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The Full Form of BPL is Below Proverty Line. Below Proverty Line (BPL) is a benchmark set by the government of India to identify the economically weaker people and households in urgent need of government support. Below Proverty Line (BPL) refers to a threshold income. The people whose income is below this threshold income are considered to be poor or below poverty line. Government launches various schemes to help the Below Proverty Line (BPL) section so that their basic needs of living  like food, shelter and clothes could be fulfilled. The Government uses various parameters to identify the people living  below poverty line (BPL) sections. These parameters may be different for different state and may be different for rural and urban area and the different countries have different parameters and methods to define the poverty line. Parameters to define Below Poverty Line (BPL) : 1.Type of house 2.Status of children 3.Consumer durables 4.Food security 5.C...

Full Form of IMF is International Monetary Fund. IMF is  an international organization it was introduced in the year 1945 to promote the global economic growth, monetary cooperation, financial stability, international trade, and to reduce poverty throughout the world. IMF achieves its objective in this ways: 1.Keeps track of  global economic and the economies of member countries. 2.Lending to the countries facing the balance of payments issues Providing practical help to the  members. The functions of IMF are as follows: 1.Exchange Stability: IMF may discourage the  fluctuations in the rate of exchange to maintain exchange stability. 2.BOP Disequilibrium: It helps member countries to minimize the disequilibrium of balance of payments by selling or lending foreign currencies to the members. It may advise its members to change the par value of its currencies if there are fundamental changes in the economies of its members. ...

The Full Form of SENSEX is Sensitive Index. The Sensex is a indicator of a stock market. There are many other indicator other than Sensex. Stock market is a place where you can sell or buy shares or stocks of any companies. An index is basically an indicator which gives us a general idea about stocks going up or down in the stock market.   Sensex is an indicator of all the major companies listed on Bombay Stock Exchange which is situated at Bombay.  The Sensex goes up when prices of stock of major companies on Bombay Stock Exchange goes up and it goes down when the latter goes down. The same condition applies to Nifty also. Sensex and Nifty are the major stock exchanges in the country. Most of the stock trading in the country is done though the Bombay Stock Exchange. How the Sensex  are calculated: Sensex is calculated by consideration stock prices of 30 different companies listed on BSE , Sensex is calculated using free float market capitalization m...

A Full Form of SEBI  is Securities and Exchange Board of India. SEBI  Securities and Exchange Board of India. SEBI was established on 12 April 1992 to regulate the securities market of India. The Headquartered of SEBI is located in Mumbai. SEBI has four regional offices located in New Delhi, Chennai, Kolkata and Ahmadabad.  SEBI has opened a local offices at Jaipur and Bangalore and planning to open offices at Guwahati, Bhubaneshwar, Patna, Kochhi and Chandigarh also. Powers of SEBI SEBI is a incorporated with some necessary powers to function properly. These powers are: > Check the books of accounts of financial intermediaries. > Imposes fees and other charges on the intermediaries for performing its function. > Ensure certain companies to list their shares in one or more stock exchanges. Members SEBI is managed by its members. Those members are: Chairman: He is nominated by Union Government of India. Eight Members: Out of ...

Full Form of ATM is  Automated Teller Machine .  ATM is electromechanical machine which is used for making financial transactions from a bank account of the customer. These machines are used to withdraw money from personal bank accounts of an individuals. Automated Teller Machine ( ATM) makes banking process very easy because these machines are automatic and there is no need of human cashier for transaction.  The  Automated Teller Machine ( ATM) machine can be of two types one with basic functions where you can withdraw cash and another one with more advanced functions where you can also deposit cash and do Net Banking

Full Form of  LIC is  Life Insurance Corporation  of India. Life Insurance Corporation of India (LIC)  is a public sector company in India that mainly deals with life insurance products and investment plans.  Life Insurance Corporation of  India   (LIC)  motto is "Yogakshemam Vahamyaham" its means "your welfare is our responsibility". Life Insurance Corporation of India  (LIC)  was established in 1956 when Parliament of India passed the Life Insurance of India Act. This act merged and nationalized around 245 private insurance companies and provident societies to create state-owned Life Insurance Corporation  (LIC) . Life Insurance Corporation of India  (LIC)  is the largest life insurance company in the country . Life Insurance Corporation of India  (LIC)   is  headquartered at Mumbai, India . LIC  has 8 zonal offices, 113 divisional offices and more than 2000 branches. It also has more ...

Full Form of TCS is  Tax Collected at Source . Tax Collected at Source  (TCS) is the income tax collected by the Seller from the Buyer that is from the customer for the purchases of specific goods or services. Tax Collected at Source (TCS) is collectible on the specified transactions by the ‘Seller’. It is collected generally on  sale of a tangible goods with  exception of money’s collected on granting of licenses for Parking Lot, Toll Plaza and Mining.                                                or TCS also Stands for Tata Consultancy Services Limited . Tata Consultancy Services Limited is  Indian multinational information technology service, consulting and business solutions . The company headquartered in Mumbai, Maharashtra.

Full Form of  GDP is   Gross Domestic Product  Gross Domestic Product (GDP)  is the total market value of goods and services that are produces within the country in a particular period of time. Gross Domestic Product  (GDP)  is important for country because it  measures the monetary value of final goods and services in the country  Ie, those that are bought by the final consumer  produced in a country in a given period of time. Gross Domestic Product  (GDP)  is  used to measure the size of an economy and overall growth or decline in the economy of a country. Gross Domestic Product  (GDP)  indicates the economic health of a country as well as specifies the living standard of the people of a  country, i.e. as the GDP increases the living standard of the people also increases. A country having good GDP is considered as a good  for living . In India,the three main sectors that contribute to...