Maximum retail price – SBNRI | MRP Full Form

The full form of MRP is Maximum Retail Price. It is the highest price that can be charged by manufacturers for a product before the sale in India. Maximum retail price must be labelled on every product sold in India. Maximum retail price printed on products is inclusive of all taxes. Retailers can’t charge customers more than the MRP. However, some shops may charge slightly below to attract more customers to their stores.

CIBIL Full Form: Credit Information Bureau (India) Limited

Credit Information Bureau India Limited is the full form of CIBIL. A part of TransUnion, CIBIL is a credit information company operating in India since August 2000. CIBIL, also known as the credit bureau, gathers and maintains credit records of individuals and business organizations. It aggregates borrowing and payment information of consumers and businesses for the purpose of assessing loan risk and interest rates.

International Monetary Fund (IMF) – SBNRI

The International Monetary Fund is the full form of IMF. The IMF is an international organization working to foster global monetary cooperation, encourage international trade, secure financial stability, promote sustainable economic growth, promote high employment and reduce poverty. Headquartered in Washington, D.C. the United States, the International Monetary Fund consists of 190 member countries, each of which has representation in the IMF’s executive board in proportion to its financial contribution.

GDP Full Form: Gross Domestic Product of a Country

Gross Domestic Product is the full form of GDP. It is the final value of all goods and services produced within the geographic boundaries in a specific time period. As a broad measure of overall domestic production, GDP is an important indicator of the economic performance of a country. The term GDP is used to explain the size of the economy. GDP growth rates indicate the speed of economic growth of a country on an annual basis, but sometimes it is calculated on a quarterly basis as well.

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