Banking Awareness Set 33 (Abbreviation)

Banking Awareness Questions on Banking Abbreviations. This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk, NIACL Assistant and various other competitive exams.

  1. What does I stands for in CHI in relation to Cheque Truncation System?
    A) Investment
    B) Interface
    C) Instrument
    D) Information
    View Answer
    Option B
    Explanation
    : CHI-Clearing House Interface
  2. The security, integrity, non-repudiation and authenticity of the data and image transmitted in CTS are ensured using the PKI. What does P stands for in PKI?
    A) Private
    B) Public
    C) Privacy
    D) Product
    View Answer
    Option B
    Explanation
    : PKI- Public Key Infrastructure
  3. What does P stands for in CCP with respect to Cheques?
    A) Private
    B) Privacy
    C) Policy
    D) Product
    View Answer
    Option C
    Explanation
    : CCP- Cheque Collection Policy
  4. What does L stands for in LAF?
    A) Liquid
    B) Liquidity
    C) Liability
    D) Loss
    View Answer
    Option B
    Explanation
    : LAF- Liquidity adjustment facility
  5. What does C stands for in BBPCU?
    A) Control
    B) Currency
    C) Central
    D) Corporation
    View Answer
    Option C
    Explanation
    : Bharat Bill Payment Central Unit
  6. What does O stands for in WLAO with respect to ATMs?
    A) Organiser
    B) Operator
    C) Order
    D) Obligation
    View Answer
    Option B
    Explanation
    : WLAO- White Label ATM Operator
  7. IDF is an investment vehicle which can be sponsored by commercial banks . What does I stands for in IDF?
    A) Investment
    B) Infrastructure
    C) International
    D) India
    View Answer
    Option B
    Explanation
    : IDF- Infrastructure Debt Fund
  8. What does B stands for in CBLO?
    A) Bank
    B) Borrowing
    C) Basic
    D) Basel
    View Answer
    Option B
    Explanation
    : CBLO- Collateralized Borrowing And Lending Obligation
  9. What does E stands for in ECB?
    A) Equity
    B) External
    C) Export
    D) Electronic
    View Answer
    Option B
    Explanation
    : ECB- External Commercial Borrowing
  10. What does F stands for in SFMS?
    A) Fund
    B) Financial
    C) Federation
    D) Finance
    View Answer
    Option B
    Explanation
    : SFMS- Structured Financial Messaging System

 

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5 Thoughts to “Banking Awareness Set 33 (Abbreviation)”

  1. K!nG Iz B!nG

    10x team:)

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