Bank Interview Questions

Q:

What is overdraft protection?

Answer

Overdraft protection is a service that is provided by a bank to their customer. For instance, if you are holding two accounts, saving and credit account, in the same bank. Now if one of your accounts does not have enough cash to process the cheques, or to cover the purchases. The bank will transfer money from one account to another account, which does not have cash so to prevent check return or to clear your shopping or electricity bills.

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Subject: Bank Interview

0 3979
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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Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

5 3949
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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Subject: Bank Interview

1 3937
Q:

Explain our business model.

Answer

Banks provide their clients with advice, assistance in arranging financing, and other services, such as access to trading on the markets, investment management, and risk reduction. Their main source of revenue is the fees they charge their clients for these services. Some banks have departments which invest or trade the bank’s own money to generate returns, though the extent to which they can do so has become more limited in recent years.

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Subject: Bank Interview

0 3934
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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Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

0 3906
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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Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

4 3836
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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Subject: Bank Interview

1 3765
Q:

Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :

A) Mutual Fund B) Income Tax
C) Stock Exchange D) Banking
 
Answer & Explanation Answer: D) Banking

Explanation:
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Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

7 3702