Important Acronyms and Abbreviations - Read Mode
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Explanation
TIFA is a trade pact establishing a framework for expanding trade and resolving outstanding disputes between countries. It serves as a forum to discuss trade issues.
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The Economic and Social Commission for Asia and the Pacific (ESCAP) is one of the five regional commissions under the jurisdiction of the United Nations Economic and Social Council.
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DCCI is the largest and most vibrant business chamber in Bangladesh, serving as the voice of the SME sector and facilitating trade and investment in the country.
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The Trade and Investment Framework Agreement (TIFA) provides a strategic framework and principles for dialogue on trade and investment issues between countries.
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NBFIs are financial institutions that provide certain banking services but do not hold a banking license. They cannot accept demand deposits from the public.
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Non-Bank Financial Institutions primarily include insurance firms, leasing firms, venture capitalists, and other organizations that offer financial services without banking licenses.
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Open Market Sale is a public food distribution system in Bangladesh where the government sells essential food items at subsidized prices to control market instability.
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SWIFT provides a secure network that allows more than 10,000 financial institutions in 212 different countries to send and receive information about financial transactions.
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CAMELS is a supervisory rating system used by banking authorities to classify a bank's overall condition based on Capital, Assets, Management, Earnings, Liquidity, and Sensitivity.
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The Annual Development Program is an organized list of projects and programs to be implemented by the government for the socio-economic development of the country within a fiscal year.