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.
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
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