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Q:

What is overdraft protection? 

Answer:



Q:

As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio between authorized, subscribed and paid-up capital of a banking company should be

A) 2 : 2 : 1 B) 4 : 2 : 1
C) 2 : 1 : 4 D) 1 : 1 : 1
 
Answer & Explanation Answer: B) 4 : 2 : 1

Explanation:

As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio should be 4:2:1.

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

2 34
Q:

Which of the following is the oldest Joint Stock Bank of India  ?

A) Patiala Bank B) Punjab National Bank
C) Bank of India D) Allahabad Bank
 
Answer & Explanation Answer: D) Allahabad Bank

Explanation:

Oldest Joint Stock bank of India was Bank of Upper India that was established in 1863. But this bank failed in 1913. India's Oldest Joint Stock Bank which is still working is Allahabad Bank. It is also known as India's oldest public sector bank.

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

1 51
Q:

In which year, the first bank of India "Bank of Hindustan" was established ?

A) 1677 B) 1770
C) 1796 D) 1831
 
Answer & Explanation Answer: B) 1770

Explanation:

Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829-32.

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

2 55
Q:

Explain What is the difference between debenture holders and creditors ?

Answer

Debenture holder are those who provides long term loan at specific interest rate in term of cash and creditor provides only short term credit in term of cash for purchasing of goods.

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1 20
Q:

Define Budgetary Control ?

Answer

Budgetary Control is establishment of budgets and the continuous comparison of actual results with the planned results. It computes the variances and after that management takes necessary actions to maintain favorable variations, through revision of the budgets.

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Subject: Bank Interview - Accounting and Finance Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk

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