Explanation
The words "bull" and "bear" are primarily used in the stock exchange and financial markets to describe the overall sentiment and direction of the market.
A "bull" market is a period of rising stock prices and optimism among investors, while a "bear" market is a period of falling stock prices and pessimism among investors. These terms are often used to describe the general trend of the market as a whole, rather than individual stocks or sectors.
In the currency market, the terms "bull" and "bear" can also be used to describe the overall sentiment and direction of a particular currency or currency pair. A "bullish" outlook on a currency means that the market expects it to appreciate in value, while a "bearish" outlook means that the market expects it to decline in value.
The words "bull" and "bear" are not commonly used in the income tax department or revenue department, as they are not related to taxation or revenue collection.
