Hardoll Enterprises Interview Questions and Answers

Banks earn money through various sources such as interest on loans, fees, investments, and trading.

• Interest on loans

• Fees (e.g. account maintenance fees, ATM fees, overdraft fees)

• Investments (e.g. stocks, bonds, mutual funds)

• Trading (e.g. foreign exchange, commodities)

• Credit card interest and fees

ANZ differentiates itself through its focus on customer experience, innovation, and sustainability.

• ANZ has a strong focus on customer experience, with initiatives such as their 'MoneyMinded' financial education program

• ANZ is committed to innovation, with investments in digital banking and partnerships with fintech startups

• ANZ is a leader in sustainability, with a goal to be carbon neutral by 2050 and investments in renewable energy projects

• ANZ has a strong presence in the Asi...read more

Luca Pacioli is considered the father of modern accounting.

• Luca Pacioli was an Italian mathematician and Franciscan friar who wrote the first book on double-entry accounting in 1494.

• He is known for his contributions to the development of accounting as a profession.

• Pacioli's book, Summa de Arithmetica, Geometria, Proportioni et Proportionalita, included a section on bookkeeping that introduced the concept of double-entry accounting.

• Double-entry accounting is a system in which ...read more

Lending process involves the steps taken by financial institutions to evaluate, approve, and disburse loans to borrowers.

• Borrower submits loan application with required documents

• Financial institution evaluates borrower's creditworthiness

• Loan is approved or denied based on evaluation

• If approved, terms and conditions are set including interest rate and repayment schedule

• Funds are disbursed to borrower

The Australian market refers to the financial market in Australia where securities are bought and sold.

• The Australian market includes the Australian Securities Exchange (ASX) where stocks, bonds, and other securities are traded.

• It is influenced by factors such as the country's economic performance, government policies, and global market trends.

• Key industries in the Australian market include mining, finance, healthcare, and technology.

• Companies listed on the ASX include BHP Gr...read more