General Studies & Current Affairs for Bank, SSC, CLAT, Civil Services and other Competitive Exams

1. OLTAS - On-line Tax Accounting System (OLTAS) for Direct Taxes 2. TIN - Tax Information Network (TIN) 3. IMPS - Interbank Mobile Pa...

60 Most Important Abbreviations for Exams

1. OLTAS - On-line Tax Accounting System (OLTAS) for Direct Taxes
2. TIN - Tax Information Network (TIN)
3. IMPS - Interbank Mobile Payment Service (IMPS).
4. CDR- Corporate Debt Restructuring
5. CAD- Capital Account Deficit
6. REITs: Real Estate Investment Trusts
7. InvITs: Infrastructure Investment Trusts
8. ALM- Asset Liability Management
9. AML – Anti Money Laundering
10. KYC – know Your Customer



11. ASBA: Application Supported by Blocked Amount
12. BSBDA - Basic Savings Bank Deposit Account
13. IFSC – Indian Financial System Code
14. CBS: Core Banking Solution
15. RTGS - Real Time Gross Settlement
16. SLR-Statutory Liquidity Ratio
17. CAR – Cash Adequacy Ratio
18. MSF-Marginal Standing Facility
19. NBFC-Non Banking Finance Companies
20. PIN: Personal Identification Number
21. CCEA – Cabinet Committee on Economic Affairs
22. CECA - Comprehensive Economic Cooperation Agreement
23. CEPA – Comprehensive Economic Partnership Agreement
24. DTAA – Double Taxation Avoidance Agreement
25. ECBs - External Commercial Borrowings
26. EEFC - Exchange Earner's Foreign Currency
27. EFSF – European Financial Stability Facility
28. FEMA- Foreign Exchange Management Act
29. FII – Foreign Institutional Investor.
30. FINO- Financial Inclusion Network Operation
31. FIPB – Foreign Investment Promotion board
32. FSLRC – Financial Sector Legislative Reforms Commission
33. CRAR: Capital to Risk-weighted Assets Ratio
34. SWIFT: Society for Worldwide Interbank Financial Telecommunication
35. DEAF: Depositor Education and Awareness Fund
36. NEFT - National Electronic Funds Transfer
37. DICGC : Deposit insurance and credit guarantee corporation.
38. FCNR(B) - Foreign Currency Non-Resident Bank
39. LCR: Liquidity Coverage Ratio
40. IMPS: Interbank Mobile Payment Service
41. TARC - Tax Administration Reform Commission
42. LRMT: Liquidity risk monitoring tools
43. ECB - External Commercial Borrowings
44. MIBOR: Mumbai Inter-Bank Offer Rate
45. LIBOR: London Inter-Bank Offer Rate
46. LAF – Liquidity Adjustment Facility
47. GIRO - Government Internal Revenue Order
48. FRBMA: Fiscal Responsibility and Budget Management Act
49. AMFI- Association of Mutual Fund in India.
50. TIEA – Tax Information exchange Agreement
51. FTA- Free trade agreement
52. GAAR - General anti avoidance rule
53. GSLV - Geo-Synchronous Launch Vehicle
54. NCTC - National Counter-Terrorism Centre
55. NSG – Nuclear Suppliers Group
56. PPP – Public Private Partnership & Purchasing Power parity
57. PSLV – Polar Satellite Launch vehicle
58. TAPI - Turkmenistan-Afghanistan-Pakistan-India.
59. QFI -Qualified Foreign Investors
60. REER: Real Effective Exchange Rate