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1.  
NCMC stands for:

Correct Answer: E [National Common Mobility Card]

Explanation:

National Common Mobility Card – one card for transit and retail.

2.  
IFSC stands for:

Correct Answer: A [Indian Financial System Code]

Explanation:

Indian Financial System Code – 11 characters.

3.  
NSFR stands for:

Correct Answer: C [Net Stable Funding Ratio]

Explanation:

NSFR – Net Stable Funding Ratio; Basel III one-year funding test.

4.  
MCLR stands for:

Correct Answer: B [Marginal Cost of Funds based Lending Rate]

Explanation:

MCLR – Marginal Cost of Funds based Lending Rate; internal benchmark for loans.

5.  
AePS stands for:

Correct Answer: D [Aadhaar enabled Payment System]

Explanation:

AePS – Aadhaar enabled Payment System; NPCI; Aadhaar + biometrics at a micro-ATM.

6.  
BHIM stands for:

Correct Answer: E [Bharat Interface for Money]

Explanation:

BHIM – Bharat Interface for Money; NPCI's UPI app.

7.  
CRAR stands for:

Correct Answer: D [Capital to Risk-weighted Assets Ratio]

Explanation:

CRAR – Capital to Risk-weighted Assets Ratio; also called capital adequacy ratio (CAR).

8.  
ASBA stands for:

Correct Answer: B [Application Supported by Blocked Amount]

Explanation:

ASBA – Application Supported by Blocked Amount; money blocked, not debited, in an IPO.

9.  
MIGA stands for:

Correct Answer: C [Multilateral Investment Guarantee Agency]

Explanation:

MIGA – Multilateral Investment Guarantee Agency; World Bank Group – political-risk insurance.

10.  
FCNR(B) stands for:

Correct Answer: A [Foreign Currency Non-Resident (Bank)]

Explanation:

FCNR(B) – Foreign Currency Non-Resident (Bank); term deposit in foreign currency.

11.  
MSF stands for:

Correct Answer: E [Marginal Standing Facility]

Explanation:

MSF – Marginal Standing Facility; overnight emergency borrowing by banks.

12.  
NACH stands for:

Correct Answer: D [National Automated Clearing House]

Explanation:

NACH – National Automated Clearing House; bulk credits and debits (salary, EMI).

13.  
CERSAI stands for:

Correct Answer: C [Central Registry of Securitisation Asset Reconstruction and Security Interest of India]

Explanation:

CERSAI – Central Registry of Securitisation Asset Reconstruction and Security Interest of India; keeps the CKYC records.

14.  
NaBFID stands for:

Correct Answer: A [National Bank for Financing Infrastructure and Development]

Explanation:

NaBFID – National Bank for Financing Infrastructure and Development; infrastructure DFI (NaBFID Act, 2021).

15.  
PMSBY stands for:

Correct Answer: B [Pradhan Mantri Suraksha Bima Yojana]

Explanation:

Suraksha Bima – accident cover ₹ 2 lakh.

16.  
Which payment system is operated by the RBI?

Correct Answer: C [NEFT]

Explanation:

RBI runs NEFT and RTGS; NPCI the rest.

17.  
CKYC records are kept by:

Correct Answer: D [CERSAI]

Explanation:

CERSAI – Central Registry of Securitisation Asset Reconstruction and Security Interest of India.

18.  
CASA stands for:

Correct Answer: A [Current Account Savings Account]

Explanation:

Current Account Savings Account – the low-cost deposits of a bank.

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