Bank Interview Questions

Q:

 Which is the largest foreign bank in India   ?

A) HDFC Bank B) American Express Bank Ltd
C) DBS Bank Ltd D) Standard Chartered Bank
 
Answer & Explanation Answer: D) Standard Chartered Bank

Explanation:

Standard Chartered Bank 
Standard Chartered Bank have been operating in India since 1858.

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Q:

RBI controls the commercial banks through

A) Calling for returns and other information B) Periodic inspection of banks
C) Follow up action D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:
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Q:

A check returned by the bank marked nsf means

A) Cheque has been forged B) Cheque can't be cashed being illegal
C) There are not sufficient funds in your accoun D) Bank can't verify your identity
 
Answer & Explanation Answer: C) There are not sufficient funds in your accoun

Explanation:

NSF means - Not Sufficient Funds.

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Q:

What is SLR rate?

Answer

SLR Rate is the minimum amount or percentage of the deposits that a bank has to keep with the RBI in the form of money,gold or any other approved security. In simple terms it is the ratio between cash and some approved security.

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Q:

What is Line of credit?

Answer

Line of credit is an agreement or arrangement between the bank and a borrower, to provide a certain amount of loans on borrower’s demand. The borrower can withdraw the amount at any moment of time and pay the interest only on the amount withdrawn. For example, if you have $5000 line of credit, you can withdraw the full amount or any amount less than $5000 (say $2000) and only pay the interest for the amount withdrawn (in this case $2000).

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Q:

Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

A) Janalakshmi B) Utkarsh
C) Suryoday D) None
 
Answer & Explanation Answer: C) Suryoday

Explanation:
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Q:

Which Bank has obtained RBI approval to open representative offices in Kuwait and Singapore?

A) SBI B) Federal Bank
C) HDFC D) ICICI
 
Answer & Explanation Answer: B) Federal Bank

Explanation:

Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore.

The bank has been the preferred banker for NRI's and the NRI friendly measures have resulted in increasing inflow of foreign remittances.

The bank already has its representative offices in Abu Dhabi and Dubai and it has tied up with 110+ overseas banks/remittance partners.

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Q:

What are the different types of Loans offered by banks?

Answer

The different types of loans offered by banks are:


a) Unsecured Personal Loan


b) Secured Personal Loan


c) Auto Loans


d) Mortgage Loans


e) Small business Loans

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