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Home Articles

Important Abbreviations for Competitive Exams

by Famida
October 5, 2020
in Articles, General Knowledge, Preparation Tips
Important Abbreviations for Competitive Exams
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Table of Contents

  • Abbreviation
  • Important Abbreviations

General Awareness is one of the important sections of most bank and government exams. Today, we bring to you the most major abbreviations that you must read for upcoming bank and government exams. In this article, we will discuss Important Abbreviations for Competitive Exams.

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Abbreviation

An Abbreviation is a shortened type of a word or phrase. People accustomed abbreviate sentences or words or phrases once they find it very long to talk or to recollect. There are many such abbreviated forms that we’ve heard or used somewhere but don’t realize their correct expanded versions. So here we’ve given a listing of these popular/important abbreviations (along with their expanded forms) which are usually asked in the competitive exams like IBPS Recruitment Exams (PO, Clerk, SO, and RRB), etc.

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Important Abbreviations

 N.o Important Abbreviations
UDAY – Ujjwal Discom Assurance Yojna
         2. UJALA- Unnat Jyoti by Affordable LEDs for All
         3. CAGR- Compound Annual Growth Rate
         4. FRDI- Financial Resolution and Deposit Insurance
         5. CGST- Central Goods and Services Tax
         6. CLSS- Credit Linked Subsidy Scheme
         7. DIPAM- Department of Investment and Public Asset Management
         8. FIPB- Foreign Investment Promotion Board
         9. NAREDCO- National Real Estate Development Council
        10. NICRA- National Innovations on Climate Resilient Agriculture
        11. REIT- Real Estate Investment Trust
        12. SUUTI- Specified Undertaking for Unit Trust of India
        13. UDISE- Unified District Information System for Education
        14. UNCTAD-United Nations Conference on Trade and Development
        15. SEHAT- Social Endeavour For Healthcare And Telemedicine
        16. AMRUT- Atal Mission For Rejuvenation & Urban Transformation
        17. HRIDAY- Heritage City Development & Augmentation Yojana
        18. PRASAD- Pilgrimage Rejuvenation & Spiritual Augmentation Drive
        19. IUHDSS- Integrated Underwater Defence and Surveillance System
        20. MUDRA- Micro Units Development and Refinance Agency
        21. SETU- Self-Employment and Talent Utilization
        22. PRAGATI- Pro Active Governance And Timely Implementation
        23. FSDC – Financial Stability and Development Council
        24. BIMSTEC- Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
        25. UNCTAD- United Nations Conference on Trade and Development
        26. SANKALP- Skill Acquisition and Knowledge Awareness for Livelihood Promotion program
        27. SWAYAM- Study Webs of Active-Learning for Young Aspiring Minds
        28. SWAYAM- Study Webs of Active-Learning for Young Aspiring Minds
        29. SWAYAM- Study Webs of Active-Learning for Young Aspiring Minds
        30. MANAS- Maulana Azad National Academy for Skills set up to address skill development needs of minority communities.
        31. ASEAN- Association of South East Asian Nations
        32. AT&C- Aggregate Technical and Commercial
        33. BRICS- Brazil, Russia, India, China and South Africa
        34. DDA- Doha Development Agenda
        35. DISCOMS- Distribution Companies
        36. e-NAM- Electronic National Agriculture Market
        37. GNPA- Gross Non-Performing Advances
        38. IBC- Insolvency and Bankruptcy Code
        39 IGST- Integrated Goods and Services Tax
        40. IT-BPM- Information Technology – Business Process Management
        41. MDGs- Millennium Development Goals
        42. MSME- Micro, Small & Medium Enterprises
        43. NABARD- National Bank for Agriculture and Rural Development
         44. NCLT- National Company Law Tribunal
         45. NDTL- Net Demand and Time Liabilities
         46. NITI- National Institution for Transforming India
         47. PMAY- Pradhan Mantri Awas Yojana
        48. PMFBY- Pradhan Mantri Fasal Bima Yojana
        49. PMKSY- Pradhan Mantri Krishi Sinchayee Yojana
        50. SEBI- Securities and Exchange Board of India
        51. TPDS- Targeted Public Distribution System
        52. UNESCO- United Nations Educational, Scientific and Cultural Organization
        53. IRDAI– Insurance Regulatory and Development Authority
        54. PFRDA– Pension Fund Regulatory & Development Authority
       55. FSSAI– Food Safety and Standards Authority of India
       56. NASSCOM– National Association of Software and Service Companies
       57. WIPO- World Intellectual Property Organization
       58. OECD- Organization for Economic Cooperation and Development
       59. IRENA- International Renewable Energy Agency
       60. DRDO– Defence Research and Development Organisation
       61. INSAT– Indian National Satellite
       62. FRBM- Fiscal Responsibility and Budget Management Act
       63. DISHA- Digital Saksharta Abhiyan
        64. PMBJP- Pradhan Mantri Bhartiya Janaushadhi Pariyojana
        65. DISHA- Digital Saksharta Abhiyan
        66. NavIC- Navigation Indian Constellation
        67. SDR – Special Drawing Rights
        68. ASBA – Application Supported by Blocked Amount
        69. ASSOCHAM – Associated Chambers of Commerce and Industry of India
        70. CRAR – Capital to Risk Weighted Asset Ratio
        71. LAMPS – Large-sized Adivasi Multipurpose Societies

In this blog, we discussed the Important Abbreviations for Competitive Exams. Keep visiting this article for more updates.

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Famida

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