Banking Abbreviations

1.What is the full form of “MEDP”?
a.
b.
c.
d.

Option”D” is correct

The Multinational Design Evaluation Programme (MDEP) is one of the most ambitious initiatives taken at multinational level to develop approaches to combine resources and knowledge of the national regulatory authorities who will be undertaking the regulatory review of new reactor power plant designs.

2.What is the full form of “LBS”?
a.
b.
c.
d.

Option”A” is correct

The Locational Banking Statistics provide comprehensive and consistent data on asset and liability positions of all reporting banks resident in Ireland.

3.What is the full form of “ICFAI”?
a.
b.
c.
d.

Option”D” is correct

The Institute of Chartered Financial Analysts of India (ICFAI) is a not-for-profit Society registered under the Andhra Pradesh (Telangana Area) Public Societies Registration Act, 1350 Fasli (Act I of 1350 F). Established in the year 1984 with an objective of imparting world-class high quality education. ICFAI has around three decades of exemplary track record in the field of higher education. It launched the certification program for Financial Analysts, the CFA Program in 1985 and has been instrumental in developing a new generation of professionals in India.

4.What is the full form of “IIBI”?
a.
b.
c.
d.

Option”D” is correct

The Industrial Investment Bank of India (IIBI) was a government of India-owned financial investment institution that operated from its inception in 1971 until it was closed down by the Indian government in 2012.

5.What is the full form of “IIFT”?
a.
b.
c.
d.

Option”B” is correct

The Indian Institute of Foreign Trade was established in 1963 as an autonomous body under the Ministry of Commerce & Industry to contribute in the skill building for the external trade sector of India. It offers research and training in international business and trade.

6.What is the full form of “CD Ratio”?
a.
b.
c.
d.

Option”C” is correct

The CD ratio refers to the credit-deposit ratio in banking parlance. It tells us how much of the money banks have raised in the form of deposits has been deployed as loans.

7.What is the full form of “BIS”?
a.
b.
c.
d.

Option”D” is correct

The Bank for International Settlements (BIS) is an international financial institution owned by central banks that “fosters international monetary and financial cooperation and serves as a bank for central banks”.

8.What is the full form of “BoP”?
a.
b.
c.
d.

Option”B” is correct

The balance of payments (BOP) is an accounting of a country’s international transactions for a particular time period. Any transaction that causes money to flow into a country is a credit to its BOP account, and any transaction that causes money to flow out is a debit.

9.What is the full form of “ADB”?
a.
b.
c.
d.

Option”D” is correct

The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members.

10.What is the full form of “AMEX”?
a.
b.
c.
d.

Option”A” is correct

The American Express Company (AmEx) is a multinational financial services corporation headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company’s logo, adopted in 1958, is a gladiator or centurion whose image appears on the company’s well-known traveler’s cheques, charge cards, and credit cards.