BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the full form of ‘FINO’, a term we see frequently in financial newspapers?
A
Financial Investment Network and Operations
B
Farmer’s Investment in National Organization
C
Farmers Inclusion News and Operations
D
Financial Inclusion Network and Operations
Explanation: 

Detailed explanation-1: -Financial Information Network & Operations provides technology and operational solutions to financial institutions. Hence, correct answer is option A.

Detailed explanation-2: -It is an acronym for first in, never out as opposed to traditional first in, first out (FIFO) and last in, first out (LIFO) algorithms. A similar acronym is “FISH", for first in, still here. FINO works by withholding all scheduled tasks permanently.

Detailed explanation-3: -Raymond Roy : 5 years ago. Financial Inclusion Network and Operations.

Detailed explanation-4: -UPSC Mains. Q. What is the full form of FINO? Notes: Financial Inclusion Network and Operations (FINO), based in the financial capital of India, is an integrated technology platform and delivery channel, enabling sourcing and servicing micro customers on a large scale.

Detailed explanation-5: -Fino Payments Bank Limited operates as a bank. The Bank offers saving accounts, loans, debit, credit cards, insurance, investments, mortgages, and online banking services. Fino Payments Bank serves customers in India.

There is 1 question to complete.