Banking Awareness for Upcoming Exams Set 14

This set contains questions based on the banking terms which were in news recently. There is a high chance of such terms and related questions being asked in the exam.

  1. What does E stands for in ECB?
    A) Economic
    B) Equity
    C) External
    D) Electronic
    View Answer
    Option C
    Explanation
    : ECBs refer to commercial loans in the form of bank loans, securitized instruments (e.g. floating rate notes and fixed rate bonds, non-convertible, optionally convertible or partially convertible preference shares), buyers’ credit, suppliers’ credit availed of from non-resident lenders with a minimum average maturity of 3 years.
  2. What does F stands for in BFSI?
    A) Finance
    B) Fixed
    C) Futures
    D) Financial
    View Answer
    Option D
    Explanation
    : Banking, Financial services and Insurance (BFSI) is an industry term for companies that provide a range of such financial products/services such as universal banks
  3. Angel Investors usually invest in ____ .
    A) Stock Market
    B) Mutual Funds
    C) Startups
    D) Government Securities
    View Answer
      Option C
  4. What is the full form of IIN (Issued by NPCI)?
    A) Initial Identification Number
    B) Identification Index Number
    C) International Identification Number
    D) Institution Identification Number
    View Answer
    Option D
    Explanation
    : This number identifies the bank to which the customer has mapped his/her Aadhaar number. Each bank would be issued a unique Institution Identification Number (IIN) NPCI.
  5. IIN consists of how many digit?
    A) 4
    B) 6
    C) 8
    D) 10
    View Answer
    Option B
    Explanation
    : It is a six digit number.
  6. The maximum allowable debit allowed by NPCI to banks on AEPS is called?
    A) Net Outflow Limit(NOL)
    B) Net Debit Cap (NDC)
    C) Net Inflow Cap(NIC)
    D) Net Credit Cap(NCC)
    View Answer
    Option B
    Explanation
    : The limit allocated to the banks is called Net Debit Cap (NDC). The NDC calculated by NPCI at any instant for the AEPS will be net of total outward and inward for the day. This is the maximum allowable debit for a particular bank for a day.
  7. What does E stand for in AEBA (accounts which are APBS capable)?
    A) Enabled
    B) Electronic
    C) Equity
    D) Estimated
    View Answer
    Option A
    Explanation
    : AEBA – Aadhar Enabled Bank Account
    APBS- Aadhaar Payment Bridge System
  8. What is NPCI mapper?
    A) Link of all account numbers with NPCI
    B) Physical link between all the ATMs in the country
    C) Repository of Aadhaar numbers maintained by the APB System
    D) The Switch network used in ATM transactions
    View Answer
    Option C
    Explanation
    : NPCI mapper is a repository of Aadhaar numbers maintained by the APB System and used for the purpose of routing the APB transactions to the destination banks. The NPCI mapper contains Aadhaar number along with IIN of the bank to which the customer has seeded his/her Aadhaar number.
  9. Receivables Exchange of India Ltd (RXIL) is a joint venture between ?
    A) NABARD and BSE
    B) IDFC and BSE
    C) SIDBI and NSE
    D) RBI and NSE
    View Answer
    Option C
    Explanation
    : Receivables Exchange of India Ltd (RXIL) is a joint venture promoted by Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited (NSE). RXIL has launched India’s First Trade Receivables Discounting System (TReDS)
  10. TReDS is related to ____ ?
    A) Government Institutions
    B) Public Sector Banks
    C) MSME
    D) Foreign Companies
    View Answer
    Option C
    Explanation
    : TReDS is an online electronic institutional mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers.

 

Related posts

17 Thoughts to “Banking Awareness for Upcoming Exams Set 14”

  1. gomathy priya

    thanks team:)

  2. Inaayat

    Sir plz provide all the abbreviation used in budget n economic survey

      1. gomathy priya

        sir, u r doing good. able to learn many unknown things

        1. Suraj

          Thankyou 🙂
          Keep learning!!!!

          1. gomathy priya

            🙂

          2. mikku

            sir is there any chances of sbi clerk in 2017?????????????

          3. Suraj

            cannot predict anything right now;; wait for 1 July, may be by then things may get clear

          4. mikku

            okk thank you sir……..

      2. yo

        Sir TReds full form?

        1. Suraj

          Trade Receivables Discounting System

          1. yo

            Thank you sir ☺

Leave a Comment