Interview Questions

Q:

Commercial banks are funded through which of the following?

A) Customer deposits B) Services
C) Stock holders D) Government funding
 
Answer & Explanation Answer: A) Customer deposits

Explanation:

A commercial bank is a financial body which performs the functions of accepting deposits from the general public and giving short term loans for investment with the aim of earning profit.

Report Error

View Answer Report Error Discuss

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

5 15025
Q:

Financial statements are prepared from which trial balance?

A) Unadjusted trial balance B) Adjusted trial balance
C) Post- closing trial balance D) None of the above
 
Answer & Explanation Answer: B) Adjusted trial balance

Explanation:

Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

Report Error

View Answer Report Error Discuss

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

7 14958
Q:

Which of the following is not a function of a Warehouse?

A) Ensuring Profit B) Stabilisation in price
C) Risk-bearing D) Storage
 
Answer & Explanation Answer: A) Ensuring Profit

Explanation:
Report Error

View Answer Report Error Discuss

2 14925
Q:

Why one rupee note is signed by the ministry of finance? is governer has the right to sign this note? is there any interference by the RBI?

Answer

Rupess is the currency of our country and only govt has the authority to issue indian currency it has been signed by ministry of finance, all other notes are bearer notes which are signed by governor.


no interference by RBI.


RBI has the right to print currency notes in the country except coins & 1 Re note which are issued by Govt. Thus, it bears the sign of MoF.

Report Error

View answer Workspace Report Error Discuss

Subject: Finance

6 14804
Q:

Define what is a Fact, Dimension and Measure ?

Answer

Fact is key performance indicator to analyze the business.From the additive values, which are used to analyse the business by using report generation. Dimension is used to analyze the fact, are the non-additive ( text format) values, Which are used to drill down reports.Without dimension there is no meaning for fact. Measure is the quantity of data we create to process.

Report Error

View answer Workspace Report Error Discuss

7 14695
Q:

What is a KPO? What Is the difference between call center and a KPO?

Answer

KPO stands for Knowledge Process Outsourcing. It is a subset of call centers. The ways in which a KPO differs from a call center are :


1. In KPO knowledge and information related work is carried out.


2. Staff requirement is for highly skilled people.


3. Is mainly related to support and not sales.


4. Carries out works mainly for research and analysis process besides support.

Report Error

View answer Workspace Report Error Discuss

Subject: Call Center

12 14693
Q:

What is the Debit Balance recovery? How we can recover if we wont have any future transactions from supplier?

Answer

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him.


When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, So for us it is vendor debit balance.


For debit balance recovery, we can either follow-up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor


In Case no future transactions, we have to follow-up with the vendor, falling whicch we have to write off this amount.

Report Error

View answer Workspace Report Error Discuss

Subject: Accounts Payable

18 14674
Q:

Which are the main MIS Reports of an accounts department & what the format of preparing the MIS ?

Answer

MIS report is known as Management Information System... regarding the Manpower status of a particular month, place and overall..


It helps the Management in decision making.. like what are the reasons of resignation.. in which area attrition is high.. and so many things to help in decision making.. with the help of MIS you may prepare a lot of reports.. Like annual attrition.. region wise attrition.. region wise manpower.. graphical representation of regions manpower status.. and so on..


You may prepare the same at your end.As it will help you to prepare other such formats too.


I am describing you the contents with sheet wise..


First Sheet - Details of employee


a. E.Code


b. Name of employee


c. Date of birth          


d. Designation


e. CTC


f. Address for communication


g.Permanent address


h. Contact number


i. Blood group


j. Maximum qualification


k. Extra qualification


l.Total Experience


Second Sheet- Salary structure


In this sheet write down the complete salary structure.. and make a column what is salary after any revision


Third Sheet - New Joinees


In this sheet write down the name of New joinees of that month with detail like CTC,  Designation, DOB etc. 


Forth Sheet - Resigned employees


In this sheet write the name of employees who resigned during that particular month with details like name, designation, date of joining, Date of resignation, last working day.


Fifth sheet - Attrition rate


Based on this MIS report, you may find out the attrition report, Qualification analysis reports, team management reports and so on can prepare a number of reports..

Report Error

View answer Workspace Report Error Discuss

Subject: Accounts Payable

15 14615