Banking and Economics Quick Summary and Important Facts – Most Important for Competitive Exams

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ABBREVIATONS

Extreme Accuracy Tasked Ordnance
Extreme Accuracy Tasked Ordnance

1.

EXACTO

Extreme Accuracy Tasked Ordnance

2.

CARE

Crew module Atmospheric Re-entry Experiment

3.

MCA

Model Concession Agreement

4.

SMAP

Soil Moisture Active Passive

5.

NATO

North Atlantic Treaty Organization

6.

ESCAP

Economic and Social Commission for Asia and the Pacific

7.

FICCI

Federation of Indian Chambers of Commerce and industry

8.

NCERT

National Council of Education Research and Training

9.

ASEAN

Association of South East Asian Nations

10.

IFTU

International Federation of Trade Unions

11.

WFI

Wrestling Federation of India

12.

CERSAI

Central Registry of Securitisation Asset Reconstruction and Security

13.

DBT

Direct Benefit Transfer

14.

NIIT

National Institute of Information Technology

15.

LIBOR

London Inter Bank Offered Rate

16.

LIBID

London Inter Bank Bid Rate

17.

ECGC

Export Credit Guarantee Corporation of India

18.

STRIPS

Separate Trading for Registered Interest & Principal Securities

19.

CIBIL

Credit Information Bureau of India Limited

20.

CRISIL

Credit Rating information Services of India Limited

21.

AMFI

Association of Mutual Funds of India

22.

FCCB

Foreign Currency Convertible Bond

23.

CAC

Capital Account Convertibility

24.

CCEA

Cabinet Committee on Economic Affairs

25.

PMJDY

Pradhan Mantri Jan-Dhan Yojana

26.

ISIS

Islamic State of Iraq and Syria

27.

MEDA

Mars Environmental Dynamics Analyzer

28.

CSF

Commonwealth Shooting Federation

29.

NCDEX

National Commodity & Derivatives Exchange Ltd.

30.

CMSA

Chief Minister’s Social Assistance

31.

OECD

Organisation for Economic Co-operation and Development

32.

SMAP

Soil Moisture Active Passive

33.

UNSC

United Nations Security Council

34.

ICHR

Indian Council of Historical Research

35.

DERC

Delhi Electricity Regulatory Commission

36.

NCRDBD

National Centre for Research & Development in Bulk Drugs

37.

NBA

National Basketball Association

38.

NGRBA

National Ganga River Basin Authority

39.

RRTS

Regional Rapid Transit System

40.

ICANN

Internet Corporation for Assigned Names and Numbers

41.

IPDS

Integrated Processing Development Scheme

42.

SNIF

Special National Investment Fund

43.

ABCP

Asset-Backed Commercial Paper

44.

ADA

Advance Deposit Account

45.

AIBEA

All India Bank Employees Association

46.

AIIBOA

All India Indian Bank officers Association

47.

CTF’S

Chid Trust Fund (s)

48.

FIPB

Foreign Investment Promotion Board

49.

ECB

External Commercial Borrowings

50.

IFFI

International Film Festival of India

51.

LAF

Liquidity Adjustment Facility

52.

LB

Lowest daily outstanding Balance

53.

LCD

Liquid Crystal Display

54.

LIBOR

London inter-Bank Offer Rate

55.

LOI

Letter of Intent

56.

LPA

Long Period Average

57.

MASI

Management Audit Systems Inspection

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