About International Organization for Standardization (ISO)

By | April 16, 2018

ISO (International Organization for Standardization) is the world’s largest developer and publisher of International Standards. ISO was founded in 1947 as a non-governmental federation of national standards bodies. ISO is a network of the national standards institutes of 163 countries, one member per country, with a Central Secretariat in Geneva, Switzerland, that coordinates the system. ISO is a non-governmental… Read More »

The Preamble to the Constitution of India

By | April 16, 2018

The Preamble to the Constitution of India sets out the main objective which the Constituent assembly intended to achieve. The preamble which is based on the “Objectives Resolution” was drafted and moved by Pandit Jawaharlal Nehru and adopted by the Constituent Assembly. It has been amended by 42nd Constituent amendment Act, 1976 by which three new words –… Read More »

Railway Engineering Industries and Institutes in India

By | April 16, 2018

Indian Railway is fully independent in the matter of building all its equipment. The industry is based on railway equipment was established as a Peninsular Locomotive company at Singhbhum district of Jharkhand in 1921. Later, it was named as “Tata Engineering and Locomotive Company’ (TELCO). Some of the railway production units in India are: Chittaranjan Locomotive Works (CLW),… Read More »

Rail Transport in India

By | April 16, 2018

The first passenger train in India was started by Lord Dalhousie, Governor General of India on April 16, 1853, between Bori Bunder, Bombay, and Thane covering a distance of 34 km. Indian Railway was nationalized in 1951 and presently, it is the largest Railway Network in Asia and the second largest railway network in the World. There are… Read More »

Committees of Constitutional Assembly – Chairman

By | April 16, 2018

Some of the chairman’s of committees of the constituent assembly to be remembered in the point of view of competitive examinations such as UPSC, SSC. S.No Committee Chairman 1 Drafting Committee B.R Ambedkar 2 Union Constitution Committee J.L. Nehru 3 Committee for State Negotiation Rajendra Prasad 4 Provincial Constitution Committee Sardar Patel 5 Union Powers Committee Jawaharlal Nehru… Read More »

Payback Period

By | April 14, 2018

The basic characteristic of investment is that a stream of future cash flows follows accuracy outlay for a specified period. A rational investor would try to recoup his initial outlay from the cash flows in the quickest time possible during the economic time of the project. Payback period may be defined as the number of years required to… Read More »

Accounting Rate of Return (ARR)

By | April 13, 2018

Accounting Rate of Return (ARR) method is also known as average rate of return an average of the net profit after taxes over the whole of the economic life of the project is taken. Under this method, the performance is expected as a percentage of capital or investment. Accounting rate of return may be calculated according to any of the… Read More »

Differences between GATT and WTO

By | April 7, 2018

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in the year 1948. The following are the main differences between the General Agreement on Tariffs and Trade… Read More »

Functions of Financial Management

By | April 6, 2018

Functions of financial management can be divided into eight areas. A business manager has to concentrate on the following areas of the finance function: 1. Estimating Financial Requirements: The first task of any financial manager is to determine short-term and long-term financial requirement of his/her business. For this purpose, the financial manager will prepare a financial plan for… Read More »

Notes on Research Design

By | April 2, 2018

Research design has many definitions, but no single definition imparts the full range of essential aspects. Few of the definitions of research design are: Research design constitutes the blueprint for the collection of data, measurement of data and analysis of data. Research design aids the researcher in the allocation of limited resources by posing crucial choices in research… Read More »