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Banking Awareness Quiz – Set 204

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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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    B. Policy
    Explanation:
    CCP – Cheque Collection Policy