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IBPS RRB Office Assistant Banking Abbreviations — practice questions

Explore 5 free Banking Abbreviations questions in IBPS RRB Office Assistant Financial Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Banking Abbreviations questions and exercises with answers

Showing questions 1–5 of 5.

CIBIL is associated with:Read the answer and worked solution →KYC stands for:Read the answer and worked solution →MSF stands for:Read the answer and worked solution →LAF stands for:Read the answer and worked solution →SARFAESI stands for Securitisation and Reconstruction of Financial Assets and:Read the answer and worked solution →

Worked practice questions

CIBIL is associated with:

  1. Insurance claim settlement
  2. Stock market trading
  3. Currency printing
  4. Credit information and scores
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Correct answer: D. Credit information and scores

1. The question asks: CIBIL is associated with. 2. Correct answer: Credit information and scores. 3. CIBIL maintains credit histories and computes credit scores. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Credit Info_

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KYC stands for:

  1. Know Your Customer
  2. Keep Your Cash
  3. Know Your Credit
  4. Key Your Code
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Correct answer: A. Know Your Customer

1. The question asks: KYC stands for. 2. Correct answer: Know Your Customer. 3. KYC is the customer-identification process banks must follow. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Abbreviations_

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MSF stands for:

  1. Minimum Standing Fund
  2. Marginal Standing Facility
  3. Marginal Surplus Facility
  4. Monetary Standing Fund
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Correct answer: B. Marginal Standing Facility

1. The question asks: MSF stands for. 2. Correct answer: Marginal Standing Facility. 3. MSF lets banks borrow overnight from RBI against SLR securities. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Abbreviations_

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More Financial Awareness topics

Government BudgetFinancial RegulatorsFinancial InstitutionsDeposit Insurance