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Basics of Banking

Authored by Dileep Udupi

Financial Education

Professional Development

Used 1+ times

Basics of Banking
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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the full form of NEFT?

National Exchange for Fund Transfer

New Electronic Fund Transfer

National Electronic Fund Transfer

Net Enabled Fund Transfer

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does RTGS stand for in banking?

Real Time Gross Settlement

Rapid Transfer of Government Subsidy

Real Transaction General Settlement

Revenue Time Gross Settlement

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the full form of ATM?

Automatic Teller Machine

Automated Transaction Machine

Automated Teller Machine

Auto Transfer Machine

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the full form of IFSC?

Indian Financial Service Code

Indian Foreign System Code

Indian Fund Settlement Code

Indian Financial System Code

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the full form of MICR?

Magnetic Ink Character Recognition

Magnetic Internal Cash Register

Manual Ink Credit Record

Money Integrated Credit Rating

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does CRR stand for in banking terms?

Credit Reserve Ratio

Central Risk Rating

Currency Risk Ratio

Cash Reserve Ratio

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does BSR stand for?

Bank Statement Report

Basic Settlement Ratio

Banking Statistical Returns

Bank Standard Rating

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