Important Abbreviations Questions and Answers

Answer: B

Correct answer: Wholesale Price Index

The WPI measures the change in prices at the wholesale stage, as against the Consumer Price Index, which measures them at retail.

Answer: A

Correct answer: Core Banking Solution

CBS in the technology sense is the Core Banking Solution - the central system that lets a customer's account be reached from any branch.

Answer: A

Correct answer: Urban Cooperative Bank

A UCB is a cooperative bank operating in an urban area, regulated jointly by the RBI and the state registrar.

Answer: C

Correct answer: External Commercial Borrowing

ECB is borrowing raised by an Indian entity from a foreign lender, subject to limits set by the RBI.

Answer: D

Correct answer: Advanced Technology Attachment

ATA is the interface standard for connecting disk drives, better known in its parallel form as IDE and later as Serial ATA.

Answer: B

Correct answer: American National Standards Institute

ANSI coordinates voluntary standards in the United States and represents it at the ISO.

Answer: A

Correct answer: Alternating Current

AC is alternating current, which reverses direction periodically, as against direct current, which does not.

Answer: B

Correct answer: Artificial Intelligence

AI is the field concerned with making machines reason, learn and perceive.

Answer: D

Correct answer: Acquired Immuno Deficiency Syndrome

AIDS is Acquired Immune Deficiency Syndrome - acquired rather than inherited, and a syndrome because it is a set of conditions following from the damaged immune system.

Answer: A

Correct answer: All India Council for Technical Education

AICTE is the statutory body that regulates technical education in India.