What Does Rac Stand for in Banking
This article will provide you all possible RAC full forms and their meanings in detail. To understand it in detail you have to read this article carefully till the end. Do you know, the RAC term is not limited to one field or sector? But it is used in railway, mechanical engineering, banking, research, conditioner, ITI, etc. Below we are going to learn and understand the full forms and meanings of the RAC term in the above-mentioned fields and sectors individually. Now, let us move on to the main topic and learn the meanings of the RAC and understand what is the RAC full form?
RAC Full Form
The fullform of the RAC is the Reservation Against Cancellation
R – Reservation
A – Against
C – Cancellation
The RAC means the Reservation Against Cancellation, in which the passenger is allowed to travel or two passengers share the same seat of the train. According to the IRCTC, if the passenger has confirmed reservation but does not board the train, then a full berth is allotted to the passenger with a RAC ticket.
RAC Full Form In Railway
The full form of the RAC in the railway is the Reservation Against Cancellation
R – Reservation
A – Against
C – Cancellation
In the railway, the RAC refers to the Reservation Against Cancellation, which is a ticket on the waiting list and its progress depends on the cancellations.
RAC Full Form In Train Ticket
The full form of the RAC in the train ticket is the Reservation Against Cancellation
R – Reservation
A – Against
C – Cancellation
In the train ticket, the RAC means the Reservation Against Cancellation and it gets confirmed only when there is a cancellation.
RAC Full Form In Engineering
The full form of the RAC in engineering is the Refrigeration and Air Conditioning
R – Refrigeration
A – Air
C – Conditioning
RAC Full Form In Mechanical Engineering
The full form of the RAC in mechanical engineering is the Refrigeration and Air Conditioning
R – Refrigeration
A – Air
C – Conditioning
RAC Full Form In Banking
The full form of the RAC in banking is the Risk-Adjusted Capital
R – Risk
A – Adjusted
C – Capital
In banking, the RAC refers to t he Risk-Adjusted Capital, which is a ratio for the banks, and found a sharp disparity between this and their regulatory tier-one ratio.
RAC Full Form In Axis Bank
The full form of the RAC in Axis bank is the Retail Asset Centre
R – Retail
A – Asset
C – Centre
RAC Full Form In Research
The full form of the RAC in the research is the Research Advisory Committee
R – Research
A – Advisory
C – Committee
In the research, the RAC means the Research Advisory Committee is a resource for the students to meet with tremendous faculty members and update them on their research progress.
RAC Full Form In Conditioner
The full form of the RAC in conditioner is the Refrigeration and Air Conditioning
R – Refrigeration
A – Air
C – Conditioning
RAC Full Form In ITI
The full form of the RAC in the ITI is the Refrigeration and Air Conditioning
R – Refrigeration
A – Air
C – Conditioning
RAC Stands For
The RAC stands for the Reservation Against Cancellation
R – Reservation
A – Against
C – Cancellation
FAQ
Can RAC Ticket Be Confirmed?
If there is a cancellation, then and then only the RAC ticket may get confirmed and its progress depends on cancellations.
Which Is Better RAC Or WL?
The RAC stands for the Reservation Against Cancellation and it is better than WL which stands for the Wait List.
How Many RAC Are There In Sleeper Class?
In the sleeper class, a total of five RAC berths are there.
Conclusion
From the above article, I have concluded that this article provides all important information regarding the RAC term. The RAC stands for the Reservation Against Cancellation and it is the train ticket and its confirmation depends upon the cancellation. If you have a RAC ticket, then you can check its progress online on the IRCTC application. Above, I have given answers to some frequently asked questions by users. Now, you become more confident about the RAC term, and from now on you can give answers to any question regarding the RAC term and the RAC full form.
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What Does Rac Stand for in Banking
Source: https://askcorran.com/rac-full-form/
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