Questions for Interview

Computer knowledge.
Sl Question
No
1
What in meant by the word
Assembly Language
2
How many Megabytes
makes a Gigabytes
3
ASCII stand for
4
5
6
7
8

9
10
11
12

13

Insurance cover for bank

deposits in our country is
provided by
What is the full form of DOT
which is associated with 2 G
Spectrum
Name the currency of
Japan
Expand the term ALM used
by Banks
What is the maximum
periods for which domestic
Term deposits can be
accepted by Banks
What are the major
functions of the banks
Who is the sole Authority for
printing currency Notes
Which is the oldest Bank in
India
Coins are minted at four
places in India. Which are
they
RBI Is issuing currency
notes on the basis of

Answer
It is a low level programming
language
1024 Megabytes makes a Giga
bytes
American Standard Code for
information interchange
Deposit insurance and Credit
Guarantee Corporation (DICGC)
Department of Telecom
Japanese Yen
Asset liability Management
10 years

Accepting deposit from public and

lending and investment
RBI
Punjab National Bank established
in 1894
1) Mumbai 2) Kolkata 3)
Hyderabad d) Noida

Rs200 Crores worth of Gold and

Foreign Securities

14
15
16

17
18
19

20
21

22
23

minimal reserve system.

Under this system the
amount of reserve that is
required to be maintained is
in the form of
Which is known as Bankers
Bank
Who is the sole authority to
keep Forex Reserves of the
Country
Hard currencies are
accepted for settling
International transactions .
Which foreign currencies
are known as hard currency
Who is known as lender of
last resort
To control credit expansion
RBI adopts two sets of
credit expansion
Give some examples for the
quantitative measures
adopted by RBI
Give some examples for
Qualitative measures
What is meant by
Scheduled Co Operative
Banks
The Scheduled Banks have
to satisfy two important
aspects What are they

(Rs115 Crores worth Gold and

Rs85 Crores worth foreign
securities)
RBI
RBI
One of which is freely convertible
---US Dollar, Great Britons Pound,
Japanese Yen, EURO
RBI
1) Quantitative measures
2) 2) Qualitative / select
measures
Bank rate
Cash Reserve Ratio
Open Money market operation
Statutory Liquidity Ratio
Rationing of Credit
Variation of margin requirement
These are Banks listed in the 2nd
Schedule of RBI Act 1934.
1) Must always function in the
interest of depositors
2) Must have a paid up
/subscribed Capital of Rs25
Lakhs
CAMELS rating

What is the parameters on

which Banks are evaluated .
What is it known as
What does CAMELS stand
C = Capital adequacy
for
A= Assets quality

24

Expand SARFAESI Act 2002

25

Certificate of Deposit

26

Commercial paper

27

Basel Committee

28

Money supply

29

M0

30

M1

31

M3

M= Management
E = Earnings
L= Liquidity
S = Systems Compliance
Securitization and Reconstruction
of Financial Assets and
Enforcement of Security Interest
Act 2002 .
A type of deposits accepted by a
Bank for a short term duration of 7
days to less than 1 year. This is a
money market instrument.
Borrowing by a Corporate having
high credit rating from public. This
is a short term money market
instrument with minimum of 7
days maximum less than 1 year.
Basel 2 rest on three pillars Pillar 1
Pillar 2 and Pillar 3
Presently the Banks are in the
process of introducing Basel 3 wef
from 1.4.2013.
RBI calculates the total money
supply in the economy on the
basis of Monetary Aggregates M0 ,
M1 , M2, and M3
M0 is known as Reserve Money is
also known as H High powered
money . It is created by the
Central Bank of the Country.
Narrow money = Currency with
public + Demand Deposit + Other
Deposits with RBI.
M3 is known as Broad money .
M3= M1+ Time liabilities portion
of demand deposit + Certificate of
Deposit + Time deposit maturing
with in one year + Time deposits
maturing after one year + call

32

Non Banking Financial

Companies (NBFCs)

Sl No
33

Question
What is the minimum
Net Owned Funds of
NBFC

34

Name the two

associate Banks of
State Bank of India
which were merged
with SBI

35

Which Nationalized
Bank was merged with
Punjab National Bank

36

Name the different

types of Co Operative
Bank in India.

borrowings by Banks from non

depository financial Corporation.
NBFCs cannot accept demand
deposits
NBFCs are not part of payment
and settlement system and NBFCs
cannot issues cheques drawn on it
self
Deposit insurance cover is not
available for deposits with NBFC.

Answer
Rs25 Lakhs (Raised to Rs200
Lakhs wef 21 April 1999)
1) State Bank of Bikaner and
Jaipur
2) 2) State Bank of Indore

New Bank of India

1) Primary Agricultural Credit

Societies
2) Central Co Operative Bank
3) State Co Operative Bank
4) Primary
Co
Operative
Agriculture
and Rural
Development Bank
5) State
Co
Operative
Agriculture
and
Rural
Development Bank

6) Urban Co Operative Bank

37

Name some important

Investment Banks

1) Industrial
Finance
Corporation of India
2) Small
Industries
Development Bank of India
3) National Housing Bank
4) Board for Industrial and
Financial Reconstruction
5) Export ---- Import Bank of
India
6) Housing
Development
Finance Corporation

38

Revenue Receipts are

classified into

Tax Receipts
Receipts

39

Tax Receipt

What Government
Direct Tax

40

Non Tax Receipt

What government gets from

Interest fees,
fines royalty,
dividends of PSU, grants

41

Give some examples

for Direct Tax

Income Tax , Wealth Tax , Fringe

Benefit, Corporate
Tax ,
Professional Tax , Property Tax.

42

Give some examples of Excise Duty, Customs Duty, VAT,

Indirect Tax
Entertainment Tax

43

Name the five major

taxes

44

What is meant by

and

Non
gets

Tax
from

1) Corporate Tax
2) Income Tax
3) Excise Duty
4) Customs Duty
5) Service Tax
As

Income

of

the

person

Progressive Tax

increases the rate of tax also

increases so that he ends up
paying more.

45

Value added Tax

It is a tax on value addition at

each stage from the first stage of
production to the last stage of
production up to the final
customer so that

46

What is meant by
deflation

It is a decrease in the general

price
level
of
goods
and
services . Deflation occurs when
inflation falls below 0%.

47

What is meant by Stag

Flation.

In this case the inflation exist

side by side with recession and
un employment . It may arise on
account of inflation remaining
unchecked for quite some times
so that it not only raises the input
prices but also adversely affects
demand
and
consumption
leading
to
a
situation
of
recession.