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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

Q:

What are the types of accounts in banks?

Answer

a) Checking Account: You can access the account as the saving account but, unlike saving account, you cannot earn interest on this account. The benefit of this account is that there is no limit for withdrawal.


b) Saving Account: You can save your money in such account and also earn interest on it. The number of withdrawal is limited and need to maintain the minimum amount of balance in the account to remain active.


c) Money Market Account: This account gives benefits of both saving and checking accounts. You can withdraw the amount and yet you can earn higher interest on it. This account can be opened with a minimum balance.


d) CD (Certificate of Deposits) Account: In such account you have to deposit your money for the fixed period of time (5-7 years), and you will earn the interest on it. The rate of interest is decided by the bank, and you cannot withdraw the funds until the fixed period expires.

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Subject: Bank Interview

Q:

What is commercial Bank ?

Answer

A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products.


Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public.

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Subject: Bank Interview

Q:

Logical puzzle

You have 10 coins….arrange them in 4 straight lines such that each line contains 4 coins.

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Q:

What mathematical symbol can be placed between 5 and 9, to get a number greater than 5 and smaller than 9?

Answer

decimal point [i.e, 5.9]

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Subject: Number Puzzles

Q:

Find a 10-digit number, where the first figure defines the count of zeros in this number, the second figure the count of numeral 1 in this number etc. At the end the tenth numeral character expresses the count of the numeral 9 in this number.

Answer

Sum of all numerals must be ten because each numeral stands for the count of other numerals and because this number shall have ten numerals. Beginning to choose reasonable numerals for the first figure you can come across the correct number: 6210001000.

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Subject: Number Puzzles

Q:

Can you arrange 9 numerals - 1, 2, 3, 4, 5, 6, 7, 8 and 9 [using each numeral just once] above and below a division line, to create a fraction equaling to 1/3 [one third]?

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Subject: Number Puzzles

Q:

Logical puzzle

You want to send a secret message to your friend Alex in the mail. But Sam, who you don't trust, has access to all your mail. So you put your message in a box with a lock. But you are not allowed to send a key! How can you get your message through securely?

Answer

- Send the box with the lock to Alex. 


- Alex can't open it, but can put another lock on the box. 


- Alex sends this box with the 2 locks back to you, you unlock your lock and send it back to Alex again.


- So there is just Alex's lock on the box and Alex can now open it.

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Subject: Logic Puzzles