Important Banking Awareness Quizzes (Topic Wise) Day-196

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS/SBI Exams 2018 can make use of it.

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1. In ETF, “E” stands for _________

a) Equity

b) Exchange

c) External

d) Electronic

e) None of these

2. In MUDRA, “R” stands for ___________

a) Regulator

b) Revenue

c) Ratio

d) Refinance

e) None of these

3. EFTPOS stands for _______________________

a) Exchange Funds Transfer At Point Of Sale

b) Employees Funds Transfer At Point Of Sale

c) Electronic Funds Transfer At Point Of Sale

d) Earnings Funds Transfer At Point Of Sale

e) None of these

4. LAB stands for _____________

a) Local Area Bond

b) Lending Area Bank

c) Legislative Area Bank

d) Level Area Bank

e) None of these

5. In CRAR, “A” stands for _________

a) Assets

b) Alternative

c) Agriculture

d) Annual

e) None of these

6. In LTIF, “I” stands for ___________

a) Investment

b) Irrigation

c) International

d) Initial

e) None of these

7. MMID stands for ____________

a) Magnetic Money Identifier

b) Marginal Money Identifier

c) Mobile Money Identifier

d) Mobile Management Identifier

e) None of these

8. CFMS stands for ______________

a) Centralized Funds Monetary System

b) Centralized Funds Management Service

c) Corporate Funds Monetary System

d) Capital Funds Management System

e) None of these

9. In NPCI, “P” stands for ___________

a) Payments

b) Partnership

c) Public

d) Product

e) None of these

10. SEAC stands for ____________

a) Statutory Expert Appraisal Committee

b) Sensitive Expert Appraisal Committee

c) Small Expert Appraisal Committee

d) State Expert Appraisal Committee

e) None of these

11. FATF stands for _____________

a) Financial Asset Task Force

b) Financial Action Task Fund

c) Financial Action Task Force

d) Fixed Action Task Force

e) None of these

12. In PCA, “C” stands for _________

a) Credit

b) Corrective

c) Comprehensive

d) Collateralized

e) None of these

13. LTV stands for _____________

a) Lend-To-Value

b) Level-To-Value

c) Liabilities-To-Value

d) Loan-To-Value

e) None of these

14. UPI stands for _____________

a) Uniform Payment Interface

b) United Payment Interface

c) Union Payment Interface

d) Unique Payment Interface

e) None of these

15. In IFSC, “C” stands for __________

a) Code

b) Card

c) Cash

d) Credit

e) None of these

Answers:

1. ETF – Exchange Traded Fund

Correct Answer is: b)

2. MUDRA – Micro Units Development and Refinance Agency Bank

Correct Answer is: d)

3. EFTPOS – Electronic Funds Transfer At Point Of Sale

Correct Answer is: c)

4. LAB – Local Area Bank

Correct Answer is: e)

5. CRAR – Capital to Risk (Weighted) Assets Ratio

Correct Answer is: a)

6. LTIF – Long Term Irrigation Fund

Correct Answer is: b)

7. MMID – Mobile Money Identifier

Correct Answer is: c)

8. CFMS – Centralized Funds Management System

Correct Answer is: e)

9. NPCI – National Payments Corporation of India

Correct Answer is: a)

10. SEAC – State Expert Appraisal Committee

Correct Answer is: d)

11. FATF – Financial Action Task Force

Correct Answer is: c)

12. PCA – Prompt Corrective Action

Correct Answer is: b)

13. LTV – Loan-To-Value

Correct Answer is: d)

14. UPI – Unified Payment Interface

Correct Answer is: e)

15. IFSC – Indian Financial System Code

Correct Answer is: a)

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