Business Abbreviations

31.	What is the full form of “B2C”?
a.	Business Consortium
b.	Bank to Consumer
c.	Banking to Commodity
d.	Business to Consumer Option “D” is correct. The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies.

32.	What is the full form of “SEBI”?
a.	Sales Exchange Board of India
b.	Sales Enterprise Business Inflation
c.	Security Board of India
d.	Securities and Exchange Board of India Option “D” is correct. The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance, Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.

33.	What is the full form of “PLR”?
a.	Profit Lending Rate
b.	Prime Lending Rate
c.	Private Lending Ratio
d.	Profit Liability Return Option “B” is correct. The prime rate (prime) is the interest rate that commercial banks charge their most creditworthy customers, generally large corporations. The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate that banks use to lend to one another. Prime forms the basis of or starting point for most other interest rates-including rates for mortgages, small business loans, or personal loans-even though prime might not be specifically cited as a component of the rate ultimately charged.

34.	What is the full form of “OPEC”?
a.	Organisation of Petroleum Exporting Countries
b.	Average Annual Growth Rate
c.	Sensitivity Index
d.	Indian Oil Corporation Option “A” is correct. The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization or cartel of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has since 1965 been headquartered in Vienna, Austria, although Austria is not an OPEC member state. As of September 2018, the 13 member countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world’s “proven” oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called “Seven Sisters” grouping of multinational oil companies.

35.	What is the full form of “NASSCOM”?
a.	National Association of Software and Service Companies
b.	National Association of Shares and Service Companies
c.	National Association of Software and Shares Companies
d.	Wrong abbreviation Option “A” is correct. The National Association of Software and Service Companies (NASSCOM) is an Indian non-governmental trade association and advocacy group focused mainly on Information Technology and Business Process Outsourcing industry. Established in 1988, NASSCOM is a non-profit organisation.

36.	What is the full form of “VSNL”?
a.	Video Sanchar Network Line
b.	Visual Networking Line
c.	Videsh Sanchar Nigam Ltd
d.	Value Statement Net License Option “C” is correct. Tata Communications Limited is an Indian telecommunications company previously known as Videsh Sanchar Nigam Limited. It was previously under the ownership of Department of Telecommunications, under the Ministry of Communications of the Government of India. It was sold by Government of India to Tata Group. Presently the company is part of the Tata Group.

37.	What is the full form of “SLR”?
a.	Statutory Liquidity Ratio
b.	Sales Level Rate
c.	Stock Level Revenue
d.	Supplier Liability Ratio Option “A” is correct. Statutory Liquidity Ratio or SLR is a minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash, gold or other securities. It is basically the reserve requirement that banks are expected to keep before offering credit to customers.

38.	What is the full form of “SME”?
a.	Short Marketing Equity
b.	Small and Medium Enterprises
c.	Small Marketing Exports
d.	Equated Monthly Sales Option “B” is correct. Small and medium enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation “SME” is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization (WTO).

39.	What is the full form of “SENSEX”?
a.	Stock Exchange Sensitive Index
b.	Sensitivity Exchange
c.	Sales Enterprise Net Sharing Exchange
d.	Sales Index Option “A” is correct. SENSEX stands for Stock Exchange Sensitive Index. It is the oldest stock exchange in India which is also known as BSE-30. It is a free floating stock market index which uses free floating market capitalization method to reflect the position of companies in the stock market. It does not consider the outstanding stock of a company. Its calculation is based on the total number of tradable shares of a company at the time of calculation.

40.	What is the full form of “ROI”?
a.	Resolution Of Investigation
b.	Return On Investment
c.	Reduction Of Income
d.	Rate Of Interest Option “B” is correct. Return on investment (ROI) is calculated by dividing the profit earned on an investment by the cost of that investment. For instance, an investment with a profit of $100 and a cost of $100 would have a ROI of 1, or 100% when expressed as a percentage.

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