital in Organizations .Industrial and Commercial Training, 34(4) : 89-94.
[5]. Doug Lennick and Fred Kiel. (2005). Moral Intelligence: Enhancing Business Performance and Leadership Success. Library of Congress Number: 2004117574 ISBN 0-13-149050-8.

Abstract: Six Sigma is a management philosophy that uses statistical tools to identify the root cause of the problems and suggests control measures to limit the problem. Several myths were surrounding the implementation of six sigma, which thwarted the detailed study of six sigma in the service industry, especially IT industry. The concern on implementation failure arose from the improper methods followed during the implementation. This rises the question of critical success factors that are essential for achieving success. This article aims to critically analyze how the success factors of six sigma reviewed by many researchers can benefit or hamper the implementation process of six sigma. The various factors analysed in this study are leadership, top management support, understanding six sigma tools and techniques, linking six sigma to business strategy and suppliers and customers, cultural change, projection selection and management skills.

Keywords:Critical suggest factors, IT industry, Six sigma, Statistical method.

[1] R.G. Schroeder, K. Linderman, C. Liedtke, Choo, A.S., Six Sigma: Definition and Underlying Theory. Journal of Operations Management 26, 2008, 536–554.
[2] G. Watson, Building on Six Sigma effectiveness. ASQ Six Sigma Forum Magazine 5(4), 2006, 14–15.
[3] J. Antony, Some pros and cons of six sigma: an academic perspective. The TQM Magazine, 16(4), 2004, 303-306.
[4] P. Tadikamala, The confusion over Six Sigma quality. Quality Progress, November. 1994. [5] M. Harry, Six Sigma: a breakthrough strategy for profitability. Quality Progress, 31 (5), 199860–64. [6] G.J. Hahn, N. Doganakosy, R. Hoerl, The evolution of Six Sigma. Quality Engineering 12 (3), 2000, 317–326. [7] W.A. Shewhart, Economic control of quality of manufactured product (New York: Van Nostrand, 1931).

Abstract: The purpose of this paper is to contribute in the evolution of banking sector of Bangladesh by investigating the scope of adoption of multidimensional performance measurement models. Because the performance measurement models from management accounting are theoretically sound and effective for different business sectors. The study is conducted on branches of 19 selected commercial banks at Dhaka city. Opinion survey is conducted to collect the data on usage of performance measures. Thirty performance measures from different performance areas are chosen by consultation with bank professionals. Collected data are analyzed by 'Pearson's Correlation Coefficient 'and 'Factor analysis'. The results suggest that the measures used in banks are correlated and there are important nine factors to consider in formulating performance measurement system. That means the current performance measurement system of banks cover a set of integrating measures from different performance areas. Hench, there is a chance of adoption of a multidimensional performance measurement model in branch level of Bangladeshi banks

Keywords: Performance measurement system, Balanced Scorecard, Bangladesh.

[1]. Al-enzi, A. M. N., et al (2006) "Non-Financial performance measurement in the banking sector: four grounded theory case studies‟, International Journal of Accounting, Auditing and Performance Evaluation, 3(3), pp. 362-385
[2]. Al-mawali, H. H., Zainuddin, Y. and Ali, N. N. K. (2010) "Balance Scorecard (BSC) Usage and Financial Performance of Branches in Jordanian Banking Industry‟, World Academy of Science, Engineering and Technology, 42, pp.1174-1180
[3]. Banker, R.D., Potter, G. and Srinivasan, D. (2000) "An empirical investigation of an incentive plan that includes non-financial performance measures‟, The Accounting Review, 75(1), pp.65-92
[4]. Berry, R. H., CRUM, R. E. and WARING, A. (1993) Corporate Performance Evaluation in Banking Lending Decisions, CIMA, London. Available at: http://dx.doi.org/10.1108/13683040810919971
[5]. Cross, K.F. and Lynch, R.L. (1989)"The SMART way to define and sustain success‟, National Productivity Review, 8(1), pp. 23-33
[6]. Fakhri, G., Menacere, K. and Pegum, R. (2009), "The Impact of Contingent Factors on the Use of Performance measurement System in the Banking Industry: The Case of Libya‟: proceeding of Salford Postgraduate Annual Research Conference, 7-8 May, Salford, 1931).

Abstract: An understanding of buyer behaviour is essential in marketing planning and programmes. Buyer behaviour is one of the most important keys to successful marketing. It is a process. Potential customers are subjected to various stimuli. The customer is regarded as a black box as we cannot see what is going on in his mind. He responds to the marketing management. The model of be buyer behaviour is a stimulus-response model. Response may be decision to purchase or not to purchase. In the present scenario, the automobile companies are offering unimaginable price and schemes to boost up their sales volume. This induce the people to purchase more number of vehicles and it increase the consumption of people to purchase more number of vehicles and it increase the consumption of fuel. It gives more trouble to the government to avail the maximum capacity of fuel in the country. In this situation the government liberalized the petroleum policy to the petroleum corporations, to fix the price by themselves by consulting with OPEC (oil and petroleum exporting council) and also private petroleum corporation can establish their own retail outlets to build up the brand and to capture the market. For this a study has been conducted to assess the preference of retail outlet (petroleum corporations) among the consumers. It helps to identify the perception of consumers towards petroleum corporations and to create the brand image among the petroleum corporation.

Keywords: Petroleum products, Lubricating oil, Speed, Power and Petro net card

[1]. Abdul Brosekhan and Muthu Velayutham (2014), Cultural Factor Highly Influences on Consumers & Their Buying Behavior – In Indian Context IOSR Journal of Business and Management (IOSR-JBM) pp 17-24 www.iosrjournals.org
[2]. Kritika Joshi and Vandana Gupta (2012), Cultural Influences on Indian Consumer and Their Buying Behavior, International Journal of Social Sciences & Interdisciplinary Research Vol.1 No.6. June.
[3]. Sameera P (2015), A Study on the Customer Satisfaction in the Organised Retail Outlets, Vol.3, Issue 1, EPRA, International Journal of Economics And Business Review
[4]. Svatosova Veronika, Motivation of Online Buyer Behavior,Journal of Competitiveness, Vol. 5, Issue 3, pp. 14 - 30, September 2013
[5]. Zain-Ul-Abideen and Salman Saleem, Effective advertising and its influence on consumer buying behaviour, European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 3, No.3, www.iiste.org

Abstract: KM is based on the premise that, just as human beings are unable to draw on the full potential of their brains, organizations are generally not able to fully utilize the knowledge that they possess. Through KM, organizations seek to acquire or create potentially useful knowledge and to make it available to those who can use it at a time and place that is appropriate for them to achieve maximum effective usage in order to positively influence organizational performance. It is generally believed that if an organization can increase its effective knowledge utilization by only a small percentage, great benefits will result. An overview of the evaluation of the tools reveals that some of the requirements defined in chapter 2 are not well supported by the existing solutions. There are problems on three different levels. The first problem is of technical nature. The systems used in knowledge management are distributed across different companies and use different formats and interfaces. Yet, it is necessary to access all of them. Thus, an integration infrastructure which enables data transfer between the different systems is required. The second problem, on the organizational level, is due to the fact that the organizational structures of the network have to be reflected by the knowledge management system, most notably by defining users' rights to view and manipulate contents.

Keywords: Knowledge management tools, Information technology industry,

[1]. Garita, C. (2002): A Survey of distributed Information Management Approaches for Virtual Enterprise Infrastructure, in: Franke, U. (Ed.): Managing Virtual Web Organizations in the 21st Century: Issues and Challenges, Idea Group, London
[2]. Isaacs, E.; Walendowski, A.; Whittaker, S.; Schiano, D.; Kamm, C. (2002): The Character, Functions, and Styles of Instant Messaging in the Workplace, Proceedings of the ACM Conference on Computer- Supported Cooperative Work (CSCW), p. 248-257, New Orleans
[3]. Jain, P. K. M. (2001): A Pattern Language for Resource Management in Three Tier Architectures, Proceedings of the ACM Conference on Object-Oriented Programming, Systems, Languages, and Applications, Tampa Bay
[4]. Kim, S.; Suh, E.; Hwang, H. (2003): Building the knowledge map: an industrial case study. in: Journal of knowledge management 7, 2, 34-45.
[5]. Easterby-Smith, M., and M. Lyles. (2003). The Blackwell handbook of organizational learning and knowledge management . Oxford: Blackwell.
[6]. Hansen, M.T., N. Nohria, and T. Tierney. (1999). What‟s your strategy for managing knowledge? Harvard Business Review 77(2): 106–116.

Abstract: Indian tourism and hospitality emerging as a chief growth driver for services industry in India, hotel sector is only poised for further growth. Though economic slowdown has resulted in low occupancy and average room rates for hotels across certain major cities in the country, Indian hotel sector is still expected to show healthy prospects compared to global hotel growth. India is the ninth largest civil aviation market in the world in 2014. The sector is projected to be the third largest aviation market globally by 2020. India's aviation market caters to 117 million domestic and 43 million international passengers in 2014. Over the next decade the market could reach 337 million domestic and 84 million international passengers.

[1]. Akan, P. 1995. "Dimensions Of Service Quality: A Study In Istanbul." Managing Service Quality 5 (6): 39–43.
[2]. Akbaba, A. 2006. "Measuring Service Quality In The Hotel Industry: A Study In A Business Hotel In Turkey." International Journal Of Hospitality Management 25 (2): 170–92.
[3]. Armstrong, R. W., C. Mok, F. M. Go, And A. Chan. 1997. "The Importance Of Cross-Cultural Expectations In The Measurement Of Service Quality Perceptions In The Hotel Industry." International Journal Of Hospitality Management 16 (2): 181–90.
[4]. Malhotra K. Naresh (2006), Marketing Research, Fifth Edition, Pearson Publication.
[5]. Rampal M.K. &. Gupta S.L (2006).Service Marketing, Second Edition, Galgotia Publication, New Delhi.
[6]. Parasuraman, A., Valarie Zeithaml, And Leonard Berry (1986), SERVQUAL: A Multiple-Item Scale For Measuring Customer Expectations Of Service Quality, MA: Marketing Science Institute, Cambridge, And Report No.86-108.

Abstract: Consumer non-durable goods is one of the largest sectors in the economy of Bangladesh. Consumer goods market has experienced dramatic changes; both qualitative and quantitative improvements have occurred in this industry. Meanwhile, determinants of consumer purchase decision enormously depend on the financial performance and marketing strategies adopted by the player of this industry. This research has divided into two parts: first part consists of financial performance analysis of consumer goods market and the second part consists of determinants of Bangladeshi young-adult consumer decision making process in the sector of consumer non-durable goods. A survey has been conducted among 240 young-adult Bangldeshi consumers with an structured questionnaire; extracted from Consumer Style Inventory (CSI) as suggested by Sproles and Kendall (1986) has been tasted to validate the basic characteristics of these styles among young-adult Bangladeshi consumers whereas the eight decision making style validated are brand conscious, Perfectionistic, Price-Value Conscious Consumer, recreational-shopping conscious consumer, confused by Over-choice Consumer, impulsive consumer, habitual Consumer, novelty-fashion conscious consumer. The findings of this research will provide opportunity to marketers to better understand the need, want and demand of young-adult Bangladeshi consumer in the sector of consumer non-durable goods.

Keywords: Consumer behavior, FMCG, Consumer goods, marketing strategies

[1]. M. Armstrong and J. Zou, Conditioning prices on search behaviour, (University of Munich Library: MPRA Paper, 2010)
[2]. Biswas, and J.W. Licata, Reference pricing studies in marketing: a synthesis of research results, Journal of Business Research, 27, 2012, 239–256.
[3]. T. Levitt, the Globalization of Markets (Boston: Harvard Business Review Holt, D.B., Quelch, J.A., 2009)
[4]. P. Kotler, Marketing Management (European Edition. Harlow, England: Pearson Prentice Hall Publishing, 2013)
[5]. S.F. Redding, The role of "face" in the organizational perceptions. International Studies of Management and Organization, 13, 2009, 92–123.
[6]. E.A. Blair, E.L. Landon, the effects of reference prices in retail advertisements. Journal of Marketing, 45, 2011, 61–69.
[7]. L. Schiffman, K.L. Lazar, Consumer behavior (New Jersey: Pearson Prentice Hall Publishing, 2011)

Abstract: This study examines the consumer perception and prospect of e-retailing in Bangladesh. The relative importance of electronic commerce for a supermarket still largely depends on the nature of its products and the consumer psychology of target audience. As a result electronic commerce and its commercial potential have gained a considerable attention for retailers in Bangladesh. This study was conducted among 200 respondents who buy product from supermarkets in Dhaka. Six independent variables like reliability of e-retailers, service assurance of e-retailers, accessibility of website, Recreational-Shopping Conscious Consumer, confused by over choice consumer, perceived performances; along with consumer-purchase-decision as a dependent variable has been utilized. It was found that consumer in Bangladesh don't think e-retailers will be able to provide them secure, consistent services. If Bangladeshi e-retailer able to establish e-commerce, most of the respondents reply that they will buy product from online because they think it will be experience of fun and the 'T' value is 1.569 which is lower than the reference value as a result it was found a positive relationship between fun loving consumer and consumer-purchase-decision. It was also found that most of the respondents are impulsive, confused while shopping online. From this analysis it can be said that for retailers of Bangladesh the approach towards internet adoption is more complex as they had to determine how to trade successfully in this new virtual environment.

Keywords: E-commerce, Consumer Behavior

[1]. M. Alverson, The meaning and meaningless of postmodernism: some ironic remarks (CA: T.G. and Associates publisher, 2011)
[2]. D. Altheide, J .Johnson, Criteria for assessing interpretive validity in qualitative research (London: Sage publisher, 2013)
[3]. D. Aaker, E. Joachimsthaler, Brand leadership in e-commerce (New York: Free press, 2012)
[4]. F. Brassington, S. Petitt, Principles of e-marketing (Harlow: Financial times, 2012)
[5]. D. Bicknell, Banking on customer service: E-business review (London: Macmillan, 2009)
[6]. D. Chaffey, E-business and e-commerce management, (Harlow: Prentice hall, 2011)

Abstract:Performance Appraisal is being considered as a vital parameter in the corporate management. Performance Appraisal is a primary function of Human Resource department, who receives prior information from the concerned team leaders/ managers about the performance of the team members. Human Resource department is taking evince interest in assessing the quantities of the work force of their organization.
This article is envisaging the Performance Appraisal system of both government sector and Private sector. This article emphasizes the methodologies being practiced by the mangers of both the sectors in retaining the best talent with the organizations for achievements of the organizational goals.

[1]. On over all view of performance appraisal I suggest one should responsibly dedicate their honesty and hard work towards an organization.
[2]. An organization should also understand emotional values and dedication towards the firm of employee and should give suitable employee benefits. Organisations should always treat every employee as their organisation family member.
[3]. In government firms updated technologies should be introduced on frequent basis.
[4]. In government firms punctuality and discipline should be maintained
[5]. In private firms job securities should be developed highly.
[6]. In private firms packages and perks should be good enough to particular employee's quality of work
[7]. Recruitment and Selection in government sector need a change and should adopt new techniques.
[8]. Feedback system should be introduced in all the sectors of government and private. Employees and management will get to know their actual performance.

Abstract:Savings and Credit Co-operative Societies (SACCOs) in Kenya have been investing over the years with the objective of maximizing their wealth. Sound lending procedures in financial institutions involve identifying high-risk loan applicants, modifying lending conditions such as security requirements and monitoring repayments. This research was designed to investigate the effects of loan terms and conditions on loan volume granted by SACCOs. The study was guided by the following objectives; how loan terms and
conditions. The target population of the study was selected from all SACCO employees of the five licensed deposit taking SACCOs in Nyeri County. The total target population is 135. The researcher used stratified random sampling technique resulting to a sample size of 100 respondents. Data from the respondents was done by use of questionnaires which contained both open and closed ended questions.

[1]. Abdou H. & Pointon J. (2011). Credit scoring, statistical techniques and evaluation criteria. A review of the literature; Intelligent Systems in Accounting, Finance & Management(18 (2-3)), 59-88.
[2]. Adekunle and Henson (2007). The Effect of Cooperative Thrift and Credit Societies on Personal Agency Belief: A Study of Entrepreneurs in Osun State, Nigeria. African Journal of Agricultural Research, 2(12), 678-686.
[3]. Adeyemo, R. & Bamire, A. S. (2005). Saving and investment Patterns of Co-operative farmers in Southwestern Nigeria. Journal of Social Science, 11(3): 183-192.
[4]. Ahamed, R. (2010), Microfinance institutions in developing countries, Journal of microfinance Services, Vol. 9 No. 1, pp 4.
[5]. Akperan, J. (2005). Bank Regulation, Risk Assets and Income of Banks in Nigeria. Nigeria.

Abstract:Inflation is a household word in many market oriented economics. the most complex and serious set of economic problem confronting national government and the international community since the end of World War II, consist of virulent and widespread inflation, a decleration of economic growth and massive disequilibrium of international payments. In a developing country like Nigeria, inflation has been one of the major macroeconomic problem confronting the nation. Inflation can be described as a rise in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money. However, the consensus view of various authors is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth. The broad objective of this study is to examine inflation and growth in developing countries especially in Nigeria with the view of ascertaining its effect on the Nigerian economy. It ascertained the relationship between inflation and economic growth as well as the inflationary effect and the means of controlling inflation on the Nigeria economic growth. The study covered the ten year period from 2002 to 2012 and adopted an expos-facto research design. The Ordinary Least Squares (OLS) regression technique were used. The results show that inflation has a negative effect on exchange rate, consumer price index (CPI) and economic growth in Nigeria. But there exist a positive relationship between inflation and gross domestic product (GDP).

Keywords: Inflation, Economic Growth, GDP, Developing Countries.

[1]. Afolabi, J. E. (1991). The Economics of Public Finance: Government Investments and Banking in Developing Countries. Enugu: Rabboni Publishers Ltd.
[2]. Akinrifesii, E. O. (1984). Inflation in Nigeria: causes, consequences and control. CBN Bullion.
[3]. Andrew, P. E. (2005). Corporate Financial Management. Kinshasa Zaire, African Bureau of Science and Education.
[4]. Anyanwu, S. C. (1993). Monetary Economic Theory, Policy and Institution. Oniitsha: Hybrid Publishers Ltd.
[5]. Anyanwu, S. C. (1995). Macro-Economics: Theories and Application. Oniitsha: Hybrid Publishers Ltd.

Abstract: This paper examines the impact of monetary policy on the Nigerian economy. In doing this, the Ordinary Least Square Method (OLS) is used to analyse the data between 1980 and 2010. The result of the analysis shows that monetary policy represented by money supply exerts a positive impact on GDP growth but negative impact on the rate of inflation. The recommendations are that monetary policy should facilitate a favourable investment climate through appropriate interest rates, exchange rate and liquidity management mechanism and the money market should provide more financial instruments that satisfy the requirements of the ever-green sophistication of operators.

Keywords: Monetary policy, inflation, economic growth, Central Bank of Nigeria, Nigeria.

[1]. Amassoma, O., Ditimi, N., Nwosa, P. & Olaiya, S. (2011). "An Appraisal of Monetary Policy and Its Effect on Macro Economic Stabilization in Nigeria." Journal Trends in Economics and Management science (JETEMS), Vol. 2 (3). pp 233-237.
[2]. Anyanwu, J. C. (1993). Monetary Economic Theory, Policy and Institutions. Onitsha: Hybrid Publishers Ltd.
[3]. Asogu, J. O. (1991). "An Econometric Analysis of the Nature and Causes of Inflation in Nigeria." CBN Economic and Financial Review, Vol. 29, No. 3, pp.239-254. Lagos.
[4]. Bakare, F. (2011). "An Empirical Study of the Determinant of Money Supply Growth and its Effects in Inflation rate in Nigeria." Journal of Research in International Business and Management. Vol. 1 (5), pp.124-129.
[5]. BCEAO (2008). Monetary Policy and Price Stability in the West African Economic and Monetary Union (WAEMU) Zone: Constraint and Challenges. Research Centre's Fourth Symposium, Avenue Abdoulaye Fadiga, Senegal.
[6]. CBN. (1992). Monetary Policy Department: http://wwwcenbank.org.l Central Bank of Nigeria Statistical Bulletin http://www.cenbank.org/

Abstract:In the present research, the important factors responsible for the variations in the financial market have been found out with the help of a new technique which is known as a mathematical model. Basically any physical phenomenon can be represented by knowing its causes and effects for its occurrence. If one comes out with the quantitative relationship between these causes and effects, then it will be considered as a mathematical model. In fact to establish this relationship one has to understand the physics involved in the phenomenon. The upcoming articles focus on the formulation of the mathematical model followed by qualitative and the quantitative analyses. Here, qualitative analysis means interpretation of mathematical model and quantitative analysis covers (1) Sensitivity analysis (2) Optimization of model (3) Reliability of the model. etc.

Keywords: Financial market, Mathematical model, Optimization of model , Reliability of the model, Sensitivity analysis.

[1]. www.rbi.org.in
[2]. www.mospi.nic.in
[3]. Subash R., 2011/2012 , Role of Behavioral Finance in Portfolio Investment Decisions: Evidence from India, Charles University in Prague
[4]. Agrawal, A. (2008). "Indian Economy", Pratiyogita Darpan
[5]. Babu, M., Suresh. and Prabheesh, K.P. (2008),"Causal relationships between Foreign Institutional Investments and stock returns in India", International Journal of Trade and Global Markets
[6]. Kanakaraj, A., Singh, B.K.; Alex, D. (2008). "Stock Prices, Micro Reasons and Macro Economy in India: What do data say between 1997-2007".