347. Fact

Weather satellite
Artificial satellite designed to forecast weather.

348. Fact

Westerlies
Constant winds blowing from south-west in the northern hemisphere and north-west in south hemisphere.

349. Fact

Arbitration
Referring dispute to disinterested party called arbitrator for decision, which will be binding.

350. Fact

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.

351. Fact

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.

352. Fact

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.

353. Fact

Barter
Exchange of commodity with other commodities without the interface of any form of currency.

354. Fact

Bond
Document by which a government, a company or a person agrees to pay a sum of money in a certain time.

355. Fact

Budget
Annual estimate of expenditure and revenue of a country or a subordinate authority like a corporation.

356. Fact

Bill of exchange
Written order by a drawer to pay sum on given date ot named payee.

357. Fact

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.

358. Fact

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.

359. Fact

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.

360. Fact

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.

361. Fact

Death duty (estate duty)
A sort of tax imposed on the property inherited at death of its previous owner.

362. Fact

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.

363. Fact

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.

364. Fact

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.

365. Fact

Excise duty
Duty levied on goods manufactured within the country.

366. Fact

Foreign exchange
Transfer of money of one country to another.

Book
Book : ravi paar (across the ravi)
Author : gulzar.      .. More >>