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Interview Questions

Interview Question and Answers

These are the Questions that are normally asked in a job interview. Interview questions are very specific to the job role you are applying. Most of the times, interview for a job is done if different phases or categories. There are different rounds interviewer has to go through. However, there are certain questions in the interview which are common and can be done real well if we went prepared.

Interview Questions can be in various categories like:

Accounting and Finance, Marketing and Sales, Manufacturing, Finance, Hospitality questions, Law , Leadership and management, customer service, medical and health care, call center, Human Resource, etc.

How to prepare for Interview question and answers?

How to prepare for Interview question and answers? There are many possible ways in which you can prepare for the interview question and answers. If it is technical, you have many important questions that you are sure to ask in the interview. Especially, if you are thorough with the fundamentals or basics, most of your interview is cleared without much hassle.

The key is to prepare for with proper research about the company, where you are going to take the interview. Make sure to go through few same Human Resource questions as well. They will enable you to make good answers, and position yourself as a very good prospect for the job. Make sure you answer the interview question in a way that you will be the best fit for the job. And this can happen only through enough confidence. Make sure to go through as many questions as possible to gain the confidence.

Popular Latest Rated
Q:

Which among the following is an asset for a bank?

A) The loans disbursed by Bank to its customers B) Cash Deposits of Customers
C) Investments made by Bank’s customers in its financial Products D) All of the above
 
Answer & Explanation Answer: A) The loans disbursed by Bank to its customers

Explanation:

Asset means anything that can be converted into cash. Here in banks, the loans disbursed by Bank to its customers is considered as assets because when they are cleared by them, then they are directly converted to cash.

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Filed Under: Accounts Receivable - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

6 1579
Q:

Financial statements are prepared from which trial balance?

A) Unadjusted trial balance B) Adjusted trial balance
C) Post- closing trial balance D) None of the above
 
Answer & Explanation Answer: B) Adjusted trial balance

Explanation:

Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

3 1793
Q:

Financial statements are prepared in the following order.

A) Income statement - Balance sheet - Statement of retained earnings B) Income statement - Statement of retained earnings - Balance sheet
C) Balance sheet - Statement of retained earnings - Income statement D) Statement of retained earnings - Balance sheet - Income statement
 
Answer & Explanation Answer: B) Income statement - Statement of retained earnings - Balance sheet

Explanation:

The financial statements should be prepared in the following order:


Income statement - Statement of retained earnings - Balance sheet

 

1. Income statement reports revenues and expenses and calculates net income or net loss for the time period.

2. Statement of retained earnings show how retained earnings changed during the period due to net income or net loss and dividends.

3. Balance sheet reports assets, liabilities, and stockholders’ equity as of the last day of the period.

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Filed Under: Accounts Payable - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 1967
Q:

Goods that are excludable include both

A) public goods and common resources B) common resources and private goods
C) natural monopolies and public goods D) private goods and natural monopolies
 
Answer & Explanation Answer: D) private goods and natural monopolies

Explanation:

Goods that are excludable include both private goods and natural monopolies.

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Filed Under: Accounts Receivable - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

3 1555
Q:

Commercial banks are funded through which of the following?

A) Customer deposits B) Services
C) Stock holders D) Government funding
 
Answer & Explanation Answer: A) Customer deposits

Explanation:

A commercial bank is a financial body which performs the functions of accepting deposits from the general public and giving short term loans for investment with the aim of earning profit.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1835
Q:

A data warehouse is composed of

A) current data B) internal and external data sources
C) historical data from legacy systems D) historical & current data
 
Answer & Explanation Answer: C) historical data from legacy systems

Explanation:

A data warehouse is a relational database that is designed for query and analysis rather than transaction processing. It usually contains historical data that is derived from transaction data, but it can include data from other sources. Data warehouses are designed to help you analyze your data.

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Filed Under: Oracle - Technology
Job Role: Database Administration , IT Trainer

0 1651
Q:

Economists refer to purchases of stocks and bonds as investment.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:
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Subject: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

4 1714
Q:

Generally accepted accounting principles are

Answer

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.


 


Accounting principles and guidelines include :


 


* Business Entity Assumption


* Accounting Period


* Historical Cost Concept


* Full Disclosure Principle


* Cost Principle


* Matching Principle


* Materiality


* Monetary Unit Assumption.

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Subject: Accounts Payable - Accounting and Finance Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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