Banking Awareness Set 85 (Important Abbreviations)

Banking Awareness Questions for upcoming banks and insurance exams SBI PO, IBPS PO/Clerk, Federal Bank, RRB PO/Clerk, RBI, IPPB.

FCA are invested in multi-currency, multi-asset portfolios as per the norms, which are similar to the best international practices followed in this regard. C in FCA stands for?
A) Credit
B) Currency
C) Call
D) Central

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Option B
Some Extra:
Foreign currency assets (FCA) are simply assets that are valued based on a currency other than the firm’s “home” currency.
JLF is a dedicated grouping of lender banks that is formed to speed up decisions in case of Non-Performing Assets (NPAs). F in JLF stands for?
A) Finance
B) Fund
C) Function
D) Forum

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Option D
Some Extra:
The Joint Lender’s Forum is a dedicated grouping of lender banks that is formed to speed up decisions when an asset (loan) of more Rs 100 crore or more turns out to be a stressed asset.
IDFs are investment vehicles for channelizing investment into the infrastructure sector. F in IDF stands for?
A) Finance
B) Fund
C) Function
D) Forum

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Option B
Some Extra:
Infrastructure Debt Fund (IDFs) are investment vehicles which can be sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs.
NUUP is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers. P in NUUP stands for?
A) Payment
B) Platform
C) Perform
D) Plan

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Option B
Some Extra:
National Unified USSD Platform
What does M stands for in QSAM, which is related to Aadhaar Number?
A) Mandatory
B) Merger
C) Migrate
D) Mapper

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Option D
Some Extra:
Query Service on Aadhaar Mapper
IIBs are debt market securities offered by the government, and even some corporations with a view to protect your savings from inflation. What does middle letter I stands for in IIB?
A) Inflation
B) Indexed
C) Information
D) Investement

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Option B
Some Extra:
Inflation-indexed bonds
In financial terms, what does L in LTV stands for?
A) Loan
B) Listed
C) Lien
D) Lend

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Option A
Some Extra:
The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. The term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property.
D is FSDC stands for?
A) Demonstrate
B) Discussion
C) Development
D) Dedicated

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Option C
Some Extra:
Financial Stability and Development Council
What does P stands for in CNP?
A) Privacy
B) Prompt
C) Permissive
D) Present

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Option D
Some Extra:
A card not present transaction(CNP) is a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant’s visual examination at the time that an order is given and payment effected.
What is R in MDR?
A) Rate
B) Ratio
C) Right
D) Reserve

View Answer
Option A
Some Extra:
Merchant Discount Rate – The rate charged to a merchant by a bank for providing debit and credit card services.