Dear Aspirants,
Economic Survey is presented by the Department of Economic Affairs, Ministry of Finance every year before the Union Budget is released. The Economic Survey is the Annual Economic Development of the Country from the Finance Ministry’s view. This Economic Survey of India charts down the development programs which are vital to the country and the policy initiatives of the government and also the prospects of the economy in medium or small term.
The Economic Survey is presented in both the houses of the Parliament during the budget session. The Budget will be released in the forthcoming days and we will also update the Budget Highlights in our website soon.
Since many abbrevations are asked in the IBPS CLERK MAINS EXAM and also in the recently held south Indian bank Clerk Exam , we thought of providing the important Abbreviations which are mentioned in the Economic Survey 2017 – 2018. This will be a total list of the important abbreviations from the Economic Survey 2017 – 2018.
- 3MMA 3 Month Moving Average
- AAY Antyodaya Anna Yojana
- ARM Additional Resource Mobilization
- ASEAN Association of South East Asian Nations
- ASER Annual Status of Education Report
- AT&C Aggregate Technical and Commercial
- BCM Billion Cubic Meter
- BE Budget Estimates
- BPCL Bharat Petroleum Corporation Limited
- BRICS Brazil, Russia, India, China and South Africa
- CAA&A Controller of Aid Accounts and Audit
- CAD Current Account Deficit
- CAG Comptroller and Auditor General of India
- CAGR Compound Annual Growth Rate
- CBR Cultivated Biological Resources
- CFPI Consumer Food Price Index
- CGA Controller General of Accounts
- CGST Central Goods and Services Tax
- CIC Currency in Circulation
- CIRP Corporate Insolvency Resolution Process
- CLSS Credit Linked Subsidy Scheme
- CoC Committee of Creditors
- COP Conference of Parties
- CPI Consumer Price Index
- CPI (AL) Consumer Price Index (Agricultural Labourers)
- CPI (C) Consumer Price Index (Combined)
- CPI (IW) Consumer Price Index (Industrial Workers)
- CPI (RL) Consumer Price Index (Rural Labourers)
- CRAR Capital to Risk-weighted Asset Ratio
- CSA Climate Smart Agriculture
- CSO Central Statistics Office
- CTA Customs Tariff Act
- CV Coefficient of Variation
- CwP Currency with Public
- DALYs Disability Adjusted Life Years
- DARE Department of Agricultural Research and Education
- DBT Direct Benefit Transfer
- DBTL Direct Benefit Transfer of LPG
- DDA Doha Development Agenda
- DGCI&S Directorate General of Commercial Intelligence and Statistics
- DGFT Directorate General of Foreign Trade
- DIPAM Department of Investment and public Asset Management
- DIPP Department of Industrial Policy and Promotion
- DISCOMS Distribution Companies
- DSIR Department of Scientific & Industrial Research
- DTA Domestic Tariff Area
- EBRD European Bank for Reconstruction and Development
- EFTA European Free Trade Association
- EIB European Investment Bank
- e-NAM Electronic National Agriculture Market
- EPCG Export Promotion on Capital Goods
- ER&D Engineering R&D
- ETF Exchange Traded Fund
- EU European Union
- EWRs Elected Women Representatives
- FAO Food & Agriculture Organisation
- FC Financial Creditor
- FCI Food Corporation of India
- FDI Foreign Direct Investment
- FEEs Foreign Exchange Earnings
- FFPI FAO Food Price Index
- FII Foreign Institutional Investor
- FIPB Foreign Investment Promotion Board
- FTAs Foreign Tourist Arrivals
- FTP Foreign Trade Policy
- FY Financial Year
- GCA Gross Cropped Area
- GCC Gulf Cooperation Council
- GCCA Grants for creation of capital assets
- GCF Gross Capital Formation
- GDP Gross Domestic Product
- GFCE Government Final Consumption Expenditure
- GFCF Gross Fixed Capital Formation
- GII Global Innovation Index
- GNI Gross National Income
- GNPA Gross Non-Performing Advances
- GPI Gender Parity Index
- GSDP Gross State Domestic Product
- GST Goods and Services Tax
- GSVA Gross State Value Added
- GT Gross Tonnage
- GVA Gross Value Added
- GW Gigawatt
- HFCs Housing Finance Companies
- HFCs Hydrofluorocarbons
- HPCL Hindustan Petroleum Corporation Limited
- HPI Housing Price Index
- HYVs High Yielding Varieties
- IBC Insolvency and Bankruptcy Code
- ICAR Indian Council of Agricultural Research
- IGS The International Ground Station
- IGST Integrated Goods and Services Tax
- IMF International Monetary Fund
- IPO Indian Patent Office
- IPP Intellectual Property Products
- IPR Intellectual Property Rights
- IPU Inter-Parliamentary Union
- IRS Indian Remote Sensing
- ISS Interest Subvention Scheme
- IT-BPM Information Technology – Business Process Management
- ITC Input Tax Credit
- KCC Kisan Credit Card
- KWh Kilowatt Hour
- LAF Liquidity Adjustment Facility
- LEB Life Expectancy at Birth
- LED Light-Emitting Diode
- LEO Low Earth Orbit
- LFPR Labour Force Participation Rate
- LIC Life Insurance Corporation of India
- LPG Liquefied Petroleum Gas
- LPI Logistics Performance Index
- M/o DWS Ministry of Drinking Water & Sanitation
- M/o H&FW Ministry of Health & Family Welfare
- M/oPR Ministry of Panchayati Raj
- M0 Reserve Money
- M3 Broad money
- MC11 Eleventh Ministerial Conference
- MDGs Millennium Development Goals
- MEIS Merchandise Exports from India Scheme
- MEP Minimum Export Price
- MIG Middle Income Group
- MIP Minimum Import Price
- MLAs Member of Legislative Assemblies
- MMR Maternal Mortality Ratio
- MMT Million Metric Tonne
- MMTPA Million Metric Tonnes Per Annum
- MNEs Manufacturing Multinational Enterprises
- MoEFCC Ministry of Environment, Forest and Climate Change
- MPC Monetary Policy Committee
- MSF Marginal Standing Facility
- MSME Micro, Small & Medium Enterprises
- MSP Minimum Support Price
- MSS Market Stabilisation Scheme
- MT Metric Tonne
- MW Megawatt
- NABARD National Bank for Agriculture and Rural Development
- NAREDCO National Real Estate Development Council
- NAS National Accounts Statistics
- NBFC Non-Banking Financial Company
- NBFCs Non-Banking Financial Companies
- NCDs Non-Convertible Debentures
- NCLT National Company Law Tribunal
- NCT National Capital Territory
- NCW National Commission for Women
- NDTL Net Demand and Time Liabilities
- NFC Non Food Credit
- NFSA National Food Security Act
- NHA National Health Accounts
- NHB National Housing Bank
- NHDP National Highways Development Project
- NICRA National Innovations on Climate Resilient Agriculture
- NITI National Institution for Transforming India
- NPAs Non-Performing Assets
- NSDC National Skill Development Council
- NSSO National Sample Survey Office
- ODF Open Defecation Free
- OMSS Open Market Sale Scheme
- OoPE Out of Pocket Expenditure
- P2P Peer to Peer
- PA Provisional Actuals
- PDS Public Distribution System
- PE Private Equity
- PFCE Private Final Consumption Expenditure
- PL Personal Loan
- PMAY Pradhan Mantri Awas Yojana
- PMFBY Pradhan Mantri Fasal Bima Yojana
- PMI Purchasing Manager’s Index
- PMKSY Pradhan Mantri Krishi Sinchayee Yojana
- POL Petroleum Oil and Lubricants
- PoS Point of Sale
- PPI Producer Price Index
- PRIs Panchayati Raj Institutions
- PSB Public Sector Bank
- PSBs Public Sector Banks
- PSE Public Sector Enterprise
- PSF Price Stabilization Fund
- PTR Pupil Teacher Ratio
- PVB Private Sector Bank
- QFI Qualified Foreign Investor
- R&D Research and Development
- RBI Reserve Bank of India
- RE Revised Estimates
- REITs Real Estate Investment Trusts
- RGI Registrar General of India
- RMSA Rashtriya Madhyamik Shiksha Abhiyan
- RoA Return on Assets
- RoE Return on Equity
- RRBs Regional Rural Banks
- RRR Reverse Repo Rate
- RSA Restructured Standard Advances
- RTE Right to Education
- SA Stressed Advances
- SBM(G) Swachh Bharat Mission (Gramin)
- SCB Scheduled Commercial Bank
- SDG Sustainable Development Goal
- SDGs Sustainable Development Goals
- SDR Special Drawing Rights
- SEBI Securities and Exchange Board of India
- SEIS Services Exports from India Scheme
- SGST State Goods and Services Tax
- SHG Self Help Group
- SLR Statutory Liquidity Ratio
- SRR Seed Replacement Rate
- SSA Sarva Shiksha Abhiyaan
- SUUTI Specified Undertaking for Unit Trust of India
- TAN Tax Deduction Account Number
- TB Treasury Bill
- TPDS Targeted Public Distribution System
- TRAI Telecom Regulatory Authority of India
- UDAY Ujjwal Discom Assurance Yojna
- UDISE Unified District Information System for Education
- ULBs Urban Local Bodies
- UN United Nations
- UNCTAD United Nations Conference on Trade and Development
- UNDP United Nations Development Programme
- UNESCO United Nations Educational, Scientific and Cultural Organization
- USD United States Dollar
- USGS United States Geological Survey
- UTs Union Territories
- VGF Viability Gap Funding
- VRR Varietal Replacement Rate
- WACR Weighted Average Call Rate
- WPI Wholesale Price Index
- WTO World Trade Organization
Take a short Quiz from the Abbreviations which you have studied from the list above. This will help you to benchmark your preparations in the abbreviations side. Take the Quiz and comment your scores in the comment section.
1. What is the Full form of CRAR ?
(A) Capital to Risk-weighted Asset Returns
(B) Capital to Right-weighted Asset Ratio
(C) Capital to Risk – with Assets Ratio
(D) Capital to Risk-weighted Asset Ratio
(E) Capital to Risk-weighted Appropriate Ratio
2. What is the Full form of GNI ?
(A) Gross National Income
(B) Gross Neutral Income
(C) General National Invoice
(D) Gross Near Incorporate
(E) General National Income
3. What is the Full Form of IBC ?
(A) Insolvency and Bankruptcy Code
(B) Insolvency Banking Code
(C) Indirect Banking Corporate
(D) Inherited Bank Cash
(E) Insolvency Bank Cycle
4. What is full form of SCB ?
(A) Scheduled Corporate Banks
(B) Single Concerned Banks
(C) Separate Corporate Banks
(D) Segregated Commercial Banks
(E) Scheduled Commercial Banks
5. What is the full form of CPI ?
(A) Consumer Price Index
(B) Consumer People Index
(C) Costlier Price Incentive
(D) Cost Per Index
(E) Corporate Price Incentive
6. What is the full form of FII ?
(A) First Insitutional Investigator
(B) Foreign Institutional Investor
(C) Field Investor Institutions
(D) Foreign Investor Investigation
(E) Foreign Investor Institution
7. What is the Full Form of IRR ?
(A) Investor Reusable Rate
(B) Internal Repo Rate
(C) Initial Return of Rate
(D) Internal Rate Of Return
(E) Immediate Return Rate
8. What is the full form of NFA ?
(A) No Frills Account
(B) No Fade Amounts
(C) Number of Find Amount
(D) Next Freezing Account
(E) Numbered Fixed Account
9. What is the full form of SRR ?
(A) Statutory Required Rate
(B) Seed Replacement Rate
(C) Send Recovery Rate
(D) Serial Repo Rate
(E) Serial Random Recovery
10. What is the full form of FRN ?
(A) Floating Rate Note
(B) Fixed Repo Rate
(C) Flying Reversed Rate
(D) Floating Repo Rate
(E) Finding Removed Rate
Aspirants can check the answers for the above questions from the options provided below and please comment the scores from the quiz in the link below.
1. (D)
2. (A)
3. (A)
4. (E)
5. (A)
6. (B)
7. (D)
8. (A)
9. (B)
10. (A)
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