Question 1
What is the full form of "AD"?
A. Accounts Department
B. Annual Dealer
C. Asset Dividend
D. Authorized Dealer
View Answer
Answer: Option D
Explanation:
An authorized dealer is an individual or company authorized by a manufacturer to sell its products. This dealer has a franchise to represent a well-established brand and distribute its products.
Question 2
What is the full form of "AFS"?
A. Accounting Finalise Statement
B. Annual Foreign Stock
C. Annual Financial Statement
D. Active Financial Security
View Answer
Answer: Option C
Explanation:
Annual financial statements are financial reports based on a 12 month consecutive time period. The most common set of financials are based on the calendar year, but they can also be based on a company's fiscal year.
Question 3
What is the full form of "AFS"?
A. Annual Financial Stock
B. Available For Sale
C. Available For Stock
D. Annual Foreign Stock
View Answer
Answer: Option B
Explanation:
An available-for-sale security (AFS) is a debt or equity security purchased with the intent of selling before it reaches maturity or holding it for a long period should it not have a maturity date. Accounting standards necessitate that companies classify any investments in debt or equity securities when they are purchased as held-to-maturity, held-for-trading, or available-for-sale.
Question 4
What is the full form of "AIR"?
A. Annual Income Ratio
B. Assert Interest Ratio
C. Assumed Interest Rate
D. Accounting Information Range
View Answer
Answer: Option C
Explanation:
The assumed interest rate (AIR) is the rate of interest (or growth rate) selected by an insurance company. The assumed interest rate is provided to determine the value of an annuity contract and, therefore, the periodic income payment provided to the annuitant.
Question 5
What is the full form of "APR"?
A. Annual Progress Report
B. Annual Percentage Rate
C. Average Profit Ratio
D. Account Progress Report
View Answer
Answer: Option B
Explanation:
Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment. This includes any fees or additional costs associated with the transaction, but it does not take compounding into account. The APR provides consumers with a bottom-line number they can compare among lenders, credit cards or investment products.
Question 6
What is the full form of "ARIMA"?
A. Auto-Regressive Integrated Moving Average
B. Active Resource for Investment and Management
C. Autonomous Resource for International Movement Association
D. Auxillary Revenue for Investing on Market
View Answer
Answer: Option A
Explanation:
ARIMA is an acronym that stands for AutoRegressive Integrated Moving Average. It is a class of model that captures a suite of different standard temporal structures in time series data. In this tutorial, you will discover how to develop an ARIMA model for time series forecasting in Python.
Question 7
What is the full form of "ARM"?
A. Adjustable Rate Mortgage
B. Annual Report Margin
C. Account Record Management
D. Average Retail Margin
View Answer
Answer: Option A
Explanation:
An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time. After that, the interest rate resets periodically, at yearly or even monthly intervals.
Question 8
What is the full form of "ATM"?
A. Annual Trade Marketing
B. Asynchronous Transfer Mode
C. Account Transaction Mode
D. Asymmetric Transfer Mode
View Answer
Answer: Option B
Explanation:
Asynchronous Transfer Mode (ATM) is a telecommunications standard defined for digital transmission of multiple types of traffic, including telephony (voice), data, and video signals in one network without the use of separate overlay networks. ATM was developed to meet the needs of the Broadband Integrated Services Digital Network, as defined in the late 1980s, and designed to integrate telecommunication networks.
Question 9
What is the full form of "ATM"?
A. Automated Transfer Machine
B. Automatic Teller Machine
C. Automated Teller Machine
D. Authorized Teller Machine
View Answer
Answer: Option C
Explanation:
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
Question 10
What is the full form of "CCEA"?
A. Cabinet Committee on Economic Affairs
B. Central Commerce Economic Affairs
C. Certified Commerce Exchange Act
D. Central Committee Exchange Act
View Answer
Question 11
What is the full form of "CCIL"?
A. Central Credit India Limited
B. Capital Commerce Investment Limited
C. Certified Commerce India Limited
D. Central Commerce India Limited
View Answer
Question 12
What is the full form of "BSR"?
A. Basic Stock Return
B. Stock Based Return
C. Bombay Stock Return
D. Basic Statistical Return
View Answer
Answer: Option D
Explanation:
Basic Statistical Return (BSR) Code is a unique code assigned to each individual branch of banks by Reserve Bank of India. It consists of seven digits where first three digits represent the bank and remaining four digits represent the bank branch. It is used while filling the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) returns. BSR Code helps the bank to maintain a record of all online transactions done for tax through a bank branch. It also helps the Department of Income Tax to record the information about the payments made through a particular bank.
Question 13
What is the full form of "CFA"?
A. Chief Finance Administrator
B. Chief Finance Accountant
C. Chartered Financial Analyst
D. Capital Fund Analyst
View Answer
Answer: Option C
Explanation:
A chartered financial analyst (CFA) is a globally-recognized professional designation given by the CFA Institute, (formerly the AIMR (Association for Investment Management and Research)), that measures and certifies the competence and integrity of financial analysts. Candidates are required to pass three levels of exams covering areas, such as accounting, economics, ethics, money management, and security analysis.
Question 14
What is the full form of "CAD"?
A. Capital Account Deficit
B. Capital Account Dealer
C. Chief Account Dealer
D. Chief Asset Derivative
View Answer
Question 15
What is the full form of "CAG"?
A. Consolidated Audit General
B. Commercial Auditor General
C. Controller and Auditor General of India
D. Commercial Account Growth
View Answer
Answer: Option C
Explanation:
The Comptroller and Auditor General (CAG) of India is the Constitutional Authority in India, established under Article 148 of the Constitution of India. He is empowered to Audit all receipts and expenditure of the Government of India and the State Governments, including those of autonomous bodies and corporations substantially financed by the Government. The CAG is also the statutory auditor of Government-owned corporations and conducts supplementary audit of government companies in which the Government has an equity share of at least 51 per cent or subsidiary companies of existing government companies.
Question 16
What is the full form of "CAO"?
A. Cost of Assets
B. Chief Accounting Officer
C. Chief Administrative Officer
D. Capital of Assets
View Answer
Answer: Option B
Explanation:
Chief accounting officers (CAOs) are in charge of the entire accounting department of their institution. They are responsible for their company's accounting operations and financial reporting functions. They oversee accounting and administrative staff. They must make sure that their staff follow procedures and adhere to various regulatory rules and regulations.
Question 17
What is the full form of "CAPEX"?
A. Credit Account Profit Exchange
B. Capital Expenditures
C. Capital Exchange
D. Chartered Profit Exchange
View Answer
Answer: Option B
Explanation:
Capital expenditures (CapEx) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment. CapEx is often used to undertake new projects or investments by a company.
Question 18
What is the full form of "CFM"?
A. Chief Finance Management
B. Cost of Federal Market
C. Certified Financial Manager
D. Current Finance Monetary
View Answer
Answer: Option C
Explanation:
Certified Financial Manager (CFM) was a finance certification in financial management. The credential was earned through work experience, examination, and continuing education. The program was established by Institute of Management Accountants in June 1996, and 4,940 financial professionals earned the CFM designation.
Question 19
What is the full form of "CFO"?
A. Chief Financial Officer
B. Chief Finance Organiser
C. Certified Financial Officer
D. Chief Security Officer
View Answer
Answer: Option A
Explanation:
The term chief financial officer (CFO) refers to a senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions. The role of a CFO is similar to a treasurer or controller because they are responsible for managing the finance and accounting divisions and for ensuring that the company's financial reports are accurate and completed in a timely manner.
Question 20
What is the full form of "CIA"?
A. Chief Internal Accountant
B. Certified Income Auditing
C. Certified Internal Auditor
D. Current Investment Analyst
View Answer
Answer: Option C
Explanation:
A Certified Internal Auditor (CIA) is a certification offered to accountants who conduct internal audits. The Certified Internal Auditor designation is conferred by the Institute of Internal Auditors (IIA) and is the only such credential that is accepted worldwide.
Question 21
What is the full form of "CISA"?
A. Commodity Investment Stock Analyst
B. Current Interest Scale Analyst
C. Certified Information Systems Auditor
D. Chief Internal Security Auditor
View Answer
Answer: Option C
Explanation:
Certified Information Systems Auditor (CISA) refers to a designation issued by the Information Systems Audit and Control Association (ISACA). The designation is the global standard for professionals who have a career in information systems, in particular, auditing, control, and security.
Question 22
What is the full form of "COB"?
A. Credit Of Bank
B. Commercial Bank
C. Close of Business
D. Chief Operator of Business
View Answer
Answer: Option C
Explanation:
COB is an acronym for "close of business," which is the end of the business day. Most companies base COB hours on traditional U.S. business closing hours of 5 p.m.
Question 23
What is the full form of "CMA"?
A. Certified Management Accountant
B. Chief Management Administrator
C. Commodity Marginal Audit
D. Certified Marketing Auditor
View Answer
Answer: Option A
Explanation:
Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics. There are many professional bodies globally that have management accounting professional qualifications.
Question 24
What is the full form of "CMO"?
A. Commodity Monetary Operation
B. Chief Marketing Officer
C. Chief Management Officer
D. Certified Management Option
View Answer
Answer: Option B
Explanation:
A Chief Marketing Officer (CMO) is responsible for overseeing the planning, development and execution of an organization's marketing and advertising initiatives. Reporting directly to the chief executive officer, the CMO's primary responsibility is to generate revenue by increasing sales through successful marketing for the entire organization, using market research, pricing, product marketing, marketing communications, advertising and public relations.
Question 25
What is the full form of "COO"?
A. Chief Operating Officer
B. Credit Operating Officer
C. Credit on Option
D. Certified Operating Officer
View Answer
Answer: Option A
Explanation:
The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business. The COO typically reports directly to the chief executive officer (CEO) and is considered to be second in the chain of command.
Question 26
What is the full form of "CPA"?
A. Customer Profit Asset
B. Chief Private Admistrator
C. Central Provident Account
D. Certified Public Accountant
View Answer
Answer: Option D
Explanation:
A certified public accountant (CPA) is a designation provided to licensed accounting professionals. The CPA license is provided by the Board of Accountancy for each state. The American Institute of Certified Public Accountants (AICPA) provides resources on obtaining the license. The CPA designation helps enforce professional standards in the accounting industry.
Question 27
What is the full form of "CPP"?
A. Certified Payroll Professional
B. Certified Private Property
C. Commercial Portfolio Prosperity
D. Customer Providence Power
View Answer
Answer: Option A
Explanation:
The Certified Payroll Professional (CPP) is a certification credential for experienced payroll professionals. To qualify for CPP certification, candidates at a minimum must have three years of payroll practice in the five years prior to taking the exam.
Question 28
What is the full form of "DSA"?
A. Debit Stock Assets
B. Direct Stock Agent
C. Direct Selling Agent
D. Discount Selling Account
View Answer
Answer: Option C
Explanation:
As the name suggests, direct selling agents or the DSA are experts brought direct business to institutes. With increasing competition in the banking sector, the banks and financial companies have assigned business developers as DSAs works in the field and giving clients for the financial goods provided by the banking industry, such as loans, credit cards, etc. They are paid a fixed percentage commission on the bank's business.
Question 29
What is the full form of "CRR"?
A. Cash Reserve Ratio
B. Certified Resource Rate
C. Censored Return Rate
D. Ceiled Rate for Returns
View Answer
Answer: Option A
Explanation:
Cash Reserve Ratio (CRR) is the share of a bank's total deposit that is mandated by the Reserve Bank of India (RBI) to be maintained with the latter as reserves in the form of liquid cash.
Question 30
What is the full form of "CSO"?
A. Consolidated Statistics Order
B. Current Security Officer
C. Chief Security Officer
D. Cabinet Security Officer
View Answer
Answer: Option C
Explanation:
The chief security officer (CSO) is a company executive responsible for the security of personnel, physical assets, and information in both physical and digital form. The importance of this position has increased in the age of information technology (IT) due to the dangers of hacking, ransomware, and data theft.
Question 31
What is the full form of "CTO"?
A. Capital Take Over
B. Central Trading Operation
C. Commerce Trade Officer
D. Chief Technology Officer
View Answer
Answer: Option D
Explanation:
A chief technology officer (CTO) is the executive in charge of an organization's technological needs as well as its research and development (R&D). Also known as a chief technical officer, this individual examines the short- and long-term needs of an organization and utilizes capital to make investments designed to help the organization reach its objectives.
Question 32
What is the full form of "EFT"?
A. Exchange Fund Transfer
B. Efficient Financial Trading
C. Foreign Exchange Turnover
D. Electronic Funds Transfer
View Answer
Answer: Option D
Explanation:
Electronic funds transfer is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.
Question 33
What is the full form of "ETF"?
A. Exchange Traded Funds
B. Non-Banking Companies
C. Non-Banking Companies
D. Auto-Regressive Integrated Moving Average
View Answer
Answer: Option A
Explanation:
An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same way a regular stock can. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.
Question 34
What is the full form of "FCCB"?
A. Food and Finance Corporation Board
B. Financial Committe for Certified Business
C. Fast Credits on Conservative Basis
D. Foreign Currency Convertible Bond
View Answer
Answer: Option D
Explanation:
A foreign currency convertible bond (FCCB) is a type of convertible bond issued in a currency different than the issuer's domestic currency. In other words, the money being raised by the issuing company is in the form of foreign currency. A convertible bond is a mix between a debt and equity instrument.
Question 35
What is the full form of "FDIC"?
A. Finance Direct Investment Commitee
B. Fixed Deposite Interest Cost
C. Finance Development International commitee
D. Federal Deposit Insurance Corporation
View Answer
Answer: Option D
Explanation:
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receivership.
Question 36
What is the full form of "FEMA"?
A. Financial Exchange Management Act
B. Foreign Exchange Management Act
C. Foreign Exchange Monetary Analyst
D. Financial Exchange Marketing Act
View Answer
Answer: Option B
Explanation:
The Foreign Exchange Management Act (FEMA), 1999, is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India".
Question 37
What is the full form of "FICCI"?
A. Federation of Indian Chambers of Commerce and Industry
B. Financial of Indian Chambers of Commerce and Industry
C. International Fiscal Investor Credit and Community
D. Foreign Currency Convertible Bond
View Answer
Answer: Option A
Explanation:
The Federation of Indian Chambers of Commerce & Industry (FICCI) is a non-governmental trade association and advocacy group based in India. Established in 1927, on the advice of Mahatma Gandhi by Indian businessman Mr. G.D. Birla and Purshottamdas Thakurdas. It is the largest, oldest and the apex business organisation in India. It is a non-government, not-for-profit organisation. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs.
Question 38
What is the full form of "FIMMDA"?
A. Fixed Income Money Market and Derivatives Association of India
B. Flat Investment on Market and Mutual Fund Deficit
C. Functional Investment on Market and Deficit Asset
D. Abbreviation is wrong
View Answer
Answer: Option A
Explanation:
Fixed Income Money Market and Derivatives Association of India (FIMMDA) is an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies in India representing the Market for the Bond, Money and Derivatives Products. It functions as the principal interface and works closely with the regulators, RBI, SEBI, Ministry of Finance, IRDA and other important domestic and International associations. It has 120 members as on date.
Question 39
What is the full form of "FISIM"?
A. Fiscal and Shares Management
B. Foreign Institutional Services and Investor Maturity
C. Financial Intermediation Services Indirectly Measured
D. Fiscal Intermediate Solution on Investing in Mutual Fund
View Answer
Answer: Option C
Explanation:
FISIM stands for Financial Intermediation Services Indirectly Measured. In the System of National Accounts it is an estimate of the value of the services provided by financial intermediaries, such as banks, for which no explicit charges are made; instead these services are paid for as part of the margin between rates applied to savers and borrowers. The supposition is that savers would receive a lower interest rate and borrowers pay a higher interest rate if all financial services had explicit charges.
Question 40
What is the full form of "FLAS"?
A. Functional Learning and Solution
B. Foreign Liabilities and Assets Survey
C. Flow and Surge
D. Financial Linked Systematic Assesment
View Answer
Question 41
What is the full form of "FOF"?
A. Focus on Funding
B. Flow Of Funds
C. Fresh on Funding
D. Funding on Forex
View Answer
Answer: Option B
Explanation:
Flow of funds (FOF) are financial accounts that are used to track the net inflows and outflows of money to and from various sectors of a national economy. Macroeconomic data from flow of funds accounts are collected and analyzed by a country's central bank. In the United States, this data is released by the Federal Reserve Bank approximately 10 weeks after the end of each quarter.
Question 42
What is the full form of "FPI"?
A. Functional Profit Investment
B. Financial Performance Index
C. Financial Portfolio Investment
D. Foreign Portfolio Investment
View Answer
Answer: Option D
Explanation:
Foreign portfolio investment (FPI) consists of securities and other financial assets held by investors in another country. Along with foreign direct investment (FDI), FPI is one of the common ways to invest in an overseas economy. FDI and FPI are both important sources of funding for most economies.
Question 43
What is the full form of "FRA"?
A. Forex Resource Allocation
B. Forward Rate Agreement
C. Financial Resource Allotment
D. For Research Assignment
View Answer
Answer: Option B
Explanation:
A forward rate agreement (FRA) is a cash-settled OTC contract between two counterparties, where the buyer is borrowing (and the seller is lending) a notional sum at a fixed interest rate (the FRA rate) and for a specified period of time starting at an agreed date in the future.
Question 44
What is the full form of "FRB"?
A. Finance Reserve Bond
B. Fixed Rate Bank
C. Federal Reserve Board
D. Foreign Repo Board
View Answer
Answer: Option C
Explanation:
The Federal Reserve Board (FRB) oversees the activities of Reserve Banks, approving the appointments of their presidents and some members of their boards of directors. The Board sets reserve requirements for depository institutions and approves changes in discount rates recommended by Reserve Banks.
Question 45
What is the full form of "FSDC"?
A. Federation Stability Development Council
B. Financial Stability and Development Council
C. Foreign Stock Dividend Committee
D. Federal Stock Development Committee
View Answer
Answer: Option B
Explanation:
Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India.
Question 46
What is the full form of "IDB"?
A. India Development Bonds
B. International Deposit on Bonds
C. Investment in Direct Bonds
D. Insurance Development Board
View Answer
Question 47
What is the full form of "IRA"?
A. Investment Ratio Asset
B. Rate of Average Income
C. International Revenue Account
D. Individual Retirement Account
View Answer
Answer: Option D
Explanation:
An individual retirement account (IRA) is a savings account with tax advantages that individuals can use to save and invest long term.
Question 48
What is the full form of "ISO"?
A. International Organization for Standardization
B. Indian Stable Organisation
C. Insurance Sales Operation
D. Investment and Sales Operation
View Answer
Answer: Option A
Explanation:
The International Organization for Standardization (ISO) is an international nongovernmental organization made up of national standards bodies; it develops and publishes a wide range of proprietary, industrial, and commercial standards and is comprised of representatives from various national standards organizations.
Question 49
What is the full form of "IFC"?
A. Indian FOREX Committee
B. Information and Forecasting Committee
C. Investment on Foreign Currency
D. International Finance Corporation
View Answer
Answer: Option D
Explanation:
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
Question 50
What is the full form of "IFCI"?
A. Indian Financial Council for Investment
B. Institute for Finance and Credit Inc.
C. Investing and Forecasting Information
D. Industrial Finance Corporation of India
View Answer
Answer: Option D
Explanation:
IFCI, previously Industrial Finance Corporation of India, is a development finance institution under the jurisdiction of Ministry of Finance, Government of India . Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE. IFCI has seven subsidiaries and one associate.
Question 51
What is the full form of "MF"?
A. Market with Finance
B. Financial Month
C. Mutual Fund
D. Maturity For
View Answer
Answer: Option C
Explanation:
A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors.
Question 52
What is the full form of "MMKT"?
A. Management Key Trading
B. Middle Market
C. Money Market
D. Mutual Market Trading
View Answer
Answer: Option C
Explanation:
The money market is an organized exchange market where participants can lend and borrow short-term, high-quality debt securities with average maturities of one year or less. It enables governments, banks, and other large institutions to sell short-term securities to fund their short-term cash flow needs. Money markets also allow individual investors to invest small amounts of money in a low-risk setting.
Question 53
What is the full form of "MoF"?
A. Minimal of Funding
B. Minimum Operating Facility
C. Mutual on Funds
D. Ministry of Finance
View Answer
Answer: Option D
Explanation:
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
Question 54
What is the full form of "LOI"?
A. Loss Of Investment
B. Lack Of Investment
C. Letter Of Inquiry
D. Letter Of Intent
View Answer
Answer: Option D
Explanation:
A letter of intent (LOI) is a document declaring the preliminary commitment of one party to do business with another. The letter outlines the chief terms of a prospective deal. Commonly used in major business transactions, LOIs are similar in content to term sheets. One major difference between the two, though, is that LOIs are presented in letter formats, while term sheets are listicle in nature.
Question 55
What is the full form of "MTD"?
A. Mark To Market
B. Month To Delivery
C. Management Trading Division
D. Month To Date
View Answer
Answer: Option D
Explanation:
Month-to-date (MTD) is a period starting at the beginning of the current calendar month and ending at the current date. Month-to-date is used in many contexts, mainly for recording results of an activity in the time between a date (exclusive, since this day may not yet be "complete") and the beginning of the current month.
Question 56
What is the full form of "NBC"?
A. National Bureau for Corporations
B. Non-Banking Companies
C. New Business Contracts
D. Native Business Credit
View Answer
Question 57
What is the full form of "NBFC"?
A. Non Banking Financial Companies
B. National Banking and Financial Consortium
C. Native Fiscal and Balance Credit
D. Non Bailable Financial Credit
View Answer
Answer: Option A
Explanation:
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations.
Question 58
What is the full form of "NCND"?
A. Net Credit and Net Debit
B. Non-Circumvention and Non-Disclosure
C. National Committe for Non-Disclosure
D. Foreign Institutional Investor
View Answer
Answer: Option B
Explanation:
An NCND, also called a non-circumvention/non-disclosure agreement, is used in the early stages of a business agreement. It is commonly used when the buyer and seller aren't familiar with each other but have been connected by a broker or middleman to make a transaction. An NCND agreement makes sure that the brokers or intermediaries aren't left out of the transaction. In other words, it is an agreement to protect the broker in case the buyer and seller want to pursue the deal but leave the broker out of it.
Question 59
What is the full form of "NDA"?
A. New Dividend Agreement
B. Non-Disclosure Agreement
C. Normal Debit Account
D. Non Documentary Asset
View Answer
Answer: Option B
Explanation:
A non-disclosure agreement or NDA is a written contract between two parties (people or organisations) that prohibits the sharing of confidential information shared between both the ends.
Question 60
What is the full form of "NHB"?
A. National Housing and Buliding Association
B. Non Hiring Business
C. Native Hidden Brokerage
D. National Housing Bank
View Answer
Answer: Option D
Explanation:
National Housing Bank (NHB), is the apex regulatory body for overall regulation and licensing of housing finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India. It was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is the apex financial institution for housing. NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith.
Question 61
What is the full form of "NYSE"?
A. National Stock Exchange
B. New York Stock Exchange
C. Net Asset Value
D. Net yield Security Exchange
View Answer
Answer: Option B
Explanation:
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark.
Question 62
What is the full form of "P/E ratio"?
A. Price to Earnings Ratio
B. Private Equity
C. Premium Exchange
D. Profitable Enquiry
View Answer
Answer: Option A
Explanation:
The price-to-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings (EPS). The price-to-earnings ratio is also sometimes known as the price multiple or the earnings multiple.
Question 63
What is the full form of "P&L"?
A. Planning and Leaving
B. Promoting and Liquidity
C. Premium and Liability
D. Profit and Loss
View Answer
Answer: Option D
Explanation:
The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement.
Question 64
What is the full form of "PSP"?
A. Price Sharing Plan
B. Premium Stock Position
C. Profit Sharing Plan
D. Private selling Profit
View Answer
Answer: Option C
Explanation:
A profit sharing plan is a retirement plan that gives employees a share in the profits of a company. Under this type of plan, also known as a deferred profit sharing plan (DPSP), an employee receives a percentage of a company's profits based on its quarterly or annual earnings. This is a great way for a business to give its employees a sense of ownership in the company, but there are typically restrictions as to when and how a person can withdraw these funds without penalties.
Question 65
What is the full form of "QTD"?
A. Quarter-to-Date
B. Quarter-to-Delivery
C. Quantitative Taxation Dividend
D. Quality Trade Division
View Answer
Answer: Option A
Explanation:
Quarter-to-date (QTD) is a time interval that captures all relevant company activity that occurred between the beginning of the current quarter and the point at which the data was gathered later in the quarter. Quarter-to-date information is typically gathered in situations when the entire quarterly period has not yet ended, and it can allow management to see how the quarter is shaping up.
Question 66
What is the full form of "REIT"?
A. Real Estate Investment Trust
B. Real Estate Income Trade
C. Repo Efficient Intial Trading
D. Return Exchange Investment Trading
View Answer
Answer: Option A
Explanation:
A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments without having to buy, manage, or finance any properties themselves.
Question 67
What is the full form of "ROA"?
A. Return on assets
B. Rate of assets
C. Repo of analyst
D. Ratio of auditing
View Answer
Answer: Option A
Explanation:
Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets. ROA gives a manager, investor, or analyst an idea as to how efficient a company's management is at using its assets to generate earnings.
Question 68
What is the full form of "ROCE"?
A. Ratio of Captital Earning
B. Return of Commodity Exchange
C. Revenue On Cash Equity
D. Return On Capital Employed
View Answer
Answer: Option D
Explanation:
Return on capital employed is calculated by dividing net operating profit, or earnings before interest and taxes (EBIT), by capital employed. Another way to calculate it is by dividing earnings before interest and taxes by the difference between total assets and current liabilities.
Question 69
What is the full form of "ROE"?
A. Return on Equity
B. Ratio of Exchange
C. Rate of Exchange
D. Rate of Earning
View Answer
Answer: Option A
Explanation:
Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholder's equity. Because shareholder's equity is equal to a company’s assets minus its debt, ROE is considered the return on net assets. ROE is considered a measure of a corporation's profitability in relation to stockholder's equity.
Question 70
What is the full form of "ROIC"?
A. Ratio of Invested Capital
B. Revenue of Capital Index
C. Return on Invested Capital
D. Return of Investment Cash
View Answer
Answer: Option C
Explanation:
Return on invested capital (ROIC) is a calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. The return on invested capital ratio gives a sense of how well a company is using its capital to generate profits.
Question 71
What is the full form of "RONA"?
A. Ratio of Net Assets
B. Revenue of National Accounting
C. Return on Net Assets
D. Rate of Net assests
View Answer
Answer: Option C
Explanation:
Return on net assets (RONA) is a measure of financial performance calculated as net profit divided by the sum of fixed assets and net working capital. Net profit is also called net income.
Question 72
What is the full form of "ROS"?
A. Rate of Sales
B. Ratio of Stock
C. Repo of Sales
D. Return on Sales
View Answer
Answer: Option D
Explanation:
Return on sales (ROS) is a ratio used to evaluate a company's operational efficiency. This measure provides insight into how much profit is being produced per dollar of sales. An increasing ROS indicates that a company is improving efficiency, while a decreasing ROS could signal impending financial troubles. ROS is closely related to a firm's operating profit margin.
Question 73
What is the full form of "SEC"?
A. Stock Exchange Commission
B. Selling Export Committee
C. Stock Economic Crise
D. Securities Exchange Commission
View Answer
Answer: Option D
Explanation:
The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation. It was created by Congress in 1934 as the first federal regulator of the securities markets. The SEC promotes full public disclosure, protects investors against fraudulent and manipulative practices in the market, and monitors corporate takeover actions in the United States.
Question 74
What is the full form of "SIP"?
A. Systematic Index Position
B. Systematic Interest Plan
C. Stock Investment Profit
D. Systematic Investment Plan
View Answer
Answer: Option D
Explanation:
A systematic investment plan (SIP) is a plan in which investors make regular, equal payments into a mutual fund, trading account, or retirement account such as a 401(k). SIPs allow investors to save regularly with a smaller amount of money while benefiting from the long-term advantages of dollar-cost averaging (DCA).
Question 75
What is the full form of "SIV"?
A. Short Investment Vehicle
B. Special Investment Vehicle
C. Structured Investment Vehicle
D. Security Index Value
View Answer
Answer: Option C
Explanation:
A structured investment vehicle (SIV) is a non-bank financial institution established to earn a credit spread between the longer-term assets held in its portfolio and the shorter-term liabilities it issues. They are simple credit spread lenders, frequently "lending" by investing in securitizations, but also by investing in corporate bonds and funding by issuing commercial paper and medium term notes, which were usually rated AAA until the onset of the financial crisis.
Question 76
What is the full form of "TSA"?
A. Treasury Stock Account
B. Tax-Sheltered Annuity
C. Tax stocking Audit
D. Trading Share Analyst
View Answer
Answer: Option B
Explanation:
A tax-sheltered annuity (TSA) is a retirement savings plan that allows employees of tax-exempt organizations and self-employed people to invest pretax dollars to build retirement income. Tax-sheltered annuities are designed to provide consistent payouts over time and act as a reliable source of income in retirement.
Question 77
What is the full form of "TSR"?
A. Total Shareholder Return
B. Taxation of Stock Rate
C. Treasury Stock Return
D. Trading Security Rate
View Answer
Answer: Option A
Explanation:
Total shareholder return (TSR) (or simply total return) is a measure of the performance of different companies' stocks and shares over time. It combines share price appreciation and dividends paid to show the total return to the shareholder expressed as an annualized percentage. It is calculated by the growth in capital from purchasing a share in the company assuming that the dividends are reinvested each time they are paid. This growth is expressed as a percentage as the compound annual growth rate.
Question 78
What is the full form of "WC"?
A. Withdraw Cash
B. Working Capital
C. Wage Capital
D. Wage Collateral
View Answer
Answer: Option B
Explanation:
Working Capital (WC) is the difference between a company's current assets and current liabilities. It is a financial measure, which calculates whether a company has enough liquid assets to pay its bills that will be due within a year. When a company has excess current assets, that amount can then be used to spend on its day-to-day operations.
Question 79
What is the full form of "YTD"?
A. Year to Delivery
B. Yield to Debit
C. Year-to-date
D. Yield of Divergence
View Answer
Answer: Option C
Explanation:
Year to date (YTD) refers to the period of time beginning the first day of the current calendar year or fiscal year up to the current date. YTD information is useful for analyzing business trends over time or comparing performance data to competitors or peers in the same industry. The acronym often modifies concepts such as investment returns, earnings, and net pay.
Question 80
What is the full form of "YTM"?
A. Yield To Money
B. Yield To Maturity
C. Marketing To Yield
D. Mutual Trade Yielding
View Answer
Answer: Option B
Explanation:
Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures. Yield to maturity is considered a long-term bond yield but is expressed as an annual rate. In other words, it is the internal rate of return (IRR) of an investment in a bond if the investor holds the bond until maturity, with all payments made as scheduled and reinvested at the same rate.