Important MBA Terms
A thorough knowledge of various business and economy related terms is essential for all MBA aspirants. Following is the list of important and useful business terms for MBA entrance exams like CAT, XAT, SNAP, BITSAT, and NMIMS.
ASSOCHAM – Associated Chamber of Commerce and Industries
BPL – Below Poverty Line
BSE – Bombay Stock Exchange
CRR – Cash reserve ratio
ED – Excise Duty
FDI – Foreign Direct Investment
FICCI – Federation of Indian Chamber of Commerce & Industries
FTZ – Free Trade Zone
GDP – Gross Domestic Product
INR – Indian Rupee “Rs.”
IT – Income Tax
ITR – Income Tax Return
NIFTY – Benchmark index of National Stock Exchange “NSE”
NSE – National Stock Exchange
SAARC – South Asian Association for Regional Co-operation
SAFTA -South Asia Free Trade Agreement
Sensex – Benchmark Index of Bombay Stock Exchange
SEZ – Special Economic Zone
SGDP- Sustainable Gross Domestic Product
SSI – Small Scale Industry
STPI – Software Technology Parks of India
VAT – Value Added Tax
Click here for the list of important vocabulary for CAT and other MBA entrance exams