Notes and Study material for Exams
Commercial mathematics Banking Banking can be defined literarily as the business activity of accepting and safeguarding Money owned by individuals and entities and release of the money whenever the needs arise by the owner. It is the business of managing money and where money is involved everything must be carefully assessed, valued and … Read more
Calculation Of Interest On/in Savings account, fixed deposit account and recurring deposit account Saving account Interest rate calculation Formula Daily interest = Amount (Daily balance) * Interest (3.5/100) / days in the year. Earlier method of interest rate calculation Earlier, banks would pay interest at the rate of 3.5% p.a. on the lowest available balance … Read more
DISCOUNT The discount is referred to the reduction in the price of some commodity or service. It may anywhere appear in the distribution channel in the form of modifications in marked price (printed on the item) or in retail price (set by retailer usually by pasting a sticker on the item) or in list price (quoted for the buyer). The discount … Read more
Compound Interest Let Principal = P, Rate = R% per annum, Time = n years. When interest is compound Annually: Amount = P 1 + R n 100 When interest is compounded Half-yearly: Amount = P 1 + (R/2) 2n 100 When interest is compounded Quarterly: Amount = … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Non-Banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of Shares, stock, Bonds hire-purchase insurance business or chit business … Read more
Budgeting Budgeting is the process of estimating the availability of Resources and then allocating them to various activities of an organization according to a pre-determined priority. In most cases, approval of a budget also means the approval to various spending units to utilize the allocated resources. Budgeting plays a criucial role in the socio-Economic Development … Read more
Here are the subtopics without any description for Components of Budget: Revenue Expenses Income Assets Liabilities EquityEquity Cash flow Capital expenditures Depreciation Amortization Taxes Insurance Rent Utilities Supplies Travel Marketing Sales Customer service Human resources IT Accounting Legal Other I hope this helps! A budget is a financial plan for a specific period of time. … Read more
Here is a list of subtopics about Collective InvestmentInvestment Scheme (CIS): Types of CIS Open-ended fund Closed-ended fund Exchange-traded fund (ETF) Unit trust Investment trust Structure of CIS Trustee Manager Custodian Auditor Regulation of CIS Financial Conduct Authority (FCA) Prudential Regulation Authority (PRA) Investment objectives of CIS Growth Income Balanced Defensive Risks of CIS Market … Read more
Here is a list of subtopics about Certificate of Deposit (CD): CD definition CD features CD types CD benefits CD risks CD fees CD rates CD terms CD liquidity CD safety CD laddering CD investing tips CD alternatives I hope this helps! Let me know if you have any other questions. A certificate of deposit … Read more