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Archive for the 'economy' Category

economy

What is Margin Trading?

Posted by admin on 17th August 2010

Margin trading is a special service offered by broking companies to its  customers, wherein you can subscribe and get easy finance to buy winning stocks when faced with a shortage of funds. With Margin trading, you can get upto 50% of the value of the stocks.

For instance, if you choose to buy 1000 shares of Company X at Rs. 1,000 each, then the total valuation will be Rs. 10 lakhs. Through this scheme, you can get upto 50%, i.e. Rs. 5 lakhs at 16% rate of interest.

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Economic,Commercial,Trade,Banking Terms

Posted by admin on 6th April 2010

ARBITRATION Referring dispute to disinterested party called arbitrator for decision, which will be binding.
ANNUITY Payment of a fixed amount periodically for a limited time. It is an investment on which the owner receives not only interest on his money but also return of his capital.
BALANCE OF TRADE The difference between the value of imports and exports. It is favourable when the value of exported goods exceeds the value of imported goods. If it is reverse balance is unfavourable.
BALANCE SHEET Statements of accounts, generally os a business house prepared at the end of a year, showing debits and credits under broad heads, in order to find out the profit and loss positions in the outgoing year.
BARTER Exchange of commodity with other commodities without the interface of any form of currency.
BOND Document by which a government, a company or a person agrees to pay a sum of money in a certain time.
BUDGET Annual estimate of expenditure and revenue of a country or a subordinate authority like a corporation.
BILL OF EXCHANGE Written order by a drawer to pay sum on given date ot named payee.
BUYER’S MARKET An economic phenomenon where there are more goods in market than demanded and so the buyers can dictate the prices of goods.
CLEARING HOUSE Place where officials of the banks meet daily to exchange cheques drawn on the respective banks and settle the account by the payment of balances only.
COOPERATIVE FARMING Joint farming wherein farmers pool their land, capital and resources and divide the produce at the end of the harvest in proportion to their land put in the pool. The farmers retain their proprietary rights.
CEILING ON LAND AND HOLDING Imposition of a maximum limit of the land which an individual should have. Its purpose is rational distribution of land.
DEATH DUTY (ESTATE DUTY) A sort of tax imposed on the property inherited at death of its previous owner.
DEVALUATION Government’s step to reduce the value of its own currency relatively to a foreign currency. It aims to increase exports and reduce imports.
DEFLATION A monetary state characterised by decrease in the supply of money and bank deposits and falling profits, wages, incomes and employment accompanied by unemployment and falling prices.
DEMONETISATION The governmental measure of depriving metallic coins or paper currency od specified denominations of its status money. It is meant to unearth the hidden money which is unaccounted for purpose of income tax assessment.
EXCISE DUTY Duty levied on goods manufactured within the country.
FOREIGN EXCHANGE Transfer of money of one country to another.
INFLATION Increase in the quality of money in circulation without any corresponding increase in goods; so, it leads to rising prices spiral.
LAISSEZ FAIRE An individualistic theory advocating private initiative in trade and non-interference by State in commercial or business ventures.
LOCKOUT Closure of a factory by owners to force the workers to accept the imposed terms.
MALTHUSIAN THEORY OF POPULATION It states that the food supply increase in arithmetical progression while population increase by geometrical progression resulting in over-population.
OCTROI Tax imposed on articles coming inside a city.
PUBLIC SECTOR Applies to State enterprises or undertaking.
RECESSION An economic phenomenon characterised by excessive production, less demand, tight money market.
SOFT CURRENCY Currency of a country with which we have favourable balance of trade.
STERLING AREA Group of countries of Commonwealth (except Canada) keeping their reserves in sterling and not gold or dollars.
TARIFFS Measures undertaking by one country to protect industry against trade competition from outside.
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GK Series -Ecomomic Facts

Posted by admin on 5th April 2009

1. Which one of the following is not manufacturing mobile telephone handsets?
 a. Samsung
b. Nokia
c. Videocon
d. Sony
Ans : C

2. Which is the largest tea producing country in the world?
 a. Kenya
b. Indonesia
c. China
d. India
Ans : D

3. Recession in the market implies
 a. Slump in trade & industry due to fall in demand
b. Increase in trade industry due to rise in demand
c. No change in trade and industry due to stability in demand
d. None of these
Ans : A

4. ’Bottle neck inflation’ means
 a. No rise in prices despite increase in aggregate demand
b. Rise in prices without increase in the aggregate demand
c. Decline in prices due to increase in aggregate demand
d. None of these
Ans : B

5. Nandan Nilekani is associated with which company?
 a. Satyam Computers
b. Wipro
c. Infosys
d. Polaris
Ans : C

6. Which is South Korea’s largest car manufacturing company?
 a. Hyundai
b. Honda
c. Suzuki
d. Toyota
Ans : A

7. Ashok Leyland is owned by the
 a. Tatas
b. Birlas
c. Hindujas
d. None of these
Ans : C

8. NABARD stands for
 a. National Bank of Agriculture and Regional Development
b. National Bank for Agriculture and Rural Development
c. National Bureau of Aeronautical Research and Development
d. None of these
Ans : B

9. The part of profit or other surpluses of a company distributed proportionately among shareholders is called
 a. Preference Share
b. Equity Share
c. Face Value
d. None of these
Ans : B

10. Which brand/company uses the ad line “We know India better”?
 a. Max New York Life Insurance
b. LIC of India
c. Amul
d. Bajaj
Ans : B

11. Zero Coupon Bonds are that variety of loans
 a. which fail to yield an income for the creditors
b. which are issued at a discount and redeemed at par
c. on which the entire interest income is paid at the time of purchase
d. the market price of which may fall suddenly and heavily
Ans : B

12. The term ‘Third World’ refers to
 Economically developing nations

13. ADB was setup in the year
 1966

14. National Stock Exchange (NSE) was established in the year
 1992

15. SEBI was established in the year
 1988

16. Bombay Stock Exchange (BSE) was setup in the year
 1978

17. GIC was setup in the year
 1973

18. LIC was established in the year
 1956

19. HDFC was established in the year
 1977

20. HUDCO was setup in the year
 1970

21. NABARD was established in the year
 1982

22. SIDBI was setup in the year
 1990

23. IDBI was setup in the year
 1964

24. Industrial Finance Corporation of India (IFCI) was established in the year
 1948

25. Industrial Credit and Investment Corporation of India (ICICI) was established in the year
 1955

26. Reserve Bank of India was established in the year
 1935

27. The oldest oil refinery in India is located in
 Digboi (Assam)

28. Command Area Development Program was launched to
 Ensure better utilization of irrigation potential

29. Which two iron and steel plants have been setup in collaboration with the former Soviet Union
 Bokaro and Bhilai

30. Which city is known as the silicon valley of India
 Bangalore

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