Discussion
What is the full form of "FFA"?
Answer: A
Correct answer: Federal Financial Assistance
Federal financial assistance is the United States term for funds transferred by the federal government to states, local bodies and other recipients through grants, loans and similar programmes.
The word federal is the marker. Several abbreviations in this topic belong to the American system rather than the Indian one - the Federal Financing Bank and the Federal Reserve Bank among them - and recognising the vocabulary places them at once. In India the analogous transfers are made through the Finance Commission's awards and centrally sponsored schemes.
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