Bank Interview Questions

Q:

The accounting process is correctly sequenced as

A) Identifying→recording→communicating B) Identifying→communicating→recording
C) Communicating→Recording→Identifying D) Recording→Communicating→Identifying
 
Answer & Explanation Answer: A) Identifying→recording→communicating

Explanation:
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Q:

Who is responsible to pay back all debts?

A) government B) spouse
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) government

Explanation:
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Q:

The balance of an account is determined by

A) Sum of credits and debits B) Difference of credits and debits
C) Product of credits and debits D) None of the above
 
Answer & Explanation Answer: B) Difference of credits and debits

Explanation:

The balance of an account is determined by the difference of credits amount and debits amount in the sheet.

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Q:

Devaluation of currency leads to

A) increase in domestic prices B) erratic fluctuations in domestic prices
C) fall in domestic prices D) no impact on domestic prices
 
Answer & Explanation Answer: A) increase in domestic prices

Explanation:
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Q:

The interest-rate effect suggests that

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.
 
Answer & Explanation Answer: A) an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.

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Q:

In which of the following cases will total revenue increase?

A) Price rises and demand is inelastic B) Price falls and supply is inelastic
C) Price rises and demand is elastic D) Price falls and demand is inelastic
 
Answer & Explanation Answer: A) Price rises and demand is inelastic

Explanation:

In the case of, "Price rises and demand is inelastic", the total revenue increases.

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Q:

Most financial investments are examples of what type of risk?

A) Credit risk B) Longevity risk
C) Human risk D) Inflation risk
 
Answer & Explanation Answer: C) Human risk

Explanation:

Most financial investments are examples of Human risk type of risks. Since, we humans invest in any kind of financial investments on our own risk expecting profits.

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0 1311
Q:

Public policy tools involve a combination of

A) equipment & penalties B) incentives & equipment
C) penalties & incentives D) All of the above
 
Answer & Explanation Answer: C) penalties & incentives

Explanation:
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