Banking Abbreviations questions and answers

10 questions in 1 online test, each with its answer and a worked solution.

Start Test 1

Banking Abbreviations: key points

Banking abbreviation questions ask for the full forms of terms used in payments, regulation and accounts.

  • Payment systems: NEFT, RTGS, IMPS and UPI.
  • Regulation: CRR, SLR, NPA and KYC.
  • Codes printed on a cheque: IFSC identifies the branch and MICR is read by machine.

How to practise Banking Abbreviations

Start with the key points, then take one Banking Abbreviations test without rushing. Review every explanation, note the steps you missed and repeat the topic against the clock. APTITUDE TESTER has 10 questions in 1 test for this topic.

  • Read the method before attempting a timed test.
  • Record mistakes by type: concept, calculation or time management.
  • Return to the hardest questions after a day and try them again.

Continue with another Banking topic when your accuracy is steady.

Banking Abbreviations online tests

Sample Banking Abbreviations questions

  1. 1. NEFT stands for
    1. National Electronic Finance Transfer
    2. National Exchange Funds Transfer
    3. Net Electronic Funds Transfer
    4. National Electronic Funds Transfer

    Reference: q-dfe33592-16 · Report this question

    Show answer and solution

    Answer: D. National Electronic Funds Transfer

    NEFT is the National Electronic Funds Transfer system.
  2. 2. RTGS stands for
    1. Real Transfer Gross System
    2. Real Time Gross Service
    3. Real Time Gross Settlement
    4. Rapid Transfer Gross Settlement

    Reference: q-8902a52f-16 · Report this question

    Show answer and solution

    Answer: C. Real Time Gross Settlement

    RTGS settles each transfer individually and immediately.
  3. 3. IFSC stands for
    1. Indian Financial System Code
    2. Indian Financial Service Code
    3. International Financial System Code
    4. Indian Fund Settlement Code

    Reference: q-5896a420-16 · Report this question

    Show answer and solution

    Answer: A. Indian Financial System Code

    IFSC is the 11-character code that identifies a bank branch.

See all the questions of Test 1

Banking Abbreviations: questions people ask

How many Banking Abbreviations questions are there?

There are 10 Banking Abbreviations questions in 1 test. Each test has its own page that lists the questions with their answers and solutions.

How long does a Banking Abbreviations test take?

A test of 10 questions has a time limit of 15 minutes, which is 90 seconds a question.

Is there negative marking?

Rules vary by set. The rules screen shows the time limit, marks, any wrong-answer penalty and calculator permission before you begin. Feedback mode has no time limit or negative marking.

Can I practise Banking Abbreviations without a time limit?

Yes. Choose practice mode: there is no clock, and the answer and solution appear as soon as you select an option.