Relative Strength Index
to recent losses in an attempt to determine overbought and oversold condition of assets.
Contingency fund
Somewtime it happens that some unforeseen expenditures comes out even after the announcement of budget.Contingency fund is kept to met those unforeseen expenditures. After the money withdrawn from contingency fund, the consolidated fund of government is used to credit back the contingency fund.
Gross Income
A person's total income before applying taxation and other deductions on it.
Net Income
An individual's income after payment of taxes and other deductions.
Gross Domestic Product
GDP is the market value of all the products a and services produced in a country officially in a given time period
Net Domestic Product
The value of all goods and services is consumed over a year which results in depreciation, hence net domestic product is calculated as
Net Domestic Product = Gross Domestic Product - depreciation of goods and services
Representation Money
Representation Money is any kind of token coins or any physical coins which is safely exchanged for fixed quantity of commodities like silver or gold.

Mail Transfer Order
A mail transfer order is only an authority by remitting branch to the another branch for credit of amount to other account for payment to the customer







No comments:
Post a Comment