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Home › Banking › Banking Abbreviations

Banking Abbreviations — Banking Questions & Practice

Practise 174 Banking Abbreviations questions from Banking for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong.

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Practice questions on Banking Abbreviations — with answers

Try each question first, then open the answer. Explanations are included.

1. What is the full form of 'NEFT' in the context of banking/finance?

  1. ANon-Banking Financial Company
  2. BSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Act)
  3. CNational Electronic Funds Transfer
  4. DNational Housing Bank
Show answer

Answer: C

'NEFT' stands for National Electronic Funds Transfer.

2. What is the full form of 'RTGS' in the context of banking/finance?

  1. ACash Reserve Ratio
  2. BReal Time Gross Settlement
  3. CElectronic Clearing Service
  4. DSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Act)
Show answer

Answer: B

'RTGS' stands for Real Time Gross Settlement.

3. What is the full form of 'IMPS' in the context of banking/finance?

  1. AImmediate Payment Service
  2. BCorporate Debt Restructuring
  3. CPradhan Mantri Suraksha Bima Yojana
  4. DForeign Exchange Regulation Act
Show answer

Answer: A

'IMPS' stands for Immediate Payment Service.

4. What is the full form of 'UPI' in the context of banking/finance?

  1. ANon-Performing Asset
  2. BPriority Sector Lending
  3. CUnified Payments Interface
  4. DAadhaar Enabled Payment System
Show answer

Answer: C

'UPI' stands for Unified Payments Interface.

5. What is the full form of 'AEPS' in the context of banking/finance?

  1. AKnow Your Customer
  2. BAadhaar Enabled Payment System
  3. CForeign Direct Investment
  4. DDeposit Insurance and Credit Guarantee Corporation
Show answer

Answer: B

'AEPS' stands for Aadhaar Enabled Payment System.

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