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Q:

What is CRR rate? 

Answer:



Q:

What is the minimum period of time for which one can open an FD(Fixed Deposit) account ? 

A) 15 days B) 6 months
C) 7 days D) 1 year
 
Answer & Explanation Answer: C) 7 days

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

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Q:

What does Earned Income Tax Credit (EITC) means ?

Answer

The United States Federal Earned Income Tax Credit (EITC) is a refundable tax credit, that helps low and medium - income individuals and couples, primarily for those who have qualifying children. 

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Q:

The total sum of the goods and services produced in a country in a year, minus depreciation is called as ________.

A) Net Domestic Product B) Gross National Income
C) Gross Domestic Product D) Net National Product
 
Answer & Explanation Answer: A) Net Domestic Product

Explanation:

Gross Domestic Product : 

It is the total value of all final goods and services produced within the boundary of country during the given period of time. 

Gross National Product :

It is the total value of the total output or production of final goods and services produced by the nationals of a country during a given period of time. 

Gross National Income : 

It is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents.

Net National Product :

The total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.

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Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :

A) Mutual Fund B) Income Tax
C) Stock Exchange D) Banking
 
Answer & Explanation Answer: D) Banking

Explanation:
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Exam Prep: Bank Exams , CAT
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Q:

 Which is the largest foreign bank in India   ?

A) HDFC Bank B) American Express Bank Ltd
C) DBS Bank Ltd D) Standard Chartered Bank
 
Answer & Explanation Answer: D) Standard Chartered Bank

Explanation:

Standard Chartered Bank 
Standard Chartered Bank have been operating in India since 1858.

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Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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