Economy Terms Abbreviation

I have no plan to cover every term and make this page Economic dictionary. I believe too much of information is equivalent to no information. I have picked most commonly asked terms. Please mention in comment section if I missed any important term.

Abbreviation

Full Form

Comment

CTS

Cheque Truncation System

 

RTGS

Real Time Gross Settlement

 

NEFT

National Electronic Fund Transfer

 

MICR

Magnetic Ink Character Recognition/Reader

Used in Cheques and Drafts

IFSC

Indian Financial System Code

 

SWIFT 

Society for Worldwide Financial Telecommunications

 

IFRS

International Financial Reporting Standard

 

CBS

Core banking solution

 

ATM

Automatic Teller Machine

 

NBFC

Non Banking Finance Companies

 

CRR

Cash Reserve Ratio

4% Currently

SLR

Statutory Liquidity Ratio

22% Currently

MSF

Marginal Standing Facility

 

CAR

Capital Adequacy Ratio

 

CRAR

Capital to Risk (Weighted) Assets Ratio

 

GDP

Gross Domestic Product

 

PPP

Public Private Partnership / Purchasing Power Parity

 

GNP

Gross National Product

 

GST

Goods and Service Tax

 

MSP

Minimum Support Price

 

NPA

Non Performing Asset

 

KYC

Know Your Customer

 

CASA

Current Account Saving Account

 

FDI

Foreign Direct Investment

 

FII

Foreign Institutional Investment

 

QIB

Qualified Institutional Buyer

 

WPI

Wholesale Price Index

 

CPI

Consumer Price Index

 

IIP

Index of Industrial Production

 

CIBIL

Credit Information Bureau (India) Limited

 

NPCI

National Payment Corporation of India

 

SEBI

Security and Exchange Board of India

 

IRDA

Insurance Regulatory and Development Authority

 

PFRDA

Pension Fund Regulatory and Development Aulthority

 

FMC

Forward Markets Commission

 

EPFO

Employee's Provident Fund Organisation

 

CCI

Competition Commission of India

 

NSSO

National Sample Survey Organisation

 

MSME

Micro Small and Medium Enterprises

 

RIDF

Rural Infrastructure Development Fund

 

RRB

Regional Rural Bank

 

TDS

Tax Deduction at Source

 

SEZ

Special Economic Zone

 

BIFR

Board of Industrial and Financial Reconstruction

 

BCSBI

Banking Codes and Standards Board of India

 

CCI

Competition Commission of India

 

BSE

Bombay Stock Exchange

 

NSE

National Stock Exchange

 

MCX

Multi Commodity Exchange of India

 

NAV

Net Asset Value

 

NFO

New Fund Offers

 

FPO

Follow on Public Offer

 

MFN

Most Favored Nation

 

MIBOR

Mumbai Interbank offer rate

 

LIBOR

London Inter Bank Offer Rate

 

FEMA

Foreign Exchange Management Act

 

FERA

Foreign Exchange Regulations Act

 

ISO

International Standardization Organization

 

LLP

Limited Liability Partnership

 

SIDBI

Small Industries Development Bank of India

 

EXIM

Export Import Bank of India

 

NABARD

National Bank for Agriculture and Rural Development

 

CAD

Current Account Deficit

 

ECS

Electronic Clearing System

 

EFT

Electronic Fund Transfer

 

WIPO

World Intellectual Property Organization

 

GATT

General Agreement On Tariffs And Trade

 

CECA

Comprehensive Economic Cooperation Agreement

 

CEPA

Comprehensive Economic Partnership Agreement

 

CRISIL

Credit Rating Information Services of India Limited

 

ICRA

Investment Information Credit Rating Agency

 

CARE

Credit Analysis and Research

 

FICCI

Federation of Indian Chambers Of Commerce and Industry

 

ASSOCHAM

The Associated Chambers of Commerce and Industry of India

 

NASSCOM

The National Association of Software and Services Companies

 


Practice Aptitude Questions Here

Some Appreciation Please!




  Posted on Monday, September 14th, 2015 at 8:31 AM under   Economy