Interview Questions and Answers

The Reserve Bank of India (RBI) is the regulatory authority that controls banks in India.

• The RBI is responsible for issuing licenses to banks and regulating their operations.

• It also sets monetary policies and manages the country's foreign exchange reserves.

• The RBI has the power to inspect and audit banks to ensure compliance with regulations.

• In addition, the government of India has some control over public sector banks.

• However, private sector banks are largely controlled by t...read more

Capital market is a financial market where long-term securities are traded.

• It is a market for buying and selling of long-term securities such as stocks, bonds, and debentures.

• It provides a platform for companies and governments to raise funds for their long-term investment needs.

• The capital market is divided into two segments: primary market and secondary market.

• Primary market is where new securities are issued and sold to the public for the first time.

• Secondary market is whe...read more

I promptly isolate the infected system, disconnect it from the network, and report the incident to the IT security team.

• Isolate the infected system to prevent further spread of the ransomware

• Disconnect the infected system from the network to contain the threat

• Report the incident to the IT security team for further investigation and remediation

• Restore data from backups if available

Three Golden Rules are: Do unto others as you would have them do unto you, Love your neighbor as yourself, and Honor your father and mother.

• Do unto others as you would have them do unto you - treat others the way you want to be treated

• Love your neighbor as yourself - show kindness and compassion to those around you

• Honor your father and mother - respect and appreciate your parents and their guidance

Danske Bank money laundering scandal

• Danske Bank's Estonian branch was involved in a money laundering scandal

• Around €200 billion was laundered through the branch between 2007 and 2015

• The scandal led to the resignation of the bank's CEO and several other executives

• Investigations are ongoing in several countries, including Denmark, Estonia, and the US

Insurance is a financial protection against potential losses or risks.

• Insurance is a contract between an individual or entity and an insurance company where the individual/entity pays a premium in exchange for financial protection against potential losses or risks.

• Types of insurance include health insurance, life insurance, auto insurance, home insurance, and more.

• Insurance helps individuals and businesses manage risks by providing financial compensation in case of unexpected...read more

Auto claims refer to insurance claims made for damages or injuries resulting from automobile accidents.

• Auto claims involve filing a claim with an insurance company after a car accident.

• The insurance company assesses the damages and determines the coverage based on the policy.

• Examples of auto claims include claims for vehicle repairs, medical expenses, and property damage.

• Auto claims can also involve disputes over fault and coverage between parties involved in the accident.