Banking Awareness Quiz – Set 203

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. IIN Stands for _______
   A. International Identification Number
   B. Institutional Identification Number
   C. Internal Identification Number
   D. Issuer Identification Number
   E. None of these
   
   Answer & Explanation

   D. Issuer Identification Number 
   Explanation:
   IIN – Issuer Identification Number
2. In ASBA, “A” stands for ______
   A. Address
   B. Audit
   C. Applications
   D. Applicants
   E. None of these
   
   Answer & Explanation

   C. Applications
   Explanation:
   ASBA – Applications Supported by Blocked Amount
3. In AEPS, “E” stands for ______
   A. External
   B. Export
   C. Earned
   D. Enabled
   E. None of these
   
   Answer & Explanation

   D. Enabled
   Explanation:
   AEPS – Aadhaar Enabled Payment System.
4. In BIS, “I” stands for _______
   A. International
   B. Internal
   C. Identification
   D. Issuer
   E. None of these
   
   Answer & Explanation

   A. International
   Explanation:
   BIS – Bank for International Settlements.
5. In IFSC, “I” stands for _______
   A. International
   B. Indian
   C. Identification
   D. Issuer
   E. None of these
   
   Answer & Explanation

   B. Indian
   Explanation:
   IFSC – Indian Financial System Code
6. In USSD, “U” Stands for ____
   A. Universal
   B. Unstructured
   C. Unit
   D. Uniformed
   E. All of these
   
   Answer & Explanation

   B. Unstructured 
   Explanation:
   USSD – Unstructured Supplementary Service Data
7. In JLF, L stands for ______
   A. Liability
   B. Loan
   C. Lender
   D. Lending
   E. None of these
   
   Answer & Explanation

   D. Lending
   Explanation:
   JLF – Joint Lending Forum.
8. In BBPS, “P” stands for _______
   A. Payments
   B. Prompt
   C. Pay
   D. Pool
   E. None of these
   
   Answer & Explanation

   A. Payments
   Explanation:
   BBPS – Bharat Bill Payment Systems.
9. In BBPCU, “C” stands for _______
   A. Channel
   B. Central
   C. Crucial
   D. Centre
   E. None of these
   
   Answer & Explanation

   B. Central
   Explanation:
   BBPCU – Bharat Bill Payment Central Unit
10. In BBPOU, “O” Stands for ____
    A. Original
    B. Operating
    C. Operation
    D. On
    E. None of these
    
    Answer & Explanation

    B. Operating
    Explanation:
    BBPOUs – Bharat Bill Payment Operating Units