Interview Questions

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.

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

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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.

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

1 122
Q:

Comments are

A) Explain program logic B) Non Executable statements in program
C) Both A & B D) Executable statements in program
 
Answer & Explanation Answer: C) Both A & B

Explanation:

Comments are Non Executable statements in program & Explain program logic.

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Filed Under: Application Development - Technology
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Managerial accounting information is generally prepared for

A) creditors B) regulatory agencies
C) shareholders D) managers
 
Answer & Explanation Answer: D) managers

Explanation:

Managerial accounting information is generally prepared for managers of an organization. It is also known as cost accounting, is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an organization's goals. 

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

2 68
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.

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Q:

The primary purpose of life insurance is to provide

A) Safe investment avenue B) financial protection to surviving dependents after the death of an insured
C) Tax rebates D) Wealth accumulation
 
Answer & Explanation Answer: B) financial protection to surviving dependents after the death of an insured

Explanation:

The primary purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.

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Q:

Managerial Accounting is also called

A) Control accounting B) Management accounting
C) Cost accounting D) Both B & C
 
Answer & Explanation Answer: D) Both B & C

Explanation:

Managerial Accounting is also called as Management accounting or Cost accounting. It is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers of an organization. Then that managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.

 

managerial_accounting_is_also_called1561444774.jpg image

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Q:

What is meant by a dedicated computer?

A) Which is assigned one and only one task B) Which is meant for application software
C) Which is used by one person only D) Which uses one kind of software
 
Answer & Explanation Answer: A) Which is assigned one and only one task

Explanation:

What_is_meant_by_a_dedicated_computer1560341069.jpg image

It is a single computer in a network reserved for serving the needs of the network.

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