10+ Indian Railways Interview Questions and Answers

A crossed cheque indicates that the amount should be deposited into the payee's account and cannot be cashed over the counter.

• Crossed cheques have two parallel lines on the top left corner.

• The payee's name is written on the cheque, and only they can deposit it into their account.

• Crossed cheques are more secure than open cheques as they prevent fraud and theft.

• Banks may charge a fee for processing crossed cheques.

• Examples of crossed cheques include payroll cheques and dividend...read more

The golden rules of accounts are basic principles that guide the recording of financial transactions.

• The golden rules include the Personal Account, Real Account, and Nominal Account.

• Personal Account: Debit the receiver, credit the giver. For example, when cash is received from a customer, debit the cash account and credit the customer's account.

• Real Account: Debit what comes in, credit what goes out. For example, when purchasing inventory, debit the inventory account and cred...read more

To open a fixed deposit with a bank, visit the bank branch, fill out the necessary forms, provide required documents, and deposit the desired amount.

• Visit the bank branch where you hold an account

• Fill out the fixed deposit form with details like deposit amount, tenure, and nominee information

• Provide necessary documents such as ID proof, address proof, and passport size photographs

• Deposit the desired amount in the fixed deposit account

Communicating with people in the field requires clear and concise messaging through various channels.

• Use clear and concise language to convey information effectively

• Utilize various communication channels such as phone calls, emails, and in-person meetings

• Listen actively to understand the needs and concerns of the individuals in the field

• Provide regular updates and feedback to ensure effective communication

• Establish rapport and build relationships with the people in the field ...read more

Modern rules of accounts refer to the updated accounting standards and practices that are used in the current business environment.

• Modern rules of accounts are based on the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

• They emphasize on transparency, accuracy, and consistency in financial reporting.

• Modern rules of accounts also include the use of technology in accounting processes, such as cloud-based accounting softwar...read more

To take higher account from people for bank, build trust, offer personalized services, provide competitive rates, and maintain good communication.

• Build trust by being transparent and reliable

• Offer personalized services tailored to individual needs

• Provide competitive rates and incentives to attract higher deposits

• Maintain good communication to keep customers informed and engaged

Modern rules of balance sheet include presenting assets and liabilities in order of liquidity.

• Assets are listed in order of liquidity, with the most liquid assets listed first.

• Liabilities are also listed in order of liquidity, with the most immediate liabilities listed first.

• The balance sheet must balance, with total assets equaling total liabilities and equity.

• Intangible assets must be disclosed separately from tangible assets.

• Deferred taxes must be included as a liability.

• C...read more

Taking account of people's opinions involves actively listening, considering different perspectives, and valuing diverse viewpoints.

• Listen actively to what others have to say

• Consider different perspectives before forming an opinion

• Value diverse viewpoints and opinions

• Seek feedback and input from others

• Respect others' opinions even if you disagree

Organization of the Petroleum Exporting Countries

• OPEC is an intergovernmental organization of 13 oil-exporting countries

• It aims to coordinate and unify the petroleum policies of its member countries

• Examples of OPEC member countries include Saudi Arabia, Iran, and Venezuela

RBI regulates and supervises the functioning of PSU banks in India.

• RBI issues guidelines and policies for PSU banks to follow

• RBI conducts regular inspections and audits of PSU banks

• RBI has the power to impose penalties and take corrective actions if necessary

• RBI also provides financial assistance to PSU banks in times of need

• Examples include the recent merger of several PSU banks and the bailout of Yes Bank by RBI

Financial statement analysis involves examining various aspects of financial statements to evaluate a company's financial health.

• Financial statement analysis includes analyzing the income statement, balance sheet, and cash flow statement.

• Ratios such as liquidity ratios, profitability ratios, and solvency ratios are used to evaluate a company's financial performance.

• Trend analysis and benchmarking can also be used to compare a company's financial performance to industry standa...read more

Cash handling procedures involve securely managing and recording all cash transactions.

• Always count cash at the beginning and end of shift

• Use a cash register to record all transactions

• Keep cash in a secure location, such as a locked drawer or safe

• Require dual authorization for large cash transactions

• Regularly reconcile cash on hand with recorded transactions

The greatest mathematician is often debated, but some notable names include Isaac Newton, Carl Friedrich Gauss, and Leonhard Euler.

• Isaac Newton made significant contributions to calculus and the laws of motion.

• Carl Friedrich Gauss is known for his work in number theory and the development of the Gaussian distribution.

• Leonhard Euler made important contributions to calculus, graph theory, and number theory.

Working capital is the difference between a company's current assets and current liabilities.

• Working capital is essential for a company's day-to-day operations.

• It indicates the company's ability to meet its short-term financial obligations.

• Formula: Working Capital = Current Assets - Current Liabilities

• Examples: Cash, accounts receivable, inventory are current assets. Accounts payable, short-term loans are current liabilities.

DBA activities include database design, installation, configuration, backup and recovery, performance tuning, security management, and troubleshooting.

• Database design and implementation

• Installation and configuration of database software

• Backup and recovery of databases

• Performance tuning of databases

• Security management of databases

• Troubleshooting database issues

DSCR Ratio is Debt Service Coverage Ratio, a financial metric used to measure a company's ability to cover its debt obligations.

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

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

• Lenders typically look for a DSCR Ratio of 1.25 or higher when evaluating a company's creditworthiness.

Family plays a crucial role in my life and I prioritize spending quality time with them.

• Family support is important for work-life balance

• I believe in maintaining a healthy work-family balance

• I prioritize family commitments alongside work responsibilities