IB ACIO Grade II key terms
IB ACIO Grade II · Get comfortable with the vocabulary.
- abatement
- Related: mitigation, précis
A reduction in amount, intensity, or degree, such as a fall in pollution levels or the easing of a penalty. In comprehension passages it signals decline rather than removal.
- aggregate demand
- Related: fiscal deficit, repo rate
The total planned spending on goods and services by households, firms, government, and foreign buyers at a given price level. Used in economy questions on inflation and output.
- allegory
- Related: metaphor, inference
A narrative in which characters and events stand for abstract ideas or political realities, conveying a second layer of meaning. Common in literary comprehension questions.
- antonym
- Related: synonym, idiom
A word whose meaning is opposite to another word's, such as 'scarce' for 'abundant'. Vocabulary questions often ask you to pick the closest or farthest match.
- assumption
- Related: inference, conclusion
An unstated premise that must be true for an argument to hold. Assumption questions ask which statement the author implicitly relies on rather than states outright.
- average (arithmetic mean)
- Related: ratio, percentage
The sum of a set of values divided by the number of values. Shifts in average when items are added or removed are a frequent shortcut topic in aptitude tests.
- balance of payments
- Related: current account deficit, foreign exchange reserves
A country's record of all economic transactions with the rest of the world, covering trade in goods, services, income, and capital flows. A persistent deficit signals external vulnerability.
- blood relation puzzle
- Related: syllogism, seating arrangement
A reasoning problem that gives family relationships in coded or indirect form and asks how two people are related. Drawing a small family tree prevents errors.
- circular seating arrangement
- Related: linear arrangement, blood relation puzzle
A puzzle placing people around a table with clues about who faces inward or outward and who sits adjacent. Direction of facing decides left and right.
- compound interest
- Related: simple interest, percentage
Interest calculated on the principal plus previously accrued interest, so the amount grows geometrically. The formula is P(1 + r/n)^(nt) for n compounding periods per year.
- conclusion
- Related: assumption, premise
The claim an argument asks you to accept, supported by premises. In reasoning questions you judge whether the conclusion follows necessarily or only probably.
- connotation
- Related: denotation, synonym
The emotional or cultural association a word carries beyond its literal meaning, such as the disapproval implied by 'scheme'. Word-choice questions test sensitivity to this shading.
- current account deficit
- Related: balance of payments, foreign exchange reserves
The excess of a nation's imports of goods, services, and transfers over its exports. It must be financed by capital inflows or reserves, so it matters for external stability.
- denotation
- Related: connotation, synonym
The literal, dictionary meaning of a word, stripped of emotional colour. Distinguishing it from connotation helps in precise vocabulary and précis work.
- directive Principle of State Policy
- Related: fundamental rights, preamble
Guidelines in Part IV of the Indian Constitution directing governments toward social and economic welfare. They are not enforceable in courts but fundamental in governance.
- fiscal deficit
- Related: aggregate demand, repo rate
The gap between total government expenditure and total receipts excluding borrowings. It measures how much the government must borrow, influencing interest rates and inflation.
- foreign exchange reserves
- Related: current account deficit, repo rate
Assets held by a central bank in foreign currencies, gold, and reserve positions, used to defend the currency and pay imports. India's reserves are managed by the RBI.
- fundamental rights
- Related: directive Principle of State Policy, writ
Six categories of rights guaranteed in Part III of the Indian Constitution, enforceable through writs. They include equality, freedom, and constitutional remedies.
- idiom
- Related: antonym, connotation
A fixed expression whose meaning cannot be deduced from its individual words, such as 'to bite the bullet'. Idiom questions test recognition of figurative usage.
- inference
- Related: assumption, allegory
A conclusion drawn from evidence without being stated directly. Inference questions reward reading what the passage implies rather than what it says literally.
- linear arrangement
- Related: circular seating arrangement, syllogism
A reasoning puzzle placing people or objects in a row with positional clues such as 'A sits third to the left of B'. Fixing one anchor position simplifies the arrangement.
- metaphor
- Related: allegory, simile
A figure of speech that describes one thing as another without using 'like' or 'as', such as 'a sea of troubles'. Identifying metaphors helps in comprehension and précis.
- mitigation
- Related: abatement, précis
Action taken to reduce the severity or likelihood of harm, as in disaster risk reduction or climate policy. It differs from adaptation, which adjusts to effects already occurring.
- number series
- Related: average (arithmetic mean), ratio
A sequence of numbers following a hidden rule, with one term missing or wrong. Check differences, ratios, squares, and alternating patterns in that order.
- percentage
- Related: ratio, compound interest
A fraction expressed out of one hundred, used to compare quantities of different sizes. Successive percentage changes do not simply add, so use multipliers.
- preamble
- Related: fundamental rights, directive Principle of State Policy
The opening statement of the Indian Constitution declaring its source of authority and objectives such as justice, liberty, equality, and fraternity. It is used to interpret ambiguous provisions.
- premise
- Related: conclusion, assumption
A stated reason or evidence offered in support of a conclusion. Identifying premises separately from conclusions is the first step in evaluating any argument.
- précis
- Related: inference, synonym
A concise, faithful summary of a passage that keeps its essential ideas and tone while cutting length, usually to about one-third. It uses your own words and no personal comment.
- ratio
- Related: percentage, average (arithmetic mean)
A comparison of two quantities by division, expressed as a:b. Converting ratios to fractions and finding a common multiplier solves most proportion problems.
- repo rate
- Related: fiscal deficit, foreign exchange reserves
The rate at which the Reserve Bank of India lends short-term funds to commercial banks against securities. Raising it tightens liquidity and is used to curb inflation.
- simile
- Related: metaphor, idiom
A comparison using 'like' or 'as', such as 'as brave as a lion'. It differs from metaphor, which asserts identity rather than similarity.
- simple interest
- Related: compound interest, percentage
Interest computed only on the original principal for the whole period, using SI = P × R × T / 100. It grows linearly, unlike compound interest.
- syllogism
- Related: premise, conclusion
A deductive argument with two premises and a conclusion, tested by Venn diagrams for validity. 'All A are B' and 'some B are C' do not guarantee 'some A are C'.
- synonym
- Related: antonym, connotation
A word with the same or nearly the same meaning as another, such as 'brief' for 'concise'. Choosing among synonyms requires attention to register and connotation.
- time and work
- Related: ratio, average (arithmetic mean)
A quantitative topic relating the rate at which individuals or groups complete a task to the time taken. Rates add when people work together, so convert days to work-per-day.
- writ
- Related: fundamental rights, preamble
A formal order issued by a court commanding or prohibiting action, such as habeas corpus or mandamus. Article 32 lets the Supreme Court issue writs to enforce fundamental rights.