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Banking Interview Questions Set 4

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Banking Interview Questions Set 4

shape Introduction

An Interview is the test of a personality of a candidate. Interviews primarily assess the capability of a candidate to a certain profession. Interview helps to ascertain the accuracy of presented facts and information about the candidate. Presentation, Confidence and Knowledge of the applied position and industry are the crucial factors in acing Interviews.

Banking sector is pivotal to a country's economy. A Bank is a financial institution that can receive deposits and provide loans. Banks may also provide financial services such as wealth management, currency exchange and safe deposit boxes. Banking sector offers a wide variety lucrative career choices including Probationary officers, Analysts, managers, Investment Banking, Financial Planners, Credit Department, Loan Managers, etc. Career in banking demands skills in coordinating and directing the operational functions of financial institutions. Various leading private banks and public sector banks are recruiting candidates every year. Considering the significance of banking sector, several graduates are applying for various positions with the banks. Thus, the aspirants have to extremely well prepared to ace the competition. The article Banking Interview Questions Set 4 lists important Banking Job Interview Questions to assist in preparation of bank aspirants.

shape Questions

Abbreviations for Banking & Financial terms
SL. No Abbreviations Full Name
1. MPIN Mobile Personal Identification Number
2. NPA Non- Performing Assets
3. NPCI National Payment Corporation of India
4. NFS National Financial Switch
5. NACH National Automated Clearing House
6. NEFT National Electronic Fund Transfer
7. NFC Near field communication
8. NDTL Net Demand and Time Liabilities.
9. OTC Over the Counter
10. PIN Personal Identification Number
11. PAC Personal Access Code
12. PCA Prompt Corrective Action
13. PSPs Payment Support Providers
14. RTGS Real Time Gross Settlement
15. USSD Unstructured Supplementary Services Data
16. UIDAI Unique Identification Authority of India
17. VPA Virtual Payment Address.
18. GDR Global Depository Receipt
19. GAAR General anti avoidance rule
20. PAN Permanent Account Number
21. PLR Prime Lending Rate
22. SLR Statutory Liquidity Ratio
23. . SDR Special Drawing Rights
24. DTAA Double Taxation Avoidance Agreement
25. TIEA Tax Information Exchange Agreement
26. EFSF European Financial Stability Facility
27. PPP Purchasing Power Parity
28. PPP Public Private Partnership
29. NPS New Pension Scheme
30. EEFC Exchange Earner's Foreign Currency
31. FII Foreign Institutional Investor
32. DII Domestic Institutional Investor
33. GST Goods and Services Tax
34. DTC Direct Tax Code
35. FCNRA Foreign Currency Non- Resident account
36. MFI Micro Finance Institutions
37. MFDC Micro Finance Development Council
38. TRAI Telecom Regulatory Authority of India
39. MSF Marginal Standing Facility
40. IDF Infrastructure Debt Fund
41. CRIS Comparative Rating Index for Sovereign
42. LIBOR London Inter Bank Operation Rate
43. MIBOR Mumbai Inter Bank Operation Rate
44. MICR Magnetic Ink Character Recognition
45. SARFAESI Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
46. BCBS Basel Committee on Banking Supervision
47. NPCI National Payments Corporation of India