Computer Terms & Abbreviations

Terms	Full Form	Definition
DNS	Domain Name System	DNS is a hierarchical decentralized naming system for computers, services, or other resources connected to the Internet or a private network.
DML	Data Manipulation Language	DML it is used to retrieve, store, modify, delete, insert and update data in database.
DHTML	Dynamics Hyper Text Markup Language	DHTML is an umbrella term for a collection of technologies used together to create interactive and animated web sites by using a combination of a static markup language, a client-side scripting language, a presentation definition language, and the Document Object Model.
DDL	Data Definition Language	DDL is a standard for commands that define the different structures in a database. DDL statements create, modify, and remove database objects such as tables, indexes, and users.
DRAM	Dynamic Random Access Memory	DRAM is a type of random-access memory that stores each bit of data in a separate capacitor within an integrated circuit.
DBMS	Data Base Management System	DBMS is a computer software application that interacts with the user, other applications, and the database itself to capture and analyze data.
DVDR	Digital Versatile Disk Recordable	DVDR refer to part of optical disc recording technologies. DVD optical disc formats that can be recorded by a DVD recorder, either write once or rewritable format written by laser, as compared to DVD-ROM.
DVI	Digital Visual Interface	DVI is used to connect a video source, such as a video display controller, to a display device, such as a computer monitor.
DVD	Digital Versatile Disk	DVD is a digital optical disc storage format invented and developed by Philips, Sony, Toshiba, and Panasonic in 1995.
Doc	Document	Doc is a filename extension for word processing documents, most commonly in the proprietary Microsoft Word Binary File Format.
DOC	Data Optimizing Computer
DOS	Disk Operating System	DOS is an acronym used as casual shorthand for the family of several very similar command-line computer operating systems for x86-based computers.
DDR–SDRAM	Double Data Rate – Synchronous Dynamic Random Access Memory	DDR-SDRAM is a class of memory integrated circuits used in computers.
DDR	Double Data Rate	DDR helps in computing, a computer bus operating with double data rate (DDR) transfers data on both the rising and falling edges of the clock signal.
DAT	Digital Audio Tape	DAT is a signal recording and playback medium developed by Sony and introduced in 1987.
CUI	Character User Interface	CUI is a means of interacting with a computer program where the user issues commands to the program in the form of successive lines of text.
CSS	Cascading Style Sheets	CSS is a style sheet language used for describing the presentation of a document written in a markup language.
CPU	Central Processing Unit	CPU also know as brain of a computer is defined as an electronic circuitry inside a computer that carries out the instructions given by the user by performing the basic arithmetic, logical, control and input/output (I/O) operations specified by the instructions.
CPI	Clock / Cycle Per Instruction	CPI is one aspect of a processor’s performance in computer architecture: defined as the average number of clock cycles per instruction for a program or program fragment.
COBOL	Common Business Oriented Language	COBOL is a compiled English-like computer programming language designed for business use.
CISC	Complex Instructions Set Computing	CISC is a processor design, where single instructions can execute several low-level operations or are capable of multi-step operations or addressing modes within single instructions.
CMD	Command	CMD, is the command-line interpreter on Windows NT, Windows CE, OS/2 and eComStation operating systems.
CDROM	Compact Disk Read Only Memory	CDROM is a pre-pressed optical compact disc which contains data.
CROM	Computerized Range of Motion
CAM	Computer Aided Manufacturing	CAM is the use of software to control machine tools and related ones in the manufacturing of workpieces.
CDRW	Compact Disk Rewritable	A CD-RW disc is a compact disc that can be written, read arbitrarily many times.
CD	Compact Disk	CD is a digital optical disc storage format. A CD-R disc is a compact disc that can be written once and read arbitrarily many times.
CADD	Computer Aided Design and Drafting	Same as CAD.
CAD	Computer Aided Design	CAD is the use of computer systems to aid in the creation, modification, analysis, or optimization of a design.
DPI	Dots Per Inch	DPI refers to the output resolution of a printer or imagesetter, and PPI refers to the input resolution of a photograph or image. DPI refers to the physical dot density of an image when it is reproduced as a real physical entity, for example printed onto paper.

Banking Terms And Abbreviations

Terms	Full Form	Definition
DBOD	Department of Banking Operations and Development	It helps to develop and regulate all the commercial banks in India.
DBS	Department of Banking Supervision	supervise banks
DCA	Department of Company Affairs	The Function of this department is to keeps the company up to date with all the current affairs.
DTC	Direct Tax Code	The existing income tax act was replaced the direct tax code which reduced the         litigation scope.
DCCB	District Cooperative Central Bank	It Established in India by RBI. The motive of this bank is to serve in rural areas.
DCM	Department of Currency Management	The RBI carries out the task of currency management through DCM. The bank notes are stored in the rooms called ‘currency chests’. Only some selected banks across the country keep these chests.
DTAA	Double Taxation Avoidance Agreement	This agreement which was signed to help people (Individual) out of the problem of paying double taxes in two different countries for the same income.
DD	Demand Draft	It is similar to a bill of exchange also known as pay to order. It is a negotiable instrument. Demand Draft can only be made payable to a specified party.
DEAF	Depositor Education and Awareness Fund	The scheme opened by RBI in 2014. Under this scheme, if a person dies without informing his family member about the FD account he opened with a bank, then this account is considered under this scheme and Afterward, if his family member comes across the knowledge of that account then DEAF scheme helps such families a lot.
DDS	Data Dissemination Standards	Basically, it is a method of distributing any statistical data or any other data among the end users. The data distributed is in a common format, and the data cannot be copied by anyone.
DICGC	Deposit Insurance Credit Guarantee Corporation of India	A subsidiary of RBI. The main objective of DICGC is to guarantee people related to the credit facilities they enjoy.
EEFC	Exchange Earner’s Foreign Currency	The EEFC account is used by those who earns from foreign exchange. He maybe     a person Individual or may be Individual companies, no matter who. The main objective of this account is to maintain the foreign currency; even those people who are a resident in India can get this Account opened.
ECGC	Export Credit and Guarantee Corporation	It secures exporters from the credit risk and also guarantees the payment of the product they ship. It also covers the political risk and commercial risk in business as well. It promotes the export trade of the country.
ECS	Electronic Clearing Scheme	It is a method of transferring fund electronically. In this scheme, a person can transfer funds to some other person’s account for payment.
EEA	Exchange Equalization Account	It established in 1932. It manages international market’s exchange value.
EPF:	Employees Provident Fund	The scheme launched in 1952. Under which employees of the factory and many other workers receives many free services from the government as the government gives fund to employees.
EEFC	Exchange Earner’s Foreign Currency	To maintain the foreign currency, authorized dealers uses this EEFC in their account.
ECBs	External Commercial Borrowings	To facilitate PSUs to access foreign money, this commercial borrowing is used.
FIPB	Foreign Investment Promotion Board	It is recommended by FDI (foreign direct investment).
FDI	Foreign Direct Investment	It is a measure of the foreign investments in the percentage that can directly be invested in debentures, equity, shares. It is a way to strengthen the economy base of a country by foreign investment.
FSLRC	Financial Sector Legislative Reforms Commission	The government of India established it in 2011. If the financial market is affected by legislative then FSLRC has the rights to rewrite the legislative to maintain the financial market.
FEMA	Foreign Exchange Management Act	It was established in 1999. Its prime objective is to develop, maintain and promote the Indian foreign exchange market.
FII	Foreign Institutional Investors	To originate loans and buy assets some institutional investors pool money. Mostly, these institutional investors include Mutual Funds, Insurance Companies, Banks and so on.
FRBMA	Fiscal Responsibility and Budget Management Act.	Parliament of India established This Act., One can easily handle and manage the       public funds’, overall management under this act and also control and manage the Budget.
FTA	Free trade Agreement	To reduce the traffic in trading, two countries signed this agreement. FTA helps to carry on free trade with countries who shares common borders. The member countries can demand fees or charges on trade from countries who are not a member.
FINO	Financial Inclusion Network Operation	In 2006 ICICI bank formed it. Various financial institutes and 24 banks such as ICICI Prudential, LIC and so on, have adopted FINO.
FCNR	Foreign Currency Non – Resident Bank	In this bank, as the name suggest only NRI ( Non-Resident Indians) are allowed to deposit their money (foreign currency). This bank proves beneficial to NRIs.
EFSF	Federation of India Chambers of Commerce & Industry	Established in 1927. One of the oldest Indian business organization and a non-profit making organization since 1927. Its current President is Pankaj Patel of FICCI.
FII	Foreign Institutional Investors	To originate loans and buy assets some institutional investors pool money. Mostly, this institutional investor includes Mutual Funds, Insurance Companies, Banks and so on.

Banking Awareness,

Q1. The Doing Business Report” is prepared by which of the following organisations every year?

(a) Asian Development Bank (ADB)

(b) World Bank (WB)

(c) New Development Bank (NDB)

(d) World Trade Organization (WTO)

(e) None of the given options is true

Q2. Which of the following cannot be called as a debt instrument as referred in financial transactions?

(a) Certificate of Deposits

(b) Bonds

(c) Stock

(d) Commercial Paper

(e) None of the given options is true

Q3. Which of the following is not a type of cheque issued by an individual

(a) Bearer Cheque

(b) Crossed Cheque

(c) Order Cheque

(d) Savings Cheque

(e) None of the given options is true

Q4. “World Investment Report” is annually published by-

(a) IBRD

(b) WTO

(c) IMF

(d) UNCTAD

(e) ADB

Q5. Treasury bills are issued in India by ______

(a) RBI

(b) State Government

(c) Government of India

(d) SEBI

(e) NABARD

Q6. BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised. BCSBI stands for-?

(a) Branch Codes and Standards Board of India

(b) Banking Codes and Stability Board of India

(c) Banking Codes and Standards Bank of Industry

(d) Banking Codes and Society Board of Investment

(e) Banking Codes and Standards Board of India

Q7. When was the currency system in India converted into the decimal system?

(a) April 01st 1959

(b) April 01st 1957

(c) April 01st 1955

(d) April 01st 1953

(e) April 01st 1951

Q8. Which of the following field Dalal Street in Mumbai is famous?

(a) NABARD

(b) Stock Exchange

(c) RBI

(d) SEBI

(e) Commerce and industry ministry

Q9. Deposits which can be withdrawn by a customer without notice is called?

(a) Time Deposits

(b) Demand Deposits

(c) Variable Deposits

(d) Low-cost Deposits

(e) None of the given options is true

Q10. Which of the following is not e-banking software?

(a) ECS

(b) RTGS

(c) PIPS

(d) NEFT

(e) M-Banking

Q11. ICRA, CRISIL, and Standard and Poor’s (S&P) are?

(a) Financial Institutions

(b) NGOs

(c) NBFCs

(d) Credit Rating Agencies

(e) None of the given options is true

Q12. Which of the following is not a member of the World Bank Group?

(a) International Development Association (IDA)

(b) International Bank for Reconstruction and Development (IBRD)

(c) International Finance Corporation (IFC)

(d) Bank of International Settlement (BIS)

(e) Multilateral Investment Guarantee Agency (MIGA)

Q13. Indian Banking Regulation Act was passed in the year-

(a) 1989

(b) 1968

(c) 1949

(d) 1948

(e) 1935

Q14. Which of the following is an apex institution in the field of Industrial Finance?

(a) Industrial Reconstruction Bank of India

(b) Industrial Finance Corporation of India

(c) Industrial Development Bank of India

(d) Industrial Credit & Investment Corporation of India

(e) None of the given options is true

Q15. The beneficiary can expect to get credit for the NEFT transactions within ______ business hours.

(a) two

(b) three

(c) one

(d) four

(e) ten

Solutions

S1. Ans.(b)

Sol. The Doing Business Report (DB) is a study elaborated by the World Bank Group every year that is aimed to measure the costs to firms of business regulations. The study has become one of the flagship knowledge products of the World Bank Group in the field of private sector development and is claimed to have motivated the design of several regulatory reforms in developing countries.

S2. Ans.(c)

Sol. Debt instruments are assets that require a fixed payment to the holder, usually with interest. Examples of debt instruments include bonds (government or corporate), mortgages, Commercial Paper and Certificate of Deposits.

S3. Ans.(d)

Sol. An order cheque can be a bearer cheque if the words or bearer are not cancelled out. A crossed cheque is a cheque that has been marked to specify an instruction about the way it is to be redeemed.

S4. Ans.(d)

Sol. The World Investment Report has been published annually since 1991 by The United Nations Conference on Trade and Development (UNCTAD). Each year´s Report covers the latest trends in foreign direct investment around the World and analyses in depth one selected topic related to foreign direct investment and development.

S5. Ans.(c)

Sol. Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.

S6. Ans.(e)

Sol. In November 2003, Reserve Bank of India (RBI) constituted the Committee on Procedures and Performance Audit of Public Services under the Chairmanship of Shri S.S.Tarapore (former Deputy Governor) to address the issues relating to availability of adequate banking services to the common person. Therefore, the Committee recommended setting up of the Banking Codes and Standards Board of India (BCSBI). BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised.

S7. Ans.(b)

Sol. The Indian currency system was converted into decimal system by Indian Coinage (Amendment) Act 1955 which brought into force from April 01st 1957.

S8. Ans.(b)

Sol. The Bombay Stock Exchange (BSE) is located at Dalal Street.

S9. Ans.(b)

Sol. A deposit of money that can be withdrawn without prior notice is known as Demand Deposits, Ex:- in a current account.

S10. Ans.(c)

Sol. ECS – Electronic Clearing Service.

RTGS - Real Time Gross Settlement.

NEFT- National Electronics Funds Transfer.

Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile. PIPS is not an e-banking software.

S11. Ans.(d)

Sol. A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor’s ability to pay back debt by making timely interest payments and the likelihood of default. Example:- ICRA, CRISIL, and Standard and Poor’s (S&P).

S12. Ans.(d)

Sol. The World Bank Group is made of the following five organisations: 

1. International Bank for Reconstruction and Development (IBRD), 

2. International Finance Corporation (IFC),

3. International Development Association (IDA),

4. Multilateral Investment Guarantee Agency (MIGA) and 

5. International Centre for Settlement of Investment Disputes (ICSID).

Where as Bank of International Settlement(BIS)is the Bank for International Settlements is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks”.

S13. Ans.(c)

Sol. The Banking Regulation Act, 1949 is legislation in India that regulates all banking firms in India. Initially, the law was applicable only to banking companies.

S14. Ans.(c)

Sol. Industrial Development Bank of India (IDBI) is the apex financial institution and besides providing financial assistance on consortium basis, the major function of coordination between the various institutions is looked after by the bank. It also provides refinance facility to the eligible financial institutions including term loans. The bank sanctions the financial assistance to the industrial concerns engaged in the manufacture or processing of goods, mining, transport generation and distribution of power etc. both in private and public sectors. Industrial Development bank of India (IDBI) was constituted under Industrial Development bank of India Act, 1964 as a Development Financial Institution and came into being as on July 01, 1964 vide GoI notification dated June 22, 1964. It was regarded as a Public Financial Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank. 

S15. Ans.(a)

Sol. The beneficiary can expect to get credit for the NEFT transactions within two business hours (currently NEFT business hours is from morning 8 AM to evening 7 PM on all week days and from morning 8 AM to afternoon 1 PM on Saturdays) from the batch in which the transaction was settled.