Banking Awareness Quiz – Set 204

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. In FIMMDA, “I” stands for ______
   A. International
   B. Identification
   C. Income
   D. Issuer
   E. None of these
   
   Answer & Explanation

   C. Income 
   Explanation:
   FIMMDA – Fixed Income, Money Markets and Derivatives Association of India
   
   
2. In FEDAI, “E” stands for ______
   A. External
   B. Exchange
   C. Earned
   D. Enabled
   E. None of these
   
   Answer & Explanation

   B. Exchange
   Explanation:
   FEDAI – Foreign Exchange Dealers Association of India
   
   
3. In CBLO, “L” stands for ______
   A. Liability
   B. Loan
   C. Lender
   D. Lending
   E. None of these
   
   Answer & Explanation

   D. Lending
   Explanation:
   CBLO – Collateralised Borrowing and Lending Facility.
   
   
4. In FPI, “P” stands for _______
   A. Percent
   B. Profit
   C. Portfolio
   D. Prompt
   E. None of these
   
   Answer & Explanation

   C. Portfolio
   Explanation:
   FPI – Foreign Portfolio Investors.
   
   
5. CCIL stands for _______
   A. Clearing Council of India Limited
   B. Clearing Corporation of India Limited
   C. Clearing Centre of India Limited
   D. Clearing Company of India Limited
   E. None of these
   
   Answer & Explanation

   B. Clearing Corporation of India Limited
   Explanation:
   CCIL – Clearing Corporation of India Limited
   
   
6. In UTR Number, “U” Stands for ____
   A. Universal
   B. Unstructured
   C. Unique
   D. Uniformed
   E. All of these
   
   Answer & Explanation

   C. Unique 
   Explanation:
   UTR – Unique Transaction Reference
   
   
7. In EMV, E stands for ______
   A. External
   B. Exchange
   C. Earned
   D. Europay
   E. None of these
   
   Answer & Explanation

   D. Europay
   Explanation:
   EMV – Europay Mastercard and Visa.
   
   
8. In MOTO, “M” stands for _______
   A. Merge
   B. Multi
   C. Mail
   D. Multiple
   E. None of these
   
   Answer & Explanation

   C. Mail
   Explanation:
   MOTO – Mail Order Telephone Order
   
   
9. In PIN, “P” stands for _______
   A. Permanent
   B. Previous
   C. Personal
   D. Prompt
   E. None of these
   
   Answer & Explanation

   C. Personal
   Explanation:
   PIN – Personal Identification Number
   
   
10. In CCP, “P” Stands for ____
    A. Permanent
    B. Policy
    C. Personal
    D. Prompt
    E. None of these
    
    Answer & Explanation

    B. Policy
    Explanation:
    CCP – Cheque Collection Policy