Bank-PO (IBPS) General-Awareness Banking and Finance Revision (Page 30 of 40)

Product Mix

The composite of products offered for sale by an organization.


The amount of physical output for each unit of productive unit.

Promissory Note

A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company at a specified future date.

Purchasing Power Parity

The concept that homogeneous goods cannot have more than one price measured in any one currency. If the price increases domestically, the domestic currency will depreciate so that the price denominated in foreign currency remains the same.

Pure Conglomerate Merger

A combination of firms in non-related business activities that is neither a product-extension nor a geographic-extension merger.


Refers to the credit quality of a counterparty. External ratings are given by rating agencies (ranging from AAA very safe asset to C). Internal ratings are granted by the bank itself.

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