| Terms | Full form | Definition |
|---|---|---|
| PRB | Primary Revenue Balance | This balance comes from interest payment and revenue deficit.PRB = Revenue Deficit – Interest Payment |
| PSE | Public Sector Enterprises | The enterprises owned, managed, controlled by State and Central government is known to be Public Sector Enterprises. |
| PUC | Paid Up capital | It is the amount of money generated by a company by selling the shares of stock to the shareholders. It is termed as Paid–up capital only when the stocks are directly sold to the investor in the primary market. |
| PPP | Public Private Partnership | PPP is an agreement signed between Private & Public sectors. As it is a partnership, therefore, it covers a long-term risk and is shared by different sectors. |
| QFI | Qualified Foreign Investors | This allows foreign investors to invest in Indian Securities like Debt securities, equity share and so on. |
| RD | Revenue Deficit | Basically, it is called Revenue Deficit when the difference between receipt and expenditure is negative.
RD= RE – RR |
| RDBMS | Rational Database Management System | A part of (DBMS) Database Management System. It is used to make data Normalize and reliable by using the Primary or Foreign key. |
| RTGS | Real Time Gross Settlement System | A type of fund transfer system used for electronically transferring the funds. When the amount is above 2 to 5 lakhs then RTGS is used. |
| RE | Revenue Expenditure | RE is a type of recurring expense for short period. To put it up in simple words, expenditures that help us in directly earning the revenue is called Revenue Expenditure |
| REC | Rural Electrification Corporation | Established in 1969 with an objective to financially provide assistance to electricity and to promote the electrification projects in rural areas. Rajiv Sharma is the present acting chairman. |
| REER | Real Effective Exchange Rate | To measure and relate actual financial strength of country’s currency with other country’s currencies this index is used.
REER = ER (Price level in Country A / Price level in country B) |
| RIDF | Rural Infrastructure Development Fund | To correct the rural development this scheme was introduced under NABARD bank. Mostly this scheme is focused on, the work to improve the infrastructure of the rural areas like education, bridges, roads and so on. |
| ROC | Registrars of Companies | The government of India formed it in 1956 to manage or handles the registration of companies. |
| RR | Revenue Receipt | A receipt of the revenue generated by selling the assets. |
| RRB | Regional Rural Bank | Rural areas are provided the facilities by this bank. The facility includes the debit cards facilities and locker facilities to rural areas. |
| RTP | Reserve Tranche Position | RTP deals in foreign exchange reserve of a country. It is defined as the difference between member quota & IMFs. |
| RWA | Risk-Weighted Asset | The assets such as Loan, Cash, and other assets credit equivalent to the amount are weighted according to risk and are named as Risk weight, this weighting is done to check the shortage in bank’s asset. |
| SAS | Statistical Analysis System | In 1976 SAS institute developed this software to make the practice of analysis better |
| SCARAB | State Cooperative Agriculture & Rural Development Bank | Basically, to rise the sources of the state develop bank, this scheme was brought into existence. |
| SWIFT | Society for Worldwide Interbank Financial Telecommunication | Established in 1973 to provide types of services to financial Institutes. Through their software “SWIFT CODE” they provide a secure environment to make financial transactions. |
| SCB | Scheduled Commercial Bank | Nationalized, foreign and Private bank come under the scheduled bank And Scheduled bank under RBI. The bank which does not come under scheduled banks are named as a non-scheduled bank |
| SCOB | State Cooperative Bank | A part of scheduled banks in total, There are at present 39 Cooperative Bank. The state cooperative & urban cooper bank comes under cooperative banks. |
| SDDS | Special Data Dissemination Standards | An International Monetary Fund (IMF) with a team of 65 countries as a member. The basic role of SDDS is to guide the member countries. |
| SDR | Special Drawing Rights | In 1969 International Monetary Fund (IMF) created it. SDR is also called as Basket of National Currencies. In which, four currencies are there; US dollar, euro, yen, pound and is altered at an interval of every five years. |
| SEBI | Securities and Exchange Board of India | The government of India established it in 1992 to deal with financial securities. In simple words, its task is to handle the market security. |
| SIFI | Systemically Important Financial Intermediaries | It is a financial institute which plays its role at the time of financial crisis and helps the country out. |
| SEBs | State Electricity Board | From the name itself, we can make out that it refers to the electricity boards which are divided state wise. Each and every state has one electricity board of its own whose duty is to keep a check on the electricity supply. |
| SGSY | Swarnajayanti Gram Swarojgar Yojana | In 1999 government of India brought this yojana into Existence. The main motive of this yojana was to provide the poor and needy people of the country an income to keep up their livelihood. |
| SHGs | Self Help Groups | Basically, these groups are with a motive to get and give monetary help to the members of the group. In this a few people gather up collects money as a fund and lend to the member of the group at the time of his need and then he has to return amount taken with an interest back to the fund. That’s how the fund of the group increases and also saves the members of the group during the financial crisis. |
| SIDBI | Small Industries Development Bank of India | The main objective of SIDBI is to develop and promote the small enterprises to grow. SIDBI was set in 1989 under the act of parliament. |
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