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Abbreviations/TermsA thorough knowledge of various business and economy related terms is essential for all MBA aspirants. We at NNE have compiled a list of such terms for your convenience.
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
SSI – Small Scale Industry
STPI – Software Technology Parks of India
VAT – Value Added Tax (DOU 13082007)
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