List Of Business And Economic Abbreviations: Quiz

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| By Tanmay Shankar
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Tanmay Shankar
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  • 1/5 Questions

    What is the full form of RBI?

    • Reserve Bank of India
    • Rich Bank of India
    • Rural Bank of India
    • Reserve Bankers of India
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About This Quiz

This quiz focuses on common business and economic abbreviations such as FDI, CRR, and IPO. Test your knowledge on these essential terms, enhancing your understanding of key financial concepts and economic operations.

List Of Business And Economic Abbreviations: Quiz - Quiz

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  • 2. 

    What is the full form of FDI?

    • Foreign Direct Investment

    • Full Direct Investment

    • Final Direct Investment

    • Foreign Deposit Investment

    Correct Answer
    A. Foreign Direct Investment
    Explanation
    FDI stands for Foreign Direct Investment. This refers to the investment made by a company or an individual from one country into another country. It involves the direct ownership or control of assets in the foreign country, such as the establishment of a subsidiary or the acquisition of a stake in an existing company. FDI is considered important for economic growth as it brings in capital, technology, and expertise, and stimulates job creation and innovation in the host country.

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  • 3. 

    What is the full form of CRR?

    • Cash Reserve Ratio

    • Credit Reserve Ratio

    • Central Reserve Ratio

    • Cash Retrograde Ratio

    Correct Answer
    A. Cash Reserve Ratio
    Explanation
    The correct answer is Cash Reserve Ratio. Cash Reserve Ratio refers to the percentage of a bank's total deposits that it is required to keep with the central bank as a reserve. This reserve helps in maintaining liquidity in the banking system and controlling inflation. It is an important tool used by central banks to regulate the money supply in the economy.

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  • 4. 

    What is the full form of SEZ?

    • Special Economic Zone

    • Social Economic Zone

    • Special Engineering Zone

    • Social Engineering Zone

    Correct Answer
    A. Special Economic Zone
    Explanation
    SEZ stands for Special Economic Zone. It is a designated area within a country that is subject to unique economic regulations and policies. SEZs are established to attract foreign investment, promote exports, and stimulate economic growth. These zones offer various incentives such as tax breaks, relaxed labor laws, and streamlined customs procedures to attract businesses. SEZs play a crucial role in promoting industrialization, job creation, and overall economic development in a country.

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  • 5. 

    What is the full form of IPO?

    • Indian Public Offering

    • Initial Public Offering

    • Initial Paid Offering

    • Indian Paid Offering

    Correct Answer
    A. Initial Public Offering
    Explanation
    IPO stands for Initial Public Offering. It is the process through which a private company becomes a publicly traded company by offering its shares to the public for the first time. This allows the company to raise capital by selling ownership stakes to investors. The other options, Indian Public Offering and Indian Paid Offering, are not widely recognized terms and do not accurately represent the concept of IPO. Initial Paid Offering is not a commonly used term in the context of public offerings.

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  • Current Version
  • Jul 19, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Jun 11, 2014
    Quiz Created by
    Tanmay Shankar
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