Important Acronyms for General Awareness Preparation for Bank Exams 2020

Get the list of all the Important Acronyms for General Awareness Preparation for Bank Exams 2020.

| Updated On March 27th, 2020 at 02:19 pm

Acronym is a word or name formed from the initial letters of longer name or phrase  usually individual initial letters for ex- IBPS is an acronym used for Institute of banking personnel and selection. This is one of the most important topic in general awareness section and can easily fetch you 2-3 marks in the General Awareness Section of banking sector recruitment exams.  We are providing you with some of the important abbreviations related to banking and general awareness starting with alphabets ‘A’ and ‘B’. This is the first part of the series and we will provide acronyms starting from the rest of the alphabet soon.

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All the acronyms starting with the alphabet “A”

Acronym Full Form
ADR American depositary receipt
AMFI Association of Mutual Funds in India
APEC Asia-Pacific Economic Cooperation
ARC Asset Reconstruction Company
ASEAN The Association of Southeast Asian Nations
ASSOCHAM Associated Chambers of Commerce and Industry

All the acronyms starting with the alphabet “B”

Acronym Full Form
BCBS The Basel Committee on Banking Supervision
BCSBI The Banking Codes and Standards Board
BOE A bill of exchange
BOP The balance of payments
BOT Build–operate–transfer
BSR ‘Basic Statistical Returns

All the acronyms starting with the alphabet “C”

Acronym Full Form
CAD Current account deficit
CAG The Comptroller and Auditor General
CAR The capital adequacy ratio
CARE Credit Analysis & Research Limited
CASA Current Account Savings Account
CBLO Collateralized borrowing and lending obligation
CCIL The Clearing Corporation of India Limited
CCL Cash Credit Limit 
CDBS Committee of Direction on Banking Statistics
CEPA The Comprehensive Economic Partnership Agreement
CNP A card not present transaction
CRAR Capital to Risk (Weighted) Assets Ratio
CSR Corporate social responsibility 
CTI Country Threat Index 

All the acronyms starting with the alphabet “D”

Acronym Full Form
DPG Deferred Payment Guarantee
DPN Demand promissory note
DRAT Debts Recovery Appellate Tribunal
DRI Differential Rate of Interest
DSCR Debt-Service Coverage Ratio
DTAA Double Taxation Avoidance Agreement

All the acronyms starting with the alphabet “E

Acronym Full Form
EADB The East African Development Bank
EBRD The European Bank for Reconstruction and Development
ECB External commercial borrowing
ECS Electronic Clearing Service
EDI Electronic data interchange
EDP Entrepreneurship Development Programme
EEFC Exchange earners’ foreign currency
EFTPOS Electronic funds transfer at point of sale
ELSS An Equity Linked Savings Scheme

All the acronyms starting with the alphabet “F

Acronym Full Form
FCA Foreign Currency Assets
FCCB A foreign currency convertible bond
FCNR Foreign Currency Non-Resident Deposit
FEDAI The Foreign Exchange Dealers Association of India
FERA The Foreign Exchange Regulation Act
FICCI The Federation of Indian Chambers of Commerce and Industry
FII A foreign institutional investor
FIMMDA The Fixed Income Money Market and Derivatives Association of India
FINO Financial Information Network & Operations Pvt. Ltd
FIPB The Foreign Investment Promotion Board
FPI  Foreign portfolio investment
FSLRC Financial Sector Legislative Reforms Commission  
FTA Free trade areas 

All the acronyms starting with the alphabet “G

Acronym Full Form
GAAR General anti-avoidance rule
GDP Gross domestic product
GDR Global Depositary Receipt
GFD Gross Fiscal Deficit
GIRO Government Internal Revenue Order Advisory Group
GMS Gold monetisation scheme
GSTN The Goods and Service Tax Network
GST Goods and Services Tax

All the acronyms starting with the alphabet “I

Acronym Full Form
IADB The Inter-American Development Bank
IAS An integrated accounting system
IBBI The Insolvency and Bankruptcy Board of India
IBPS The Institute of Banking Personnel Selection
ICRA Investment Information and Credit Rating Agency
IDR Indian Depository Receipt
IMT Instant Money Transfer
IPO An initial public offering
IRO An interest rate option

All the acronyms starting with the alphabet “K

Acronym Full Form
KCC The Kisan Credit Card
KVB Karur Vysya Bank
KVIC The Khadi and Village Industries Commission
KVP Kisan Vikas Patra
KYC Know your customer

All the acronyms starting with the alphabet “L

Acronym Full Form
LAB The Local Area Banks
LAF A liquidity adjustment facility
LIBOR London Inter-bank Offered Rate
LTCG A long-term capital gain or loss
LTN The term long-term notes

All the acronyms starting with the alphabet “M

Acronym Full Form
MCA Ministry of Corporate Affairs
MCLR The marginal cost of funds
MIBOR The Mumbai Inter-Bank Offer Rate
MICR Magnetic ink character recognition
MIS Management information system
MSS Market Stabilization scheme
MUDRA Micro Units Development and Refinance Agency Bank

All the acronyms starting with the alphabet “N

Acronym Full Form
NAV Net asset value
NBFC Non-banking financial companies
NDS Negotiated Dealing System
NDTL Net Demand and Time Liabilities
NECS National Electronic Clearing Service
NEFT National Electronic Funds Transfer
NFA No-Frills Account
NFS National Financial Switch
NHB National Housing Bank
NPA Non-performing asset
NPCI National Payments Corporation of India

All the acronyms starting with the alphabet “O

Acronym Full Form
OCB Overseas Corporate Body
OECD The Organisation for Economic Co-operation and Development
OLTAS Online Tax Accounting System
OTCEI Over-The-Counter Exchange Of India

All the acronyms starting with the alphabet “P

Acronym Full Form
PACS Primary Agricultural Credit Society
PFRDA The Pension Fund Regulatory and Development Authority
P-notes Participatory notes
POA Power Of Attorney
POS A point of sale
PPF Public Provident Fund
PPI Prepaid payment instruments

All the acronyms starting with the alphabet “R

Acronym Full Form
RDBMS Relational Database Management System
REC Rural Electrification Corporation Limited
RIDF Rural Infrastructure Development Fund
ROA Return On Assets
ROE Return on equity
RTGS Real-time gross settlement systems
RWA Risk-weighted assets

All the acronyms starting with the alphabet “S

Acronym Full form
SARFAESI Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002
SCC Selective Credit Control
SDR Special drawing rights
SEPA The Single Euro Payments Area
SFMS Structured Financial Messaging System
SGB Sovereign Gold Bond
SHG Self-Help Group
SIFI Systemically Important Financial Institution
SIP Systematic Investment Plan

All the acronyms starting with the alphabet “U

Acronym Full Form
UCC Uniform Commercial Code
UIDAI The Unique Identification Authority of India
UPI Unified Payments Interface
USSD Unstructured Supplementary Service Data
UTI Unit Trust of India

All the acronyms starting with the alphabet “W

WBCI Weather Based Crop Insurance
WCTL Working Capital Term Loan
WMC Ways and Means Committee
WPI Wholesale Price Index

 We have completed this list alphabet wise but we will be updating this post soon with the previously asked questions. so stay tuned to bankersadda!

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