Important Abbreviations Questions and Answers

Answer: A

Correct answer: Uniform Balance Book

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

Answer: D

Correct answer: Business Process Outsourcing

BPO is contracting a business function - payroll, support, claims processing - to an outside provider.

Answer: D

Correct answer: Educational and Research Network

ERNET is the Indian academic and research network, begun in 1986.

Answer: B

Correct answer: American Institute Of Aeronautics And Astronautics

AIAA is the professional society for aerospace engineering in the United States.

Answer: B

Correct answer: Comprehensive Test Ban Treaty

The CTBT would prohibit all nuclear explosions; it was opened for signature in 1996 but has not entered into force.

Answer: C

Correct answer: Compact Disc Read-Only Memory

A CD-ROM is pressed with its data at manufacture and can only be read.

Answer: B

Correct answer: Audio Video Interleave

AVI is Audio Video Interleave, Microsoft's container format. The name records how it works: the audio and video are stored in alternating chunks so that both can be read as the file is played.

Answer: A

Correct answer: Core Banking Solution

CBS in the technology sense is the Core Banking Solution - the central system that lets a customer's account be reached from any branch.

Answer: D

Correct answer: Brazil, Russia, India and China

BRIC is the grouping of Brazil, Russia, India and China, named in 2001 for the large economies then growing fastest; South Africa joined later, making BRICS.

Answer: B

Correct answer: Postal Index Number

The PIN code is the six-digit Postal Index Number used to sort mail in India.