Difficulty: Easy
Correct Answer: Film Finance Corporation
Explanation:
Introduction / Context:
Many general knowledge questions in exams ask about the full forms of commonly used abbreviations related to Indian institutions. FFC is one such abbreviation. In the context of Indian economic and cultural institutions, FFC is primarily associated with the Film Finance Corporation, an organisation that was set up to promote and support the film industry through financial assistance.
Given Data / Assumptions:
Concept / Approach:
The concept tested here is recognition of key cultural and financial institutions by their abbreviations. The Film Finance Corporation was created by the Government of India to provide financial support to film producers, encourage quality films, and strengthen the Indian cinema sector. This abbreviation FFC has appeared frequently in general knowledge books and exam questions, making Film Finance Corporation the expected expansion in this context. The other options are either invented or not standard names in Indian institutional general knowledge.
Step-by-Step Solution:
Step 1: Recall that FFC in Indian GK is commonly associated with the film industry and government support schemes.Step 2: Remember that an organisation named Film Finance Corporation was established to provide loans and financial assistance for films.Step 3: Compare the given options and identify which one exactly matches this known institution.Step 4: Foreign Finance Corporation and Federation of Football Council do not correspond to widely recognised Indian bodies with the abbreviation FFC.Step 5: Select Film Finance Corporation as the correct expansion of FFC.
Verification / Alternative check:
You can verify this by recalling that discussions of Indian cinema and public sector support often mention that the Film Finance Corporation later merged into the National Film Development Corporation. This reinforces that FFC is indeed related to film finance and not to foreign finance or football administration. Standard exam guides list FFC as Film Finance Corporation in sections dealing with abbreviations and institutions.
Why Other Options Are Wrong:
Foreign Finance Corporation: This sounds plausible but does not match a standard Indian governmental or public sector body typically abbreviated as FFC in common GK material.
Federation of Football Council: Football administration at the national level is handled by bodies like the All India Football Federation. Federation of Football Council is not a standard or widely known organisation in Indian sports governance.
None of the above: This is incorrect because one of the options, Film Finance Corporation, exactly matches the established expansion of FFC in Indian institutional general knowledge.
Common Pitfalls:
A common error is to be distracted by impressive sounding phrases such as Foreign Finance Corporation and assume a more global meaning for the abbreviation. Another pitfall is not relating the abbreviation back to the Indian context that most competitive exams are built around. To avoid these mistakes, candidates should build a habit of learning common Indian institutional abbreviations such as FCI, RBI, SEBI, and FFC, and remembering the sectors in which they operate, such as food, banking, securities, or films.
Final Answer:
FFC stands for Film Finance Corporation.
Discussion & Comments