Economy & Tax — Set 4
Abbreviations · अर्थव्यवस्था और कर · Questions 31–40 of 50
What is the full form of 'SDR' as used by the IMF?
Correct Answer: B. Special Drawing Rights
SDR stands for Special Drawing Rights which are international reserve assets created by the International Monetary Fund (IMF). They serve as a supplement to the existing official reserves of member countries. The value of an SDR is based on a basket of five major international currencies.
What does 'IFRS' stand for in accounting standards?
Correct Answer: D. International Financial Reporting Standards
IFRS stands for International Financial Reporting Standards which are a set of accounting rules for the financial statements of public companies. They are designed to make financial statements consistent, transparent, and comparable around the world. These standards are issued by the International Accounting Standards Board (IASB).
What is the full form of 'BSE' in the Indian stock market?
Correct Answer: A. Bombay Stock Exchange
BSE stands for Bombay Stock Exchange which is Asia's first and oldest stock exchange, established in 1875. It is located at Dalal Street in Mumbai. SENSEX is the benchmark index of the BSE.
What does 'NSE' stand for in the context of Indian stock trading?
Correct Answer: D. National Stock Exchange
NSE stands for National Stock Exchange of India, which is the leading stock exchange in India, located in Mumbai. It was established in 1992 and was the first exchange in India to provide a fully automated screen-based electronic trading system. NIFTY 50 is its flagship index.
What does 'AMFI' stand for in the mutual fund industry?
Correct Answer: B. Association of Mutual Funds in India
AMFI stands for Association of Mutual Funds in India. It is the nodal association of mutual funds across India. It works to promote healthy market practices in the mutual fund industry and protect investor interests.
What is the full form of 'CAGR' in investment analysis?
Correct Answer: B. Compound Annual Growth Rate
CAGR stands for Compound Annual Growth Rate. It is a measure used to describe the mean annual growth rate of an investment over a specified period longer than one year. It helps investors understand the smoothed-out annual return of an investment.
What does 'NAV' stand for in mutual fund valuation?
Correct Answer: C. Net Asset Value
NAV stands for Net Asset Value which represents the market value per share or unit of a mutual fund or ETF. It is calculated by dividing the total value of all assets in the portfolio minus liabilities by the number of outstanding units. NAV is typically calculated at the end of each trading day.
What is the full form of 'SEBI'?
Correct Answer: D. Securities and Exchange Board of India
SEBI stands for Securities and Exchange Board of India. It is the regulatory body for the securities and commodity markets in India under the jurisdiction of the Ministry of Finance. It was established in 1988 and given statutory powers in 1992.
What does 'GATT' stand for in international trade history?
Correct Answer: B. General Agreement on Tariffs and Trade
GATT stands for General Agreement on Tariffs and Trade. It was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers. It was eventually replaced by the World Trade Organization (WTO) in 1995.
What is the full form of 'TRAI' in the telecom sector?
Correct Answer: B. Telecom Regulatory Authority of India
TRAI stands for Telecom Regulatory Authority of India. It is the regulator of the telecommunications sector in India. It was established by the Telecom Regulatory Authority of India Act, 1997.