ICICI Bank Account Assistant Interview Questions and Answers

Q1. What is goods and services tax
Ans. 
Goods and Services Tax (GST) is a consumption tax that is levied on the supply of goods and services in a country.
• GST is a value-added tax that is collected at each stage of the supply chain.

• It replaces multiple indirect taxes like excise duty, service tax, and VAT.

• GST aims to simplify the tax system, reduce tax evasion, and promote ease of doing business.

• There are different GST rates for different goods and services, ...read more
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Q2. Whats sole proprietor ship
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Sole proprietorship is a business owned and operated by one individual, where the owner is personally responsible for all aspects of the business.
• Owned and operated by one individual

• Owner is personally responsible for all aspects of the business

• Simplest form of business organization

• Owner receives all profits but also bears all losses

• Examples: Freelancers, consultants, small retail shops
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Q1. Roles of human resource
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Human resource roles include recruitment, training, employee relations, and performance management.
• Recruitment - sourcing, interviewing, and hiring new employees

• Training - developing and implementing training programs for employees

• Employee relations - handling employee grievances and conflicts

• Performance management - evaluating employee performance and providing feedback

• HR compliance - ensuring adherence to labor laws
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Q2. What is mean by public administration
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Public administration refers to the implementation of government policies and programs by public officials.
• Public administration involves managing public resources and delivering public services.

• It includes activities such as budgeting, planning, organizing, and evaluating government programs.

• Public administrators work in various government agencies at the local, state, and federal levels.

• Examples of public administrat...read more
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Q1. List out and terms of accounts
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Terms of accounts refer to the specific categories used to classify financial transactions in accounting.
• Assets - resources owned by a company (e.g. cash, inventory)

• Liabilities - obligations owed by a company (e.g. loans, accounts payable)

• Equity - the net worth of a company (e.g. retained earnings, common stock)

• Revenue - income generated from business activities (e.g. sales revenue)

• Expenses - costs incurred to generate
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Q2. Finical accounting
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The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
Rs. 400
Rs. 360
Rs. 480
Rs. 320

What is a balance sheet

Q1. Tell me about yourself. Tell me about your job profile and project.
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Q2. Tell me about your technical skills
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