Business Abbreviations

1.What is the full form of “LIBOR”
a.
b.
c.
d.

Option “D” is correct.
The London Inter-bank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.
2.What is the full form of “CII”?
a.
b.
c.
d.

Option “D” is correct.
The Confederation of Indian Industry (CII) is a non-governmental trade association and advocacy group headquartered in New Delhi, India, founded in 1895.
CII engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas. It is a membership-based organisation.
3.What is the full form of “AC”?
a.
b.
c.
d.Account

Option “A” is correct.
The Average Cost is the per unit cost of production obtained by dividing the total cost (TC) by the total output (Q). By per unit cost of production, we mean that all the fixed and variable cost is taken into the consideration for calculating the average cost. Thus, it is also called as Per Unit Total Cost.
4.What is the full form of “AAGR”?
a.
b.
c.
d.

Option “D” is correct.
The average annual growth rate (AAGR) reports the mean increase in the value of an individual investment, portfolio, asset, or cash flow on an annualized basis. It doesn’t take compounding into account.
5.What is the full form of “AMFI”?
a.
b.
c.
d.

Option “D” is correct.
The Association of Mutual Funds in India is an industry standards organisation in India in the mutual funds sector. It was formed in 1995. Most mutual funds firms in India are its members. The organisation aims to develop the mutual funds market in India, by improving ethical and professional standards.
6.What is the full form of “PPP”?
a.
b.
c.
d.

Option “B” is correct.
Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries. This means that the exchange rate between two countries should equal the ratio of the two countries’ price level of a fixed basket of goods and services. When a country’s domestic price level is increasing (i.e., a country experiences inflation), that country’s exchange rate must depreciated in order to return to PPP.
7.What is the full form of “ONGC”?
a.
b.
c.
d.

Option “D” is correct.
Oil and Natural Gas Corporation (ONGC) is an Indian government-owned crude oil and natural gas corporation. Its registered office is in New Delhi. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is the largest oil and gas exploration and production company in the country, and produces around 70% of India’s crude oil (equivalent to around 57% of the country’s total demand) and around 84% of its natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
8.What is the full form of “NAV”?
a.
b.
c.
d.

Option “D” is correct.
Net asset value, or “NAV,” of an investment company is the company’s total assets minus its total liabilities. For example, if an investment company has securities and other assets worth $100 million and has liabilities of $10 million, the investment company’s NAV will be $90 million.
9.
What is the full form of “NSE”?
a.
b.
c.
d.

Option “D” is correct.
National Stock Exchange of India Limited is the leading stock exchange of India, located in the Mumbai city of Maharashtra state. It is under the ownership of some leading financial institutions, Banks, and Insurance companies. NSE was established in 1992 as the first dematerialized electronic exchange in the country.
10.
What is the full form of “MR”?
a.
b.
c.
d.

Option “A” is correct.
Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit of output. While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will eventually slow down as the output level increases.
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