Equipped AI Interview Questions and Answers

Repo rate is the rate at which the central bank of a country lends money to commercial banks.

• Repo rate stands for 'repurchase rate'.

• It is used by central banks to control inflation and liquidity in the economy.

• When the repo rate is high, borrowing from the central bank becomes expensive, leading to a decrease in liquidity and inflation.

• When the repo rate is low, borrowing from the central bank becomes cheaper, leading to an increase in liquidity and inflation.

• For example, if ...read more

Primavera P6 is a project management software used for planning, scheduling, and controlling large-scale projects.

• Primavera P6 helps in creating detailed project schedules with activities, resources, and timelines.

• It allows for tracking project progress, monitoring costs, and analyzing project performance.

• The software enables collaboration among team members and stakeholders, ensuring effective communication and coordination.

• Primavera P6 is commonly used in industries such as...read more

CRR stands for Cash Reserve Ratio, which is the percentage of deposits that banks have to keep with the central bank.

• CRR is a monetary policy tool used by the central bank to control inflation and liquidity in the economy.

• Currently, the CRR in India is 4%.

• If the central bank increases the CRR, banks will have to keep more money with them, which reduces the amount of money available for lending and can lead to a decrease in inflation.

• On the other hand, if the central bank decr...read more

Repo rate is the rate at which the central bank lends money to commercial banks, while reverse repo rate is the rate at which the central bank borrows money from commercial banks.

• Repo rate is used by the central bank to control inflation and liquidity in the economy.

• Reverse repo rate is used to absorb excess liquidity in the market.

• For example, if the repo rate is increased, it becomes more expensive for banks to borrow money from the central bank, leading to a decrease in mo...read more

Insurance provides financial protection against unexpected events, ensuring peace of mind and security for the future.

• Insurance helps protect against financial losses due to unforeseen events like accidents, illnesses, or natural disasters.

• It provides a safety net for individuals and families by covering costs for medical expenses, property damage, or liability claims.

• Insurance offers peace of mind by reducing the financial burden of unexpected events and ensuring a secure fu...read more