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 Bank Interview Questions

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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.

Explanation:
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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:

In a fractional reserve banking system

A) bank accepts deposits B) bank accepts some loans
C) bank has some cash reserves D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Fractional reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.

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

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Q:

An increase in the price of product A will

A) reduce the demand for resources used in the production of A. B) reduce the demand for substitute product B
C) increase the demand for complementary product C. D) increase the demand for substitute product B.
 
Answer & Explanation Answer: D) increase the demand for substitute product B.

Explanation:

If the price of a product rises, the demand for the substitute product increases.

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

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Q:

Which of the following most impacts your credit score?

A) Payment History B) Paying off your credit card bill
C) credit card bill due D) All of the above
 
Answer & Explanation Answer: B) Paying off your credit card bill

Explanation:

Paying off your credit card bill most impacts your credit score.

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

0 1739
Q:

The credit balance in the bank account is

A) amount liable to pay by bank B) amount liable to pay by customer
C) Both A + B D) None of the above
 
Answer & Explanation Answer: A) amount liable to pay by bank

Explanation:

Bank credit balance meant that the banker is laible to paid us.

And if we have a credit balance accouding to bank statement is mean we have " cash at bank" and in our book we show in the assets side but bank show laiblities side.

 

Hence, The credit balance in the bank account is the amiunt we have in our account and we are eligible to withdraw that.

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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:

The internal rate of return is defined as the

Answer

The Internal Rate of Return (IRR) is defined as the measure of an investment’s rate of return. It is also called the discounted cash flow rate of return.

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

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