NCERT Book Class 11 Statistics Glossary Of Statistical Terms

The Association of South-East Asian Nations (ASEAN) : It is a political,economic, and cultural organisation of countries located in South-east
Asia—Thailand, Indonesia, Malaysia, Singapore, the Philippines, BruneiDarussalam, Cambodia, Laos, Myanmar and Vietnam.

Balance of Payments (BOP) : It is a statistical statement summarising allthe external transactions (receipts and payments) on current and capital account in which a country is involved over a period of time, say, a year. As the BOP shows the total assets and obligations over a time-period, it always balances.

Barriers to Entry : This refers to the factors which make it disadvantageous for new entrants to enter an industry as compared with the firms already
established within the industry.

Better Compliance : Obeying or complying with the Government regulation. It is referred to usually in case of payment of taxes and dues to the
Government.

Bilateral Trade Agreements : The agreements relating to exchange of commodities or services between two countries.

Brundtland Commission : A Commission established by United Nations Organisation in 1983 to study the world’s environmental problems and propose agenda for addressing them. It came out with a report. The definition provided by the Commission for the term, ‘sustainable development’, is very popular and widely cited all over the world.

Budgetary Deficit : A situation when the government’s income and tax receipts fail to cover its expenditures.

Bureau of Energy Efficiency (BEE) : It is a government organisation that aims to develop policies and strategies with a thrust on self regulation and market principles. It promotes energy conservation in different sectors of the economy and undertakes measures against the wasteful uses of electricity.

Business Process Outsourcing (BPO) : Outsourcing of business processes (activities constituting a service) by companies to other companies. This
term is frequently associated with outsourcing of such activities (e.g. receiving and making calls on behalf of other companies popularly known as call centres), by foreign companies to Indian companies in the field of IT-enabled services.

Please refer to attached file for NCERT Class 11 Statistics Glossary Of Statistical Terms