About Good Manufacturing Practices (GMP) GMP is a set of guidelines and quality management principles that ensure pharmaceutical products, as well as other products in

MSP is the price at which the government procures crops directly from farmers. It is calculated to be at least one-and-a-half times the cost of

PMI is an indicator of business activity — both in the manufacturing and services sectors. The S&P Global India Services PMI is compiled by S&P

Nostro and vostro accounts are two types of accounts used in international trade and banking to facilitate foreign currency transactions. A Nostro account is a

Economic analysis is the process of assessment or examination of any particular topic or issue to understand how they are affecting the organization or system.

What is Blue Economy? Blue Economy is defined by the World Bank as the Sustainable use of ocean resources for economic growth, improved livelihoods, and

IMF is an international organization that provides loans, technical assistance, and policy advice to its member countries. It was established in 1944 with the goal

A Finance Bill is a proposed legislation that is introduced by the government to implement the financial proposals of the Union Budget for the upcoming

Introduction There is no limit on probable money deposits made by customers in a bank. However, in India, the Central Bank of India, the Reserve

Liquid Assets: Definition If an asset is easy to sell or convert into cash without any loss in its value it is said to be

What is a Debenture? A debenture is a certificate issued by a company. It is therefore an unsecured debt tool that is issued by a

Introduction Intermediate goods are important intermediaries in the production process and hence they are very important in nature. These goods change or create new goods

What is an Investment and How it Works? Investment refers to an asset or item for earning income or appreciation in the future. Appreciation refers

What is meant by the Issue of shares at a Premium? Usually, a company’s capital is made up of shares that are used to earn

What is the Issue of Shares? The issue of shares is the way to allocate new shares to the shareholders. Shareholders may be either individuals

Introduction Depending on various factors, companies may be classified into various categories. These factors may include liabilities, member count, parameters of holding, or control among

What is meant by Industries? Businesses can range from sole proprietor enterprise to big corporation that employs thousands of workers across multiple countries. Depending on

Introduction Financial analysis is also considered to be a helpful tool to correctly analyze the condition of the business by many analysts. Since financial analysis

Introduction Although often not mentioned, the financial statements of a company are the backbone of success. By keeping records of the company’s financial conditions, the

Introduction When the relationship between all the partners of the firm is terminated then it is called the dissolution of the firm. After the dissolution

What is meant by the Dissolution of a Partnership Firm? Dissolving a partnership firm legally means stopping the business under the name of the said

Introduction Governments have both earning and spending as their responsibilities. Therefore, they earn revenues and spend money on public projects, such as infrastructure, education, and

Introduction Every company incurs costs during its operations. It is impossible to think about a company with no cost. The companies therefore must be aware

What is Gaining Ratio? Gaining ratio is a term related to partnership firms. When a partner of a partnership firm retires, the remaining partners need to

Demand Liabilities They are liabilities which are payable on demand. For example: Current Deposits, Savings bank deposits, Balances in overdue fixed deposits, Outstanding TTs, MTs,

Bank Rate It is the rate at which the Reserve Bank of India lends money to commercial banks or financial institutions. An upward revision in

Institution Founded in Members Objective Headquarters African Development Bank 1964 53 African countries 25 non-African countries To promote sustainable economic growth and reduce poverty in

Differences and Similarities Feature World Bank International Monetary Fund Founded July 1944 December 1945 Headed by President Managing Director First President/MD Eugene Meyer Camille Gutt

Public Sector Insurance Companies, Head Offices and Slogans Name of the Company Head Office Slogan Oriental Insurance Company New Delhi Prithvi, Agni, Jal, Akash, Sabki

Name of the Bank Head Office Slogan Allahabad Bank Kolkata A Tradition of Trust Andhra Bank Hyderabad Friendly, Intelligent, Responsive Bank of Baroda* Baroda India’s

Nationalized Banks of India The oldest Joint Stock Bank of India Allahabad Bank The bank founded by Freedom Fighter Dr. Bhogaraju Pattabhi Sitaramayya Andhra Bank

Organisation Established Head Office Remarks Security Printing and Minting Corporation of India Limited (SPMCIL) 2006 New Delhi Wholly owned Company of Government of India Bharatiya

Coins The Government of India has the sole right to mint coins in terms of the Coinage Act, 1906 The coins are issued for circulation

Important Information: Reserve Bank of India RBI and Currency related information The Reserve Bank of India was set up on the basis of the recommendations

Definition of Union Budget In simple words, the Union Budget, also known as the Annual Financial Statement according to Article 112 of the Constitution of India,