Question

What is the full form of COBOL?
1. Common Business Organised Language
2. Computer Business Oriented Language 
3. Computer Basic Operation Language
4. Common Business Oriented Language

Answer 1

Correct Answer - Option 4 : Common Business Oriented Language

​The correct answer is Common Business Oriented Language.

• The full form of COBOL is Common Business Oriented Language.
• COBOL (Common Business-Oriented Language) is a high-level programming language for business applications.
• COBOL was the first popular language designed to be operating system-agnostic and is still in use in many financial and business applications today.
• COBOL is primarily used in business, finance, and administrative systems for companies and governments.
• Today many federal government agencies local banks, COBOL is still in use. For example, an estimated 43% of banking systems and 95% of ATM swipes utilize COBOL code.

• COBOL was designed in 1959 by CODASYL and was partly based on the programming language FLOW-MATIC designed by Grace Hopper.
• It was standardized in 1968 and has since been revised four times. The current standard is ISO/IEC 1989:2014.
• COBOL is a great candidate because it uses fixed-point decimal calculations as opposed to floating-point. A lot of modern languages like Java use floating-point, which means that their calculations are only accurate out to a certain “point”.
• Corporations use mainframes for applications that depend on scalability and reliability. For example, a banking institution could use a mainframe to host the database of its customer accounts, for which transactions can be submitted from any of thousands of ATM locations worldwide.