Economic Glossary | Absolute advantage | Bankers Algo
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No one can make you feel inferior without your consent

-by Eleanor Roosevelt

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Economic Glossary

    Absolute advantage

The ability to produce something with fewer resources than other producers would use to produce the same thing.

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08 Nov

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NGO the Harmony Foundation honored former Miss Universe Sushmita Sen with the Mother Teresa Memorial International Award...

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Banker's Algo Daily Dose

Word of the day



Having or showing little or no emotion

Synonyms: flat, impassive, indifferent, insensible, uninterested, unmoved, unresponsive

Antonyms: caring, concerned, interested, responsive

Apti Question of The day


Mr. ‘X’ invested certain amounts in two different schemes ‘A’ and ‘B’. Scheme ‘A’ offers simple interest at 12% pa. And scheme ‘B’ offers compound interest at 10% pa. Interest accrued on the amount invested in scheme ‘A’ in two year was Rs. 3,600 and the total amount invested was Rs. 35,000. What was the interest accrued on the amount invested in scheme ‘B’?

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