Discussion
What is the full form of "UCN"?
Answer: A
Correct answer: Uniform Code Number
A uniform code number is an identifier allotted so that a bank or an office can be referred to consistently across the Reserve Bank's returns and reporting systems.
Codes of this kind are the backbone of financial reporting, because names are neither unique nor stable while a code allotted once and never reused is both. The same principle produces IFSC for a bank branch, MICR for a cheque-processing location and SWIFT BIC for an institution internationally - each solving the identification problem in its own domain.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development