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
   
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   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
   
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   Option C
   Explanation: CCP- Cheque Collection Policy
4. What does L stands for in LAF?
   A) Liquid
   B) Liquidity
   C) Liability
   D) Loss
   
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   Option B
   Explanation: LAF- Liquidity adjustment facility
5. What does C stands for in BBPCU?
   A) Control
   B) Currency
   C) Central
   D) Corporation
   
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   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
   
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   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
   
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   Option B
   Explanation: IDF- Infrastructure Debt Fund
8. What does B stands for in CBLO?
   A) Bank
   B) Borrowing
   C) Basic
   D) Basel
   
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   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
   
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   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