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Q:

What is the difference between Private bank and Nationalized bank? 

Answer:



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

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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

10 258
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

10 290
Q:

Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

A) Janalakshmi B) Utkarsh
C) Suryoday D) None
 
Answer & Explanation Answer: C) Suryoday

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

4 172
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

4 210