Interview Questions

Q:

Reconciling the bank statement monthly is an example of

A) establishment of responsibility B) independent internal verification
C) documentation procedures D) segregation of duties
 
Answer & Explanation Answer: B) independent internal verification

Explanation:

Reconciling the bank statement monthly is an example of independent internal verification

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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:

How is a journal entry recorded?

Answer

A journal entry is recorded accourding to the rules of debit and credit.for example goods sold for Rs 50000 for cash ----to record this -- identify the accounts involved-- i.e.goods A/cand Cash A/cgoods is a real account and cash is also a real accountdebit and credit rule for Real accounts is DEBIT WHAT COMES IN CREDIT WHAT GOES OUT according to this--cash is coming to the organisation and goods is leaving from the organisation--Entry for this is Cash A/c Dr. 50000 to Goods A/c or Sales A/c 50000 ( For Cash Sales )

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Q:

Do you work well under pressure?

Answer

In most cases, the best answer to this question is answering yes. Working well under pressure is a good trait to have. However, I think if you answer that you work the same with pressure and without pressure, the interviewer will be more impressed. However, you will need to explain in words why this is better. Here are some of my answers.


1. "I work well under pressure because I use the pressure to help me work more efficiently."


2. "I enjoy working under pressure because I believe it helps me grow. In my previous experience, I always worked well during deadlines, and I always learned how to work more efficiently afterwards."


3. "I work well under pressure because I don't panic. I maintain self control and work as efficiently as possible. In all my experiences, I did well and I always enjoyed the experience."

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Q:

What is the difference between an unspecified passive open and a fully specified passive open?

Answer

An unspecified passive open has the server waiting for a connection request from a client. A fully specified passive


open has the server waiting for a connection from a specific client.

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Q:

What is a Parked Report ?

Answer

You can use document parking to enter and store (park) incomplete documents in the SAP System without carrying out extensive entry checks.

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

What is SQL Server Agent?

Answer

SQL Server agent plays an important role in the day-to-day tasks of a database administrator (DBA). Its purpose is to ease the implementation of tasks for the DBA, with its full- function scheduling engine, which allows you to schedule your own jobs and scripts.

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Subject: SQL

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Q:

Saving accounts usually offer ___ interest rates than checking accounts.

A) Higher B) Lower
C) Equal D) None
 
Answer & Explanation Answer: A) Higher

Explanation:

A savings account is the most basic type of account at a bank or credit union, allowing you to deposit money, keep the funds safe, and withdraw funds as needed. Savings accounts typically pay interest on your deposits, which helps you grow your money, but rates are relatively low on these low-risk accounts.


A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines and electronic debits, among other methods.

 

Hence, Saving accounts usually offer higher interest rates than checking accounts.

 

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

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Q:

Is it possible for a company to show positive cash flows but be in grave trouble ?

Answer

Absolutely. Two examples involve unsustainable improvements in working capital (a company is selling off inventory and delaying payables), and another example involves lack of revenues going forward in the pipeline.

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Subject: Accounts Receivable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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