Important Abbreviations Questions and Answers

Correct answer: Debt Recovery TribunalsDRTs were set up under the 1993 Act to speed the recovery of debts owed to banks.

Correct answer: Uniform Balance BookThe UBB is the standard format in which cooperative banks record their balances.

Correct answer: External Commercial BorrowingECB is borrowing raised by an Indian entity from a foreign lender, within limits set by the RBI.

221.

What is the full form of "DRT"?

Answer: A

Correct answer: Debt Recovery Tribunals

DRTs were set up under the 1993 Act to speed the recovery of debts owed to banks.

222.

What is the full form of "UBB"?

Answer: A

Correct answer: Uniform Balance Book

The UBB is the standard format in which cooperative banks record their balances.

223.

What is the full form of "ECB"?

Answer: C

Correct answer: External Commercial Borrowing

ECB is borrowing raised by an Indian entity from a foreign lender, within limits set by the RBI.