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Top 100+ Bank Clerk Interview Questions And Answers - May 27, 2020

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Top 100+ Bank Clerk Interview Questions And Answers

Question 1. What Are Various Investments Under Section 80(c) Of Income Tax Act?

Answer :

Fixed deposit (five years)
PPF
Equity mutual price range
ELSS
EPF and VPF
NSCs (National Saving Certificate)
ULIPs
NPS (Pension plans)
Life insurance
Question 2. What Is Monetary Policy?

Answer :

Policy via which a central authority attempts to control liquidity and interest aimed excessive growth price and fee stability.

Accounts and Finance for Managers Interview Questions
Question three. What Is Gdp?

Answer :

Gross Domestic Product is the sum of all the products and offerings produced inside physical borders of a rustic in inside a specific time frame.

Question four. What Is Gnp?

Answer :

GNP = GDP + Income of citizens foreign places profits of foreigners inside the borders of home financial system.

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Question 5. What Is Swift?

Answer :

Financial messaging network which exchanges messages between banks and monetary institutions.

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Question 6. What Is A Demat Account?

Answer :

Demat account is the manner of converting the physical proportion certificate into equal quantity of electronic holdings.

Question 7. What Is Fiscal Deficit?

Answer :

Fiscal deficit is an extra of presidency expenditure over revenue.

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Question 8. What Is Fiscal Policy?

Answer :

Government revenue technology and spending regulations that impact the macro economy.

Question 9. What Are Various Services Provided By A Commercial Bank?

Answer :

Lockers
Safe custody of funds
Advancing loans
Fund transfers
Periodic payments
Underwriting of shares
Dealing in foreign exchange
Discounting of loans
Overdraft
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Question 10. What Is A Put Option?

Answer :

Put alternative is An choice which gives proper to the Option Holder to sell a sure inventory at special time and detailed date.

Modern Banking Tutorial
Question 11. What Is A Call Option?

Answer :

Call option is an alternative which gives proper to the Option Holder to buy a certain stock at targeted time and distinct date.

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Question 12. What Are Derivatives?

Answer :

In Derivative market the fee of the instruments bought and sold is based on value of the underlying asset. The fee of the device is 'derived' from the price of the underlying asset and therefore it is referred to as Derivatives.

Accounts and Finance for Managers Interview Questions
Question thirteen. What Is An Option In Derivative Market?

Answer :

An Option deliver right to Option Holder to buy or sell a commodity at some point of a sure time period or on a selected date.

Question 14. List Some Features Of Pff?

Answer :

Features:

Number of deposits in step with year - 1 to twelve
Minimum deposit - Rs 500
Interest acquired is tax free
Investment is exempted beneath segment eighty(c)
Question 15. What Is Irda And What Are It's Functions?

Answer :

Insurance Regulatory And Development Authority (IRDA) is the sole authority to adjust the insurance enterprise in India , to make certain the boom of coverage industry and defend the interest of policy holders.

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Question sixteen. What Are Various Functions Of Rbi?

Answer :

Government's banker and plays banking features for the vital and the state governments. 
Bankers of banks
Maintain liquidity inside the economy
Regulator of country's monetary machine
Regulates and enables foreign change advisor to the Government of India
Issue forex notes.
Question 17. What Was The Purpose Of Setting Up Nabard?

Answer :

NABARD is the apex organization for the improvement of farm quarter , cottage industries and small scale industries in rural regions.

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Question 18. What Are Npas?

Answer :

NPA stands for Non-Performing Assets. Bank offers loans and advances to it's far customers. These loans and advances are financial institution's assets. When the customers don't pay off back the financial institution's money they do no longer carry out. Such assets are known as Non-Permoerming Assets.

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Question 19. What Is Ppf?

Answer :

Public Provident Fund is a tax saving investment for individuals.

Question 20. What Personal Characteristics Should A Bank Clerk Possess?

Answer :

Besides being presentable in both appearance and demeanor, a bank clerk have to be accountable, a quick and efficient worker, and devoted to perfect performance. Clients are without problems aggravated by using mistakes on the subject of their bank bills and money transactions.

Investment Banking Interview Questions
Question 21. What Is Cp?

Answer :

Commercial paper is a quick time period unsecured debt instrument.

Question 22. What Is Sensex And How It Is Calculated?

Answer :

Sensex is the index of top 30 stocks in Stock Exchange(SE). Value of Sensex is calculated the use of "Free Float Market Capitalization" method.

Free go with the flow ratio is number of outstanding stocks to be had for trendy public to change.

Question 23. What Are Open Market Operations?

Answer :

Buying and selling of presidency securities and bonds in open market by using Government to hold desired liquidity tiers.

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Question 24. What Is Bank Rate?

Answer :

Rate at which RBI lends cash to business banks with none safety.

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Question 25. What Is Slr?

Answer :

Statutary Liquidity Ratio is the proportion of liabilities and time deposits that business banks need to maintain with them in shape of Cash, Gold or Government approved securities.

Question 26. What Is Crr?

Answer :

Cash Reserve Ratio is percent of client's deposits with industrial banks that they need to deposit with RBI.

Question 27. Why Are You Not Working Anywhere From Past 6 Months ?

Answer :

As competition in banking assessments in fierce, I changed into getting ready for bank assessments and a job may want to distract me from my undertaking. I focused on bank checks preparations best.

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Question 28. Why You Want To Enter In Banking Industry?

Answer :

Because this industry is growing regularly and there would be no restriction to my career growth. Further I need stability in my profession.

Question 29. Are You A Reliable Person With Strong Work Ethics?

Answer :

Not a stunning query to ask a financial institution clerk. Reliability implies the ability to preserve confidentiality and never reveal any banking information to unauthorized humans out of doors paintings. Reliability and work ethics additionally imply the capability to perform customer operations genuinely and with care.

Question 30. Are You Able To Work In A Computerized Environment And Spend Long Hours At The Computer?

Answer :

Banks are computerized. Clerks are required to operate fundamental laptop applications, which include the banking application that the bank is the use of. The task might contain some strolling to seek advice from other group of workers individuals or manage documentation. Otherwise, the process is sedentary and calls for care and staying power.

Question 31. What Would You Consider Important For A Bank Clerk, Being The First Point Of Contact With Customers?

Answer :

Bank clerks ought to be notably privy to their role because the first factor of contact for maximum clients. Clerks are the face of the employer, they're presentable and expert in demeanor. They answer all queries truely and in a well mannered way.

Question 32. Give Examples Of Bank Clerking Duties?

Answer :

Among the most common transactions are receiving deposits, cashing tests, and coping with withdrawals. To perform such operations, clerks need to perform patron identification and make certain validity of signature on documents and checks.




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