Financial Bodies — Set 3
Abbreviations · वित्तीय निकाय · Questions 21–30 of 40
What does the abbreviation SBI represent?
Correct Answer: D. State Bank of India
SBI stands for the State Bank of India and is the largest public sector bank in the country. It traces its history back to the Bank of Calcutta founded in 1806. The bank was nationalized in 1955 to expand its reach to rural areas.
In the context of international finance, what is the full form of IBRD?
Correct Answer: C. International Bank for Reconstruction and Development
IBRD stands for the International Bank for Reconstruction and Development and is the original arm of the World Bank Group. It provides loans and financial advice to middle-income and creditworthy low-income countries. It was established at the Bretton Woods Conference in 1944.
What does the abbreviation WTO stand for?
Correct Answer: D. World Trade Organization
The WTO stands for the World Trade Organization and regulates international trade between nations. It officially commenced operations in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT). It is headquartered in Geneva, Switzerland.
What is the full form of the abbreviation OECD?
Correct Answer: C. Organization for Economic Cooperation and Development
OECD stands for the Organization for Economic Cooperation and Development and is an intergovernmental economic organization. It was founded in 1961 to stimulate economic progress and world trade. Its members are mostly high-income economies with high Human Development Indexes.
What does the abbreviation IFC stand for in the World Bank Group?
Correct Answer: B. International Finance Corporation
The IFC stands for the International Finance Corporation and focuses on the private sector in developing countries. It provides investment and advisory services to encourage the growth of businesses. It is the largest global development institution focused on the private sector.
What is the full form of the abbreviation SIDBI?
Correct Answer: A. Small Industries Development Bank of India
SIDBI stands for the Small Industries Development Bank of India which supports micro, small, and medium enterprises. It functions as a subsidiary of the Industrial Development Bank of India (IDBI) originally. Its mandate is to coordinate the functions of other institutions engaged in similar activities.
What does the abbreviation NBFC stand for in the Indian financial sector?
Correct Answer: B. Non-Banking Financial Company
NBFC stands for Non-Banking Financial Company which provides banking services without a full banking license. They are engaged in the business of loans, advances, and the acquisition of shares or bonds. They are regulated by the Reserve Bank of India under specific provisions.
What is the full form of the abbreviation BRICS in economic terms?
Correct Answer: D. Brazil, Russia, India, China, South Africa
BRICS stands for the association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. These countries meet annually to coordinate their policies on global trade and finance. The term was originally coined by an economist at Goldman Sachs.
What does the abbreviation AMFI stand for in the Indian investment sector?
Correct Answer: B. Association of Mutual Funds in India
AMFI stands for the Association of Mutual Funds in India and is a non-profit organization for the mutual fund industry. It ensures the ethical and professional conduct of mutual fund houses and distributors. It also helps in spreading investor awareness about mutual fund schemes.
What is the full form of the abbreviation FII?
Correct Answer: B. Foreign Institutional Investor
FII stands for Foreign Institutional Investor which refers to an investment fund based in a country other than the one where it invests. They bring in large amounts of capital and significantly influence the local stock markets. They are required to register with the relevant national regulator, such as SEBI in India.