October 15th, Dr. Abdul Kalam's birthday, is announced as World Student Day by UNO.
Between 2000 and 2050, the absolute number of people aged 60 years and over is expected to increase from 605 million to 2 billion over the same period.
In India, the Navy Day is celebrated on 4th December.
National Income is total amount of goods and services produced within the nation during the given period say, 1 year.
It is a moderate permanent foundational capital investment of a country, a firm, or a project that underlies and makes its, all economic activity possible.
Major export of products of India is done with countries such as USA, UK, UAE, Hong Kong, China, Germany, Singapore, Belgium, Japan etc.
Balance of Payments (BoP) is the record of all economic transactions between the residents of a country and the rest of the world during a given period of time.
The mission of Multilateral Investment Guarantee Agency is to encourage foreign direct investment (FDI) into developing countries to help sustain economic growth, improve lives of people and lessen poverty.
International Finance Corporation is a member of World Bank Group. It is the largest global development institution that focuses solely on the private sector in developing nations.
The International Monetary Fund works to promote economic stability and global growth. It provides financing and policy advice to members in economic complexities & also works with developing nations to assist them attain macro-economic stability & decrease poverty.
The International Development Association (IDA) is the part of the World Bank that seeks to help the poorest countries of the world. International Development Association was established in the year 1960.
The World Trade Organization (WTO) is the only global international organization that deals with the set of laws of trade between nations.
Asian Development Bank was envisioned in the course of the post war rehabilitation & reconstruction efforts of early 1960s.
Investigation can be defined under Sec 11C of the Securities and Exchange Board of India Act, 1992.
State Financial Corporations (SFCs) are the State level financial institutions which play a vital role in the growth of small & medium enterprises in the concerned States.
National Stock Exchange was set up by top institutions to provide a modern, entirely automated, screen-based trading system with countrywide reach.
Cease and desist proceedings have been defined under Securities and Exchange Board of India Act, 1992 as amended by the Securities Laws (Amendment) Act, 2014.
A Direct tax can be defined as a kind of charge, which is enforced directly on the tax-payer & paid directly to the government by persons (juristic or natural) on whom it is insisted upon.
Banking is accepting for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque, draft or otherwise.
In literal sense, the word ‘endorsement’ means, writing on back of an instrument. However under Negotiable Instruments Act 1881, it means, writing of one’s name on the back of instrument or any paper affixed to it with the intent of transferring the rights within.
Ambiguous Instruments is defined in Section 17 of Negotiable instruments Act, 1881. Ambiguous Instrument is an instrument, which in form is such that it may either be treated by holder as a note or as a bill.
Collecting Banker is the one who accumulates the proceeds of a cheque for the customer. Even though a banker gathers the proceeds of a cheque for the customer solely as a matter of service, hitherto the Negotiable Instruments Act, 1881 ultimately inflicts obligation, statutory in nature.
Any person legally responsible to make payment under negotiable instrument must make the payment of the amount due under in due course with the purpose of obtaining a valid discharge against the holder.
A cheque initially articulated by the drawer himself to be payable to bearer, the banker may disregard any endorsement on cheque. He will be released by payment in due course.
The word "customer" is neither explained in Indian statute nor in English statutes. The common outlook is that a customer is one who has his account with bank or who utilizes the services of the bank.
A bill of exchange is at times referred to as a draft. It is known as a bank draft when a bill of exchange drawn by one bank or another bank or by itself on its own branch, & is regarded as a negotiable instrument.
Market is a place where forces of demand and supply operate.
Distribution refers to the way total output, income, or wealth is distributed among individuals or among the factors of production such as labour, land, and capital.
A large number of industries has been established in the post-independence India in private, public and joint sectors.
An economic unit engaged in the production of one of more economic goods or services is a business firm.