IMPORTANT ABBREVIATIONS VOLUME IV FREE STATIC GK EBOOK

In banking and competitive examinations, general awareness and current affairs play

an important role in determining the final score and outcome of the candidate. In

general awareness and current affairs, static GK forms an important part that cannot

be overlooked. From the perspective of examination, since Static GK does not keep

changing, it is relatively easier to score marks in it if you study it regularly and revise

it to keep your memory fresh. Therefore, to help you score some marks with relative

ease, we at Oliveboard continually come out with static GK information put together in

the form of e-books. In this e-book, we have included the fourth volume of banking

abbreviations. Let’s see once more how a question regarding banking abbreviations

may appear in the examination –

Choose the correct full form of this abbreviation: GNIE

a. Gross Net Income and Expenditure

b. Gross Net Individual Expenditure

c. Genuine Net Income Evidence

d. Government Not Included Elsewhere

The correct answer for this is (d.) Government Not Included Elsewhere.

IMPORTANT ABBREVIATIONS VOLUME IV FREE STATIC GK EBOOK

In competitive examinations, the importance of even 1 mark cannot be

underestimated. Hence, feel free to use this guide as a reference to gain or refresh

your knowledge regarding some important banking abbreviations.

Sr. No. Abbreviation Full-Form

1 GFS Government Finance Statistics

2 GIC General Insurance Corporation

3 GLS Generalized Least Squares

4 GNIE Government Not Included Elsewhere

5 GoI Government of India

6 GPD Gross Primary Deficit

7 G-Sec Government Securities

8 HFT Held For Trading

9 HICP Harmonised Index of Consumer Prices

10 HO Head Office

11 IBRD International Bank of Reconstruction and Development

12 IBS International Banking Statistics

13 ICAR Indian Council of Agricultural Research

14 IFR Investment Fluctuation Reserve Account

15 IGLS Iterative Generalized Least Squares

16 IIBI Industrial Investment Bank of India

17 IIP Index of Industrial Production

18 IOTT Input-Output Transaction Table

19 IP Interest Payment

20 IRBI Industrial Reconstruction Bank of India

21 ISDA International Swaps and Derivative Association

22 ISIC International Standard Industrial Classification

23 ISO International Standards Organization

24 ITRS International Transaction Reporting System

25 KVIC Khadi & Village Industries Corporation

26 LAMPS Large-sized Adivasi Multipurpose Societies

27 LERMS Liberalised Exchange Rate Management System

28 NEER Nominal Effective Exchange Rate

29 MIGA Multilateral Investment Guarantee Agency

30 MMSE Minimum Mean Squared Errors

31 MOF Master Office File

32 MTM Mark-To-Market

33 NFD Net Fiscal Deficit

34 MRM Monitoring and Review Mechanism

35 NAIO Non-Administratively Independent Office

36 NIF Note Issuance Facility

37 NR(NR)RA Non-Resident (Non-Repatriable) Rupee Account

IMPORTANT ABBREVIATIONS VOLUME IV FREE STATIC GK EBOOK

Sr. No. Abbreviation Full-Form

38 NR(E)RA Non-Resident (External) Rupee Account

39 NSSF National Small Savings Fund

40 ODA Official Development Assistance

41 OFI Other Financial Institutions

42 OMO Open Market Operations

43 OLTAS On-Line Tax Accounting System

44 PDAI Primary Dealers Association of India

45 PDO Public Debt Office

46 PDO-NDS Public Debt Office-cum-Negotiated Dealing System

47 PACS Primary Agriculture Credit Societies

48 RIDF Rural Infrastructure Development Fund

49 RLA Recoveries of Loans & Advances

50 RLC Repayment of Loans to Centre

51 RoCs Registrars of Companies

52 RUF Revolving Underwriting Facility

53 SAM Social Accounting Matrix

54 RTP Reserve Tranche Position

55 SDDS Special Data Dissemination Standards

56 SCS Size Class Strata

57 SDR Special Drawing Right

58 WGMS Working Group on Money Supply: Analytics and

Methodology of Compilation

59 WPI Wholesale Price Index

60 WSS Weekly Statistical Supplement