30+ White Eagle Public School Interview Questions and Answers

Value addition to Annapurna Finance Pvt Ltd includes expanding services, improving customer experience, increasing profitability, and enhancing brand reputation.

• Introducing new financial products and services to cater to a wider range of customers

• Implementing technology solutions to streamline processes and improve efficiency

• Enhancing customer service through training programs and feedback mechanisms

• Increasing profitability through strategic partnerships and investment opport...read more

Mortgage requires several documents for approval.

• Proof of income

• Credit report

• Property appraisal

• Title report

• Homeowner's insurance

• Tax returns

• Bank statements

Prof. Muhammad Yunus is known as the father of microfinance.

• Prof. Muhammad Yunus is a Bangladeshi economist and social entrepreneur.

• He founded Grameen Bank in Bangladesh in 1983.

• Grameen Bank pioneered the concept of microcredit and microfinance.

• Prof. Yunus was awarded the Nobel Peace Prize in 2006 for his work in microfinance.

SMA stands for Special Mention Account, STD stands for Sub-Standard Account, and DPD stands for Days Past Due.

• SMA is a classification for accounts that have potential weaknesses and require close monitoring.

• STD is a classification for accounts that have well-defined weaknesses and are considered to be non-performing.

• DPD is a measure of how many days a payment is overdue.

• These terms are commonly used in credit management to assess the creditworthiness of borrowers.

NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. MFIs are institutions that provide financial services to low-income individuals. General banking refers to traditional banking services offered by banks.

• NBFCs provide banking services like loans and credit facilities but do not hold a banking license.

• MFIs focus on providing financial services to low-income individuals and small businesses.

• General banking includes ser...read more

A credit manager is responsible for assessing and managing the creditworthiness of individuals or businesses.

• They evaluate credit applications and determine the risk involved in lending money or extending credit.

• They set credit limits and terms of payment.

• They monitor credit accounts and ensure timely payments.

• They work closely with sales teams to ensure credit policies are followed.

• They may also negotiate payment plans with delinquent customers.

• Examples of industries that em...read more

Yes, I am able to work from 6 in the morning till 12 am.

• I am comfortable with long work hours and have experience working late shifts.

• I am dedicated to my work and can manage my time effectively to meet deadlines.

• I understand the importance of being flexible in a senior operations manager role.

• I have a strong work ethic and am willing to put in the necessary hours to ensure success.

• I have successfully worked long hours in previous roles, such as during busy seasons or special...read more

Yes, I am willing to travel as required for the job.

• I am comfortable with travel and have done it before for work.

• I understand that travel is a necessary part of the job and am willing to make the necessary arrangements.

• I am adaptable and can work effectively in different environments and cultures.

Dealing with customers involves active listening, empathy, problem-solving, and effective communication.

• Listen actively to understand customer needs and concerns

• Show empathy and understanding towards customer's situation

• Offer solutions or alternatives to address customer issues

• Communicate clearly and professionally at all times

• Follow up to ensure customer satisfaction

Microfinance is a financial service that provides small loans, savings, and insurance to low-income individuals and entrepreneurs.

• Microfinance helps to alleviate poverty by providing access to financial services to those who are traditionally excluded from the formal banking sector.

• It is often used to support small businesses and entrepreneurs in developing countries.

• Microfinance institutions (MFIs) provide loans, savings accounts, and other financial services to low-income i...read more

Microfinance is a financial service that provides small loans to low-income individuals or groups who lack access to traditional banking services.

• Microfinance aims to alleviate poverty and promote financial inclusion

• It typically involves small loans with low interest rates and flexible repayment terms

• Microfinance institutions also provide other financial services such as savings accounts and insurance

• Examples of microfinance institutions include Grameen Bank and Kiva

• Microfina...read more

Manual working is necessary for certain tasks that require human intervention or precision.

• Manual working allows for greater control and attention to detail.

• Some tasks cannot be automated due to their complexity or uniqueness.

• Manual work is often required in industries like healthcare, construction, and art.

• It can involve activities such as handcrafting, surgery, or quality control.

• Manual work can also be necessary when dealing with sensitive or confidential information.

The process flow for unsecured loan involves several steps from application to disbursement.

• The borrower submits an application with personal and financial information.

• The lender evaluates the borrower's creditworthiness and risk profile.

• If approved, the lender offers a loan amount and terms.

• The borrower accepts the offer and signs the loan agreement.

• The lender disburses the loan amount to the borrower's account.

• The borrower repays the loan in installments over a set period o...read more

Microfinance is a type of financial service that provides small loans to low-income individuals or groups who lack access to traditional banking services.

• Microfinance aims to alleviate poverty by providing financial services to those who are unable to access traditional banking services.

• It typically involves small loans, savings accounts, insurance, and other financial products tailored to the needs of low-income individuals.

• Microfinance institutions often target women and ma...read more

A cash book is a financial record that tracks all cash transactions of a business.

• It is used to record all cash receipts and payments.

• It helps in maintaining an accurate record of cash flow.

• Cash book entries are usually categorized into cash receipts and cash payments.

• It is an important tool for internal audit as it provides a clear picture of cash transactions.

• Examples of cash book entries include cash sales, cash purchases, and cash expenses.

HL LAP stands for Hypothecation of Loans and Advances against Property. BL stands for Bill of Lading.

• HL LAP is a type of loan where the borrower hypothecates their property to secure the loan.

• BL is a document issued by a carrier to acknowledge receipt of goods for shipment.

• HL LAP is commonly used in mortgage loans, while BL is used in international trade for goods transportation.

I will deal with customers by actively listening to their concerns, providing solutions, and ensuring their satisfaction.

• Listen actively to understand their needs and concerns

• Provide prompt and effective solutions to their issues

• Ensure their satisfaction by following up on their feedback

• Maintain a positive and professional attitude at all times

• Handle difficult customers with patience and empathy

NPA declaration refers to the classification of a loan as a non-performing asset.

• NPA is declared when a borrower fails to make repayments for a certain period of time.

• The classification of NPA is done based on the number of days the repayment is overdue.

• NPA classification has a negative impact on the credit score of the borrower and the lender's balance sheet.

• Banks and financial institutions are required to make provisions for NPAs in their financial statements.

• The RBI has se...read more

Different methods of sampling include random sampling, stratified sampling, cluster sampling, and convenience sampling.

• Random sampling: Each member of the population has an equal chance of being selected.

• Stratified sampling: Population is divided into subgroups and a random sample is taken from each subgroup.

• Cluster sampling: Population is divided into clusters and a random sample of clusters is selected.

• Convenience sampling: Sampling based on the ease of access to participan...read more

Yes, I can cook as and when required.

• I have experience cooking for large groups in previous roles

• I am comfortable following recipes and improvising when needed

• I can handle cooking tasks efficiently and effectively under pressure

Golden rules of accounting are basic principles that guide the process of recording financial transactions. Balance sheet shows assets, liabilities, and equity. Cash flow statement shows cash inflows and outflows.

• Golden rules of accounting: Debit the receiver, credit the giver; Debit what comes in, credit what goes out; Debit expenses and losses, credit income and gains.

• Balance sheet: Shows a company's financial position at a specific point in time, including assets (what the...read more

BRS stands for Bank Reconciliation Statement.

• BRS is a statement that compares the bank balance as per the bank statement with the balance as per the company's books.

• It helps in identifying any discrepancies or errors in the bank transactions.

• The statement includes items such as deposits in transit, outstanding checks, bank charges, and interest.

• The ultimate goal of BRS is to ensure that the company's cash balance matches the bank balance.

• BRS is an important tool for internal ...read more

Research is conducted by defining a research question, gathering relevant data, analyzing the data, and drawing conclusions.

• Define a clear research question or objective

• Gather relevant data through literature review, experiments, surveys, etc.

• Analyze the data using statistical methods or other tools

• Draw conclusions based on the analysis

Distance in branch can lead to communication challenges and decreased efficiency.

• Implement regular check-ins via video calls or phone calls to ensure communication is maintained.

• Encourage team members to use collaboration tools like Slack or Microsoft Teams for easy communication.

• Consider rotating team members between branches periodically to build relationships and improve communication.

• Provide training on effective communication strategies to all team members.

• Set clear expe...read more

Finance involves managing money and investments on a larger scale, while microfinance focuses on providing financial services to low-income individuals and small businesses.

• Finance deals with large-scale investments, corporate finance, and financial markets.

• Microfinance focuses on providing financial services to low-income individuals and small businesses who lack access to traditional banking services.

• Finance typically involves managing large sums of money, while microfinanc...read more

Phone interaction after shortlisting profile is crucial for assessing communication skills and confirming interest in the role.

• Prepare a list of questions to ask the candidate about their experience and interest in the role.

• Listen actively to the candidate's responses and ask follow-up questions to clarify any points.

• Provide information about the next steps in the hiring process and answer any questions the candidate may have.

• Evaluate the candidate's communication skills, pro...read more

Yes, I can drive a bike proficiently.

• I have been riding bikes for over 10 years.

• I am comfortable with both manual and automatic bikes.

• I have experience navigating through city traffic and rural roads.

• I have completed a motorcycle safety course.

COO stands for Chief Operating Officer.

• COO is a senior executive responsible for the day-to-day operations of a company.

• They report directly to the CEO and oversee departments such as finance, marketing, and human resources.

• COOs are often responsible for implementing strategies and ensuring the company's goals are met.

• Examples of COOs include Sheryl Sandberg of Facebook and Tim Cook of Apple.