ICSE Class 10 Mathematics — Flashcards for Quick Revision

A: GST is an indirect tax levied by the Centre and State governments on the supply of goods and providing services. It is based on the principle of 'one nation, one tax' and was implemented on 1st July 2

A: A dealer is a person, firm, or company who buys goods or provides services. Registration of a dealer is mandatory under GST, and only a registered dealer can charge and collect GST on the sale of good

A: Intra-state sales: Sales of goods and services within the same state or union territory. Inter-state sales: Sales of goods and services outside the state or union territory. The type of sale determine

A: A bank is an organisation whose principal operations are concerned with the accumulation of the temporarily idle money of the general public for the purpose of advancing to others for expenditure.

A: Banking is the business of receiving, safeguarding and lending of money. Banks take deposits from people who have spare money and lend it to those who need money for business or other purposes.

A: 1. Getting deposits from customers 2. Lending money to borrowers 3. Transferring money from one place to another 4. Providing traveller cheques and foreign exchange 5. Renting deposit vaults (lockers)

A: Capital is the total amount of money invested in a company by all shareholders. It represents the financial resources used to start and operate the business.

A: Share: The small parts into which the capital of a company is divided. Shareholder: Each person who buys one or more shares of a company. Each shareholder gets a share certificate showing the number o

A: Nominal Value (Face Value): The original printed price of a share when it was first issued. Market Value: The current price at which a share is bought or sold in the market. This value changes from ti