>>ABBREVIATIONS&INFORMATION RELATED TO BANKING ==>>GDP – Gross Domestic Product. ==>>NBFC – Non banking financecompany. ==>>Bear and Bulls related to – Stock Market. ==>>SDR (Special Drawing Rights)issued by – IMF. ==>>Chairman of 13 th finance commission – Vijay Kelkar. ==>>Financial Inclusion -- Banking services to rural people. ==>>Balance Sheet - The details of the companies financial position in the annual report of a company. ==>>IRDA (Insurance Regulatory Development Authority) It regulated Insurance companies inIndia. ==>>RBI : The financial body which frames Monetary and Financial policy in India – ==>>Kirit Parekh Committee : committee that recommended thehike of petrol and diesel prices – ==>>KYC : Know Your Customer - For preventing frauds and counterfeiting in a bank, RBI has proposed this scheme. ==>>FCCB : Foreign Currency Convertible Bond - Organization that deals with Fertilizer industry. ==>>MAT– Minimum Alternate Tax. ==>>SME – Small and Medium Enterprises. ==>>SSI - Small Scale Industries ==>>FCRA – Foreign Contribution Regulation Act. ==>>APEC – Asia Pacific EconomicCoopera tion. ==>>NPA – Non Performing assets ==>>POS – Point of sale ==>>ECS – Electronic Clearing system ==>>FTA - (Free Trade Agreement) The exchange of goods between the two or more countries. ==>>TPF – Trade policy Forum. ==>>CRISIL - Credit Rating agencyin India ==>>IIP (Index of Industrial Production) ==>>NCDEX (National Commodity and Derivatives Exchange) ==>>NABARD(National Bank for Agriculture and rural development) ==>>ADB (Asian Development Bank ) ==>>POS -- Point of Scale ==>>VAT stands for -- Value Added Tax ==>>GST : Good and Service Tax. ==>>NEFT full form -- National Electronic Fund Transfer. ==>>LLP – Limited Liability Partnership. ==>>RTGS (Real Time Gross Settlement) ==>>FINO -- Financial Inclusion Network and Operations. ==>>ETF -- Exchange Traded Fund ==>>PPP means : purchasing power parity. ==>>N.A.V. – Net Assets Value. ==>>SEBI (Security Exchange Board of India).
Posted on: Fri, 09 Aug 2013 10:54:39 +0000
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