Some abbreviations:

AEPS – Aadhaar Enable Payment System
APBS -Aadhaar Payments Bridge System
A/c – Account
ATM – Automated Teller Machine
BSBDA – Basic Savings Bank Deposit Account

BC – Business Correspondent
BCA – Business Correspondent Agent
CTS – Cheque Truncation System
CEO- Chief Executive Officer
CGM -Chief General Manager
CBS- Core Banking Solution
DEITY -Department of Electronics and Information Technology

DBT -Direct Benefit Transfer
DBTL -Direct Benefit Transfer to LPG Consumer
DAVP- Directorate of Advertising and Visual Publicity

DDM -District Development Manager
EBT -Electronic Benefit Transfer
ECS -Electronic Clearing Service
FIF -Financial Inclusion Fund
FLCC -Financial Literacy and Credit Counselling Centre

FLC -Financial Literacy Centre
GCC- General Credit Card
HUPA -Housing and Urban Poverty Alleviation
IMPS -Immediate Payment Service
IRAC -Income Recognition and Asset Clasification
IBA- Indian Banks’ Association
IIBF -Indian Institute of Banking & Finance
IDRBT -Institute for Development & Research in Banking Technology

IRDAI -Insurance Regulatory and Development Authority of India

IMPS- Interbank Mobile Payment Service
JLG -Joint Liability Group
KCC -Kisan Credit Card
KYC -Know Your Customer
LDM -Lead District Manager
LIC -Life Insurance Corporation of India
MGNREGA -Mahatma Gandhi National Rural Employment Guarantee Act

MoRD -Ministry of Rural Development
MBPIN -Mobile Banking PIN
MMID -Mobile Money Identifier
NABARD -National Bank for Agriculture and Rural Development

NEFT -National Electronic Funds Transfer
NPCI -National Payments Corporation of India
NRLM -National Rural Livelihoods Mission
NUUP- National Unified USSD Platform

Part 2 :- https://reflectu.in/iibf-exam-question-part-2/


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