Computer Terms & Abbreviations

Terms	Full Form	Definition
SIM	Subscriber Identity Module	SIM is an integrated circuit that is intended to securely store the international mobile subscriber identity (IMSI) number and its related key, which are used to identify and authenticate subscribers on mobile telephony devices.
SAM	Software Asset Management/Sequential Access Method.	SAM is a business practice that involves managing and optimizing the purchase, deployment, maintenance, utilization, and disposal of software applications within an organization.
SNAP	Sub Network Access Protocol	SNAP is an extension of the IEEE 802.2 Logical Link Control (LLC) to distinguish much more protocols of the higher layer than using of the 8-bit Service Access Point fields (LSAP) present in the IEEE 802.2 header.
SNOBOL	String Oriented Symbolic Language	SNOBOL is a series of computer programming languages developed between 1962 and 1967 at AT&T Bell Laboratories.
SDD	Software Design Description	SDD is a written description of a software product, that a software designer writes in order to give a software development team overall guidance to the architecture of the software project.
SW	Software	SW is that part of a computer system that consists of data or computer instructions, in contrast to the physical hardware from which the system is built.
SIU	Serial Interface Unit	SIU is used to implements up to eight serial links. The physical layer level and parts of data link layer are implemented within SIU and higher protocol layers are implemented on the system CPU.
SMS	Short Message Services	SMS is a text messaging service component of most telephone, World Wide Web, and mobile telephony systems
SQL	Structured Query Language	SQL is a domain-specific language used in programming and designed for managing data held in a relational database management system (RDBMS), or for stream processing in a relational data stream management system (RDSMS).
TB	TERA BYTE	1 TB = 1000 GB
TiB	TEBI BYTE	1 TiB = 1.09951 TB
TCP	Transmission Control Protocol	TCP is one of the main protocols of the Internet protocol suite. It originated in the initial network implementation in which it complemented the Internet Protocol (IP).
TBPS	Tera Bytes Per Second	TBPS is a measure of bandwidth (the amount of data that can flow in a given time) on a data transmission medium
TXT	Text	TXT is a kind of computer file that is structured as a sequence of lines of electronic text.
TAPI	Telephony Application Programming Interface	TAPI is a Microsoft Windows API, which provides computer telephony integration and enables PCs running Microsoft Windows to use telephone services.
UMTS	Universal Mobile Telecommunication System	UMTS is a so-called “third-generation (3G),” broadband , packet -based transmission of text, digitized voice, video, and multimedia at data rates up to and possibly higher than 2 megabits per second ( Mbps ), offering a consistent set of services to mobile computer and phone users no matter where they are located in the world.
URL	Uniform Resource Locator	URL A Uniform Resource Locator (URL), commonly informally termed a web address is a reference to a web resource that specifies its location on a computer network and a mechanism for retrieving it.
UHF	Ultra High Frequency	UHF is the ITU designation for radio frequencies in the range between 300 MHz and 3 GHz, also known as the decimetre band as the wavelengths range from one meter to one decimetre.
USB	Universal Serial Bus	USB is an industry standard that defines the cables, connectors and communications protocols used in a bus for connection, communication, and power supply between computers and electronic devices.
UNIVAC	Universal Automatic Computer/Universal Non Integrated Vacuum Actuated Computer	UNIVAC is the name of a line of electronic digital stored-program computers starting with the products of the Eckert-Mauchly Computer Corporation.
UPS	Uninterruptible Power Supply	UPS is an electrical apparatus that provides emergency power to a load when the input power source or mains power fails.
UI	User Interface	UI is the space where interactions between humans and machines occur. The goal of this interaction is to allow effective operation and control of the machine from the human end, whilst the machine simultaneously feeds back information that aids the operators’ decision-making process.
VAN	Value Added Network	VAN is a hosted service offering that acts as an intermediary between business partners sharing standards based or proprietary data via shared business processes. The offered service is referred to as “value-added network service”.
VDU	Visual Display Unit	VDU consists of: A computer output device that uses a cathode ray tube or other technology to present visual images. One or more input devices, such as a keyboard , a mouse , or both.
VIRUS	Vital Information Resource Under Seized	VIRUS is a type of malicious software program (“malware”) that, when executed, replicates by reproducing itself or infecting other computer programs by modifying them.
VCD	Video Compact Disk	VCD is a compact disk format based on CD-ROM XA that is specifically designed to hold MPEG-1 video data and to include interactive capabilities.
VHF	Very High Frequency	VHF is the ITU designation for the range of radio frequency electromagnetic waves (radio waves) from 30 MHz to 300 MHz, with corresponding wavelengths of ten to one meters.
VGA	Video Graphics Array	VGA is a three-row 15-pin DE-15 connector. The 15-pin VGA connector was provided on many video cards, computer monitors, laptop computers, projectors, and high definition television sets.
VGA	Video/Visual Graphic Adapter	VGA is an expansion card which generates a feed of output images to a display. Frequently, these are advertised as discrete or dedicated graphics cards, emphasizing the distinction between these and integrated graphics.
VOIP	Voice Over Internet Protocol	VOIP is a methodology and group of technologies for the delivery of voice communications and multimedia sessions over Internet Protocol (IP) networks, such as the Internet.

Banking Terms And Abbreviations

Banking Terms And Abbreviations

Terms	Full Form	Definition
SIDC	State Industrial Development Corporation	Established to develop the large industries by the government of India.
SJSRY	Swarna Jayanti Shahari Rojgar Yojna	This yojana was established in 1997 for the people who are living below the line of poverty. And by this yojana, these people are provided with jobs and employment.
SLR	Statutory Liquidity Ratio	SLR is defined as the ratio between the total liquid assets to the sum of total Demand with total liability. Mainly at the time of Inflation, SLR is used. SLR Rate = (liquid assets/demand + time liability)*100%
SMG	Standing Monitoring Group	This is the group of people who has the access to the standards that are all under development.
SNA	System National Accounts	It helps in controlling the activities related to the economy of a country as it is all related to digits and figures.
SRWTO	Small Road & Water Transport Operators	This is a socio – economic activity to provide the people with the credit facilities for water transport & road transport.
SSI	Small Scale Industries	The investment in this type of industries usually does not exceed the amount of Rs.1 Cr.
STRIPS	Separate Trading of Registered Interest and Principal of Securities	It is a type of financial institute which is created to provide a separate security to secure the treasury.
T-Bill	Treasury bills	Treasury bill is one of the two ways to fix the receipt and expenditure in business. Treasury bill is for the short term usually for 1 year and for the long-term bond is used.
TARC	Tax Administration Reform Commission	A committee appointed by the government of India with a motive to review the public tax administration system.
TC	Temporary Change
TT	Telegraphic Transfer	TT is the term referring to the transfer of funds electronically from one end to another.
TAPI	Turkmenistan, Afghanistan, Pakistan, India pipeline	It is also Known as a trans-Afghanistan pipeline. TAPI is a natural gas pipeline which is developed by Asian development bank.
TFTS	Trade for Trade Segments	If a person buys some share in this type of segments then he immediately has to pay the whole amount and then he has to show the bought particular share in his Demat a/c when he wishes to sell that particular share.
TIEA	Tax Information Exchange Agreements	This agreement facilitates the information exchange regarding tax investigation and criminal.
UCB	Urban Cooperative Bank	This is the cooperative banks established in Urban Area.
UCN	Uniform Code Number	RBI provides a thirteen digit code in two parts to all the banks registered with RBI and to the Regional Branches of the respective banks. One part of the code consists of six digit code and the other part consist the other seven-digit of the code.
UNDP	United Nations Development Programme	UNDP was launched in 1965 with an objective to give resources, knowledge and other services to the countries which are still developing. at the time of crisis, It provides the services for reduction of poverty, treatments for HIV / AIDS and much more.
UNIDO	United Nations Industrial Development Organization	UNIDO was established with an objective to increase and promote the industrialization of the countries which are developing. As it is known that in countries which are developing the industries are very less and short ranged, so this country has to import goods which decreases their currency value and to insure that this does not happen UNIDO plays its role.
UNME	Urban Non-Manual Workers
UTI	Unit trust of India	Basically, It is a financial institution of India that deals with mutual funds, It is also famous by the name “UTI mutual funds”. UTI has divided its stakes as. The largest public sectors like PNB, BOB, LIC, SBI, who holds 18.5% stake of UTI and Similarly, TRP group which hold 26% stake of UTI AMC (assets management company Ltd.)
VC	Venture Capital	A business has multiple options for taking financial help or loan like from banks or from other institutes. But if a new business is to be started by an entrepreneur then he can choose the Venture Capital option. As Venture Capital may also termed as a kind of loan, but the basic difference b/w venture capital and loan is that by repaying with interest the loans are paid back but on the other hand in venture capital private share are issued by the entrepreneur instead of money.
WPI	Wholesale Price Index	It is used to measure the ratio of inflation along with one more method. WPI PPI WPI – Wholesale Price Index used in India PPI – Producer Price Index which is used in the US. The objective of WPI is to control and measure the demand and supply and also analyze the macroeconomics and microeconomics conditions.
WTO	World Trade Organization	It is an intergovernmental organization. WTO came into existence in 1995 and replaced the (GPTI) general agreement on tariffs and trade to deals with international trade. On one of their meeting on 24 November 2016, the members of WTO discussed that why supporting the Developing countries is needed to continue trade in future.
YOY	Year on Year	In every business with the seasonal change, the Profit and Loss also varies. Therefore to compare the profit and loss changes with the same period of the year the term Year on Year is used.
YTM	Yield Maturity	A person who has a bond receives a particular annual return until maturity which is known as YTM. YTM can be calculated as: YTM = time period√face value /present value.
ZTC	Zonal Training Center	RBI has 4 training centers in 4 different cities to train its staff members only. These Training centers are called Zonal Training Centers.

Banking Awareness,

Q1. MUDRA gives loan in how many categories?

(a) Two

(b) One

(c) Three

(d) Four

(e) Six

Q2. Which among the following is not a loan category of MUDRA bank?

(a) Shishu

(b) Arun

(c) Kishor

(d) Tarun

(e) None of the above

Q3. SEZs Policy was announced in _________ with the objective of making the SEZs an engine for economic growth, supported by quality infrastructure and an attractive fiscal package both at the Central and State level with a single window clearance.

(a) December 1999

(b) October 2010

(c) January 2005

(d) July 1991

(e) April 2000

Q4. The main objectives of the SEZ act are-

(a) Generation of additional economic activity 

(b) Promotion of exports of goods and services

(c) Promotion of investment from domestic and foreign sources 

(d) Creation of employment opportunities

(e) All of the above

Q5. With effect from 31 March 2005, a ______________ would be one, which has remained NPA for a period less than or equal to 12 months. 

(a) Sub­standard Assets

(b) Profit Assets

(c) Doubtful Assets

(d) Loss Assets

(e) None of the above

Q6. With effect from March 31, 2005, an asset would be classified as _____________ if it has remained in the sub­standard category for a period of 12 months. 

(a) Sub­standard Assets

(b) Profit Assets

(c) Doubtful Assets

(d) Loss Assets

(e) None of the above

Q7. What is the financial limit Under MUDRA's Shishu scheme?

(a) Rs. 5, 00,000

(b) Rs. 50,000

(c) Rs. 1, 00,000

(d) Rs. 10,000

(e) Rs. 1, 50,000

Q8. What is the financial limit Under MUDRA's Kishor scheme?

(a) Rs. 50,000 to Rs. 10 lakh

(b) Rs. 50,000 to Rs. 3 lakh

(c) Rs. 50,000 to Rs. 1 lakh

(d) Rs. 50,000 to Rs. 2 lakh

(e) Rs. 50,000 to Rs. 5 lakh

Q9. Which among the following Incentives and facilities offered to the SEZs is not correct-

(a) Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units.

(b) Exemption from State sales tax and other levies as extended by the respective State Governments.  

(c) Exemption from minimum alternate tax under section 115JB of the Income Tax Act.

(d) 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for 10 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.

(e) Exemption from Central Sales Tax.

Q10. ___________ is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. 

(a) SEZs

(b) FDI

(c) FIPB

(d) CDR

(e) CSR

Q11. Which committee has recommended the setting up of Special Tribunals to reduce the time required for settling cases and accepting the recommendations, Debt Recovery Tribunals (DRTs) were established?

(a) Kelkar committee

(b) Justice Reddy committee 

(c) Rangarajan Committee

(d) Sivaraman Committee

(e) Narasimham Committee

Q12. DRT has been constituted under Section 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. DRT stands for-

(a) Debt Recovery Tribunals

(b) Demand Recovery Tribunals

(c) Deposit Recovery Tribunals

(d) Debt Refinance Tribunals

(e) Debt Recovery Treaty

Q13. What is the financial limit Under MUDRA's Tarun scheme?

(a) Rs. 40 lakh to Rs. 50 lakh 

(b) Rs. 30 lakh to Rs. 40 lakh 

(c) Rs. 20 lakh to Rs. 30 lakh 

(d) Rs. 10 lakh to Rs. 20 lakh 

(e) Rs. 5 lakh to Rs. 10 lakh

Q14. Who can set up an SEZ? 

(a) Private sector 

(b) Public sector

(c) State government

(d) All of the above

(e) Only (a) and (b)

Q15. Securitisation act 2002 is enables the banks to issue notices to defaulters who have to pay the debts within __________ days.

(a) 90 days

(b) 60 days

(c) 30 days

(d) 120 days

(e) None of the above

Solutions

S1. Ans.(c)

Sol. MUDRA gives loan in three categories. The categories have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’. 

S2. Ans.(b)

Sol. Arun is not a loan category of MUDRA bank.

S3. Ans.(e)

Sol. India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla, Gujarat in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000.

S4. Ans.(e)

Sol. The main objectives of the SEZ Act are-

(a) Generation of additional economic activity 

(b) Promotion of exports of goods and services; 

(c) Promotion of investment from domestic and foreign sources; 

(d) Creation of employment opportunities; 

(e) Development of infrastructure facilities

S5. Ans.(a)

Sol. With effect from 31 March 2005, a sub­standard asset would be one, which has remained NPA for a period less than or equal to 12 months. In such cases, the current net worth of the borrower/guarantor or the current market value of the security charged is not enough to ensure recovery of the dues to the banks in full. 

S6. Ans.(c)

Sol. With effect from March 31, 2005, an asset would be classified as doubtful if it has remained in the sub­standard category for a period of 12 months. A loan classified as doubtful has all the weaknesses inherent in assets that were classified as sub­standard, with the added characteristic that the weaknesses make collection or liquidation in full,– on the basis of currently known facts, conditions and values – highly questionable and improbable.

S7. Ans.(b)

Sol. Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products/schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth/development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to. The financial limit for these schemes is:-

(a) Shishu:- covering loans up to  50,000/-

(b) Kishor:- covering loans above  50,000/- and up to  5 lakh

(c) Tarun:- covering loans above  5 lakh to  10 lakh

S8. Ans.(e)

Sol. Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products/schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth/development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to. The financial limit for these schemes is:-

(a) Shishu:- covering loans up to  50,000/-

(b) Kishor:- covering loans above  50,000/- and up to  5 lakh

(c) Tarun:- covering loans above  5 lakh to  10 lakh

S9. Ans.(d)

Sol. The incentives and facilities offered to the units in SEZs for attracting investments into the SEZs, including foreign investment include:-

(a) Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units

(b) 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.

(c) Exemption from minimum alternate tax under section 115JB of the Income Tax Act.

(d) External commercial borrowing by SEZ units up to US $ 500 million in a year without any maturity restriction through recognized banking channels.

(e) Exemption from Central Sales Tax.

(f) Exemption from Service Tax.

(g) Single window clearance for Central and State level approvals.

(h) Exemption from State sales tax and other levies as extended by the respective State Governments.

S10. Ans.(a)

Sol. Special Economic Zones (SEZs) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.

S11. Ans.(e)

Sol. Narasimham Committee Report I (1991) recommended the setting up of Special Tribunals to reduce the time required for settling cases. Accepting the recommendations, Debt Recovery Tribunals (DRTs) were established. 

S12. Ans.(a)

Sol. DRTs stands for Debt Recovery Tribunals.

S13. Ans.(e)

Sol. Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products/schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth/development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to. The financial limit for these schemes is:-

(a) Shishu:- covering loans up to  50,000/-

(b) Kishor:- covering loans above  50,000/- and up to  5 lakh

(c) Tarun:- covering loans above  5 lakh to  10 lakh

S14. Ans.(d)

Sol. Private sector, Public sector and State government can set up Special Economic Zones (SEZs).

S15. Ans.(b)

Sol. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 is popularly known as Securitisation Act. This act enables the banks to issue notices to defaulters who have to pay the debts within 60 days. Once the notice is issued the borrower cannot sell or dispose the assets without the consent of the lender. The Securitisation Act further empowers the banks to take over the possession of the assets and management of the company. The lenders can recover the dues by selling the assets or changing the management of the firm. The Act also enables the establishment of Asset Reconstruction Companies for acquiring NPA.

QUIZ-29

Q1. Union Finance Minister Arun Jaitley chaired the South Asia Subregional Economic Cooperation (SASEC) Finance Ministers meeting in New Delhi. Name the country that has joined the SASEC program as its seventh member.
Answer: Myanmar

Q2. Name the Bank/Banks that sold Rs.1,800 crore Ballarpur Industries loans to Edelweiss Asset Reconstruction Company.
Answer: ICICI bank and axis bank

Q3. The WTO’s dispute settlement set up a panel to resolve the dispute between ___________ and India over imposition of safeguard import duty on iron and steel products.
Answer: Japan

Q4. Chief Minister of West Bengal Mamata Banerjee declared ___________ as the 22nd district of the state.
Answer: Jhargram

Q5. Union Finance Minister Arun Jaitley chaired the SASEC's Finance Ministers meeting in New Delhi. What is full form of SASEC?
Answer: South Asia Subregional Economic Cooperation

Q6. According to the new report of the World Travel and Tourism Council (WTTC), 2016 India's travel and tourism sector ranks ____________ in the world in terms of its total contribution to the country's Gross Domestic Product (GDP).
Answer: 7th

Q7. Which Indian state has decided to provide a one-time grant of Rs 21,000 to all those families whose third girl child was born after August 24, 2015, under the 'Aapki Beti, Hamari Beti' scheme?
Answer: Haryana

Q8. India has recently decided to set up a 240 million pound fund to finance clean energy projects with which country?
Answer: UK

Q9. IDBI Bank has reduced interest rates, ranging from 50 to 75 basis points, on retail term deposits (RTD). CEO of IDBI Bank is __________.
Answer: Mahesh Kumar Jain

Q10. As per the new report of the World Travel and Tourism Council (WTTC) 2016 which country has topped in the world in terms of its total contribution to the country's Gross Domestic Product (GDP)?
Answer: USA

Q11. Saraswat Bank, the largest lender in the co-operative space has appointed ______________ as its Managing Director (MD), recently.
Answer: Smita Sandhane

Q12. National Mission for Clean Ganga (NMCG) has recently approved 26 projects worth Rs 2,154.28 crore under the Centre’s ‘Namami Gange’ programme. Who is the cabinet minister for water resources, river development and Ganga rejuvenation?
Answer: Uma Bharti

Q13. Name the Formula One racer who defeated four-time Formula One World Champion to lift his fifth title at the Chinese Grand Prix.
Answer: Lewis Hamilton

Q14. India has signed a joint declaration with Russia to promote innovation and the R&D ecosystem between the two countries. What is the Capital and currency of Russia?
Answer: Moscow, Russian Ruble

Q15. R&D Institute of which company filed the maximum number of patent applications in the IT sector in 2015-16, according to Indian Patent Office survey?
Answer: Samsung