Bank-PO (IBPS) General-Awareness Banking and Finance Revision (Page 19 of 40)


Contracts to buy something in the future at a price agreed upon in advance. First developed in the agriculture commodity markets but often involve foreign exchange, and Government bonds.

Going-concern value

The value of the firm as a whole over and above the sum of the values of each of its parts; the value of an organization’s learning and reputation.


The excess of the purchase price paid for a firm over the book value received. Recorded on the acquirers’ balance sheet.

Gross Domestic Product (GDP)

The total of market value of the finished goods and services produced in a country in a given year. Comprising three sectors viz. Agriculture, Industry & Services.

Gross National Product (GNP)

The total market value of finished goods and services produced in the country in a given year, plus the income of domestic residents from investments made abroad, minus the income earned by foreigners abroad from the domestic market.

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