Commercial Bank of Ethiopia Interview Questions and Answers

Reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

• Reconciliation is a financial term used to verify and match transactions between two accounts or statements.

• It helps identify discrepancies, errors, or missing entries in the records.

• Types of reconciliation include bank reconciliation, account reconciliation, and intercompany reconciliation.

• Bank reconciliation involv...read more

Bank reconciliation is the process of comparing a company's bank statement with its own financial records.

• It helps to identify any discrepancies between the two records.

• It ensures that all transactions are accurately recorded in the company's books.

• It involves matching the transactions on the bank statement with the transactions in the company's accounting system.

• Any differences between the two records are investigated...read more

Reconciliation involves identifying and resolving differences between two parties.

• Identify the differences between the parties involved

• Communicate with the other party to understand their perspective

• Find common ground and negotiate a solution

• Agree on a plan of action to move forward

• Follow up to ensure the plan is being implemented and effective

Accounts refer to financial records that track the flow of money in and out of a business. They are important for financial management.

• Accounts are used to track financial transactions such as sales, expenses, and payments.

• They help businesses keep track of their financial health and make informed decisions.

• Accounts are important for tax purposes and for meeting legal requirements.

• Examples of accounts include cash, acc...read more

Bank reconciliation is the process of comparing a company's financial records with those of its bank to ensure accuracy.

• Bank reconciliation involves matching transactions in a company's accounting records with those in its bank statement.

• Any discrepancies are identified and investigated, such as outstanding checks or deposits in transit.

• The goal is to ensure that the company's cash balance in its accounting records mat...read more

ATM reconciliation is the process of ensuring that the amount of cash in an ATM matches the amount recorded in the bank's books.

• ATM reconciliation involves comparing the cash dispensed by the ATM with the transactions recorded in the bank's system.

• Any discrepancies are investigated and resolved to ensure that the ATM balance matches the bank's balance.

• ATM reconciliation is typically done on a daily basis to ensure accu...read more

Error transaction refers to a failed or incorrect transaction that did not complete successfully.

• It can occur due to various reasons such as insufficient funds, incorrect account details, technical issues, etc.

• Error transactions can result in loss of money or delay in processing.

• Examples include failed ATM withdrawals, declined credit card payments, and unsuccessful online transfers.

Error transactions can be rectified by identifying the cause and taking appropriate corrective actions.

• Identify the cause of the error transaction

• Determine the appropriate corrective action

• Implement the corrective action

• Ensure the error transaction is properly documented for future reference

Communicating with customers is crucial for understanding their needs and providing excellent service.

• Listen actively to their concerns and feedback

• Use clear and concise language to avoid confusion

• Be empathetic and understanding of their perspective

• Provide timely and effective solutions to their problems

• Follow up to ensure their satisfaction and loyalty

Passionate about technology and problem-solving

• Fascinated by the rapid advancements in technology

• Enjoy solving complex problems and puzzles

• Opportunity to make a positive impact on society

• High demand for technical skills in the job market

• Personal interest and curiosity in understanding how things work

To decrease scrap level, implement quality control measures, optimize production processes, and train employees.

• Implement quality control measures to identify and rectify defects early on.

• Optimize production processes to minimize waste and improve efficiency.

• Train employees on proper handling and production techniques to reduce errors.

• Regularly monitor and analyze scrap data to identify patterns and areas for improveme...read more

I am open to discussing salary based on the responsibilities and requirements of the position.

• I believe that compensation should be fair and competitive within the industry.

• I am more interested in the overall package, including benefits and growth opportunities.

• I am open to negotiation and would like to learn more about the company's compensation structure.

• I am confident that my skills and experience warrant a competit...read more

I have a Bachelor's degree in Computer Science and 5 years of experience in software development.

• Bachelor's degree in Computer Science

• 5 years of experience in software development

I scored 85% in the technical team interview.

• I scored 85% in the technical team interview.

• My score was 85% in the technical team interview.

• I achieved a score of 85% in the technical team interview.

I have worked on various projects in different industries including automotive, technology, and healthcare.

• Developed a new infotainment system for a major automotive company

• Led the launch of a new mobile app for a tech startup

• Managed the development of a medical device for a healthcare company

• Collaborated with cross-functional teams to improve supply chain processes for a consumer goods company

We have developed automation projects in various domains including manufacturing, logistics, and finance.

• Automated assembly line for a manufacturing company

• Automated inventory management system for a logistics company

• Automated financial reporting system for a finance company

CSS is used to style web pages, while XPath is used to locate elements in XML/HTML documents.

• CSS is primarily used for styling web pages, such as changing colors, fonts, layout, etc.

• XPath is a language used for locating elements in XML/HTML documents based on their attributes or structure.

• CSS is more commonly used for web design and front-end development, while XPath is more commonly used in web scraping or testing aut...read more

Bucket fields are used to group together records based on certain criteria in Salesforce.

• Bucket fields are created in reports and dashboards to group data into categories.

• They are based on a formula that defines the criteria for grouping.

• Bucket fields can be used in filters, charts, and other report features.

• For example, a bucket field can group opportunities by their stage or amount.

• Bucket fields can also be used in f