Banking Abbreviations are the most commonly found & Important topic for Banking & Insurance recruitment exams. This can be understood by the number of question that are asked from this topic in each and every banking exam, on an average at least two questions feature from this list.
If you are worried about – How to remember this big list of abbreviations? The only way is to “Practice a lot”. Practice means, writing down the difficult and important ones on separate flash cards and keep them handy. Keep looking News Articles specially related with Business,Banking & Economy (Refer The hindu , Business Line , for this) . Within a week you will confident about this list. Furthermore, you can test your memory by writing the abbreviations on paper and you will be able to check your recalling power.
Note – This part of banking abbreviation is related with Terms focusing the last two months of January and February which may be useful for upcoming Exams
- LIGO – Laser Interferometer Gravitational wave Observatory
- TDC – Technology development center
- TFA – Trade Facilitation agreement
- PIS – Portfolio Investment Scheme
- BPO – Business Process Outsourcing
- NTRP – Non Tax Receipt Revenue
- IOT – Internet of Things
- ENVIS – Environment Information System
- AMC – Asset management Company
- TCRU – Tax Policy Research Unit
- TCU – Tax Control Unit
- POPSP – Point of Presence Service Provider
- CAGR – Compound Annual Growth Rate
- TARC – Tax Administration Reform Commission
- PMKVY – Pradhan Mantri Kaushal Vikal Yojna
- XBRL – eXtensible Business Reporting Language
- NGN – Next Generation Network
- DTAA – Double Taxation Avoidance Agreement
- NSFDC – National Scheduled Caste Finance & Development Corporation
- IGC – Indian Gold Coins
- HUFs – Hindu Undivided Families
- NeFGMS – National electronic Fund Management System
- OLTAS – Online Tax Accounting System
- NAIS – National Agriculture Insurance Scheme
- UAN – Universal Account Number
- HRIDAY – Heritage Development and Augmentation Yojna
- NFME – National Framework for Malaria Elimination
- NOFRI – National Organic Farming Research Institute (Gangtok, Sikkim)
- CPCB – Central Pollution control Board
- NAQI – National Air Quality Index
- HSCC Ltd – Hospital Services Consultancy Corporation Ltd
- IFR – International Fleet Review
- JNNSM – Jawahar lal Nehru National solar mission
- SHG – Self Help Group
- WMA – Ways and Means
- GVA – Gross Value added at basic price
- POEM – Place of effective management
- CAC – Capital account convertibility
- NSC – National Saving certificate
- PPF – Public Provident Fund
- BAFTA – British Academy Film Television and Arts
Posted by - Nikhil Yadav
Gurukul Academy 