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.

  1. 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
    View Answer
    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.
  2. 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 
    View Answer
    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.
  3. IDFs are investment vehicles for channelizing investment into the infrastructure sector. F in IDF stands for?
    A) Finance
    B) Fund
    C) Function
    D) Forum
    View Answer
    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.
  4. 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
    View Answer
    Option B
    Some Extra:
    National Unified USSD Platform
  5. What does M stands for in QSAM, which is related to Aadhaar Number?
    A) Mandatory
    B) Merger
    C) Migrate
    D) Mapper
    View Answer
    Option D
    Some Extra:
    Query Service on Aadhaar Mapper
  6. 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 
    View Answer
    Option B
    Some Extra:
    Inflation-indexed bonds 
  7. In financial terms, what does L in LTV stands for?
    A) Loan
    B) Listed
    C) Lien
    D) Lend
    View Answer
    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.
  8. D is FSDC stands for?
    A) Demonstrate 

    B) Discussion
    C) Development 

    D) Dedicated
    View Answer
    Option C
    Some Extra:
     Financial Stability and Development Council
  9. What does P stands for in CNP?
    A) Privacy 
    B) Prompt  
    C) Permissive 
    D) Present 
    View Answer
    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.
  10. 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.

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10 Thoughts to “Banking Awareness Set 85 (Important Abbreviations)”

  1. Priyanka Khandelwal

    Ty..

  2. aspirant

    9/10..IDF-infrastructure debt fund,NUUP-national unified USSD platform

  3. ครђ

    Thanks Mam 🙂

  4. ~The last samurai of 2016~

    nice 1

  5. Sachin shukla( Banker 2018)

    ty.

  6. thirum121

    Post quiz more…..

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