GK for CMAT - GK campaign Part 1

GK for CMAT exam 2014. Expected questions . 

As CMAT exams are fast approaching so we will be running a special GK campaign for our readers appearing for CMAT this year.


In the first part of this campaign we will be providing you the ABBREVIATION IN NEWS. 
A question or 2 are expected from these abbrevations in CMAT exams as they have lately been associated with several headlines.

ABBREVIATION IN NEWS

1. CCEA – Cabinet Committee on Economic Affairs

2. ALM- Asset Liability Management

3. SWIFT- Society for Worldwide Interbank Financial Telecommunication

4. FIPB – Foreign Investment Promotion board

5. LAF – Liquidity Adjustment Facility

6. EEFC - Exchange Earner's Foreign Currency

7. GIRO - Government Internal Revenue Order

8. CECA - Comprehensive Economic Cooperation Agreement

9. CEPA – Comprehensive Economic Partnership Agreement

10. DTAA – Double Taxation Avoidance Agreement

11. ECBs - External Commercial Borrowings

12. FSLRC – Financial Sector Legislative Reforms Commission

13. GAAR - General anti avoidance rule

14. GDR – Global Depository Receipts

15. GSLV - Geo-Synchronous Launch Vehicle

16. IFSC- Indian Financial System Code

17. MSF-Marginal Standing Facility

18. NCTC - National Counter-Terrorism Centre

19. NEFT - National Electronic Funds Transfer

20. TIEA – Tax Information exchange Agreement

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