What is the meaning of Proposal? A proposal is a suggestion or plan which is proposed to someone for the acceptance or to think upon to take further actions. It can in both the forms oral or written but for legal & business terms it is suggested that a proposal should be in written form.…
What is the indifference curve? An indifference curve is a graphical representation of consumer satisfaction with two goods or commodities in various combinations. The satisfaction of two goods combinations is equal at all points(bundles) of the curve, so it is called the indifference curve. These combinations show through a table called the indifference schedule. For…
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What Does DEBITED Mean in a Bank ? Every time when you go to withdraw money via ATM or check , you receive a message on your registered mobile number that X amount of money is debited from your bank account . So in this situation , DEBITED means withdrawal of money from your total…
The state government of West Bengal has made several steps to ensure the social and financial stability of the state’s scheduled caste and scheduled tribal residents. In this pursuit of the people’s welfare, the West Bengal government created the Joy Bangla Pension Program, a new pension system for Scheduled Castes and Scheduled Tribes. All pension…
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What is Capital Adequacy Ratio Generally, the capital adequacy ratio is used for the financial strength measurement of the bank by using its capital and assets. The capital adequacy ratio is also well known as the capital to risk-weighted assets ratio. The capital adequacy ratio is used not only to protect the depositors but also…
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What is Capital Expenditure and Revenue Expenditure? Expenditure is an inevitable part of any business. If we want to establish any business we have to incur different types of costs like – purchasing the building, machinery, raw material cost, labor cost, electricity cost, etc. There are mainly 2 types of expenditure incurred in a business…
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Comparison between Unit-linked Insurance Plan (ULIP) vs Mutual Fund vs Traditional Insurance Unit Linked Insurance Plan (ULIP) is a type of hybrid insurance plan that provides both insurance coverage and investment in a single plan. Mutual Funds on the other hand is a type of investment instrument, where an enormous number of individuals pool their…
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What is IFSC code? IFSC stands for Indian Financial System Code . It is a 11 digit alphanumeric code that you can usually find on your bank’s passbook or cheque. This 11 character alphanumeric code is used in money transfer through NEFT ( National Electronic Funds Transfer ), RTGS (Real-Time Gross Settlements), IMPS (Immediate Payment…
PM Kisan Samman Nidhi Scheme PM Kisan Samman Nidhi Scheme has been launched by the central government for helping all the farmers of India who hold land. PM Kisan Samman Nidhi is a scheme launched by Prime Minister Narendra Modi to help the marginalized farmers. How does the Prime Minister Kisan Samman Nidhi Scheme help…
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GST stands for Goods and Service Tax. GST was introduced in India with effect from 1st July 2017 with a purpose of “One Nation, One Tax.” GST Kya hai? GST is a tax which is levied on all sales & supplies of goods or services in India. It is a form of Indirect tax which…
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