Banking Terms — Set 5
Abbreviations · बैंकिंग शब्द · Questions 41–50 of 60
The abbreviation 'IPO' in the stock market stands for?
Correct Answer: B. Initial Public Offering
IPO stands for Initial Public Offering. It is the process by which a private company can go public by sale of its stocks to the general public. This allows the company to raise capital from public investors.
What does 'IBRD' stand for in international development?
Correct Answer: B. International Bank for Reconstruction and Development
IBRD stands for the International Bank for Reconstruction and Development. It is an international financial institution that offers loans to middle-income developing countries. It is one of the two main organizations of the World Bank Group.
In financial markets, 'AMFI' stands for?
Correct Answer: A. Association of Mutual Funds in India
AMFI stands for the Association of Mutual Funds in India. It is the industry body for mutual funds in India and promotes best practices and investor awareness. It was incorporated in 1995.
What is the full form of 'FEDAI'?
Correct Answer: C. Foreign Exchange Dealers' Association of India
FEDAI stands for Foreign Exchange Dealers' Association of India. It is an association of banks that deals in the foreign exchange markets in India. FEDAI sets the rules and guidelines for foreign exchange transactions among its members.
The abbreviation 'SDR' used by the IMF stands for?
Correct Answer: C. Special Drawing Rights
SDR stands for Special Drawing Rights. It is an international reserve asset created by the IMF in 1969 to supplement its member countries' official reserves. The value of the SDR is based on a basket of major currencies.
What does 'CAG' stand for in Indian governance and audit?
Correct Answer: B. Comptroller and Auditor General
CAG stands for the Comptroller and Auditor General of India. It is an authority, established by Article 148 of the Constitution, which audits all receipts and expenditure of the Government of India. The CAG is often referred to as the guardian of the public purse.
In the context of the economy, 'WPI' stands for?
Correct Answer: D. Wholesale Price Index
WPI stands for Wholesale Price Index. It measures and tracks the changes in the price of goods in the stages before the retail level. WPI is an important indicator to monitor inflation trends in an economy.
What does 'CRR' stand for in banking?
Correct Answer: C. Cash Reserve Ratio
CRR stands for Cash Reserve Ratio. It is the share of Net Demand and Time Liabilities that banks must maintain as cash balance with the central bank. It is a vital tool for regulating the money supply.
What is the full form of 'EPF' in retirement planning?
Correct Answer: D. Employees' Provident Fund
EPF stands for Employees' Provident Fund. It is a mandatory savings scheme for employees managed by the EPFO. Both the employer and employee contribute to this fund for the employee's retirement.
In economics, 'CPI' stands for?
Correct Answer: B. Consumer Price Index
CPI stands for Consumer Price Index. It is a measure that examines the weighted average of prices of a basket of consumer goods and services. CPI is widely used to measure inflation and changes in the cost of living.