Important Acronyms and Abbreviations - Read Mode
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Explanation
The correct full form is 'Society for Worldwide Interbank Financial Telecommunication'. It is a vast messaging network used by banks and other financial institutions.
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Earnings Per Share (EPS) is a company's net profit divided by the number of common shares it has outstanding. It indicates how much money a company makes for each share.
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CIF is an expense paid by a seller to cover the costs, insurance, and freight of a buyer's order while it is in transit. It applies only to goods transported via a waterway.
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PRSPs are documents required by the IMF and World Bank describing a country's macroeconomic, structural, and social policies and programs to promote growth and reduce poverty.
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ECNEC is the highest political authority in Bangladesh for the approval of development projects. It is chaired by the Prime Minister and reviews major public investment projects.
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BARD is an autonomous institution located in Comilla, dedicated to research, training, and action research in rural development to improve the socio-economic condition of rural people.
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Small and Medium Enterprises are businesses whose personnel numbers and revenue fall below certain limits. They play a vital role in the economy by creating employment opportunities.
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The Department of Agricultural Extension (DAE) is a government agency in Bangladesh responsible for providing efficient and effective agricultural extension services to farmers.
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TCB is a wing of the Ministry of Commerce in Bangladesh. Its main task is to maintain a buffer stock of essential commodities to stabilize market prices during crises.
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Economic Value Added (EVA) is a measure of a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit.