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Software and Its Types
In a computer system, the software is basically a set of instructions or commands that tells a computer what to do. Or in other words, the software is a computer program that provides a set of instructions to execute a user’s commands and tell the computer what to do. For example like MS-Word, MS-Excel, PowerPoint…
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Foreign Exchange : Understanding Its Determinants and Types of Exchange Rate Systems
Foreign exchange refers to an exchange of one currency with another currency. It is the act of converting one currency into another currency based on their relative values. Such an act of foreign exchange is done with the help of a foreign exchange rate. A foreign exchange rate is the price of domestic currency stated…
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Bank Guarantee (BG) : Concept, Importance and Types
Concept A Bank guarantee is an important banking arrangement that plays a vital role in promoting international and domestic trade. It is concerned with three parties: the buyer, the seller, and the guaranteeing bank. BH is issued by a bank upon the request of the applicant for the guarantee amount to the beneficiary. A bank…
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Financial Statements of Commercial Banks and Their Major Headings
Major Headings in Profit and Loss Account With regard to NRB Unified Directive and other reporting legal provisions, the headings in profit and loss account of commercial bank are as follows: Net Interest Income (Interest Income – Interest Expenses) Total Operating Income (3+4+5) Operating Profit Before Provision for Possible Loss Operating Profit Profit/Loss from Regular…
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MCQs on Accountancy and Finance – Set 1
1. The price reductions offered to customers for large orders, to encourage them to purchase in large quantities is known as ___. A. Freebies B. Quantity discounts C. Normal discounts D. Premiums Correct answer: B. Quantity discounts 2. A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed…
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Computer Hardware and Its Types
Computer hardware is a collective term used to describe any of the physical components of an analog or digital computer. The term hardware distinguishes the tangible aspects of a computing device from software, which consists of written, machine-readable instructions or programs that tell physical components what to do and when to execute the instructions. Computer…
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Public Debt and Its Management
The public debt is how much a country owes to lenders outside of itself. These can include individuals, businesses, and even other governments. The term “public debt” is often used interchangeably with the term sovereign debt. Public debt usually only refers to the national debt. Some countries also include the debt owed by states, provinces,…
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Core Banking System (CBS) : Role and Risk In Banking Service Delivery
Core Banking System (CBS) is a back-end system that processes daily banking transactions across all of the various branches of a given bank. It is a Centralized Online Real-time system. The function of core banking is to connect multiple branches of the same bank to provide 24/7 real-time services for customers. Major functions facilitated by…
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Auditor – Few Things To Know About
A person who performs the task of audit is called an auditor. An auditor is a professional having knowledge, skills and expertise in examining the books of records to access its accuracy and compliance with legal, accounting and financial standards. The auditor is responsible to report the findings of the audit. She/he holds the accountability…
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FIFA World Cup 2026 – Everything You Need To Know
1. Tournament at a Glance The 2026 FIFA World Cup was the 23rd edition of the FIFA World Cup for senior men’s national teams. Canada, Mexico and the United States jointly hosted the tournament from 11 June to 19 July 2026, covering 39 calendar days. A record 48 teams representing all six FIFA confederations competed…
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