Most important abbreviations for competitive exams in India SSC, IBPS, RBI, NEET, Govt. Jobs

What is ‘Abbreviations’

An Abbreviation is a shortened form of a word or phrase. People used to abbreviate sentences or words or phrases when they find it very long to speak or to remember. There are many such abbreviated forms which we have heard or used somewhere but don’t know about their correct expanded versions.

So here team SYFT is providing a detailed list of those popular/important abbreviations which are generally asked in the competitive exams like SSC, IBPS PO, RBI, NEET, RRB & various Govt. Jobs etc.

Students who are preparing for any kind of competitive exams like banking, SSC, any  Entrance Exams and so on, will be benefited with this.

Indian Financial Institutions | Abbreviations and Expansions

S.No. Abbreviations Expansions
1. UTI Unit Trust of India
2. STCI Securities Trading Corporation of India Ltd.
3. IDBI Industrial Development Bank of India
4. IRBI Industrial Reconstruction Bank of India
5. EXIM Bank Export – Import Bank of India
6. SIDBI Small Industries Development Bank of India
7. NABARD National Bank for Agriculture and Rural Development
8. LIC Life Insurance Corporation of India
9. SCICI Shipping Credit and Investment Company of India Ltd.
10. HUDCO Housing and Urban Development Corporation Ltd.
11. NHB National Housing Bank
12. IFCI Industrial Finance Corporation of India
13. GIC General Insurance Corporation of India
14. RCTC Risk Capital and Technology Finance Corporation Ltd
15. TDICI Technology Development and Information Company of India Ltd.
16. TFCI Tourism Finance Corporation of India Ltd.
17. DFHI Discount and Finance House of India Ltd.
18. IREDA Indian Renewable Energy Development Agency Ltd.
19. PFC Power Finance Corporation Ltd.
20. REC Rural Electrification Corporation Ltd.
21. IRFC Indian Railways Finance Corporation Ltd.
22. IDFC Infrastructure Development Finance Co. Ltd.

Government Policies & Initiatives

S.No. Abbreviations Expansions
1. NITI National Institution for Transforming India
2. PRAGATI Pro-Active Governance and Timely Implementation
3. PahaL Pratyaksha Hastaantarit Laabh
4. HRIDAY Heritage Development and Augmentation Yojana
5. EEU Eurasian Economic Union
6. NSM National Supercomputing Mission
7. AMRUT Atal Mission for Rejuvenation and Urban Transformation
8. MRT Mitochondrial Replacement Therapy
9. BOSS Bharat Operating System Solutions
10. NMET National Mineral Exploration Trust
11. UPI Unified Payment Interface
12. TLCs Tech Learning Centres
13. JAM Jan Dhan, Aadhar and Mobile
14. PSF Price Stabilization Fund
15. POTUS President of the United States
16. Ind AS Indian Accounting Standards
17. AVAM AAP Volunteer Action Manch
18. NERPAP National Electoral Roll Purification and Authentication Program
19. IRNSS Indian Regional Navigation Satellite System
20. DAY Deen Dayal Upadhyay Antyodaya Yojana
21. MHFA Mission Housing for All Urban
22. DI Digital India
23. MII Make in India
24. SIMo Skill India Mission Operation
25. MUDRA MUDRA Bank Youjana
26. DDUGJY Deen Dayal Upadhyay Gram Jyoti Yojana
27. PMKSY Pradhan Mantri Krishi Sinchai Yojana
28. SHC Soil Health Card Scheme
29. BBBP Beti Bachao, Beti Padhao
30. DBTSK Direct Benefit Transfer Scheme for Kerosene
31. SBM Swacch Bharat Mission
32. PMSBY Pradhan Mantri Suraksha Bima Yojana
33. PMJJBY Pradhan Mantri Jeevan Jyoti Bima Yojana
34. APY Atal Pension Yojana
35. SCM Smart Cities Mission
36. NMCG National Mission for Clean Ganga
37. PMFBY Pradhan Mantri Fasal Bima Yojana
38. SPMRM Shyama Prasad Mukherji Rurban Mission
39. PMUY Pradhan Mantri Ujjawala Yojana

Economic Abbreviations

S.No. Abbreviations Expansions
1. ACTA Anti-counterpart Trade Agreement
2. ACS Automated Clearing System
3. ADR American Depository Receiots
4. APEC Asian Pacific Economic Cooperation
5. ARCIL Asset Reconstruction Company Of India Ltd
6. ASBA Application Supported By Blocked Amount
7. ATM Automated Teller Machine
8. ASHA Accredited Social Health Activist
9. BIFR Board For Industrial And Financial Reconstruction
10. CAPART Council For Advancement Of People Action And Rural
Technology
11. CCEA Cabinet Committee On Economic Affairs
12. CCI Competition Commission Of India
13. CCIL Clearing Corporation Of India Ltd
14. CDMA Code Division Multiple Access
15. CRR Cash Reserve Ratio
16. CDS Credit Default Swap
17. CPI Consumer Price Index
18. CRAR Capital To Risk Weighted Asset Ratio
19. CRMD Credit Risk Management Department
20. DDT Dividend Distribution Tax
21. DFTP Duty Free Tariff Preference Scheme
22. DSE Direct Selling Agent
23. DTAA Double Taxation Avoidance Agreement
24. ECB External Commercial Borrowings
25. ECS Electronic Clearing System
26. ELSS Equity Linked Saving Scheme
27. EEFC Exchange Earner Foreign Currency Account
28. ERP Enterprise Resource Planning
29. EXIM Export–Import Bank Of India
30. FAO Food And Agricultural Organization
31. FCRA Forward Contracts Regulation Act
32. FCNR Foreign Currency Non Resident Accounts
33. FDI Foreign Direct Investment
34. FEMA Foreign Exchange Management Act
35. FERA Foreign Exchange Regulation Act
36. FII Foreign Institutional Investors
37. FEDAI Foreign Exchange Dealers’ Association Of India
38. FRBM Fiscal Responsibility And Management Act
39. FCCB Foreign Currency Convertible Bonds
40. FIPB Foreign Investment Promotion Board
41. FSDC Financial Stability Development Council
42. FLCC Financial Literacy And Credit Counselling
43. FIMMDA Fixed Income Money Market & Derivatives Association
44. FPO Follow On Public Offer
45. GCC Gulf Cooperation Council
46. HNI High Net worth Individual
47. HUF Hindu Undivided Family
48. IBPS Inter Bank Mobile Payment Service
49. IDR Indian Depository Receipts
50. IMF International Monetary Fund
51. IBRD International Bank For Reconstruction And Development(World Bank)
52. ICICI Industrial Credit Investment Corporation Of India
53. IDBI Industrial Development Bank Of India
54. IIP Index Of Industrial Production
55. IRR Internal Rate Of Return
56. KYC Know Your Customer
57. LAF Liquid Adjustment Facility
58. LLP Limited Liability Partnership
59. LIBOR London Inter Bank Offered Rate
60. LFAR Long Form Audit Report
61. LTCM Long Term Capital Management
62. MSF Marginal Standard Facility
63. MMMF Money Market Mutual Funds
64. MSS Market Stabilization Scheme
65. MICR Magnetic Ink Character Recognition Cheque
66. MRGF Mortgage Risk Guarantee Fund
67. M & A Merger & Acquisition
68. NFC Non-Banking Finance Companies
69. NEFT Net Electronic Fund Transfer
70. NDTL Net Demand Time Liabilities
71. NPA Non-Performing Asset
72. NABARD National Bank For Agricultural And Rural Development
73. NDMA National Disaster Management Authority
74. OECD Organization For Economic Cooperation And Development
75. OFCD Optionally Fully Convertible Debenture
76. OMO Open Market Operation
77. OPEC Organization For Petroleum Exporting Countries
78. PIN Personal Identification Number
79. POS Point Of Scale
80. PSLC Priority Sector Lending Certificates
81. PSA Priority Sector Advances
82. PLR Prime Lending Rate
83. PPP Purchasing Power Parity
84. PPP Public Private Partnership
85. QIB Qualified Institutional Buyers
86. RBI Reserve Bank Of India
87. RTGS Real Time Gross Settlement
88. SAARC South Asian Association Regional Cooperation
89. SLR Statutory Liquidity Ratio
90. SARFAESI Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest
91. STRIPS Separate Trading Registered Interest And Principal Securities
92. SEPA Single Euro Payment Area
93. SEBI Security Exchange Board Of India
94. SCC Selective Credit Control
95. SIDBI Small Industrial Development Bank Of India
96. SME Small Micro Enterprises
97. SEZ Special Economic Zones
98. SIP Systematic Investment Plan
99. SPNS Shared Payment Network System
100. STCI Securities Trading Corporation Of India
101. SWOT Strength Weakness Opportunities Threats
102. SWIFT Society For World Wide Inter Bank Financial Telecommunication
103. SDR Special Drawing Rights
104. ULIP Unit Linked Insurance Plan
105. USP Unique Selling Proposition
106. WPI Wholesale Price Index

Best of Luck

Team SYFT