Do you know what GRE is? If not, stop worrying and stick to this write-up until the end. GRE stands for Graduate Record Examination. Now you might be thinking that what is the use of this exam? So, it is used to seek admission into graduate business and graduate programs. It is administered and developed by test maker ETS. The primary purpose of this exam is to provide standard measures to business and graduate schools to compare the preparedness and qualification of the applicants.