Banking Abbreviations MCQ questions and answers | GK Abbreviations

UTI is an abbreviation for Unit Trust of India. Unit Trust of India was first set up on February 1, 1964. It was set up under the act of Unit Trust of India Act in 1963. UTI is a statutory public sector investment institution that has the main objective to encourage as well as to mobilize the savings of the community. It then canalizes them into productive cooperative investments.

The urban cooperative banks (UCBs) are largely localised financial service providers, and have been in existence for over a century. Their niche is in catering to the lower middle class and people of limited means, self-employed and micro enterprises.

The Urban Banks Department of the Reserve Bank of India is vested with the responsibility of regulating and supervising primary (urban) cooperative banks, which are popularly known as Urban Cooperative Banks (UCBs).

The State Cooperative Bank is a federation of the central Cooperative Bank and act as Custodian of the cooperative banking structure in the state.

The Reserve Bank of India (RBI) is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran is one of the specialised divisions of RBI through which it mints Indian bank notes and coins.

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.

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

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.

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.

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.