Jesus answered them, “It is not the healthy who need a doctor, but the sick. I have not come to call the righteous, but sinners to repentance.”

17 Mar 2019

Economic abbrevations / full form of abbeviations in banking and Economics/ read and syudy it

Here is the selective and important economics and banking Abbreviations for Bank Exams. These abbreviations have been asked in competitive exams and there are chances to ask again in competitive exams. So these abbreviations are for your practice. 
Important Economics Abbreviations

1.ABD: Asian Development Bank
2. ADR: American Depository Receipts
3. AGMARK: Agricultural Marketing Department
4. AITUC: All-India Trade Union Congress
5. AMCs: Asset Management Companies
6. APM: Administered Pricing Mechanism
7. ARF: Asset Reconstruction Fund
8. ASSOCHAM: Associated Chamber of Commerce and Industry
9. BIFR: Board of Industrial and Financial Reconstruction
10. BIMARU states: Bihar, Madhya Pradesh, Rajasthan and UP
11. BOP: Balance of Payment
12. BPL: Below Poverty Line
13. BSE: Bombay Stock Exchange
14. CAC: Capital Account Convertibility
15. CAD: Current Account Deficit
16. CAG: Comptroller and Auditor General
17. CBR: Crude Birth Rate
18. CCBs: Central Cooperative Banks
19. CII: Confederation of Indian Industry
20. CIS: Commonwealth of Independent States
21. CMIE:  Centre for Monitoring Indian Economy
22. COFEPOSA: Conservation of Foreign Exchange and Prevention of Smuggling Activities

23. CPI: Consumer Price Index
24. CRISIL: Credit Rating Information Services of India Ltd.
25. CRR: Cash Reserve Requirements/Cash Reserve Ratio
26. CSIR: Council of Scientific and Industrial Research
27. CSO: Central Statistical Organization
28. DFHI: Discount and Finance House of India Ltd.
29. DFIs: Development Financial Institutions
30. ECB: External Commercial Borrowing
31. EFTA: European Free Trade Area
32. EGS: Employment Guarantee Scheme
33. EQUs: Export Oriented Units
34. EPCG: Export Promotion Capital Goods
35. EPF: Employees Provident Fund
35. EPZs: Export Processing Zones/Export Promotion Zones
36. ESCAP: Economic and Social Commission for Asia and Pacific
37. EWS: Economically Weaker Sections
38. EXIM BANK: Export and Import Bank
39. FAO: Food and Agriculture Organization
40. FCCBs: Foreign Currency Convertible Bonds
41. FCI: Food Corporation of India
42. FCNR (B): Foreign Currency Non-residents Accounts (Bank)
43. FDI: Foreign Direct Investment
44. FEMA: Foreign Exchange Management Act
45. FERA: Foreign Exchange Regulation Act
46. FBI: Federal Bureau of Investigation
47. FICCI: Federation of Indian Chamber of Commerce and Industry
48. FIIs: Foreign Institutional Investors
49. FIPB: Foreign Investment Promotion Board
50. FIPC: Foreign Investment Promotion Council
51. FTZ: Free Trade Zones
52. GATT: General Agreement on Tariff and Trade
53. GDP: Gross Domestic Product
54. GDRs: Global Depository Receipts
55. HDFC: Housing Development Finance Corporation
56. HDI: Human Development Index
57. HUDCO: Housing and Urban Development Corporation of India
58. HYVP: High Yielding Varieties Programme
59. IBM: International Business Machine
60. IBRO: International Bank for Reconstruction and Development
61. ICAR: Indian Council of Agricultural Research
62. ICDS: Integrated Child Development Services Scheme
63. ICICI: Industrial Credit and Investment Corporation of India
64. ICRA: Investment Information and Credit Rating Agency of India
65. IDA: International Development Association
66. IDBI: Industrial Development Bank of India
67. IFCI: Industrial Finance Corporation of India
68. IIP: Index of Industrial Production
69. IISCO: Indian Iron and Steel Company
70. ILFS: Infrastructure Leasing and Financial Services Ltd.
71. ILO: International Labour Organization
72 IMF: International Monetary Fund
73. IMR: Infant Mortality Rate
74. INTUC: Indian National Trade Union Congress
75. IPCL: Indian Petrochemicals Corporation Ltd.
76. IPO: Initial Public Offers
77. IDRA: Integrated Rural Development Programme
78. ISPs: Internet Service Providers
79. ISRO: Indian Space Research Organization
80. JPC: Joint Plant Committee/Joint Parliamentary Committee
81. LIBOR: London Inter-bank Borrowing Rate
82. MAT: Minimum Alternate Tax
83. MIS: Management Information System
84. MISA: Maintenance of Internal Security Act.
85. MNCs: Multinational Corporations/Companies
86. MODVAT: Modified Value Added Tax
87. MOU: Memorandum of Understanding
88. NABARD: National Bank for Agricultural and Rural Development
89. NAFED: National Agricultural Cooperative Marketing Federation
90. NASSCOM: National Association of Software and Services Companies

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