Finance Abbreviations MCQ questions and answers | GK Abbreviations

Month-to-date (MTD) is a period starting at the beginning of the current calendar month and ending at the current date. Month-to-date is used in many contexts, mainly for recording results of an activity in the time between a date (exclusive, since this day may not yet be "complete") and the beginning of the current month.

IFCI, previously Industrial Finance Corporation of India, is a development finance institution under the jurisdiction of Ministry of Finance, Government of India . Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE. IFCI has seven subsidiaries and one associate.

Foreign portfolio investment (FPI) consists of securities and other financial assets held by investors in another country. Along with foreign direct investment (FDI), FPI is one of the common ways to invest in an overseas economy. FDI and FPI are both important sources of funding for most economies.

Flow of funds (FOF) are financial accounts that are used to track the net inflows and outflows of money to and from various sectors of a national economy. Macroeconomic data from flow of funds accounts are collected and analyzed by a country's central bank. In the United States, this data is released by the Federal Reserve Bank approximately 10 weeks after the end of each quarter.

Fixed Income Money Market and Derivatives Association of India (FIMMDA) is an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies in India representing the Market for the Bond, Money and Derivatives Products. It functions as the principal interface and works closely with the regulators, RBI, SEBI, Ministry of Finance, IRDA and other important domestic and International associations. It has 120 members as on date.

FISIM stands for Financial Intermediation Services Indirectly Measured. In the System of National Accounts it is an estimate of the value of the services provided by financial intermediaries, such as banks, for which no explicit charges are made; instead these services are paid for as part of the margin between rates applied to savers and borrowers. The supposition is that savers would receive a lower interest rate and borrowers pay a higher interest rate if all financial services had explicit charges.

Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India.

Electronic funds transfer is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

COB is an acronym for "close of business," which is the end of the business day. Most companies base COB hours on traditional U.S. business closing hours of 5 p.m.

Chief accounting officers (CAOs) are in charge of the entire accounting department of their institution. They are responsible for their company's accounting operations and financial reporting functions. They oversee accounting and administrative staff. They must make sure that their staff follow procedures and adhere to various regulatory rules and regulations.