OTC Full Form In English
OTC stands for “Over The Counter.” It refers to products or medicines that can be purchased directly from a pharmacy or store without the need for a doctor’s prescription. In the financial sector, OTC also describes trading that occurs directly between two parties without the supervision of an exchange. For example, OTC medicines are common for minor health issues like headaches or colds, while OTC trading involves stocks, derivatives, or other financial instruments traded outside formal exchanges.
OTC Full Form In Hindi
OTC का पूरा नाम “ओवर द काउंटर” होता है। इसका अर्थ उन दवाइयों या उत्पादों से है जिन्हें बिना डॉक्टर के प्रिस्क्रिप्शन के सीधे मेडिकल स्टोर या फार्मेसी से खरीदा जा सकता है। वित्तीय क्षेत्र में OTC का मतलब उन लेन-देन से है जो स्टॉक एक्सचेंज के बाहर दो पक्षों के बीच सीधे होते हैं। OTC दवाइयाँ आमतौर पर सामान्य बीमारियों जैसे सर्दी, सिरदर्द या बुखार के लिए उपयोग की जाती हैं।
Read More: OVD Full Form In English And Hindi
Frequently Asked Questions
What is the full form of OTC in medicine?
The full form of OTC in medicine is “Over The Counter.”
What does OTC mean in finance?
In finance, OTC refers to “Over The Counter” trading done directly between two parties without an exchange.
Can I buy OTC medicines without a prescription?
Yes, OTC medicines can be purchased without a doctor’s prescription.
What are some common OTC medicines?
Common OTC medicines include pain relievers, cough syrups, and antacids.
Is OTC trading regulated?
Yes, OTC trading is regulated, but it is less transparent compared to exchange trading.
Conclusion
OTC, or Over The Counter, is a term widely used in both healthcare and finance. It makes medical products easily accessible to consumers and allows direct trading between parties in financial markets. Understanding the term OTC helps in making informed decisions in both health and investment contexts.
