Important financial terms for banking exams :-
Term
|
Full form
|
|---|---|
EFFC A/c
|
Exchange Earner Foreign Currency Account
|
LRS
|
Liberalised Remittance Scheme
|
NIM
|
Net Interest Margin
|
LIBOR
| |
MIBOR
|
Mumbai Inter Bank offered Rate
|
IBRD
|
International Bank for Reconstruction & Development
|
MLAT
|
Mutual Legal Assistance Treaty (SAARC)
|
NACP
|
National Aids Control Programme
|
CDM
|
Clean Development Mechanism
|
CRAR
|
Capital to Risk Weighted Assets Ratio
|
GPRS
|
General Packet Radio Service
|
CDMA
|
Code Division Multiple Access
|
GSM
|
Global Services for Mobile
|
BIMSTEC
|
Bay of Bengal Initiative for Multi Sectoral Technical & Economic Cooperation
|
CTT
|
Commodity Transaction Tax
|
NAPCC
|
National Action Plan for Climate Change
|
UNFCCC
|
U N Framework Convention on Climate Change
|
NEFT
|
National Electronic Fund Transfer
|
FIH
|
International Hockey Federation
|
FIFA
|
International Federation of Association Football/Federation Internationale de Football Association (French acronym)
|
FSLRC
|
Financial Sector Legislative Reform Commission
|
NDM-1
|
New Delhi Metallo Beta Lactamese-1
|
CER
|
Certified Emmission Reductions
|
NPCI
|
National Payment Corporation of India
|
IFSC
|
Indian Financial Services Code
|
MICR
|
Magnetic Ink Character Recognition
|
CBD
|
Convention on Biological Diversity
|
COP
|
Conference of Parties
|
ABS
|
Access, Benefit & Sharing
|
NFS
|
National Financial Switch
|
CSE
|
Centre for Science & Environment
|
MFI
|
Micro Finance Institution
|
QFI
|
Qualified Foreign Individuals
|
NAMICA
|
Nag Missile Carrier
|
NCHER
|
National Commission for Higher Education & Research
|
CCEA
|
Cabinet Committee on Economic Affairs
|
PTC
|
Pass Through Certificate
|
CAMELS
|
Capital Assets Management Earnings Liquidity Systems
|
SECC
|
Socio Economic & Caste Census
|
FCEB
|
Foreign Currency Exchangeable Bonds
|
NELP
|
New Exploration Licencing policy
|
FIPB
|
Foreign Investment Promotion Board
|
ITER
|
International Thermonuclear Experiment Reactor
|
INDU
|
Indian National Defence University (Gurgaon, Haryana)
|
MCX
|
Multi Commodity Exchange
|
BAFTA
|
British Academy Film & Television Awards
|
NIA
|
National Investigation Agency
|
CENVAT
|
Central Value Added Tax
|
IIP
|
Index of Industrial Production
|
SPV
|
Special Purpose Vehicle
|
IMPS
|
Interbank Mobile Payment Service
|
OMO
|
Open Market Operation
|
GAAR
|
General Anti Avoidance Rule
|
FCNR(B)
|
Foreign Currency Non Resident Bank
|
MNP
|
Mobile Number Portability
|
WIMAX
|
Worldwide Interoperability of Microwave Access
|
NCTC
|
National Counter Terrorism Centre
|
XBRL
|
Extensible Business Reporting Language
|
SACOSAN
|
South Asian Conference on Sanitation
|
IMEI
|
International Mobile Equipment Identity
|
UNICEF
|
UN International Children Emergency Fund
|
OIC
|
Organisation of Islamic Conference
|
GCC
|
Gulf Cooperation Council
|
SIM
|
Subscriber Identity Modules
|
NADA
|
National Anti Doping Agency
|
CASA
|
Current Account, Saving Account
|
CERN
|
European Centre for Nuclear Research
|
CBDR
|
Common but differentiated responsibility
|
