Abbreviations!! I Think this takes little time for you to know the abbreviations. Why to loose marks when you can get 2 bits or 2 marks for each paper. So spend some time to know the abbreviation that may help you definitely. This topic is very common in banking and other competitive exams; at least 2 questions will be asked under this topic. The questions will be asked in any of the sections that is on banking or marketing or computers. Here, we are giving a set of abbreviations most commonly used and asked in the banking sector. So guys, concentrate and study hard to the full extent, so that you won’t feel bad after completion of your exam for losing a bit. And we assure you that there will be more than one question in the exams.
AFSPA- Armed Forces Special Powers Act
ADB – Asian Development Bank
ADR -American Depositary Receipt
AGM – Annual General Meeting
AIDWA – All India Democratic Woman’s Association
AITUC – All India Trade Union Congress
AMFI- Association of Mutual Funds in India
AO – Additive Outliers
APEC – Asia-Pacific Economic Cooperation
APL – Above Poverty Line
APM – Administered Pricing Mechanism
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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 of India
ATM – Asynchronous Transfer Mode
ATM – Automated teller machine
BCSBI- Banking Codes and Standards Board of India
CASA- Current and Savings Accounts
CAR- Capital Adequacy Ratio
CCIL- Clearing Corporation of India Limited
CARE- Credit Analysis and Research Limited
CRISIL- Credit Rating Information Services Of India
CDRS- Corporate Debt Restructuring
CBLO- Collateralized Bank Lending Obligations
CIBIL- Credit Information Bureau of India Limited
CRR- Cash Reserve Ratio
FCNR- Foreign Currency Non Resident Deposit Accounts
IPO- Initial Public Offer
IEPF- Investors Education and Protection Fund
IRDA- Insurance Regulatory and Development Authority
ISCI- International Standard Industrial Classification
IDRBT- Institute for Development and Research Of Banking Technology
KYC- Know Your Customer Guidelines
KCC- Kisan Credit Card
LIC- Life Insurance Corporation of India
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MICR- Magnetic Ink Character Recognition
MCA- Ministry Of Company Affairs
MIS- Management Information System
NBFC- Non Banking Finance Companies
NEFT- National Electronic Fund Transfer
NPA- Non Performing Assets
NSE- National Stock Exchange
OTCEI- Over the Counter Exchange Of India
QIB- Qualified Institutional Buyers
RTGS- Real Time Gross Settlement
SLR- Statutory Reserve Ratio
SEBI- Securities and Exchange Board of India
SMERA- SME Rating Agency of India Limited
SEBI- Securities and Exchange Board of India
SFMS- Structured Financial Messaging Services
SHG- Self Help Group
YTM- Yield To Maturity
YWCA – Young Women’s Christian Association
Z.A.P.U-Zimbabwe Africa Peoples Union
Z.P.Z-Zero Population Growth
Z.S-Zoological Society
ZIP Zone Improvement Plan
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