Banking Abbreviations — Part 2 MCQs with Explanations

Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit, which is fixed by the commercial bank. The interest in this facility is not charged on the borrowing limit, which is given by the bank but on the daily closing balance.

BBR stands for Bank Base rate. Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers.

Bank of India (BOI) is an Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India with headquarters in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services.

Average daily trading volume (ADTV) is the average number of shares traded within a day in a given stock. Daily volume is how many shares are traded each day, but this can be averaged over a number of days to find the average daily volume. Average daily trading volume is an important metric because high or low trading volume attracts different types of traders and investors.

Anti-money laundering (AML) refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities.

A wholesale price index (WPI) measures and tracks the changes in the price of goods before they reach consumers: goods that are sold in bulk and traded between entities or businesses (rather than consumers). Wholesale price indexes (WPIs) are one indicator of a country's level of inflation.

A provident fund? is an investment fund that is jointly established by the employer and employee to serve as a long term savings to support an employee upon retirement. It also represents job welfare benefits offered to the employee.

A personal equity plan (PEP) was an investment plan introduced in the United Kingdom that encouraged people over the age of 18 to invest in British companies. Participants could invest in shares, authorized unit trusts, or investment trusts and receive both income and capital gains free of tax.

A land development bank abbreviated LDB, is a special kind of bank in India, and is of quasi-commercial type that provides services such as accepting deposits, making business loans, and offering basic investment products. The main objective of the LDB is to promote the development of land, agriculture and increase the agricultural production. The LDB provides long-term finance to members directly through its branches.

"Federal financial assistance" means assistance in the form of any grant, loan, or contract (other than a contract of insurance or guaranty). This includes use of equipment, donations of surplus property, and other forms of assistance.

Current Market Price is the correct answer to “What is the full form of "CMP"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Committee of Direction on Banking Statistics is the correct answer to “What is the full form of "CDBS"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Fixed Deposit Income is the correct answer to “What is the full form of "FDI"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Unique Identification Code is the correct answer to “What is the full form of "UIC"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Loan & Advances by States is the correct answer to “What is the full form of "LAS"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

International Banking Statistics is the correct answer to “What is the full form of "IBS"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Common Bank of India is the correct answer to “What is the full form of "CBI"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Short Term Deposit is the correct answer to “What is the full form of "STD"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Primary Cooperative Agriculture and Rural Development Bank is the correct answer to “What is the full form of "PCARDB"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Uniform Balance Book is the correct answer to “What is the full form of "UBB"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Uniform Code Number is the correct answer to “What is the full form of "UCN"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

Industrial Production in India is the correct answer to “What is the full form of "IIP"”. This question is standard in competitive examination syllabi for Banking Abbreviations.

National Data Sharing and Accessibility Policy is the correct answer to “What is the full form of "NDSAP"”. This question is standard in competitive examination syllabi for Banking Abbreviations.