Important Acronyms and Abbreviations - Read Mode
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Q1. IOU means:
Explanation
An IOU is an informal document acknowledging a debt. It does not contain specific terms of repayment or the date by which the debt must be paid, unlike a promissory note.
Explanation
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.
Explanation
The Multi-Fibre Arrangement (MFA) was an international trade agreement on textiles and clothing that imposed quotas on the amount developing countries could export to developed countries.
Explanation
The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO).
Explanation
The Registrar of Joint Stock Companies and Firms (RJSC) is the government authority in Bangladesh responsible for the registration of firms, societies, and partnership businesses.
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SAPTA was signed by SAARC members to promote and sustain mutual trade and economic cooperation within the South Asian region through the exchange of concessions.
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The Non-Aligned Movement (NAM) is a forum of 120 developing world states that are not formally aligned with or against any major power bloc, established in 1961.
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SAFTA is an agreement reached in 2004 at the 12th SAARC summit in Pakistan which created a free trade area in the South Asian region to increase economic cooperation.
Explanation
The Generalized System of Preferences (GSP) is a preferential tariff system which provides exemption from the more general rules of the World Trade Organization for developing countries.
Explanation
N/A is a common abbreviation used in tables and lists to indicate that information is not provided because it is either not applicable to the specific case or not available.