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Banking Abbreviations Quiz: 10 Full Forms for Bank Exams

Written by the Quizzeela team
Last checked · 10 questions · Easy

Full forms are easy marks in bank exams, if you know them. Test yourself on 10 common banking abbreviations.

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1NPA stands for:

  1. New Pension Account
  2. Net Profit Account
  3. National Payment Authority
  4. Non-Performing Asset
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Answer: D. Non-Performing Asset. A Non-Performing Asset is a loan on which repayments have stopped, usually for 90 days or more.

2CASA stands for:

  1. Cash And Securities Account
  2. Current Account Savings Account
  3. Central Account Settlement Authority
  4. Credit And Savings Agreement
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Answer: B. Current Account Savings Account. CASA deposits are low-cost money for banks, so a high CASA ratio is good for a bank.

3SLR stands for:

  1. Statutory Liquidity Ratio
  2. Standard Lending Rate
  3. State Liquidity Reserve
  4. Savings Loan Ratio
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Answer: A. Statutory Liquidity Ratio. Statutory Liquidity Ratio is the share of deposits banks must keep in liquid assets like government securities.

4NABARD stands for:

  1. New Agricultural Bank for Rural Districts
  2. National Banking and Rural Department
  3. National Bank for Agriculture and Rural Development
  4. National Board of Agricultural Research and Development
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Answer: C. National Bank for Agriculture and Rural Development. NABARD, set up in 1982, finances agriculture and rural development.

5SIDBI stands for:

  1. Social Infrastructure Development Bank of India
  2. Savings and Investment Development Bank of India
  3. State Industrial Development Bank of India
  4. Small Industries Development Bank of India
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Answer: D. Small Industries Development Bank of India. SIDBI supports micro, small and medium enterprises (MSMEs).

6MICR stands for:

  1. Micro Credit Record
  2. Magnetic Ink Character Recognition
  3. Main Interbank Credit Rate
  4. Money Instrument Clearing Register
Show answer
Answer: B. Magnetic Ink Character Recognition. MICR is the magnetic ink line on cheques that machines read for faster clearing.

7NBFC stands for:

  1. Net Banking Fee Charge
  2. New Business Funding Corporation
  3. National Bank of Finance and Credit
  4. Non-Banking Financial Company
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Answer: D. Non-Banking Financial Company. NBFCs lend and invest like banks but cannot accept demand deposits like savings accounts.

8NACH stands for:

  1. New Automated Cash Hub
  2. Net Account Credit Holder
  3. National Account Cheque Handling
  4. National Automated Clearing House
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Answer: D. National Automated Clearing House. NACH, run by NPCI, handles bulk payments like salaries and EMI auto-debits.

9ATM stands for:

  1. Any Time Money
  2. Account Transfer Mode
  3. Automated Teller Machine
  4. Automatic Transfer Machine
Show answer
Answer: C. Automated Teller Machine. Automated Teller Machine, though "Any Time Money" is a popular joke.

10FDI stands for:

  1. Fund Distribution Initiative
  2. Fixed Deposit Interest
  3. Foreign Direct Investment
  4. Financial Development Index
Show answer
Answer: C. Foreign Direct Investment. Foreign Direct Investment is investment by a foreign company to own or control a business in India.
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Sources: Reserve Bank of India glossary. Found a mistake? Use "Report a mistake" in the timed quiz.