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
   
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   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
   
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   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
   
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   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
   
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   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
   
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   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
   
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   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
   
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   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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