● SAS :- SAS stands for Statistical Analysis System. It is a software developed by SAS institute in 1976. This software was developed for making the analysis practice better.
● SCARDB :- SCARDB stands for State Cooperative Agriculture & Rural Development Bank. This scheme came into the existence to raise the sources of state develop bank.
● SWIFT :- SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is established in 1973. It provide service to many financial Institutes. They provide the secure environment through their software “SWIFT CODE” to do financial transactions.
● SCB :- SCB stands for State Cooperative Bank. There are 39 Cooperative Bank.It is a part of scheduled banks.
● SCB :- SCB stands for Scheduled Commercial Bank. Scheduled bank comes under RBI.Private, foreign and nationalised bank come under the scheduled bank. Those banks which do not come under these banks known as a non-scheduled bank.
● SDDS :- SDDS stands for Special Data Dissemination Standards. It is an (IMF) International Monetary Fund. It has 65 member-countries. It guides those countries.
● SDR :- SDR stands for Special Drawing Rights. It was created by (IMF) International Monetary Fund in 1969. It is known as Basket of National Currencies. In this basket, there are four currencies; pound, yen, euro, US dollar. This basket altered in every five years.
● SEBI :- SEBI stands for Securities and Exchange Board of India. It was established in 1992 by the government of India. It deals in securities. So basically it handles the security market.
● SIFI :- SIFI stands for Systemically Important Financial Intermediaries. This institute is a financial institute. This type of institution helps in the time of financial crisis.
● SEBs :- SEBs stands for State Electricity Board. As it name clears that electricity board is divided state wise. Every state has its own electricity board. The duty of this board is to check out the supply of electricity.
● SGSY:- Swarnajayanti Gram Swarojgar yojana. This yojana came into the Existence in 1999 by Indian government. The reason behind this yojana was to provide the income to poor and needy people of the country.
● SHGs :- SHGs stands for Self Help Group. This group is started by some person. In this group, some persons contribute their money and save them mutually and then lend to the members of the group.
● SIDBI :- SIDBI stands for Small Industries Development Bank of India. It was set under the act of parliament in 1989 and its objective is to promote and develop the small enterprises.
● SIDC:- State Industrial Development corporation. This was established by Indian government for developing large industries.
● SJSRY :- SJSRY stands for Swarna Jayanti Shahari Rojgar Yojna. It was established in 1997 in India. This yojana is for those who live below the poverty line. BPLs are provided employment.
● SLR :- Statutory liquidity Ratio. It is for calculating the ratio b/w total Demand and liability. This ratio is mainly used at the time of Inflation.SLR Rate = (liquid assets/demand + time liability)*100%
● SMG :- SMG stands for Standing Monitoring Group. SMG has a number of members, who have access to all standards which are under development.
● SNA :- SNA stands for System National Accounts. As it is related to figures so it helps us to control the economic activities of the country.
● SRWTO :- SRWTO stands for Small Road & Water Transport Operators. It is a socio – economic activity. This is for providing the credit facilities to the people for road transport & water transport.
● SSI:- SSI stands for Small Scale Industries.In this, investment does not exceed Rs. one crore.
● STRIPS :- STRIPS stands for Separate Trading of Registered Interest and Principal of Securities. These securities are a kind of financial institute & this institute is created for giving the separate securities to the treasury.
● T-Bill: - stands for Treasury bills. In business, there are two ways to fix the receipt and expenditure so treasury bill for the short term and bond is for the long term. Treasury bill is for 1 year.
● TARC:- Tax Administration Reform Commission. It is a committee which is appointed by the government of India. The purpose of this committee is for reviewing the public tax administration system.
● TC:- Stands for Temporary Change. It means the changes are not fixed. Means the changes made by us can be easily changed back into the original.
● TT:- Stands for Telegraphic Transfer. Means to transfer the funds from one end to another electronically.
● TAPI:- Turkmenistan, Afghanistan, Pakistan, India pipeline. This is also Known as a trans-Afghanistan pipeline. It is a pipeline of natural gas. This pipeline is developed by Asian development bank.
● TFTS:- Trade for Trade Segments. In this type of segments if you buy some share then you have to pay whole amount immediately and at the time of selling of that share, they have to show that share in Demat a/c.
● TIEA:- stands for Tax Information Exchange Agreements. It is used for the facility of exchange of information for criminal and tax investigation.
● UCB :- UCB stands for Urban Cooperative Bank. UCB are those cooperative banks which are established in Urban Area are called Urban Cooperative Bank. There is no proper and clear-cut definition of this.
● UCN :- UCN stands for Uniform Code Number. There is no such information. It is a code which is provided by RBI to all banks and their Regional Branches. This code is provided into two parts, Part I and II. In part one, there is a six digit code and in Part II there is seven digit code.
● UNICO :- UNICO stands for Umbrella Organisation for Large Cooperative Banks in Europe. As we know that there are a number of UCBs (Urban Cooperative Banks) but with the time passage the strength of these banks goes down.
● UNDP :- UNDP stands for United Nations Development Programme. It was formed in 1965. Its objective is to give knowledge, resources and many other services to the developing countries. It provides all these services at the time of crisis for poverty reduction, HIV / AIDS and many other things.
● UNIDO: - stands for United Nations Industrial Development Organization. This organisation works for the developing countries as we know that in developing countries there is very less and short range of industries so we import good but to overcome this problem, UNIDO was established. Its main objectives are to increase the industrialisation in developing countries as well.
● UNME :- UNME stands for Urban Non-Manual Workers. These workers are those people who live in the urban area don’t work annually or with hands.
● UTI: - stands for the Unit trust of India. It deals with mutual funds so it is now famous with the name of UTI mutual funds. It is a financial institution of India. UTI stakes are divided in as :- our largest public sectors like SBI, LIC, BOB, PNB, holding the 18.5% stake of UTI and similarly TRP group also hold 26% stake of UTI AMC (assets management company Ltd.)
● VC :- stands for Venture Capital. In any business, there are many options of taking financial help such as through long from the bank, the loan from other institutes and so on. But if an entrepreneur wants to start up a new business then he chooses the option of Venture Capital. Venture Capital is also a type of loan but the difference b/w loan and venture capital in that loan are paid back by repaying with interest and another hand. In the case of venture capital the entrepreneur have to issue private share instead of money.
● WPI : - stands for Wholesale Price Index. For measuring the ratio of inflation we have two methods. 1) WPI, 2) PPI WPI- used in India and PPI means Producer Price Index. Basically used in the US. The main purpose of WPI is to measure and control the supply and demand as well and also analyse the condition of microeconomics and macroeconomics.
● WTO: - WTO stands for World Trade Organization which is an intergovernmental organisation. This organisation deals with international trade. It comes into the existence in 1995 and replaces the (GPTI) general agreement on tariffs and trade. On 24 November 2016 one of their meeting the members of WTO discussed that why there is need to support Developing countries in future to continue trade.
● YOY: - YOY stands for Year on Year. As with the seasonal change in every business than the P&L also vary. So to comparing these changes with the same year period is known as Year on Year.
● YTM:- YTM stands for Yield Maturity. If some one has any bond until maturity than they receive some annual return which is known as YTM. We can calculate YTM as:- YTM = time period√face value /present value .
● ZTC:- ZTC stands for Zonal Training Center. It is basically a training centre of RBI. This Training centre for the staff members only. RBI have 4 training centres in total in different cities.
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