ANZ Banking Group
Learnbuds Interview Questions and Answers
Q1. How does bank earn money?
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
Q2. Differentiate ANZ from others
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
Q3. Tell about father of accounts
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
Q4. what is lending process
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
Q5. what is australian market
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
Q6. Talk on a topic for a min
The impact of social media on mental health
Social media can contribute to feelings of inadequacy and low self-esteem
Excessive use of social media can lead to anxiety and depression
Comparison to others on social media can negatively impact mental health
Cyberbullying on social media platforms can have serious consequences
However, social media can also provide support and connection for those struggling with mental health issues
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