Important Abbreviations for Upcoming Banking Exams

SAARC- South Asian Association for Regional Cooperation
SAC- Space Application Center
SAFTA -South Asian Free Trade Association
SAI -Sports Authority of India
SAIL- Steel Authority of India Limited
SAPTA- South Asian Preferential Trade Arrangements
SARS- Severe Acute Respiratory Syndrome
SC- Supreme Court / Security Council/schedule cast
SCI -Shipping Council of India
SCOPE- Standing Conference of Public Enterprises
SCRA -Special Class Railway Apprentice
SDR -Special Drawing Rights
SEBI- Security Exchange Board of India
SGPC -Siromani Gurudwara Prabandhak Committee
SHAR -Shri Haikota Range
SIDBI- Small Industries Development Bank of India
SIS -Secret Intelligence Service
SITA -Suppression of Immortal Traffic in Women and Girls Act
SLV -Satellite Launch Vehicle
SPCA -Society for Prevention of Cruelty of Animals
SPIC -MACAY Society for the Promotion of Indian Classical Music and Culture
STARS -Satellite Tracking and Ranging Station
STD -Subscribers Trunk Dialing
STPI- Software Technology Parks of India
SWAPO -South West African People’s Organization
TA- Traveling Allowances
TC- Transfer Certificate/ Ticket Checker
TELCO- Tata Engineering and Locomotive Company
TELEX- Teleprinter Exchange
TISCO- Tata Iron and Steel Company Limited
TNT -Tri-nitro-toluene
TOFEL- Test of English as a Foreign Language
TRAI -Telecom Regulatory Authority of India
TRIPS- Trade Related Intellectual Property Rights
TTE -Traveling Ticket Examiner
TTFI -Table Tennis Federation of India
TWA -Trans World Airlines

BANKING SPECIAL

Types of Cheque

1. Order Cheque: A cheque which is payable to a particular person or his order is called an order cheque.

2. Bearer Cheque: A cheque which is payable to a person whosoever bears, is called bearer cheque.

3. Blank Cheque: A cheque on which the drawer puts his signature and leaves all other columns blank is called a blank cheque.

4. Stale Cheque: The cheque which is more than six months old is a stale cheque.

5. Multilated Cheque: If a cheque is torn into two or more pieces, it is termed as mutilated cheque.

6. Post Dated Cheque: If a cheque bears a date later than the date of issue, it is termed as post dated cheque.

7. Open Cheque: A cheque which has not been crossed is called an open cheque. Even if a cheque is crossed and subsequently the drawer has cancelled the crossing at the request of the payee and affixes his full signature with the words “crossing cancelled pay cash”, it becomes an open cheque.

8. Crossed Cheque: A cheque which carries too parallel transverse lines across the face of the cheque with or without the words “I and co”, is said to be crossed.

9. Gift Cheques: Gift cheques are used for offering presentations on occasions like birthday, weddings and such other situations. It is available in various denominations.

10. Traveller’s Cheques: It is an instrument issued by a bank for remittance of money from one place to another.