Basics of Banking

What is the full form of NEFT?

• National Exchange for Fund Transfer

• New Electronic Fund Transfer

• National Electronic Fund Transfer

• Net Enabled Fund Transfer

What does RTGS stand for in banking?

• Real Time Gross Settlement

• Rapid Transfer of Government Subsidy

• Real Transaction General Settlement

• Revenue Time Gross Settlement

What is the full form of ATM?

• Automatic Teller Machine

• Automated Transaction Machine

• Automated Teller Machine

• Auto Transfer Machine

What is the full form of IFSC?

• Indian Financial Service Code

• Indian Foreign System Code
  

• Indian Fund Settlement Code

• Indian Financial System Code

What is the full form of MICR?

• Magnetic Ink Character Recognition

• Magnetic Internal Cash Register

• Manual Ink Credit Record

• Money Integrated Credit Rating

What does CRR stand for in banking terms?

• Credit Reserve Ratio

• Central Risk Rating

• Currency Risk Ratio

• Cash Reserve Ratio

What does BSR stand for?

• Bank Statement Report

• Basic Settlement Ratio

• Banking Statistical Returns

• Bank Standard Rating
  

What is the full form of ECS?

• Electronic Credit System

• Electronic Clearing System

• Electronic Cheque Settlement

• Encrypted Core System

What does CBS stand for in banking?

• Core Banking Solutions

• Central Bank Software

• Credit Banking Services

• Customer Banking System

What is the full form of NBFC?

• National Bank for Credit

• Non Banking Financial Company

• Net Banking Finance Corporation

• New Banking Fund Committee