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 Bank Interview Questions

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Q:

Who is responsible to pay back all debts?

A) government B) spouse
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) government

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

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Q:

In a fractional reserve banking system

A) bank accepts deposits B) bank accepts some loans
C) bank has some cash reserves D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Fractional reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.

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Q:

The accounting process is correctly sequenced as

A) Identifying→recording→communicating B) Identifying→communicating→recording
C) Communicating→Recording→Identifying D) Recording→Communicating→Identifying
 
Answer & Explanation Answer: A) Identifying→recording→communicating

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Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

Devaluation of currency leads to

A) increase in domestic prices B) erratic fluctuations in domestic prices
C) fall in domestic prices D) no impact on domestic prices
 
Answer & Explanation Answer: A) increase in domestic prices

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Q:

The balance of an account is determined by

A) Sum of credits and debits B) Difference of credits and debits
C) Product of credits and debits D) None of the above
 
Answer & Explanation Answer: B) Difference of credits and debits

Explanation:

The balance of an account is determined by the difference of credits amount and debits amount in the sheet.

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0 1629
Q:

Which of the following can increase your credit card’s APR?

A) making credit card payments B) missing credit card payments
C) not using credit card for long time D) All of the above
 
Answer & Explanation Answer: B) missing credit card payments

Explanation:

APR means Annual Percentage Rate. Creditcards apr can be increased when you missed credit card payments.

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Q:

Most financial investments are examples of what type of risk?

A) Credit risk B) Longevity risk
C) Human risk D) Inflation risk
 
Answer & Explanation Answer: C) Human risk

Explanation:

Most financial investments are examples of Human risk type of risks. Since, we humans invest in any kind of financial investments on our own risk expecting profits.

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0 1607
Q:

The interest-rate effect suggests that

A) an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending. B) a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending
C) an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending. D) an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending.
 
Answer & Explanation Answer: A) an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.

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