ESAF Small Finance Bank Officer Interview Questions and Answers

Q1. General question Tell me about yourself
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Q1. About Accounts Debitor creditor
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Q2. Mutual funds types
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Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.
• Mutual funds can be categorized into equity funds, bond funds, money market funds, and balanced funds.

• Equity funds invest primarily in stocks, offering potential for high returns but also higher risk.

• Bond funds invest in fixed-income securities like government or corpor...read more
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Q3. What is mutual funds
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Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.
• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors can buy shares of mutual funds, which represent a portion of the holdings in the fund.

• Mutual funds offer diversification, liquidity, and professiona...read more
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Q4. Explain in deep
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The question is asking for a detailed explanation of a topic or concept.
• Provide a thorough analysis of the topic, including background information, key points, and examples

• Break down complex ideas into simpler terms for better understanding

• Use visuals or diagrams to aid in explanation if necessary
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Q1. Normal basic details regarding qualifications
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Total 50 questions nd you need to get 90 percent

Q1. Difference between cheque and dd
Ans. 
Cheque is a negotiable instrument where the payment is made directly from the payer's account, while a demand draft is a prepaid instrument where the payment is guaranteed by the issuing bank.
• Cheque is drawn by the account holder on his own account, while a demand draft is issued by the bank on behalf of the payer.

• Cheque can bounce if there are insufficient funds in the account, while a demand draft is prepaid and guar...read more
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Q2. About Mutual funds
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Q1. What are the golden rules of accounting?
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The golden rules of accounting are basic principles that guide the recording of financial transactions.
• The first golden rule is the rule of debit and credit.

• The second golden rule is the rule of consistency.

• The third golden rule is the rule of conservatism.

• The fourth golden rule is the rule of materiality.

• The fifth golden rule is the rule of objectivity.

• For example, the rule of debit and credit states that for every de...read more
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Q2. Which institution is responsible for the regulation of stock market in India?
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Securities and Exchange Board of India (SEBI) is responsible for the regulation of stock market in India.
• SEBI is a statutory regulatory body established in 1988.

• It regulates the securities market in India and protects the interests of investors.

• SEBI ensures transparency and fairness in the functioning of the stock market.

• It also regulates the activities of stockbrokers, sub-brokers, and other intermediaries in the secu...read more
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Q3. What is Fund accounting?
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Fund accounting is a specialized accounting system used by non-profit organizations to track and manage their financial resources.
• It involves tracking and reporting on funds that have been designated for specific purposes or programs

• It ensures that funds are used in accordance with donor restrictions and legal requirements

• It allows for transparency and accountability in financial reporting

• Examples include tracking dona...read more
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Q4. What are Derivatives and its types?
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Derivatives are financial contracts that derive their value from an underlying asset or security.
• Types of derivatives include futures, options, swaps, and forwards.

• Futures are contracts to buy or sell an asset at a predetermined price and date.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price and date.

• Swaps involve exchanging cash flows based on different financ...read more
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Q5. Are you comfortable working with older people?
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Q6. Why did you wait for so long to apply for job after graduation?
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