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Bank Exam: Must know New Banking Terms

These economic terms were in news recently and which make them important for your exam. 

GSTN: Goods & Services Tax Network

EPFO: Employees' Provident Fund Organisation

PPF: Public Provident Fund

KVP: Kisan Vikas Patra

UPS: Usual Principal Status.

Usual principal status: A person is considered in the labour force on Usual Principal Status (UPS) if he/she has spent relatively longer time (i.e., major time criterion) on economic activity during 365 days preceding the date of survey.

MPC: Monetary Policy Committee

CPI: Consumer Price Index

MPEDA: Marine Products Export Development Authority

Meity: Ministry of Electronics and Information Technology

SGB: Sovereign Gold Bond

DGAD: Dumping and Allied Duties

ECB: External Commercial Borrowing

NFSA: National Food Security Act

PDS: Public distribution system

FPSs: Fair price shops

NSM: National Solar Mission

AII: Asian Infrastructure Investment

CPSEs: central public sector enterprises

NTRP: non-tax revenue portal

PFMS: Public Financial Management System

e-FPB: Electronic Focal Point Branch

IAAA: Inter-Accountal Adjustment Advice

MDR: merchant discount rate

Dipam: department of investment and public asset management

NPCI: National Payments Corporation of India

PoS: Point of Sale

FSB: Financial Stability Board

 FTA: Foreign Trade Act

समाचार : नए बैंकिंग

These economic terms were in news recently and which make them important for your exam:

GSTN: Goods & Services Tax Network

EPFO: Employees' Provident Fund Organisation

PPF: Public Provident Fund

KVP: Kisan Vikas Patra

UPS: Usual Principal Status.

Usual principal status: A person is considered in the labour force on Usual Principal Status (UPS) if he/she has spent relatively longer time (i.e., major time criterion) on economic activity during 365 days preceding the date of survey.

MPC: Monetary Policy Committee

CPI: Consumer Price Index

MPEDA: Marine Products Export Development Authority

Meity: Ministry of Electronics and Information Technology

SGB: Sovereign Gold Bond

DGAD: Dumping and Allied Duties

ECB: External Commercial Borrowing

NFSA: National Food Security Act

PDS: Public distribution system

FPSs: Fair price shops

NSM: National Solar Mission

AII: Asian Infrastructure Investment

CPSEs: central public sector enterprises

NTRP: non-tax revenue portal

PFMS: Public Financial Management System

e-FPB: Electronic Focal Point Branch

IAAA: Inter-Accountal Adjustment Advice

MDR: merchant discount rate

Dipam: department of investment and public asset management

NPCI: National Payments Corporation of India

PoS: Point of Sale

FSB: Financial Stability Board

 FTA: Foreign Trade Act

 


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