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               LTP stand for Last Trade Price. Stock price are always fluctuates according to availability of shares for sale and the demand for the those shares. At any time the price seen of the stock is called last traded price. Stock price is not set by anyone. Those who have share to sell put a price willing to sell and those who want to buy shares put a price willing to pay. Stock exchanges then match buyers and sellers. The seller received the bid price,the buyer pays the ask price so the transaction completed.        It can be understand in simple buyers place bids in the market mentioned how much they wish to buy and at what price. Seller post an offer also known as ask stipulating how much they want to sell and what price. Whenever a buy and sell order come together at the same price and transaction completed ,an last traded price is created.

         KYC stand for Know Your Customer. It is a process followed by a financial  institution or other organisations to collect the information to established the identity of a client. This process was introduced by Reserve Bank of India to curb the financial frauds such as identity theft,illegal transactions and money laundering. RBI has instructed the banks to follow the KYC process while opening the account to curb any illegal transactions.         This process protects the customers from fraudsters who might use their name,address and forged signature to make illegal transactions. It also involves obtaining information of the customers which include all their personal details with attached proofs that works as an authentication of the customers activity and assures the respective bank and organisation about a clean record of that client/customers. PURPOSE OF KYC         The followings are main objecti...

                ISIN stand for International Securities Identification Number. It is a unique code that is used to identify securities. The National Number Agency ( NHA) is responsible for allocating ISINs for all securities issued in the country. Since 2004 the ISIN code became extremely important when the European union mandated the use of the system for significant regulatory reporting needs. FEATURES OF THE ISIN            Those who are involved in the trading securities internationally have to use the ISIN numbering scheme. The United States and Canada uses the CUSIP numbering system that is similar to ISIN. The main features of the ISIN are as follows-- The first two letters of the ISIN code refer to the country in which the issuing company is based out of. The nine digits identify specific security and act as a unique identifier. The final character also referred to as the 'check digit' checks forge...

SOCIAL SCIENCE  HISTORY CLASS - 8  CHAPTER - 5  WHEN PEOPLE REBEL Question no. 1  What was the demand of Rani Lakshmibai of Jhansi that was refused by the British? Answer no. 1 Rani Lakshmibai of Jhansi demanded the company recognise her adopted son as the the heir of the kingdom after the death of her husband. But the British refused to accept her adopted son as heirs of Jhansi. Lord Dalhousie had introduced 'doctrine of lapse' according to this rule if an Indian ruler died without male heir his Kingdom would lapse and such Kingdom would be annexed with the British Empire. The company was confident of its superiority and military power, turn down her demand. Question no. 2 What did the British do to protect the interests of those who converted to Christianity? Answer no. 2 After 1830, the company allowed Christian Missionaries to function freely in its domain and even own land property. In 1850 a new law was passed to make conversion to Chr...

         IRDA stand for Insurance Regulatory and Development Authority. IRDA is the regulatory body in India which governs both Life Insurance and General Insurance companies. India is a very big country that offers great opportunities to various segments one of that is the insurance sector. ESTABLISHMENT OF IRDA         Insurance in India started in the year 1850 with the first General Insurance Company established in Kolkata. As time passes the insurance market becomes competetive as many insurers started emerging both in life and non life sectors. The existing companies practised their business on their own rates and rules. It made customers insecure that brought the credibility of the insurance market at stake. To secure the customers interest government realised that there should be independent regulatory which can regulate all the insurance companies. Hence government established the IRDA. FUNCTION OF IRDA       IR...

            IPF stand for Investor Protection Fund. NSE has established an Investor Protection Fund with the objective of compensating investors in case of defaulters asset not being sufficient to fulfill the admitted claims of the investors,for investors education and awareness. The investors protection fund is administered by registered trust created for the purpose. The investor protection fund trust is managed by trustee,consisting of public representative,board members and senior officials of the exchange.             The stock exchanges have beented to fix legitimate compensation limits in consultation with investor protection fund/ customer protection fund trust. It is also provided that the amount of compensation available against a single claim of an investor arising out of default by a member broker of a stock exchange shall not be less than Rs one lakh in case of major stock exchange like BSE and NSE and Rs 50...

            ICAI stand for Institute of Chartered Accountants of India. This institute was previously known as The Institute of Cost and Works Accountants of India ( ICWAI). In 1959 the Institute was established under the Cost and Works Accountants Act. The act declared the institute as a statutory professional body for the regulation of the profession of cost and management accountancy. ICMAI has been responsible greatly for the changing and improving industrial and economic condition of India. Its headquarter in Kolkata and has three other regional  located on Chennai,Delhi and Mumbai. FUNCTION OF ICMAI           ICMAI is constantly working to grow some of the objectives are as follows -- Making Cost and Management Accountancy a helpful tool in all economic activities. Implementing effective and scientific methods in Cost and Management Accountancy. Keeping updates with all the changing happens in the field and ec...