Glossary – Multiple Choice Questions (MCQs)

1. 37. What does the financial term 'KYC' mean?

   • A. Know Your Customer
   • B. Keep Your Cash
   • C. Key Yield Certificate
   • D. Knowledge Year Card

2. 38. What does the financial term 'EMI' mean?

   • A. Equal Money Index
   • B. Electronic Money Instruction
   • C. Equated Monthly Installment
   • D. Early Money Interest

3. 39. What does the financial term 'IFSC' mean?

   • A. Indian Fund Settlement Code
   • B. India Finance Safe Code
   • C. Indian Financial System Code
   • D. Instant Fund Source Code

4. 40. What does the financial term 'NEFT' mean?

   • A. National Electronic Funds Transfer
   • B. New Electronic Fund Test
   • C. Normal EFT
   • D. None

5. 41. What does the financial term 'RTGS' mean?

   • A. Real Time Gross Settlement
   • B. Rapid Transfer Go Service
   • C. Retail Transaction Government System
   • D. Ready Transfer Great Service

6. 42. What does the financial term 'SWIFT' mean?

   • A. Society for Worldwide Interbank Financial Telecommunication
   • B. Smart Web Interface for Transfers
   • C. Systematic Wallet Interface
   • D. Secure Wire Funds

7. 43. What does the financial term 'Debit Card' mean?

   • A. Borrowed card
   • B. Prepaid card
   • C. Bank payment card
   • D. Loan card

8. 44. What does the financial term 'Credit Card' mean?

   • A. Loan card
   • B. Cash card
   • C. EMI card
   • D. Deferred payment card

9. 45. What does the financial term 'Standing Instruction' mean?

   • A. Loan rule
   • B. Fixed payment order
   • C. Withdrawal limit
   • D. Deposit limit

10. 46. What does the financial term 'Nominee' mean?

    • A. Account holder
    • B. Beneficiary
    • C. Bank staff
    • D. Legal advisor

11. 47. What does the financial term 'SWOT' mean?

    • A. Strength Weakness Opportunities Threat
    • B. Savings With Others Trust
    • C. Smart Web Operation Tools
    • D. Secure World Of Trade

12. 48. What does the financial term 'PAN' mean?

    • A. Permanent Account Number
    • B. Primary Asset Note
    • C. Personal Access Number
    • D. Post Acknowledgement Number