Frequently Asked Banking Interview Questions Set 16

Frequently Asked Banking Interview Questions – 16

Dear Readers
Now as the interview dates of SBI PO and IBPS PO are scheduled we bring to you very common banking interview questions with out set No 16 based on foreign Exchange. We will be updating material and Videos on a regular basis to help maximum number of candidates to cherish their dreams.

Usually the time interval for interview for SBI PO and IBPS PO lies between 7-9 minutes and more depending on the interest you are generating.

Questions

1. Define Stagflation?
  Answer :: An inflationary period in which unemployment and prices both increases is known as stagflation. This is an indicator of dampening growth, and Natural or artificial supply constraint of important commodities.
2. Define Reflation?
  Answer:: To protect the economy to go in a downtrend, Reflation is he act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specific price level) back to the long term trend
3. Tell Me Something about BCSBI?
  Answer:: The Banking Codes and Standards Board of India is not a department of the RBI. It is an independent organization which works to savegaurd the interests of the banking customers. It ensures that the customer gets the services as promised by the bank. It is registered under society registration Act 1860. The registered office of BCSBI is located at Mumbai and current chairman is Sh. AC Mahajan
4. What is buyer’s Credit.?
  Answer:: It is a short term credit available to an importer from a overseas lender such as banks and other financial institution for importing of goods. The overseas banks usually lend the importers based on the letter of bank guarantee issued by the importer’s bank

5. What is supplier Credit ?
Answer:: Supplier’s credit is defined as a financial credit facility that is extended to a local buyer by the foreign seller/Bank / Financial Institution, preferably the sellers country. The local Bank will issue the usance bill under the LC for the importer and in run the foreign bank will discount the LC.

6. What is the definition of a sick Unit
Answer:: As per guidelines, a micro or small enterprise may be said to have become sick if the installments for the loan taken has not been repaid for the past 3 months.

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