Find the Full form of Abbreviations

1. DD 

    --> Demand Draft (DD) is a financial draft payable on demand. It is used by individuals to make transfer payments from one bank account to another.

2. DA 

   --> Dearness Allowance can be understood as a component of salary which is some fixed percentage of the basic salary, aimed at hedging the impact of inflation.

3. CA 

  --> The CA (Chartered Accountant) is one of the respectful and challenging career fields. CA is a good option for higher education in India. Chartered accountancy was established in 1854 in Britain. It is the core activity of the business. In India, the CA course is conducted by the ICAI (Indian Chartered Accountants Institute).

4.  CPI 

-->The Communist Party of India (CPI) is the oldest communist party in India and one of the eight national parties in the country. The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Changes in the CPI are used to assess price changes associated with the cost of living.

5. BSE 

--> The Bombay Stock Exchange (BSE) is the first and largest securities market in India and was established in 1875 as the Native Share and Stock Brokers' Association. Based in Mumbai, India, the BSE lists close to 6,000 companies and is one of the largest exchanges in the world, along with the New York Stock Exchange (NYSE), Nasdaq, London Stock Exchange Group, Japan Exchange Group, and Shanghai Stock Exchange. 

6. APEC 

--> The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific. APEC's 21 members aim to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration.

7. APL 

--> APL (Above Poverty line) ration card – The APL ration card was issued to households living above the poverty line. BPL (Below Poverty line) ration card – The BPL ration was for those households living before the poverty line.

8. ATM 

--> An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.

9. EMI 

--> An equated monthly instalment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years.

10. EXIM BANK 

--> Exim Bank was established by the Government of India, under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies. Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services.

11. FDA 

--> The United States Food and Drug Administration (FDA or USFDA) is a federal agency of the Department of Health and Human Services. The FDA is responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs (medications), vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices (ERED), cosmetics, animal foods & feed and veterinary products.

12. FDI 

--> A foreign direct investment (FDI) is a purchase of an interest in a company by a company or an investor located outside its borders. Generally, the term is used to describe a business decision to acquire a substantial stake in a foreign business or to buy it outright in order to expand its operations to a new region.

13. GoI 

--> The Government of India, also known as the Central or Union Government or simply the Centre, is the Union government created by the Constitution of India as the legislative, executive and judicial authority to govern the union of twenty eight states and eight union territories.

14. GST 

--> Goods and Services Tax is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes

15. ICMR 

--> The Indian Council of Medical Research, the apex body in India for the formulation, coordination and promotion of biomedical research, is one of the oldest and largest medical research bodies in the world.

16. IEX 

--> The Indian Energy Exchange is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission. IEX started its operations on June 27, 2008.

17. ILO 

--> The International Labour Organization is a United Nations agency whose mandate is to advance social and economic justice through setting international labour standards. Founded in October 1919 under the League of Nations, it is the first and oldest specialised agency of the UN

18. IPO 

--> An initial public offering or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also retail investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.

19. KYC 

--> KYC means Know Your Customer and sometimes Know Your Client. KYC or KYC check is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time. In other words, banks must make sure that their clients are genuinely who they claim to be.

20. LIC 

--> Life Insurance Corporation of India is an Indian statutory insurance and investment corporation. It is under the ownership of Ministry of Finance, Government of India. 

21. MCA 

--> The full form of MCA is the Master of Computer Application. It is a 3-year post-graduation post-course. You must graduate from a well-known university after completing 10+2 with Mathematics to apply for MCA. This course mainly focuses on giving theoretical and practical training to the aspirants. And that is why MCA helps the student to be prepared for the related field.

22. MSP

--> Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP). MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years

23. MRP

-->Maximum retail price (MRP) is a manufacturer calculated price that is the highest price that can be charged for a product sold in India and Bangladesh.

24. NAM

--> Non-Aligned Movement (NAM), international organization dedicated to representing the interests and aspirations of developing countries.

25. NATO

--> The North Atlantic Treaty Organization, also called the North Atlantic Alliance, is an intergovernmental military alliance between 28 European countries, 2 North American countries, and 1 Eurasian country. The organization implements the North Atlantic Treaty that was signed on 4 April 1949.

26. NPA

-->A Non Performing Asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Description: Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets. 

27. OD

--> OD or o.d., an abbreviation used in medical prescriptions for omne in die or "once daily" both meaning "take once every day" Doctor of Optometry (O.D.) Oculus dexter, ocular dexter, or ocularis dexter, meaning "right eye" in general ophthalmologic or optometric usage, particularly in eyeglass prescriptions. OD account stands for Overdraft account. It is a type of account in which you can withdraw amount even if there is no fund in your account. The bank sanctions a specific limit and your account can go in negative up to that limit.

28. OIC

--> The Organisation of Islamic Cooperation (OIC) is the second largest inter-governmental organisation after the United Nations, with the membership of 57 states, covering four continents. The OIC is the collective voice of the Muslim world to ensure and safeguard their interest on economic socio and political areas. The OIC has Institutions, which implement its programmes. Its Headquarters is in Jeddah, Kingdom of Saudi Arabia.

29. PCI 

--> Pharmacy Council of India, The Pharmacy education and profession in India upto graduate level is regulated by the PCI, a statutory body governed by the provisions of the Pharmacy Act, 1948 passed by the Parliament. The full form of PCI in the computer is 'Peripheral Component Interconnect'.

30. PNB

--> PNB stands for Punjab National Bank. It is one of the reputed public sector banks in India which commenced its operations on 12 April 1895 in Lahore. It was the first bank which was totally managed by the Indians with Indian capital during the British period. As of September 2017, it has around 7000 domestic branches and 9753 ATMs. It is headquartered in New Delhi, India. As of January 2018, Shri Sunil Mehta is the MD and CEO of PNB. It provides a wide range of banking products and services in different categories like Personal, Corporate, International and Capital services.

31. EPFO

--> The Employees' Provident Fund came into existence with the promulgation of the Employees' Provident Funds Ordinance on the 15th November, 1951. It was replaced by the Employees' Provident Funds Act, 1952. The Employees' Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a Bill to provide for the institution of provident funds for employees in factories and other establishments. The Act is now referred as the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 which extends to the whole of Indian except Jammu and Kashmir. The Act and Schemes framed there under are administered by a tri-partite Board known as the Central Board of Trustees, Employees' Provident Fund, consisting of representatives of Government (Both Central and State), Employers, and Employees.

32. PIL 

--> Public interest litigation (PIL) refers to litigation undertaken to secure public interest and demonstrates the availability of justice to socially-disadvantaged parties and was introduced by Justice P. N. Bhagwati.

33. PAN 

--> A permanent account number (PAN) is a ten-character alphanumeric identifier, issued in the form of a laminated "PAN card", by the Indian Income Tax Department, to any "person" who applies for it or to whom the department allots the number without an application. It can also be obtained in the form of a PDF file.

34. SAIL 

--> Steel Authority of India Limited (SAIL) is a government owned steel producer based in New Delhi, India. It is under the ownership of Ministry of Steel, Government of India with an annual turnover of INR 68,452 Crore (US$9.32 billion) for fiscal year 2020–21. Incorporated on 24 January 1973, SAIL has 63,433 employees (as of 1 November 2021). With an annual production of 16.30 million metric tons, SAIL is the 20th largest steel producer in the world and the largest in India.[3] The Hot Metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.[4] Smt Soma Mondal is the current Chairman of SAIL.

35. SEBI 

--> The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.

36. TDS 

--> The full form of TDS stands for Tax Deducted at Source. Basically TDS means the payer (any company or a business firm) can deduct tax from the income of the payee (the one who is receiving the payment) and pay the balance amount to the payee. In India, there are certain rules and obligations under the income tax act of India, 1961. According to this act, a respective amount of income tax has to be deducted at the source before the payee receives the remaining amount. This is a part of Indian revenue service and is handled by the CBDT (Central Board of Direct Taxes) which is a part of the revenue department. This procedure is very important during tax audits.

37. UCO 

--> UCO Bank stands for United Commercial Bank. It is a Govt. of India Undertaking as well as a commercial bank. Its Board of Directors comprises government officials and eminent professionals like accountants, management experts, businessmen, economists etc. Its headquarters is in Kolkata.

38. BSNL

--> The Full form of BSNL is Bharat Sanchar Nigam Limited. BSNL is a state-owned telecommunications company in India. It was incorporated on 1st October 2000 by Government of India and it is headquartered in New Delhi, India. It provides voice call and internet services through its nationwide telecommunications network across the country. With more than half of the market share of the country, it is the largest wire-line telecommunications company and 4th largest wireless telecommunications Operator in India.

39. TRAI

-->Accordingly, Telecom Regulatory Authority of India (TRAI) was established in the year 1997 in pursuance of TRAI (Ordinance) 1997, which was later replaced by an Act of Parliament, to regulate the telecommunication services.

40. UIDAI

--> The Unique Identification Authority of India (UIDAI) is a statutory authority established under the provisions of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (“Aadhaar Act 2016”) on 12 July 2016 by the Government of India, under the Ministry of Electronics and Information Technology (MeitY). The Aadhaar Act 2016 has been amended by the Aadhaar and Other Laws (Amendment) Act, 2019 (14 of 2019)