Axis Bank
Tata Boeing Aerospace Interview Questions and Answers
Q1. What's the difference between operation and sales.
Operations focus on internal processes while sales focus on external revenue generation.
Operations involve managing resources, logistics, and production processes.
Sales involve identifying and pursuing potential customers, negotiating deals, and generating revenue.
Operations ensure efficient and effective use of resources while sales ensure revenue growth.
Examples of operations include supply chain management, inventory control, and quality assurance.
Examples of sales include...read more
Q2. What is mean by public limited company and private limited company
A public limited company is a company that offers shares to the public and has limited liability. A private limited company is a company with limited liability and restrictions on share ownership.
Public limited companies can raise capital by selling shares to the public
Private limited companies cannot offer shares to the public and have restrictions on share ownership
Both types of companies have limited liability, meaning the owners are not personally liable for the company's...read more
Q3. In HUF account what are the documents required to open an account
Documents required to open a HUF account include identity proof, address proof, HUF declaration, PAN card, and passport size photographs.
Identity proof such as Aadhar card, Voter ID, or Passport
Address proof like Aadhar card, utility bill, or rental agreement
HUF declaration signed by the Karta of the Hindu Undivided Family
PAN card of the HUF
Passport size photographs of the Karta
Q4. What's are KYC docs required to open the current account.
KYC docs required to open a current account
Identity proof - Aadhaar card, PAN card, Passport, Voter ID card
Address proof - Aadhaar card, Passport, Utility bills, Bank statement
Passport size photograph
Business proof - GST registration certificate, Trade license, etc.
PAN card of the business entity
KYC declaration form
Q5. What is the difference between equitable mortgage and register mortgage
Equitable mortgage is based on the principle of equity, while registered mortgage is based on registration of the mortgage deed.
Equitable mortgage is created by deposit of title deeds with the lender, while registered mortgage is created by registration of the mortgage deed with the relevant authority.
In equitable mortgage, the lender has a right to sell the property in case of default, while in registered mortgage, the lender has a charge over the property.
Equitable mortgage...read more
Q6. In equitable mortgage why the charges are less
Charges are less in equitable mortgage due to lower risk for the lender.
Equitable mortgage relies on the borrower's good faith and does not involve transfer of title deeds.
Since the lender has access to the property in case of default, the risk is lower.
This lower risk leads to reduced charges for the borrower.
Q7. How many RBI act and explain the RBI act
The RBI Act is a legislation that governs the functioning of the Reserve Bank of India.
The RBI Act, 1934 is the primary legislation that governs the Reserve Bank of India.
It outlines the objectives, powers, and functions of the RBI.
The Act empowers the RBI to regulate the issue of banknotes, maintain reserves, and formulate monetary policy.
It also establishes the structure of the RBI, including the roles of the Governor, Deputy Governors, and Central Board of Directors.
Q8. What, s NRE and NRO account.
NRE and NRO accounts are types of bank accounts for non-resident Indians.
NRE stands for Non-Resident External account, which is a rupee-denominated account that allows NRIs to transfer foreign earnings to India and earn tax-free interest.
NRO stands for Non-Resident Ordinary account, which is a savings or current account that allows NRIs to manage their income earned in India and abroad.
NRO accounts have taxable interest, and the account holder must pay taxes on the interest e...read more
Q9. What is mean by SLR and CLR
SLR stands for Statutory Liquidity Ratio and CLR stands for Cash Reserve Ratio.
SLR is the minimum percentage of deposits that banks are required to maintain in the form of liquid cash, gold, or other securities.
CLR is the minimum percentage of deposits that banks are required to maintain with the central bank in the form of cash.
SLR is set by the Reserve Bank of India to control the expansion of credit by banks.
CLR is used by the central bank to control the liquidity in the b...read more
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