Friday 18 March 2016

USEFUL TERMS

ADB: Asian Development Bank
· ADR: American Depositary Receipt
· AIDWA: All India Democratic Woman’s Association
· AITUC: All India Trade Union Congress
· AMFI: Association of Mutual Funds in India
· APEC: Asia-Pacific Economic Cooperation
· APL: Above Poverty Line
APM: Administered Pricing Mechanism
· ARC: Asset Reconstruction Company
ARDR: Agricultural and Rural Debt Relief
· ASBA: Application Supported by Block Amount
ASEAN: Association of South-East Asian Nations
ASEM: Asia-Europe Meeting
ASSOCHAM: Associated Chambers of Commerce and Industry
· ATM: Automated Teller Machine
BIFR: Board of Industrial and Financial Reconstruction
· BCBS: Basel committee for Banking Supervision
BCSBI: Banking Codes and Standards Board of India
· BIS: Bureau of Indian Standards
· BOLT: BSE On-Line Trading (System)
· BOT: Build, Operate and Transfer
· BPL: Below Poverty Line
BPO: Business Process Outsourcing
BSE: Bombay Stock Exchange
CA: Chartered Accountant
CABE: Central Advisory Board of Education
· CACP: Commission of Agriculture Cost and Price
C & AG: Comptroller & Auditor General
· CAMELS: C - Capital adequacy, A - Asset quality, M - Management quality, E – Earnings, L – Liquidity, S - Sensitivity to Market Risk
· CAPART: Council for People’s Action and Advancement of Rural Technology
· CAR: Capital adequacy ratio
· CARE: Credit Analysis & Research Ltd.
· CBS: Core banking solution
· CCI: Competition Commission of India
· CCIL: Clearing Corporation of India limited
· CDSL: Central Securities Depository Limited
CECA: Comprehensive Economic Cooperation Agreement
· CEPA: Comprehensive Economic Partnership Agreement
CIBIL: Credit Information Bureau (India) Ltd
· CII: Confederation of Indian Industry
CIS: Commonwealth of Independent States
CHOGM: Commonwealth Heads of Government Meeting
CITES: Convention on International Trade in Endangered Species
CITU: Centre Of Indian Trade Unions
CMP: Common Minimum Programme
CPI (UNME): The Consumer Price Index for Urban Non-Manual Employees.
· CPI (AL): Consumer Price Index for Agricultural Laboures.
· CPI (IW): Consumer Price Index for Industrial Workers
· CPI (RL): Consumer Price Index for Rural Labourers
· CRAR: Capital to Risk (Weighted) Assets Ratio
· CRISIL: Credit Rating Information Services of India Limited
CRR: Cash Reserve Ratio
CSIR: Council of Scientific and Industrial Research
· CST: Central Sales Tax
· CTT: Commodities Transaction Tax
DA: Dearness Allowance; Daily Allowance
DMIC: Delhi-Mumbai Industrial Corridor
DPEP: District Primary Education Programme
· ECA: Essential Commodity Act
ECB: External Commercial Borrowings
· ECS: Electronic clearing system
· EDUSAT: Education Satellite
· EEE: Exempt Exempt Exempt
EET: Exempt Exempt Taxation
EFA: Education for All
· EFT: Electronic fund transfer
EEFC Accounts: Exchange Earners Foreign Currency Account
· EGoM: Empowered Group of Ministers
· EMI: Equated Monthly Installment
EMS: European Monetary System
ERNET: Educational and Research Network
ESA: European Space Agency
ESCAP: Economic and Social Commission for Asia and Pacific
ESMA: Essential Services Maintenance Act
ESOP: Employee Stock Option Programme
EU: European Union
FAO: Food and Agriculture Organisation
FCCB: Foreign Currency Convertible Bond
FCNR: Foreign Currency (Non-Resident) Accounts Scheme
· EPF: Employees Provident Fund
· EPFO: Employees Provident Fund Organization
· FDI: Foreign Direct Investment
FEMA: Foreign Exchange Management Act
FERA: Foreign Exchange Regulations Act
FICCI: Federation of Indian Chambers Of Commerce and Industry
· FII: Foreign Institutional Investors
FIPB: Foreign Investment Promotion Board (Of India)
· FMCG: Fast Moving Consumer Goods
· FPO: Follow on Public Offer
FRBM: Fiscal Responsibility And Budget Management
FSSA: Food Safety And Standards Authority (Of India)
FTA: Free Trade Area
· GATT: General Agreement On Tariffs And Trade
GCC: Gulf Cooperation Council
· GDP: Gross Domestic Product
· GDR: Global Depositary Receipt
GEF: Global Environment Fund
· GIC: General Insurance Corporation
GNP: Gross National Product
· GST: Goods and Service Tax
· HDFC: Housing Development Finance Corporation Limited
HDI: Human Development Index
· HSBC: Hongkong and Shanghai Banking Corporation Limited
· HUDCO: Housing And Urban Development Corporation
IAAI: International Airport Authority Of India
· IAAS: Indian Audit and Accounts Service
· IADF: International Agricultural Development Fund
· IAEA: International Atomic Energy Agency
· IAEA: International Atomic Energy Agency
· IASB: The International Accounting Standards Board
IBRD: International Bank for Reconstruction And Development
· ICAI: Institute of Chartered Accountants of India
· ICAR: Indian Council of Agricultural Research
ICCW: Indian Council for Child Welfare
ICDS: Integrated Child Development Service
ICMR: Indian Council of Medical Research
· ICICI: Industrial Credit and Investment Corporation of India
· ICOR: Incremental capital output ratio
ICRC: International Committee of Red Cross
IDA: International Development Association
· ICRA: Investment information and Credit Rating Agency
IES: Indian Economic Service
IEX: Indian Energy Exchange
IFRS: International Financial Reporting Standard
IFSC: Indian financial system code
IFTU: International Federation of Trade Unions
IFWJ: Indian Federation of Working Journalists
IIP: The Index of Industrial Production
IIPA: Indian Institute of Public Administration
IISS: International Institute of Strategic Studies
ILO: International Labour Organisation
IMF: International Monetary Fund
IMO: International Maritime Organisation
· IDR: Indian Depository Receipts
IDBI: Industrial Development Bank of India
· IMF: International monetary fund
· IMRB: Indian Market Research Bureau
· INMARSAT: International Maritime Satellite Organisation
INTERPOL: International Police Organisation
INTUC: Indian National Trade Union Congress
IOC: International Olympic Committee
IPCC: Intergovernmental Panel on Climate Change
IPEC: International Programme on Elimination Of Child Labour
· IPO: Initial public offer
IPR: Intellectual Property Right
IRDA: Insurance Regulatory and Development Authority
IREP: Integrated Rural Energy Planning
ISO: International Standardisation Organisation
ISS: International Space Station
ITDC: Indian Tourism Development Corporation
ITO: International Trade Organisation; Income-Tax Officer
ITU: International Tele-Communication Union
JNNURM: Jawahar Lal Nehru National Urban Renewal Mission
KPO: Knowledge Process Outsourcing
· KYC: Know your customer
· LDC: Least Developed Countries
· LIBOR: London Inter Bank Offer Rate
LIC: Life Insurance Corporation (Of India)
LLP: Limited Liability Partnership
MAT: Minimum Alternative Tax
· MAIT: Manufacturers’ Association for Information Technology
· MCAP: Market capitalization / Mid cap
· MDG: Millennium development goals
MEP: Minimum Export Price
· MFA: Multi-Fibre Agreement
· MFI: Micro finance institution
· MFIN: Micro finance institution network
MFN: Most Favoured Nation
· MIBOR: Mumbai Interbank offer rate
· MIN: Mutual fund identification no.
· MNC: Multi-National Corporation
MRTPC: Monopolies and Restrictive Trade Practices Commission
MRTS: Mass Rapid Transit System
MSME: Micro Small and Medium Enterprises
· MSP: Minimum support price
MTO: Multilateral Trade Organisation
· NABARD: National Bank for Agriculture and Rural Development.
· NAEP: National Adult Education Programme
· NAFED: National Agricultural Cooperative Marketing Federation of India Ltd
NAFTA: North America Free Trade Agreement
· NAM: Non-Aligned Movement
NAMA: Non-Agriculture Market Access
NASDAQ: National Association of Securities Dealers Automated Quotation
NATO: North Atlantic Treaty Organisation
NAV: Net Asset Value
· NBFC: Non Banking Finance Companies
· NCAER: National Council Of Applied Economic Research
NCERT: National Council Of Education Research And Training
· NCPCR: National Commission for Protection of Child Rights
· NDC: National Development Council
· NEFT: National Electronic Fund Transfer
NEGP: National E-Governance Plan
NEP: National Education Policy
NFO: New Fund Offers
· NHAI: National Highways Authority of India
NHDP: National Highways Development Project
NHRC: National Human Rights Commission
NIFT: National Institute of Fashion Technology
NIO: National Institute of Oceanography
NLMA: National Literacy Mission Authority
· NMDC: National Mineral Development Corporation
· NNP: Net National Production
· NPA: Non Performing Asset
NPR: National Population Register
MGNREGA: National Rural Employment Guarantee Act
NSE: National Stock Exchange
NSDL: National Securities Depository Limited
NSE: National Stock Exchange
· NSSO: National Sample Survey Organization
NTPC: National Thermal Power Corporation
ODA: Official Development Assistance
OECD: Organisation of Economic Co-Operation and Development
OGL: Open General License
OIC: Organisation of Islamic Countries
OIL: Oil India Limited
· OMCS: Oil Marketing Companies
ONGC: Oil And Natural Gas Commission
OPEC: Organisation Of Petroleum Exporting Countries
· OSCE: Organisation For Security And Cooperation In Europe
PAC: Public Accounts Committee
PAN: Permanent Account Number (Of Income-Tax)
PATA: Pacific-Asia Travel Association
· PCI: Per capita income
· PDS: Public Distribution System
PIL: Public Interest Litigation
PIO: Persons Of Indian Origin
PN: Participatory Note
PoP: Point Of Purchase
· PPF: Public Provident Fund
· PPP: Public private partnership / Purchasing power parity
· PTA: Preferential Trade Area
· PURA: Providing urban amenities in rural areas
· QIB: Qualified Institutional Buyer
· QIP: Qualified Institutional Placement
QR: Quantitative Restriction
RBI: Reserve Bank Of India
· RIDF: Rural infrastructure development fund
· RRB: Regional Rural Bank
RRPI: Rural Retail Price Index
RTGS: Real Time Gross Settlement System
SAARC: South Asian Association for Regional Co-Operation
SAFTA: South Asian Free Trade Area
SAIL: Steel Authority of India Limited
SAPTA: SAARC Preferential Trading Agreement
· SARFAESI ACT: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
SCO: Shanghai Cooperation Organisation
SCOPE: Standing Conference On Public Enterprises
SDR: Special Drawing Rights
SEBI: Securities And Exchange Board Of India
· SEZ: Special Economic Zone
SIDBI: Small Industries Development Bank of India
SEWA: Self employed woman’s association
SLR: Statutory Liquidity Ratio
STT: Securities Transaction Tax
SWIFT: Society for Worldwide Financial Telecommunications
TDS: Tax Deduction at Source
· TIFR: Tata Institute Of Fundamental Research
TIN: Tax Information Network
TINXSYS: Tax Information Exchange System
TISCO: Tata Iron and Steel Company
· TPDS: Targeted Public Distribution System
TRAI: Telecom Regulatory Authority Of India
TRIMS: Trade Related Investment Measures
TRIPS: Trade Related Intellectual Property Rights
TRYSEM: Training Of Rural Youth For Self Employment
UN: United Nations
UNCTAD: United Nations Conference On Trade And Development
UNDP: United Nations Development Programme
UNEF: United Nations Emergency Force
UNEP: United Nations Environment Programme
UNESCO: United Nations Educational, Scientific And Cultural Organisation
· UNFCCC: United nation framework convention on climate change
UNFPO: United Nations Fund For Population Activities
UNHCR: United Nations High Commissioner For Refugees
UNHRC: United Nations Human Rights Commission
UNICEF: United Nations International Children’s (Emergency) Fund
UNIDO: United Nations Industrial Development Organisation
UNRRA: United Nations Relief And Rehabilitation Administration
VAT: Value-Added Tax
VDIS: Voluntary Disclosure Of Income Scheme
VRS: Voluntary Retirement Scheme
WEF: World Economic Forum
WFP: World Food Programme
· WHO: World Health Organization
· WIPO: World Intellectual Property Organisation.

Anil Aggarwal
Owner & Manager at Anil Aggarwal Coaching
(A proprietorship concern for IBPS exam guidance and Bank Interview preparation)
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E-mail ID: anilakshita@yahoo.co.in
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