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Q:

What are the types of accounts in banks? 

Answer:



Q:

Bank Reconciliation Statement is prepared by

Answer

The Accountant typically prepares the Bank Reconciliation Statement using all transactions.


 


Bank Reconciliation Statement :


Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a company and the cash balance according to its bank statement. This statement can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger.

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5 61
Q:

Expand CAR, in Banking Terminology?

A) Current Applicable Ratio B) Capital Adequacy Ratio
C) Capital Available Request D) Compiled Acquired Ratio
 
Answer & Explanation Answer: B) Capital Adequacy Ratio

Explanation:

Capital Adequacy Ratio (CAR) is also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk.

 

1. The capital adequacy ratio (CAR) is a measure of a bank's capital.

2. It is used to protect depositors and promote the stability and efficiency of financial systems around the world.

3. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

4 128
Q:

When a debtor owes several debts to a banker and makes a payment, the right of appropriation lies with

A) The Court B) The Banker
C) The Debtor D) All the above
 
Answer & Explanation Answer: C) The Debtor

Explanation:
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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

4 80
Q:

Which payment method typically charges the highest interest rates?

A) Credit cards B) Payday loans
C) Cashier's checks D) Pre-paid cards
 
Answer & Explanation Answer: B) Payday loans

Explanation:

Both Credit cards and Payday loans payment methods typically charges the highest interest rates. When compared Payday loans seems to charge a little bit higher interest rates than Credit Cards interest rates.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

3 196
Q:

Disinvestment means-

A) To reduce government share in the FDI B) To reduce the government share in the public sector
C) To reduce government share in Market D) To reduce the government share in the private sector
 
Answer & Explanation Answer: B) To reduce the government share in the public sector

Explanation:

Disinvestment is the action of an organization or government selling or liquidating an asset or subsidiary.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

8 216
Q:

Which Bank has obtained RBI approval to open representative offices in Kuwait and Singapore?

A) SBI B) Federal Bank
C) HDFC D) ICICI
 
Answer & Explanation Answer: B) Federal Bank

Explanation:

Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore.

The bank has been the preferred banker for NRI's and the NRI friendly measures have resulted in increasing inflow of foreign remittances.

The bank already has its representative offices in Abu Dhabi and Dubai and it has tied up with 110+ overseas banks/remittance partners.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

6 362
Q:

The threshold limit upto which coins can be issued as per the Coinage Act 2011 ? 

A) 100 B) 200
C) 500 D) 1000
 
Answer & Explanation Answer: D) 1000

Explanation:
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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

10 491
Q:

Which Bank has acquired payments wallet Freecharge for Rs. 373 crore in an all-cash deal ?

A) HDFC Bank B) Karnataka Bank
C) ICICI Bank D) Axis Bank
 
Answer & Explanation Answer: D) Axis Bank

Explanation:
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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

11 571