Bank of Maharashtra Officer Scale 2 Interview Questions and Answers

DSCR stands for Debt Service Coverage Ratio, which is a financial metric used to measure a company's ability to pay its debts.

• DSCR is calculated by dividing a company's net operating income by its total debt service.

• A DSCR of 1 or higher indicates that a company is generating enough income to cover its debt payments.

• Lenders typically require a DSCR of at least 1.25 before approving a loan.

• DSCR is commonly used in real ...read more

Experienced manager with a proven track record in leading teams and achieving results.

• 10+ years of management experience

• Strong leadership and communication skills

• Proven ability to motivate and inspire teams

• Track record of achieving targets and driving growth

• Experience in strategic planning and decision-making

• Ability to adapt to changing environments and handle challenges

• Excellent problem-solving and decision-making ski...read more

Article 3, 17, 28 in UCP 600

• Article 3: Examines documents for compliance with terms of credit

• Article 17: Bank is not liable for consequences of delay or error in transmission

• Article 28: Discrepancies in documents must be notified within 5 banking days

FDI stands for Foreign Direct Investment. It is the process of investing in a foreign country and establishing business operations there.

• FDI refers to the investment made by a company or individual from one country into another country.

• The procedure to settle the fund involves various steps such as obtaining necessary approvals, opening a bank account, and complying with regulatory requirements.

• For example, if a compan...read more

EDPMS & IDPMS are software systems used in Indian government for monitoring and evaluation of development projects.

• EDPMS stands for Electronic Development Project Monitoring System

• IDPMS stands for Integrated Development Project Monitoring System

• Both systems are used by Indian government for monitoring and evaluation of development projects

• EDPMS is used for monitoring centrally sponsored schemes while IDPMS is used for

The question is related to legal terms and refers to BG, Section 28, and continuous clause.

• BG stands for 'Bonded Guarantee' which is a type of financial guarantee provided by a bank or insurance company to a contractor.

• Section 28 refers to a specific section in the Indian Contract Act, 1872 which deals with the rights and obligations of parties in a contract.

• Continuous clause is a legal provision that allows a contract...read more

Overdue bill of entry & caution listed shipping bill are called when...

• Overdue bill of entry is called when the importer fails to submit the bill of entry within the prescribed time limit.

• Caution listed shipping bill is called when the importer fails to pay the customs duty within the prescribed time limit.

• Both are called to remind the importer to complete the necessary formalities to clear the goods from customs.

• Failu...read more

GR waiver is a document that allows a company to import goods without paying customs duty.

• GR stands for 'Goods Received'

• Waiver is granted by the Reserve Bank of India

• It is applicable for goods imported for display or use in trade fairs, exhibitions, etc.

• It is also applicable for goods imported for repair or replacement under warranty

• GR waiver is not applicable for goods imported for sale or for personal use

Banking refers to the business of accepting deposits and lending money.

• Banking involves financial institutions that accept deposits from customers and use those funds to make loans to other customers.

• Banks also offer a range of other financial services, such as credit cards, investment products, and insurance.

• Banking is regulated by government agencies to ensure the safety and soundness of the financial system.

• Examples...read more

ECB FCCB can be funded through sources like equity, debt, bonds, and loans.

• Equity funding

• Debt funding

• Bonds funding

• Loans funding