Banking Awareness Set 75 (Important Abbreviations)

Important Banking Abbreviations for Upcoming exams

This set contains important Banking Abbreviations for upcoming banking and insurance exams like SBI PO, IBPS PO, RRB PO, NICL, IBPS Clerk. In recent exams the number of questions asked has increased. So be prepared with these some uncommon expected abbreviations. Important Banking abbreviations full form bank related terms SBI PO 

  1. What does E stands for in ECCS with respect to cheque clearing?
    A) Enabled
    B) Express
    C) Established
    D) Encrypted 
    View Answer
    Option B
    : Express Cheque Clearing System (ECCS)
  2. RRBs should maintain a LTV ratio of 75% on the outstanding amount of loan including the interest on an ongoing basis, failing which the loan will be treated as a NPA. What does L stands for in LTV.
    A) Liquidity
    B) Liability
    C) Loan
    D) Lien
    View Answer
    Option C
    : Loan to Value
  3. FRA and IRS are such instruments which can provide effective hedge against interest rate risks. What does F stands for in FRA?
    A) Futures
    B) Forward
    C) Functionality
    D) Free
    View Answer
    Option B
    : FRA- Forward Rate Agreement
  4. FRA and IRS are such instruments which can provide effective hedge against interest rate risks. What does S stands for in IRS?
    A) Settlement
    B) Short
    C) Swap
    D) Skip
    View Answer
    Option C
    : IRS- Interest Rate Swap
  5. An IBU can become a PCM of the exchange in the IFSC for clearing and settlements in any derivatives segments. What does P stands for in PCM?
    A) Permanent
    B) Primary
    C) Public
    D) Professional
    View Answer
    Option D
    : Professional Clearing Member
  6. The securities offered for substitution by the market participants shall be of similar market value based on the latest prices published by the FIMMDA. What does D stands for in FIMMDA?
    A) Derivatives
    B) Dividend
    C) Differential
    D) Dynamic
    View Answer
    Option A
    : Fixed Income Money Market and Derivatives Association of India
  7. Name of Annual Information Return (AIR) has now been changed to SFT. What does s stands for in SFT?
    A) Savings
    B) Systematic
    C) Statement
    D) Settled
    View Answer
    Option C
    : SFT- Statement of Financial Transaction
  8. What does R stands for in QR Code?
    A) Review
    B) Response
    C) Random
    D) Retrieval
    View Answer
    Option B
    : Quick Response Code
  9. What does P stands for in IAP with respect to UPI?
    A) Processing
    B) Payment
    C) Progress
    D) Primary
    View Answer
    Option B
    : In-App Payments (IAP). This term is also used with android apps
  10. What does B stands for in APBS?
    A) Biometric
    B) Basic
    C) Bundled
    D) Bridge
    View Answer
    Option D
    : Aadhaar Payment Bridge (APB) System


For More Banking Awareness Quiz Click Here

Some More Abbreviations

  1. INFINET– Indian Financial Network
  2. FLC– Financial Literacy Centres
  3. FFMC – Full Fledged Money Changer
  4. LLP – Limited Liability Partnerships
  5. SDL– State Development Loans
  6. IBU– IFSC Banking Unit
  7. REIT – Real Estate Investment Trusts   
  8. InvIT – Infrastructure Investment Trust
  9. CDM- Cash Deposit machine
  10. BNAM – Bunch Note Acceptor Machines
  11. VPA– Virtual Private Address(used in UPI)


Keep Visiting !!!!! We will add more Abbreviations that are Important for SBI PO 

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34 Thoughts to “Banking Awareness Set 75 (Important Abbreviations)”

  1. THE "D"!!!!

    very nyc… thnx

  2. Sachin Shukla


    1. Sachin Shukla


    2. Sachin Shukla

      pdf nai h

      1. Sachin Shukla


        1. Yes. Yhi 3 operational hai abi

      2. Sachin Shukla


      3. Sachin Shukla

        essay ready kr li sb…

    1. ??meetu??

      clerk mei kitne hai??



  4. yo

    @Suraj sir GA for mains till today is enough right?

      1. karthik

        in 10th question ABPS or APBS

        in 77set contained ABPS… thats y i am asking sir.

        1. APBS

          Aadhaar Payment Bridge System

          1. karthik

            in 77th set one abbr ABPS– Aadhaar Bridge Payment System.. thats y i confused

          2. ohh

            its Aadhaar Payment Bridge System

            I will correct there


    oh thank u so much

  6. Sachin Shukla

    ho rha h yrr kitnaa padho dimak kharab hota h…GA ho jayega bss yee Di aur descriptive nikl jaye…

    1. Sachin Shukla

      hmm dear…)) don’t worry sb hoga 15-17kr lena h bss ho jayega maths clear

  7. Sachin Shukla

    jawo kl niacl do prso fr sbi po..

    1. Sachin Shukla

      aree nahii koii nervous nahii hona h all the best&best of luck.))

  8. Sachin Shukla

    pichhle sal pokemanGO aaya tha wo tb bahot chl rha tha i expect that wannacry ayega….yee bhi hila diya h sbko

    1. Sachin Shukla

      hmm…jiyo not
      utna nahii jitna wannacry NPA demonetisation h

  9. I am

    Nice questions mam…
    Could u pls add more explanation along with the answers?

  10. I enjoy reading an article that can make people think. Also, thanks for allowing for me to comment!

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