Questions on Basic Terminology of IP Modernisation Project Exercise - 16
151. What does "AO" refer to in banking?
A) Account Operations B) Additive Outliers C) Asset Optimization D) Annual Obligations
152. "AR" stands for?
A) Account Receivable B) Asset Recovery C) Auto Regression D) Annual Return
153. What is "ATM" an acronym for in the context of banking?
A) Automated Teller Machine B) Asynchronous Transfer Mode C) Automated Transaction Manager D) Account Transfer Mechanism
154. "BIS" stands for?
A) Bank for International Standards B) Bank for International Settlements C) Business Information System D) Banking Investment Services
155. What does "BoP" represent?
A) Balance of Payments B) Bank of Projects C) Base of Profits D) Business Operations
156. "BSCS" refers to?
A) Basel Committee of Banking Supervision B) Banking Sector Control System C) Business Strategy and Control System D) Bank Supervision and Compliance Standards
157. What is the full form of "BSR"?
A) Basic Statistical Returns B) Bank Statement Report C) Business Service Records D) Balance Sheet Review
158. "CAD" in banking terms means?
A) Capital Account Deficit B) Current Account Deposit C) Credit Advance Department D) Cash Account Details
159. What does "CAG" stand for?
A) Chief Accounting Group B) Controller and Auditor General of India C) Capital Allocation Guide D) Central Audit Group
160. "CC" in banking is short for?
A) Current Charges B) Cash Credit C) Credit Card D) Capital Contribution
Note: Answers will not be given immediately. Do exercise of the above questions. Discuss among yourselves in the groups if you are having any doubts. Answers will be supplied later
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