Tag: investing
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Payment of Wages Act, 1936 for competitive exams
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Payment of Wages Act, 1936: Comprehensive Study Material The Payment of Wages Act, 1936, is a pivotal piece of labor legislation in India aimed at safeguarding the rights of workers by regulating the payment of wages. Enacted during the British colonial era, it addresses issues like timely wage disbursement, prevention of arbitrary deductions, and establishment…
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Opening Up of the Indian Economy
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Balance of Payments, Exchange Rates, Types of Currencies, and Management This study material is designed for aspirants preparing for competitive exams like UPSC, banking, or economics-related tests on cracktarget.com. It covers the key topics in a structured, easy-to-understand format with definitions, explanations, examples, tables, and visuals. Focus on understanding concepts, historical context (especially the 1991…
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Inflation: Comprehensive Study Material
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Inflation Introduction to Inflation Inflation refers to a sustained increase in the general price level of goods and services in an economy over time, which erodes the purchasing power of money. It is typically measured as an annual percentage increase using indices like the Consumer Price Index (CPI). Moderate inflation (around 2-3%) is often seen…
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Monetary Policy: Comprehensive Study Material
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Welcome to CrackTarget.com’s ultimate guide on Monetary Policy. This study material is designed for competitive exams like UPSC, RBI Grade B, Banking exams (IBPS, SBI), SSC, and others where economics plays a key role. We’ve structured it with clear sections, key definitions, instruments, types, and roles of financial institutions. Use the bullet points for quick…
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Study Materials: Introduction to Demand and Supply
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1. Microeconomics vs. Macroeconomics Overview Economics is broadly divided into two main branches: microeconomics and macroeconomics. These branches help us analyze economic phenomena at different scales. Demand and supply are core concepts primarily studied in microeconomics, but they have implications for macroeconomic issues like inflation and unemployment. Key Differences Use the table below to compare…
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LAST MINUTE STUDY NOTES Accountancy and Audit for UPSC EPFO 2025
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🧾 ACCOUNTING & COST ACCOUNTING CONCEPTS 1. Break-even Point (BEP) 2. Depreciation 3. Double Entry System 4. Ledger & Cash Book 5. Final Accounts Include: 6. Accounting Concepts & Principles 7. Reserves & Suspense Account 8. Valuation & Standards 💰 FINANCIAL MANAGEMENT CONCEPTS 9. Financial Management 10. Working Capital 11. Capital Budgeting 12. Leverage 13.…
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120 UPSC-Level MCQs on Accountancy and Audit
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(as per UPSC EPFO Syllabus) Below is a set of 120 multiple-choice questions (MCQs) at UPSC level, based on the UPSC EPFO syllabus for Accountancy and Audit. The questions cover key topics such as accounting principles, financial statements, depreciation, cost accounting, management accounting, auditing principles, types of audits, vouching, verification, and related areas. Each question…
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Capital and Revenue Profit and Losses, and Depreciation: UPSC EPFO APFC
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1. Capital and Revenue Profit Revenue Profit Capital Profit 2. Capital and Revenue Losses Revenue Losses Capital Losses 3. Depreciation: Meaning and Features Meaning of Depreciation Features of Depreciation 4. Methods of Calculating Depreciation As per Accounting Standard-6, the selected method should be used consistently; a change is allowed only in specific circumstances. 1. Straight…
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Partnership: Accounting for UPSC EPFO APFC
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What is a Partnership? Key Features of Partnership Partnership Deed Contents Include: Rules if There is No Partnership Deed If there’s no written deed, default rules are: Interest on Capital Goodwill Methods of Valuing Goodwill Types of Capital Accounts Admission of a Partner Main Points on Admission Retirement and Death of Partner Dissolution of Partnership…
