Bank Interview MCQ

Test your knowledge with important Bank Interview MCQ and their applications. These MCQs are beneficial for competitive exams too. Explore 30+ more Bank Interview MCQs on Bissoy. Bissoy App

• Loan and Advances of a bank come under the category of______________.
  ক

  Deposits

  খ

  Expenditure

  গ

  Liabilities

  ঘ

  Assets
• State Bank of India recently launched 'SBI Exclusif'. It is a ____ product.
  ক

  Wealth Management

  খ

  Loan

  গ

  Mutual Fund

  ঘ

  Insurance
• Headquarters of State Bank of India is in
  ক

  Noida

  খ

  Mysore

  গ

  Mumbai

  ঘ

  Hyderabad
• Which of the following terms is not used in banking sector?
  ক

  Daily Product Basis

  খ

  Remittancel

  গ

  Cash Reserve

  ঘ

  Actuary
• Financial statements are prepared from which trial balance?
  ক

  Unadjusted trial balance

  খ

  Adjusted trial balance

  গ

  Post- closing trial balance

  ঘ

  None of the above
• Economists refer to purchases of stocks and bonds as investment.
  ক

  TRUE

  খ

  FALSE

  গ

  A) TRUE,B) FALSE

  ঘ

  A) TRUE,B) FALSE
• A budget is best described as
  ক

  A master control device

  খ

  The most crucial component of a company evaluation process

  গ

  A formal statement of a company's future plans usually expressed in monetary terms

  ঘ

  An informal statement of company future plans usually expressed in monetary terms
• On what basis currency value depends?
  ক

  inflation

  খ

  employment

  গ

  imports and exports

  ঘ

  All of the above
• The Accounting period cycle of NSE is
  ক

  Monday to next Friday

  খ

  Wednesday to next Tuesday

  গ

  Wednesday to next Wednesday

  ঘ

  Tuesday to next Wednesday
• A decline in the real interest rate will
  ক

  shift the investment schedule downward

  খ

  shift the investment schedule leftward

  গ

  increase the amount of investment spending

  ঘ

  None of the above
• SIP full form is
  ক

  Sudden Investing Plan

  খ

  Systematic Investment Plan

  গ

  Savings Investmets Plan

  ঘ

  None of the above
• Which best describes the difference between stocks and bonds?
  ক

  stocks allow investors to own a portion of the company; bonds are loans to the company

  খ

  stocks are more reliable investment;bonds tend to be more volatile

  গ

  stocks allow investors to share in profits;bonds make investors responsible for company debts

  ঘ

  stocks pay interest to investors throughout the year; bonds only pay interest at fixed times during the year
• The balance of an account is determined by
  ক

  Sum of credits and debits

  খ

  Difference of credits and debits

  গ

  Product of credits and debits

  ঘ

  None of the above
• Automatic stabilizers refer to
  ক

  government spending and taxes that automatically increase or decrease along with the business cycle.

  খ

  changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives.

  গ

  changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives.

  ঘ

  the money supply and interest rates that automatically increase or decrease along with the business cycle.
• In recording an accounting transaction in a double-entry system
  ক

  there must always be entries made on both sides of the accounting equation.

  খ

  the amount of the debits must equal the amount of the credits.

  গ

  there must only be two accounts affected by any transaction.

  ঘ

  the number of debit accounts must equal the number of credit accounts.
• Which of the following statements about minimum payments is incorrect?
  ক

  If you send in the minimum payment, you will be charged a late fee

  খ

  Paying the minimum means you are only paying off a portion of your total debt

  গ

  You will still pay interest on your balance if you submit the minimum payment

  ঘ

  Minimum payments are typically only 2-4% of your total debt
• A capital expenditure results in a debit to
  ক

  an asset account

  খ

  a liability account

  গ

  an expense account

  ঘ

  a capital account
• Who is responsible to pay back all debts?
  ক

  government

  খ

  spouse

  গ

  Both A & B

  ঘ

  None of the above
• Purchase return and allowances is a contra account
  ক

  TRUE

  খ

  FALSE

  গ

  A) TRUE,B) FALSE

  ঘ

  A) TRUE,B) FALSE
• In which of the following cases will total revenue increase?
  ক

  Price rises and demand is inelastic

  খ

  Price falls and supply is inelastic

  গ

  Price rises and demand is elastic

  ঘ

  Price falls and demand is inelastic
• Transfer payments are included in
  ক

  Government subsidies

  খ

  GDP

  গ

  Both A & B

  ঘ

  None of the above
• The accounting process is correctly sequenced as
  ক

  Identifying\u2192recording\u2192communicating

  খ

  Identifying\u2192communicating\u2192recording

  গ

  Communicating\u2192Recording\u2192Identifying

  ঘ

  Recording\u2192Communicating\u2192Identifying
• Which of the following best describes Accounting?
  ক

  is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business

  খ

  is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements

  গ

  records economic data but does not communicate the data to users according to any specific rules

  ঘ

  is of no use by individuals outside of the business
• An increase in the price of product A will
  ক

  reduce the demand for resources used in the production of A.

  খ

  reduce the demand for substitute product B

  গ

  increase the demand for complementary product C.

  ঘ

  increase the demand for substitute product B.
• The interest-rate effect suggests that
  ক

  an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.

  খ

  a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending

  গ

  an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending.

  ঘ

  an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending.
• Most financial investments are examples of what type of risk?
  ক

  Credit risk

  খ

  Longevity risk

  গ

  Human risk

  ঘ

  Inflation risk
• The credit balance in the bank account is
  ক

  amount liable to pay by bank

  খ

  amount liable to pay by customer

  গ

  Both A + B

  ঘ

  None of the above
• Which investment type typically carries the least risk?
  ক

  Mutual funds

  খ

  Treasury bonds

  গ

  Savings account

  ঘ

  Individual stocks
• Compounding interest means interest accrues
  ক

  at variable rates throughout the term

  খ

  more quickly than simple interest

  গ

  more slowly than simple interest

  ঘ

  at the same rate as simple interest
• Interest is usually associated with
  ক

  doubtful accounts

  খ

  bad debts

  গ

  accounts receivable

  ঘ

  notes receivable