2
Q:

What have you learned from your studies that can be applied to a career in investment banking? 

Answer:



Q:

When an already listed organisation makes fresh issue of securities to the public, it is known as ________.

A) IPO B) Preferential Issue
C) Rights Issue D) FPO
 
Answer & Explanation Answer: D) FPO

Explanation:

FPO (Follow on Public Offer) is a process by which a company, which is already listed on an exchange, issues new shares to the investors or the existing shareholders, usually the promoters. FPO is used by companies to diversify their equity base. A follow-on public offer (FPO) is also called Further Public Offer.

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

2 1
Q:

Which Bank has been given scheduled bank status by RBI  ?

A) Disha B) Suryoday
C) Janalakshmi D) Ujjivan
 
Answer & Explanation Answer: D) Ujjivan

Explanation:

Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI.

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

5 97
Q:

In which year SBI was Nationalised ?

A) 1995 B) 1955
C) 1980 D) 1969
 
Answer & Explanation Answer: B) 1955

Explanation:

The nationalisation of banks in India took place in 1969 by Mrs. Indira Gandhi the then prime minister. It nationalised 14 banks then. These banks were mostly owned by businessmen and even managed by them. Before the steps of nationalisation of Indian banks, only State Bank of India (SBI) was nationalised. It took place in July 1955 under the SBI Act of 1955.

Nationalisation of Seven State Banks of India (formed subsidiary) took place on 19th July, 1960.

1955 : Nationalisation of State Bank of India.
1969 : Nationalisation of 14 major banks.
1980 : Nationalisation of seven banks with deposits over 200 crores.

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

4 134
Q:

NPA in banking terminology implies ______.

A) Net Performing Assets B) New Performing Assets
C) Non-Performing Assets D) New Pension Act
 
Answer & Explanation Answer: C) Non-Performing Assets

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

5 91
Q:

RBI controls the commercial banks through

A) Calling for returns and other information B) Periodic inspection of banks
C) Follow up action D) All of the above
 
Answer & Explanation Answer: D) All of the above

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

5 59