The interest-rate effect suggests that

Q:

A debit may signify an

A) Increase in asset account	B) Decrease in asset account
C) Increase in liability account	D) Increase in capital account

Answer & Explanation Answer: A) Increase in asset account

Explanation:

A debit can signify an increase in asset, an expense, and the owner's drawings. A debit can also signify a decrease in a liability, revenues and owner's equity.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: Bank Exams

22 14662

Q:

Loan and Advances of a bank come under the category of______________.

A) Deposits	B) Expenditure
C) Liabilities	D) Assets

Answer & Explanation Answer: D) Assets

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview

20 16393

Q:

State Bank of India recently launched 'SBI Exclusif'. It is a ____ product.

A) Wealth Management	B) Loan
C) Mutual Fund	D) Insurance

Answer & Explanation Answer: A) Wealth Management

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: Bank Exams
Job Role: Bank PO

19 14797

Q:

Headquarters of State Bank of India is in

A) Noida	B) Mysore
C) Mumbai	D) Hyderabad

Answer & Explanation Answer: C) Mumbai

Explanation:

State Bank of India (SBI) is the largest public sector banks in India. It was the first bank established in India as Bank of Calcutta in 1806 and then Imperial Bank of India and then it became State Bank of India on 1st July 1955. The Headquarters of State Bank of India is in Mumbai, Maharashtra.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

25 15456

Q:

Which of the following terms is not used in banking sector?

A) Daily Product Basis	B) Remittancel
C) Cash Reserve	D) Actuary

Answer & Explanation Answer: D) Actuary

Explanation:

Actuary is the term which is not used in banking sector.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

6 3435

Q:

Foreign Exchange Rates refer to the

Answer

A foreign exchange rate is the price of the domestic currency stated in terms of another currency.

Workspace

Report Error

View answer Workspace Report Error Discuss

Subject: Bank Interview Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

7 15259

Q:

Financial statements are prepared from which trial balance?

A) Unadjusted trial balance	B) Adjusted trial balance
C) Post- closing trial balance	D) None of the above

Answer & Explanation Answer: B) Adjusted trial balance

Explanation:

Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

7 15097

Q:

Commercial banks are funded through which of the following?

A) Customer deposits	B) Services
C) Stock holders	D) Government funding

Answer & Explanation Answer: A) Customer deposits

Explanation:

A commercial bank is a financial body which performs the functions of accepting deposits from the general public and giving short term loans for investment with the aim of earning profit.

Report Error

View Answer Report Error Discuss

Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

5 15169

A) an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.	B) a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending
C) an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending.	D) an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending.

Quick Links