📝 SHORT NOTES 📝
Subject - English
Class - XII
Board - CBSE

✅ Useful Commerce Abbreviations ✅️

ASSOCHAM: Associated Chambers of Commerce and Industry of India
VAT: Value Added Tax
UNCTAD: United Nations Conference on Trade and Development
TDS: Tax Deduction at Source
TIN: Tax Information Network
TAN: Tax Deduction and Collection Account Number
STT: Securities Transaction Tax
SDR: Special Drawing Rights
RTP: Reverse Tranche Position
PAN: Permanent Account Number
OLTAS: Online Tax Accounting System
NYSE: New York Stock Exchange
NSDL: National Securities Depository Limited
NAV: Net Asset Value
NASDAQ: National Association of Securities Dealers Automated Quotation
IPO: Initial Public Offering
IMF: International Monetary Fund
GDR: Global Depositary Receipt
GATT: General Agreement for Trade and Tariff
FPO: Follow-on Public Offer
FII: Foreign Institutional Investors
FICCI: Federation of Indian Chambers of Commerce and Industry
FDI: Foreign Direct Investment
FCCB: Foreign Currency Convertible Bond
ECB: External Commercial Borrowing
DICGC: Deposit Insurance and Credit Guarantee Corporation of India
CPI: Consumer Price Index
CII: Confederation of Indian Industries
BIS: Bureau of Indian Standards
BSR: Basic Statistical Return
ASBA: Application Supported by Blocked Amount
INC.: Incorporated
GP: Gross Profit
FOC: Free of Cost
DISC: Discount
CSR: Corporate Social Responsibility
CPU: Cost Per Unit
CIF: Cost Insurance and Freight
C&F: Cost and Freight
ADR: American Depository Receipt
BEP: Break Even Point
CPA: Certified Public Accountant
COGS: Cost of Goods Sold
CCS: Cash Compensatory Scheme
FOB: Freight on Board
IFCI: Industrial Finance Corporation of India
LLP: Limited Liability Partnership
MRTP: Monopoly and Restrictive Trade Practices
NOI: Net Operating Income
PSU: Public Sector Undertakings

✅ List of Abbreviations Used in Economics ✅️

🔴 National Income and Related Aggregates

GDP: Gross Domestic Product
GDP MP: Gross Domestic Product at Market Price
GDP FC: Gross Domestic Product at Factor Cost
NNP MP: Net National Product at Market Price
NNP FC: Net National Product at Factor Cost
NDP MP: Net Domestic Product at Market Price
NDP FC: Net Domestic Product at Factor Cost
PI: Personal Income
PDI: Personal disposable Income
GVA: Gross value added
NVA: Net value added

🔴 Money and Banking

LRR: Legal Reserve Requirement
CRR: Cash Reserve Ratio
SLR: Statutory Liquidity Ratio
OMO: Open Market Operation
RBI: Reserve Bank of India
GOI: Government of India
MD: Money Demand
MS: Money Supply

🔴 Income and Employment Determination

APC:  Average Propensity to Consume
APS: Average Propensity to Save
MPC: Marginal Propensity to Consume
MPS: Marginal Propensity to Save
AD: Aggregate Demand
AS: Aggregate Supply

🔴 Government Budget and Economy

PSUs: Public Sector Undertakings
FRBMA: Fiscal Responsibility and Budget Management Act

🔴 Balance of Payment

BOP: Balance of Payment
BOT: Balance of Trade
PPP: Purchasing Power Parity
NEER: Nominal Effective Exchange Rate
FDI: Foreign Direct Investment

🎓 IED Important Topics for Revision
🎓 Class XII (2022-23)

🎓 Macro Economics Important Topics for Revision
🎓 Class XII (2022-23)

Abhi to party shuru hui hai 🥂✌️