Key Differences

Know the Differences & Comparisons

Difference Between NRE and NRO Account

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Non-Resident Indian (NRI) is an Indian national who, for the time being, leaves India for the purpose of employment, education and similar other reason. Persons with such residential status suffer from a dilemma that when they need to open an NRI account in India. NRE account and NRO account two types of NRI account which differ in the sense that the former is an external rupee account while the latter is an ordinary rupee account. NRI's are allowed to open NRO account so as to receive funds … [Read more...]

Difference Between Mutual Fund and ETF

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Out of different investment avenues, mutual funds are considered as the safest form of investment. In mutual funds, many individual investors with common financial goal pool their money, and the asset management company invest the total fund in securities, in the capital and money market. On the other hand, Exchange Traded Fund or ETF is similar like a mutual fund investment, but they are traded on the stock exchange. An exchange-traded fund is a hybrid investment vehicle which amalgamates … [Read more...]

Difference Between GRE and GMAT

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At present, students are very much concerned as well as aware of their education and career. They want to pursue the best course from the top school or college. GRE and GMAT are considered as the pathway for studying abroad in the leading universities, which are conducted by two different bodies. Qualifying Graduate Record Examination (GRE) makes you eligible for taking admission in the graduate schools. On the other hand, the Graduate Management Admission Test (GMAT) is the entry door for … [Read more...]

Difference Between Microcredit and Microfinance

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Microfinance means the broad spectrum of financial services such as loans, insurance, savings etc. provided to the people of low-income groups. Conversely, Microcredit alludes to a small loan provided, at a low-interest rate, to the persons of below poverty line to make them self-employed, i.e. to help the small entrepreneurs start their own business. The scheme is offered to the people of below poverty line who lack collateral, have no access to basic banking services and are not eligible to … [Read more...]

Difference Between Copyright and Trademark

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Intellectual Property, implies the human mind creations, such as artistic works, inventions, images, designs, literary, etc. It is grouped into two classes, i.e. industrial property, which covers trademark, patent, industrial design, etc. and Copyright, that comprises of artistic and literary work. Copyright, as its name suggests, is a right conferred by law that protects the original piece of work from being copied, such as novels, plays, films, photographs, paintings and so on. On the other … [Read more...]

Difference Between Syllabus and Curriculum

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When it comes to education, the two concepts which pop up in our mind which are commonly misconstrued are syllabus and curriculum. Syllabus connotes the subjects as well as the topics covered in the course of study. On the other hand, curriculum implies the chapters and academic content taught in school or college. It alludes to the knowledge, skills and competencies students should learn during study. The fundamental difference between syllabus and curriculum is that the former is focused … [Read more...]

Difference Between Prepaid and Postpaid Connection

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There is always a buzz when we talk about prepaid and postpaid connection. As the name suggests, prepaid refers to the payment made in advance and services are availed afterward. On the other hand, the postpaid connection is one in which you first avail the services and thereafter pay the price for it. Professionals, employees, and people belonging to business class prefer postpaid over prepaid while youngsters believe prepaid is better than postpaid. So the fight between these two SIM … [Read more...]

Difference Between Cash book and Passbook

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There are end number of transactions occur in the normal course of business, where in receipt or payment is made in cash or cheque. To record these transactions the entity uses cash book and contains all the details of the receipts and disbursements that are recorded chronologically. Many times cash book is juxtaposed with Passbook, but there is a slight difference in the two. Passbook is a book issued by the bank to the account holder which records the amount deposited in/withdrawn from the … [Read more...]

Difference Between SWIFT code and IFSC code

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SWIFT stands for Society for Worldwide Inter-bank Financial Telecommunication, which is a cooperative non-profit organization, fully owned by its member banks. SWIFT code is used when the transfer between two banks happens internationally. It is an electronic message transfer system, that conveys messages in a pre-defined format, anywhere in the world as and when the transaction occurs. On the other hand, IFSC code is used when the fund transfers between banks take place within the … [Read more...]

Difference Between FDI and FII

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Foreign Direct Investment (FDI) is defined as the type of investment into production or business in a country, by an enterprise based in another country. It is often contrasted with Foreign Institutional Investment (FII), which is an investment fund, based in the country, other than the country, in which investment is made. Both are the forms of investment made in a foreign country. FDI is made to acquire controlling ownership in an enterprise but FII tends to invest in the foreign financial … [Read more...]