The full form of MFN is Most-Favoured-Nation treatment (MFN), also known as normal trade relations, which is a strategy for establishing equal trading opportunities among states by initially making multilateral agreements. It guarantees trading opportunities equal to those accorded to the most-favoured nation. It establishes the sovereign equality of states regarding the trading policy as […]

The full form of API is the Application Program Interface. An API is a group of protocols, procedures, and software development tools. In essence, an API specifies exactly how software components should communicate. Additionally, when configuring GUI (graphical user interface) components, APIs are used. By providing all of the fundamental building parts, a strong API […]

The full form of BOM is Bank of Maharashtra. It is a sizable bank in India’s public sector. The Indian Government owns 87.74% of the shares. As of 5 April 2016, the bank had 1,897 subsidiaries and 15 million customers worldwide. In the state of Maharashtra, it had the broadest network of affiliates of any […]

The full form of BoA is Bank of America Corporation. With its headquarters in Charlotte, North Carolina, and core hubs in New York City, Hong Kong, London, Toronto, and Dallas, BoA is an international investment bank of America. The San Francisco-based Bank of America was founded in 1998 after NationsBank purchased BankAmerica. It is the […]

The full form of APEC is Asia-Pacific Economic Cooperation. It is a global organisation comprised of 21 economies from the Pacific Rim’s Asian and Pacific regions. It was created to take advantage of the Asia-Pacific area’s growing interconnectedness and facilitate free commerce throughout the region. The 21 APEC member nations intend to achieve economic prosperity […]

The full form of IDBI is Industrial Development Bank of India. As a fully owned subsidiary of the RBI, IDBI was established in 1964 to offer financial and credit resources for expanding the Indian industry. Its main office is in Mumbai. It is one of India’s most well-known commercial banks, delivering personal banking and financial […]

The full form of TMB is Tamilnad Mercantile Bank Limited. TMB is a bank headquartered in Thoothukudi, Tamil Nadu, India. TMB was initially established as Nadar Bank in 1921, but in November 1962, it changed its name to Tamilnad Mercantile Bank to expand beyond the Nadar neighbourhood. TMB has tie-up arrangements with 136 IDBI Bank […]

The full form of PSB is Punjab & Sind Bank. The government owns PSB, a bank with its headquarters in New Delhi. The bank has 1559 branches spread everywhere throughout India, 623 of which are in Punjab. A Synopsis of PSB’s past

The full form of SEBI is Securities and Exchange Board of India. A statutory regulatory body called SEBI is in charge of regulating the Indian capital markets. It governs the stock market and protects investor interests by putting into place particular laws and rules. On April 12, 1992, SEBI was founded under the 1992 SEBI […]

The full form of MHD is Magneto Hydrodynamics. MHD studies the magnetic features and properties of electrically conducting fluid. These magnetic properties-fluids can be found in liquid metals, plasmas, seawater, and electrolytes. The words magneto, which means a magnetic field; hydro, which means water; and motion, which simply means dynamics, make up the term magneto-hydro-dynamics. […]