Bank Interview Questions

Q:

Interest is usually associated with

A) doubtful accounts B) bad debts
C) accounts receivable D) notes receivable
 
Answer & Explanation Answer: D) notes receivable

Explanation:

Interest is usually associated with notes receivable.

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Q:

Patents, Copyrights and Trademarks are examples of

A) Short-term investments B) Fixed assets
C) Long-term investments D) Intangible assets
 
Answer & Explanation Answer: D) Intangible assets

Explanation:

Intangible asset that consists of original creative work manifested in a tangible form that can be legally protected. Intellectual property consists of copyrights, patents, trade-marks and trade secrets. Examples include literary or artistic works, business methods and industrial processes.

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Q:

On what basis currency value depends?

A) inflation B) employment
C) imports and exports D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

In economy, the currency value depends on imports and exports, inflation, employment, interest rates, growth rate, trade deficit, performance of equity markets, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices.

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Q:

Job cost sheets constitute the subsidiary ledger for the

Answer

The job cost sheets constitute the subsidiary ledger for the Work in Process Inventory Account.


A job cost sheet is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job. Companies keep a separate job cost sheet for each job.

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Subject: Bank Interview Exam Prep: Bank Exams , CAT
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Q:

Smart money is a term used for

A) Credit cards B) Cash with bank
C) Cash with public D) Internet banking
 
Answer & Explanation Answer: A) Credit cards

Explanation:

Smart money is a term used for credit card.

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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:
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Q:

When a debtor owes several debts to a banker and makes a payment, the right of appropriation lies with

A) The Court B) The Banker
C) The Debtor D) All the above
 
Answer & Explanation Answer: C) The Debtor

Explanation:
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Q:

Automatic stabilizers refer to

A) government spending and taxes that automatically increase or decrease along with the business cycle. B) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives.
C) changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives. D) the money supply and interest rates that automatically increase or decrease along with the business cycle.
 
Answer & Explanation Answer: A) government spending and taxes that automatically increase or decrease along with the business cycle.

Explanation:
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