Interview Questions

Q:

Explain How is a journal entry recorded?

Answer

Journal Entries are recorded on a double entry system ie debit and credit concept. In order to record a journal entry the following steps need to be followed.


  - Enter the Journal entry number


  - Enter the Date of transaction


  - Enter the Debit item (as per the golden principles of accountancy)


  - Enter the corresponding GL folio number


  - Enter the Debit amount


  - Enter the credit item(as per the golden principles of accountancy)


  - Enter the amount in the credit column


  - Provide a brief description of the transaction


  - leave a single line before next transaction

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Q:

Which of the following terms is not used in banking sector?

A) Daily Product Basis B) Remittancel
C) Cash Reserve D) Actuary
 
Answer & Explanation Answer: D) Actuary

Explanation:

Actuary is the term which is not used in banking sector.

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

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Q:

What gross data rate does GPRS provide?

Answer

- GPRS provide gross data rate of 22.80 KBPS / time slot
- Voice uses only 13KBPS/ time slot and the rest is consumed by Error Correction Code
- Error connection code is utilized for detecting and correcting the transmission errors
- As voice is compressed, the usage of Error connection code is mandatory

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Q:

The primary Economic function of the Financial system is to

A) Providing experts advice to investors and savers B) Match one person's savings with another person's investment
C) Keeping interest rates low D) Match one person's consumpion expenditure with another person's capital expenditure
 
Answer & Explanation Answer: B) Match one person's savings with another person's investment

Explanation:

The primary Economic function of the Financial system is to match one person's savings with another person's investment.

 

The_primary_Economic_function_of_the_Financial_system_is_to1556258311.png image

 

* As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner.

* They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities.

* These financial services help to make the overall economy more efficient.

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

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Q:

What is Bex (Business Explorer) ?

Answer

Bex stands for Business Explorer. Bex enables end user to locate reports, view reports, analyze information and can execute queries. The queries in workbook can be saved to there respective roles in the Bex browser. Bex has the following components: Bex Browser, Bex analyzer, Bex Map, Bex Web.

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Subject: SAP

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Q:

Higher Quality Scores typically result in

A) faster delivery of daily budget B) higher costs and lower ad positions
C) lower costs and better ad positions D) less overall impressions
 
Answer & Explanation Answer: C) lower costs and better ad positions

Explanation:

Higher Quality Scores typically result in lower costs and better ad positions. Quality Score is Google's rating of the quality and relevance of both your keywords and PPC ads. It is used to determine your cost per click (CPC) and multiplied by your maximum bid to determine your ad rank in the ad auction process.

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Filed Under: Advertising and Media
Job Role: Analyst , IT Trainer

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Q:

What is a linked server in SQL server?

Answer

It enables SQL server to address diverse data sources like OLE DB similarly. It allows Remote server access and has the ability to issue distributed queries, updates, commands and transactions.

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Subject: SQL

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Q:

What is the purpose of Buffer class in Node.js?

Answer

Buffer class could be a global class and may be accessed in application without importing buffer module. A Buffercould be a quite an array of integers and corresponds to a raw memory allocation outside the V8 heap. A Buffer can not be resized.

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Subject: Web Technology
Job Role: Software Architect

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