Important Abbreviations Questions For Entrance Exams-A

Important Abbreviations Questions For Entrance Exams-A

Asian Development Bank: Here are some of the queries related to abbreviations, beginning with ADB- Asian Development Bank, normally asked in competitive examinations held by agencies such a State PSCs, UPSC, SSC, IBPS, Railways, PSUs, etc. We have also provided detailed descriptions for queries, wherever deem essential. So, to begin with, Asian Development Bank.

ADB- Asian Development Bank

Type of OrganizationMultilateral Development Bank
Founded on19 December 1966
Headquarters Metro Manila, Philipines
JurisdictionAsia- Pacific
HeadquartersMetro Manila, Philipines
Governing BodyBoard of Directors elected by the Board of Governors
Members68 countries
Major ShareholdersJapan (15.57% share) USA(15.57%(, China(6.43%), India(6.32%), and Australia (5.77%)
Current President Masatsugu Asakawa from Japan since 17 January 2020
Asian Development Bank

AGM: Annual General Meeting

  • It is annual general meeting or annual meeting of members of organizations
  • It applies to organizations such as membership associations and companies with shareholders
  • Convening AGMs are required by law or by the constitution, charter, or by-laws governing the body/organiztion.
  • In India the conditions stipulated by the Companies Act 1956 /Amendements 2017 for companies
  • It is required for normally for purposes of important business, passing budgets, presentation of financial statements, appointment of Director, Declare the dividend etc.

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AIBP: Accelerated Irrigation Benefit Programme

Accelerated Irrigation Benefit Program (AIBP) was a scheme launched by the Government o India in the 1996-97 period to accelerate the creation of irrigation projects in the country. Under the Accelerated Irrigation Benefit program, the Central government would provide financial and other assistance to the state governments:

  • To set up new irrigation projects in the country
  • To accelerate construction of pending products

AMC: Annual Maintenance Contract

An annual maintenance contract (AMC) is an agreement between an organization or individual and a service provider for the repair and maintenance of the property including devices, buildings, land, parking lots, etc.

ALM: Asset Liability Management

Asset and liability management (ALM) is a risk management practice normally banks and other financial institutions to avoid losses resulting from non-payment of liabilities on time

AMEX: American Stock Exchange

The American Stock Exchange (AMEX) is the former name of America’s stock exchange used to be the third-largest stock exchange in the US. In 2008, NYSE Euronext acquired AMEX and renamed it -the NYSE American, which mostly trades small-cap stocks.

AMFI: Association of Mutual Funds in India

AMFI is an association of SEBI registered mutual funds in India. It was established in 1995 and has 45 members.

AML: Anti-Money Laundering

Anti-money laundering (AML) refers to the laws, regulations, and measures designed to stop the dubious tactics by vested interests for converting unaccounted money into legitimate money.

ANBC: Adjusted Net Bank Credit

Adjusted Net Bank Credit is a banking term used to show the net banking credit after excluding bill discounting and non-SLR securities held by banks

APACS: Association for Payment Clearing Services

Association for Payment Clearing Services is better known as an association of UK banks established in 1985 to manage payment clearing and overseas money transmission in the UK.

APC: Average Propensity to Consume

Average Propensity to Consume measures the percentage of income that is spent rather than saved. It is used to track the spending habit of a group, community, country, etc.

ARIEL: Automated Realtime Investment Exchange

ASEAN: Association of South East Asian Nations

The Association of South East Asian Nations is a regional organization of 10 South East Asian and Pacific countries to promote collaboration in socio-cultural, economic, and political advancement in the region. The member countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

ATM: Automated Teller Machine

An automated teller machine (ATM) is an electronic banking outlet to allow customers to transact using a debit or credit card without having to visit their bank.

ATIF: Agriculture Tech Infrastructure Fund

ASBA: Application Supported by Blocked Amount

Application Supported by Blocked Amount (ASBA) is an application normally used for matters related to public issues. This is an application made by an investor authorizing his bank to block funds in his account for subscribing to a Public Issue.

ATS: Anti-Terrorism Squad

Anti-Terrorism Squad is a security arrangement at various states to deal with terrorist activities in their territories.

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