Good Manufacturing Practices (GMP)
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
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
Import and export are commonly used terms in the international trade. These activities are carried out by all countries of the world. In other words,
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 a Debenture? A debenture is a form of corporate debt that is not supported by collateral. Therefore, companies do not have to pledge
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 Usually, organizations have different types of assets. They may include property, plants, inventories, etc. The assets may have different natures and their properties may
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
The two commonly utilized measures for evaluating an economy are GDP and GNP. Both indicate the total market value of every good and service produced
Producing goods is one of the significant aspects of a business as well as a company. There are different kinds of work/ business/ companies like
Cards have become a part of our lives. We go for cashless transactions most of the time. And amidst this pandemic phase, going cashless has
There are various types of businesses running in the present time. There are factories and industries that manufacture several products like cosmetics, medical equipments, medicines,
Capital expenditures and revenue expenditures are the two main forms of expenses. To accurately account for these expenses, business entities must be able to pinpoint
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,
Q. भारत की मुद्रा क्या है? Ans. रुपया Q. बांग्लादेश की मुद्रा क्या है? Ans. टकां Q. भूटान की मुद्रा क्या है? Ans. गुलटुम Q.
The major role of financial management is the selection of the most gainful assortment of capital investments and it is a vital area of decision-making
The notion of funds is described by several accountants in different way. The term funds have different meaning according to interpretation of accountants and accounting
A budget contributes a lot in economic policy of any company. Budget is a financial plan and a list of all planned expenditures and profits.
The budgeting process is a tool for setting goals and objectives to recognize weaknesses or inadequacies in organizations, and for controlling and integrating the diverse
Paper – III (Technology, Economic Development, Bio-diversity, Environment, Security and Disaster Management) Animal rearing has significant role in development of India’s economy. It is well
Paper – III (Technology, Economic Development, Bio-diversity, Environment, Security and Disaster Management) Inclusive growth entails comprehensive growth, shared growth, and pro-poor growth. It lessens the