Have you ever heard an acronym but didn’t know what it meant? There are several full forms in the industry of finance sector, but today we are going to discuss some full form which is very important to know like finance sector name, various types of finance terms and many more.
Table of Contents
List of Finance related terms and their full forms
Those of students you who are preparing for examination must be well aware of the banking basics and full forms of finance related terms.
General knowledge is the essential area for any focused examination, for example, UPSC, State Services, SSC and banking, and railways.
Stay tuned with us to learn about the full form of Finance related words and their related terms.
Full Forms of Financial Terms
| Acronym | Full Form |
| BPL | Below Poverty Line, British Physical Laboratories Group |
| CA | Chartered Accountant |
| CAG | Comptroller and Auditor General of India |
| COB | Close of Business |
| CST | Central Sales Tax, Chhatrapati Shivaji Terminus, Central Standard Time |
| CTS | Cheque Truncation System, Clear to Send |
| CRR | Cash Reserve Ratio |
| ECC | Excise Control Code |
| EMI | Equated Monthly Installment |
| EOD | End of the Day |
| FEMA | Foreign Exchange Management Act |
| FDI | Foreign Direct Investment |
| GDP | Gross Domestic Product |
| GST | Goods and Service Tax |
| HDFC | Housing Development Finance Corporation |
| HSBC | Hong Kong and Shanghai Banking Corporation |
| IT | Information Technology ? Income Tax |
| IPO | Initial Public Offering |
| KYC | Know Your Customer |
| MICR | Magnetic Ink Character Recognition |
| NPA | Non Performing Assets |
| NIFTY | National Stack Exchange Fifty |
| SENSEX | Stock Exchange Sensitive Index |
| NASDAQ | National Association of Securities Dealers Automated Quotations |
| PSI | Pound per Square Inch |
| SKU | Stock Keeping Unit |
| SIP | Systematic Investment Plan |
| SLA | Service Level Agreement |
| TA&DA | Travelling Allowance & Dearness Allowance |
| TAN | Ticket Deposit Receipt, Term Deposit Receipt & Time Domain Reflectometer |
| TDR | Tax Deduction and Collection Account Number |
| TIN | Taxpayer Identification Number |
| VAT | Value Added Tax |
| EFFC A/c | Exchange Earner Foreign Currency Account |
| LRS | Liberalised Remittance Scheme |
| NIM | Net Interest Margin |
| LIBOR | London Inter Bank Offered Rate |
| MIBOR | Mumbai Inter Bank offered Rate |
| IBRD | International Bank for Reconstruction & Development |
| MLAT | Mutual Legal Assistance Treaty (SAARC) |
| NACP | National Aids Control Programme |
| CDM | Clean Development Mechanism |
| CRAR | Capital to Risk Weighted Assets Ratio |
| GPRS | General Packet Radio Service |
| CDMA | Code Division Multiple Access |
| GSM | Global Services for Mobile |
| BIMSTEC | Bay of Bengal Initiative for Multi Sectoral Technical & Economic Cooperation |
| CTT | Commodity Transaction Tax |
| NAPCC | National Action Plan for Climate Change |
| UNFCCC | U N Framework Convention on Climate Change |
| NEFT | National Electronic Fund Transfer |
| FIH | International Hockey Federation |
| FIFA | International Federation of Association Football/Federation Internationale de Football Association (French acronym) |
| FSLRC | Financial Sector Legislative Reform Commission |
| NDM-1 | New Delhi Metallo Beta Lactamese-1 |
| CER | Certified Emmission Reductions |
| NPCI | National Payment Corporation of India |
| IFSC | Indian Financial Services Code |
| CBD | Convention on Biological Diversity |
| COP | Conference of Parties |
| ABS | Access, Benefit & Sharing |
| NFS | National Financial Switch |
| CSE | Centre for Science & Environment |
| MFI | Micro Finance Institution |
| QFI | Qualified Foreign Individuals |
| NAMICA | Nag Missile Carrier |
| NCHER | National Commission for Higher Education & Research |
| CCEA | Cabinet Committee on Economic Affairs |
| PTC | Pass Through Certificate |
| CAMELS | Capital Assets Management Earnings Liquidity Systems |
| SECC | Socio Economic & Caste Census |
| FCEB | Foreign Currency Exchangeable Bonds |
| NELP | New Exploration Licencing policy |
| FIPB | Foreign Investment Promotion Board |
| ITER | International Thermonuclear Experiment Reactor |
| INDU | Indian National Defence University (Gurgaon, Haryana) |
| MCX | Multi Commodity Exchange |
| BAFTA | British Academy Film & Television Awards |
| NIA | National Investigation Agency |
| CENVAT | Central Value Added Tax |
| IIP | Index of Industrial Production |
| SPV | Special Purpose Vehicle |
| IMPS | Interbank Mobile Payment Service |
| OMO | Open Market Operation |
| GAAR | General Anti Avoidance Rule |
| FCNR(B) | Foreign Currency Non Resident Bank |
| MNP | Mobile Number Portability |
| WIMAX | Worldwide Interoperability of Microwave Access |
| NCTC | National Counter Terrorism Centre |
| XBRL | Extensible Business Reporting Language |
| SACOSAN | South Asian Conference on Sanitation |
| IMEI | International Mobile Equipment Identity |
| UNICEF | UN International Children Emergency Fund |
| OIC | Organisation of Islamic Conference |
| GCC | Gulf Cooperation Council |
| SIM | Subscriber Identity Modules |
| NADA | National Anti Doping Agency |
| CASA | Current Account, Saving Account |
| CERN | European Centre for Nuclear Research |
| CBDR | Common but differentiated responsibility |