Now we go beyond basics → how exam questions are actually asked 📊 Balance Sheet Equation (core) 👉 Assets = Liabilities + Equity Types of Assets (VERY IMPORTANT) ✅ Current Assets (Short-term) 👉 Used within 1 year ✅ Non-Current Assets (Long-term) Types of Liabilities ✅ Current Liabilities ✅ Non-Current Liabilities ⚠️ Exam Trap 👉 High

📌 What is Economy? 👉 Economy = total money activity in a country Example: Production, buying, selling in India 📌 GDP (MOST IMPORTANT) 👉 GDP = total value of goods & services produced in a country 👉 Simple meaning: 📌 Interest Rate 👉 Interest rate = cost of borrowing money Set by: Reserve Bank of

📌 What is Investment? 👉 Investment = putting money today to earn more in future Example:You buy a stock at ₹100 → it becomes ₹120 → profit ₹20 📌 Types of Investments (VERY IMPORTANT) 1. Equity (Stocks) Example: Buying shares of Reliance Industries 2. Debt (Bonds / FD) 3. Mutual Funds Example: SBI Mutual Fund