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Essential GS Part - 1 PDF
Essential GS Part - 1 PDF
IN
WWW.SSC-CGL2014.IN
WWW.SSC-CGL2014.IN
BANKING TERMS
1. Balance of Trade :
The value of a countrys exports minus the value of its imports. Unless specified as the
balance of merchandise trade, it normally incorporates trade in services, including earnings
(interest, dividends, etc.) on financial assets.
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WWW.SSC-CGL2014.IN
2. Balance of Payments :
A list of all of a countrys international transactions for a given time period, usually one
year. Payments into the country (receipts) are entered as positive numbers, called credits;
Payments out of the country (payments) are entered as negative numbers called debits. A
single numbers summarize all of a countrys international transactions: the balance of
payments surplus.
3. MFN (Most Favored Nation) :
The principle, fundamental to the GATT, of treating imports from a country on the same
basis as that given to the most favored other nation. That is, and with some exceptions,
every country gets the lowest tariff that any country gets, and reductions in tariffs to one
country are provided also to others.
4. Balanced Budget :
A government budget surplus that is zero, thus with net tax revenue equaling expenditure.
A balanced budget changes in policy or behavior is one which a component of the
government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.
5. Balanced Growth of an Economy:
Growth of an economy in which all aspects of it, especially factors of production, grow at the
same rate.
9 NRI Day
10 World Laughter Day
12 National Youth Day
15 Army Day
26 India's Republic Day, International Customs Day
30 Martyrs' Day; World Leprosy Eradication Day
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2 Coconut Day
5 Teachers' Day; Sanskrit Day
8 World Literacy Day (UNESCO)
15 Engineers' Day
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