Top 13 Banking Operations Interview Questions and Answers
Q1. What number of Parties Are Required In Promissory Notes?
Fundamentally it requires two gatherings. The one is producer who vows to pay and the other is payee to whom it is payable. For instance an individual take advance from the bank then the "individual" is the "creator" and "the bank" is "payee".
Q2. When Should Banks Not Pay The Check?
Bank shouldn't pay a check in the accompanying cases:
Demise of the cabinet.
Crazy clients
Indebted clients
On receipt of legitimate stop installment guidance.
At the point when check is post-dated.
At the point when record has lacking asset.
Q3. How Is Check Is Different From Boe?
Check is not the same as bill of trade in following ways:
Check is substantial just a half year from the date of issue.
Check is payable to the conveyor on request.
Check is attracted a bank.
Notice of disrespect isn't required under tight restraints.
Q4. What Are The Features Of Negotiability?
Highlights of Negotiability:
Uninhibitedly trferable by conveyance (when it is carrier).
Uninhibitedly trferable by support (when it is a request instrument).
The trferee taking the instrument sincerely.
Q5. What Is 90 Days Overdue?
It's a standard for the ID of the "Non-performing resource" (NPA) beginning 31 March 2014.
The standard is:
Interest or portion of chief stay past due for over ninety days in regard of term advance.
The record stays messed up for the time of over ninety days.
The bill stays late for the time of over ninety days.
Any add up to be gotten is expected for over ninety days.
Q6. What Is Demand Promissory Note?
The Promissory Note which is payable quickly on request is classified "Request Promissory Note".
Q7. Name Some Negotiable Instruments.?
The debatable instruments include:
promissory note
bill of filling
Bank draft/pay request/investors check.
Railroad receipts
Dock warrant
Distribution center receipt
Authentication of store
Business paper
Depository bills
Hundi
Q8. What Is Promissory Note (pn)?
It's an instrument recorded as a hard copy which contains an unrestricted endeavor endorsed by the producer to pay a specific amount of cash to the request or the carrier of instrument. The Promissory Notes require being stepped promotion per Indian Stamp Act.
Q9. What number of Types Of Bills Are Used In Banking Operations?
Following are the sorts of Bills utilized in Banking Operations:
Inland bills and Foreign bills
Time bills and Demand bills
Exchange bills and Accommodation bills
Clean bills and Documentary bills.
Q10. What number of Types Of Promissory Notes Are There?
Kinds of Promissory Note:
Request Promissory Note
Usance Promissory Note
Q11. What Is Usance Promissory Note?
The Promissory Note which is payable after a predefined distinct period is classified "Usance Promissory Note".
Q12. Which Banking Services Can Be Used Through Information Technology (it)?
Following financial administrations can be accomplished by utilizing IT:
Quicker settlement administrations
Home banking
Tele-banking
Cash the board items
Banking on the web
Q13. What Is Stale Check?
In the event that the check isn't introduced for installment for a time of a half year from the date of its issuance, it is then viewed as Stale Check.
The legitimacy of the check can be decreased by the cabinet, as legitimate for a long time however the most extreme legitimacy of any check is a half year.
