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Anuradha Yadav 5 years, 4 months ago
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Yogita Ingle 5 years, 4 months ago
National Small Industries Corporation (NSIC) was established in the year 1955 in order to promote, aid and foster the growth of small business units in the country. The functions of NSIC are as follows : Vz
- To create awareness about technological upgradation.
- To develop technology transfer centres and software technology parks.
- To export the products of small business units in order to develop export worthiness.
- To obtain, supply and distribute indigenous and imported raw materials.
- To provide mentoring and advisory services.
- To serve as technology business incubators.
NSIC has also introduced a new scheme of performance and credit rating for small businesses in order to encourage them to maintain good financial track record and to sensitize them about the need for credit rating.
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Deepanshu Jha 5 years, 4 months ago
Yogita Ingle 5 years, 4 months ago
When a firm/account holder withdraws excess amount over the available bank balance, then the account runs a negative bank balance. The negative balance is called a bank overdraft. In other words, bank overdraft is the excess of withdrawals over deposits.
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Yogita Ingle 5 years, 4 months ago
All three of them stood smiling, their hair were flying over their faces (possibly tossed by the beach wind or water)
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Rohit Singh 5 years, 4 months ago
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Yogita Ingle 5 years, 4 months ago
A consumer is in a state of equilibrium when he maximizes his satisfaction by spending his given income on different goods and services. Any deviation or change in the allocation of income under the given circumstance will lead to a fall in total satisfaction.
For one-commodity case: Rupee worth of satisfaction actually received by the consumer is equal to the marginal utility of money as specified by the consumer himself.
Condition 1 : MU(of good X) = MU(of money) OR , PRICE(of good X) = MU(of money)
Reason: Price paid by the consumers should be exactly equal to the money value of MU that he derives. In case P(of X) is lesser than the MU(of money), he should be prompted to buy more of good X. Higher consumption will lead to a fall in MU. The consumption of good X would stop only when P(of good X) will be equal to MU(in terms of money). Likewise, if P(of X) is greater than MU(in terms of money), the consumer will be prompted to buy less of good X, leading to a fall in MU.
Condition 2: Marginal utility of money remains constant.
Condition 3: Law of marginal utility holds good.
For two-commodity case: Rupee worth of marginal utility of money should be same across good X and good Y, and equal to marginal utility of money.
Reason: In case rupee worth of satisfaction (MU of good X/ price of good X) is greater for good X than good Y, the consumer will be prompted to buy more of good X and less of good Y. This would lead to a fall in marginal utility of good X and a rise in marginal utility of good Y. This process would continue till MU(of good X)/ Price of good X = MU(OF GOOD Y)/ Price of good Y = MU(of money) . In case rupee worth of satisfaction (MU of good y/ price of good Y) is greater for good Y than good X, the consumer will be prompted to buy more of good Y and less of good X. This would lead to a fall in marginal utility of good Y and a rise in marginal utility of good X.
Posted by Subhash Chand 5 years, 4 months ago
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Yogita Ingle 5 years, 4 months ago
| Reserve | Provision |
| Definition | |
| The portion of profit kept aside for unforeseen obligations of a business | A portion of money from the business set aside for meeting known liabilities or expenses |
| Method of Creation | |
| Created by debiting Profit and Loss appropriation account | Created by debiting Profit and Loss Account |
| Purpose | |
| It provides capital for running the business and safeguards against expenses from unforeseen contingencies | It secures business from expenses arising from known liabilities |
| Allocation | |
| Presence of profit is required for allocation of reserve. | Presence of profit not necessary for allocation |
| Dividend Payment | |
| Paid from reserves | Cannot be paid |
| Impact on Profit | |
| Reduces net profit of the organisation | Reduces profits for dividend distribution |
| Appears in | |
| Always shown on the liability side | Appears as a deduction from the concerned asset, in case of an asset, in case of liabilities, it is shown in the liabilities side |
| Utilisation | |
| Can be used for any given purpose | Needs to be used for the specific purpose it is allocated for |
Posted by Mahesh Marandi 5 years, 4 months ago
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Yogita Ingle 5 years, 4 months ago
Business refers to those economic activities, which are connected with the production or purchase and sale of goods or supply of services with the main object of earning profit.
Economic activities may be divided into three major categories i.e. (i) Business (ii) Profession (iii) Employment
Business refers to those economic activities, which are connected with the production or purchase and sale of goods or supply of services with the main object of earning profit. People engaged in business earn income in the form of profit.
Profession includes those activities, which require special knowledge and skill to be applied by individuals in their occupation. Such activities are generally subject to guidelines or codes of conduct laid down by professional bodies. Those engaged in professions are known as professionals. For example, doctors are engaged in the medical profession and are subject to the regulations of the Medical Council of India, the concerned professional body. Similarly, lawyers are engaged in the legal profession, governed by the
Bar Council of India and Chartered Accountants belong to the accounting profession and are subject to the regulations of the Institute of Chartered Accountants of India.
Employment refers to the occupation in which people work for others and get remunerated in return. Those who are employed by others are known as employees. Thus, people who work in factories and receive wages and salaries are in the employment of factory owners and are employees of the factory. Similarly, people who work in the offices of banks, insurance companies or government department, as managers, assistants, clerks, peons or security guards are the employees of these organisations.
Posted by Chaitanya Mehndiratta 5 years, 4 months ago
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Sakshi Pathak 5 years, 4 months ago
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Yogita Ingle 5 years, 4 months ago
- The boundary surface diagram for the s orbital looks like a sphere having the nucleus as its centre which in two dimensions can be seen as a circle.
- Hence, we can say that s-orbitals are spherically symmetric having the probability of finding the electron at a given distance equal in all the directions.
- The size of the s orbital is also found to increase with the increase in the value of the principal quantum number (n), thus, 4s > 3s> 2s > 1s.
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Sujal Vaish 5 years, 4 months ago
Sujal Vaish 5 years, 4 months ago
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Amit Singh 5 years, 3 months ago
Harshita Dhariwal 5 years, 4 months ago
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Yogita Ingle 5 years, 4 months ago
Accounting can be defined as a process of reporting, recording, interpreting and summarising economic data. The introduction of accounting helps the decision-makers of a company to make effective choices, by providing information on the financial status of the business.
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Royal Thakur ? 5 years, 4 months ago
Posted by Teresa Kamei 5 years, 4 months ago
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Yogita Ingle 5 years, 4 months ago
Humanism was a restoration of true civilization after the Dark Age that had set in after the fall of the Roman Empire.
The main features of humanism are given below.
1. Humanism stressed on the individual skills. A person with many skills and interests have been referred to as the Renaissance man. The emerging belief in individual potential helped to identify a town by its citizens.
2. The Humanist thought had a very different idea of history. According to this thought only humanism could revive the long past true civilisation. This revival would enable to end the Dark Age that Europe was then passing through.
3. The establishment of the New Age would mark an end to the period of the supremacy of the Church. The basis of humanism is naturalism, which is antithetical to the beliefs of Christianity.
4. Humanism revived the classical Greek literature. The works of Aristotle and Plato were translated. Along with these subjects modern faculties such as chemistry, mathematics, natural science and astronomy also became a part of the college curriculum.
5. Not only formal education but also art, architecture and books were effective mediums of transmitting humanist ideas. Drawing realistic paintings and sculpting perfectly proportioned figures of men and women were expressions of humanism. Painters and sculptors started to rely on anatomy, geometry and physics to recreate reality.
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Yogita Ingle 5 years, 4 months ago
mN means milli newton, 1 mN = {tex}{{10}^{-3}}{/tex} N.
Nm means Newton-metre.
nm means nanometer, 1 nm = {tex}{{10}^{-9}}{/tex} m.
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