Banking Awareness for Upcoming Exams Set 58

Banking Awareness for Upcoming Bank and Insurance exams

Important Banking Abbreviation. These abbreviations are taken from RBI website and are important for various upcoming banking and insurance exams.

  1. What does S stands for in ASCL with respect to credit limit?
    A) Supply
    B) System
    C) Systematic
    D) Sanctioned
    View Answer
    Option D
    Explanation
    : Aggregate Sanctioned Credit Limit (ASCL) means the aggregate of the fund based credit limits sanctioned or outstanding, whichever is higher, to a borrower by the banking system. ASCL would also include unlisted privately placed debt with the banking system.
  2. What does P stands for in NPLL with respect to credit limit?
    A) Provisional
    B) Permitted
    C) Public
    D) Provided
    View Answer
    Option B
    Explanation
    : Normally permitted lending limit
  3. What does T stands for in CPTC with respect to Gold Monetization Scheme?
    A) Transfer
    B) Total
    C) Testing
    D) Typical
    View Answer
    Option C
    Explanation
    : Collection and Purity Testing Centre (CPTC)
  4. What does G stands for in MLTGD?
    A) Gold
    B) Government
    C) Governed
    D) Guaranteed
    View Answer
    Option B
    Explanation
    : Medium and Long Term Government Deposit (MLTGD)
  5. What does R stands for in SFURTI (scheme) with respect to MSME?
    A) Revenue
    B) Reliable
    C) Regeneration
    D) Rate
    View Answer
    Option C
    Explanation
    : Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
  6. What does F stands for in NOFHC?
    A) Functional
    B) Forwards
    C) Futures
    D) Financial
    View Answer
    Option D
    Explanation
    : Non-Operative Financial Holding Company
  7. What does V stands for in VCF with respect to fund management?
    A) Value
    B) Venture
    C) Variable
    D) Vendor
    View Answer
    Option B
    Explanation
    : Venture Capital Funds (VCFs)
  8. What does S stands for in WOS with respect to Overseas Direct Investments?
    A) Sales
    B) Scale
    C) Schedule
    D) Subsidiary
    View Answer
    Option D
    Explanation
    : Wholly Owned Subsidiary (WOS) S
  9. What does T stands for in REIT?
    A) Trust
    B) Transfer
    C) Target
    D) Tax
    View Answer
    Option A
    Explanation
    : Real Estate Investment Trust
  10. What does P stands for in CCPS with respect to investment instruments?
    A) partial
    B) partner
    C) preference
    D) passive
    View Answer
    Option C
    Explanation
    : compulsorily convertible preference shares (CCPS

 

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6 Thoughts to “Banking Awareness for Upcoming Exams Set 58”

  1. Destiny : ultimate

    Thanku sir 🙂

  2. Vision

    ty Admin !!

  3. sachin shukla Banker of 2017

    ty)

  4. AVI™ (Sinchen loveR)

    Thnxxx

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