Stratogent Technology Services Interview Questions and Answers

Credit cards allow you to borrow money while debit cards use your own funds.

• Credit cards charge interest on unpaid balances while debit cards do not.

• Credit cards offer rewards and cashback programs while debit cards do not.

• Credit cards have a credit limit while debit cards have a spending limit based on available funds.

• Credit cards can help build credit history while debit cards do not affect credit scores.

• Examples of credit cards include Visa, Mastercard, and American Expres...read more

Current accounts are for businesses while savings accounts are for individuals. Savings accounts offer interest while current accounts do not.

• Current accounts are designed for businesses to manage their day-to-day transactions.

• Savings accounts are meant for individuals to save money and earn interest on their savings.

• Savings accounts usually have a limit on the number of withdrawals per month while current accounts do not.

• Current accounts usually have higher transaction fees ...read more

The permission for building the 2nd floor at panchayat is granted by the local panchayat authority.

• The local panchayat authority is responsible for granting permission for construction in their jurisdiction.

• The applicant needs to submit the necessary documents and pay the required fees to obtain the permission.

• The authority may conduct a site inspection to ensure that the construction adheres to the local building codes and regulations.

• The permission may be granted with certa...read more

Secured loans are backed by collateral while unsecured loans are not.

• Secured loans require collateral such as a house or car to be put up as security

• Unsecured loans do not require collateral but may have higher interest rates

• Examples of secured loans include mortgages and auto loans

• Examples of unsecured loans include credit cards and personal loans

Before disbursement, certain things need to be verified.

• Verification of all necessary documents

• Confirmation of eligibility criteria

• Assessment of creditworthiness

• Validation of collateral

• Compliance with legal and regulatory requirements