IDBI Bank Assistant General Manager Interview Questions and Answers

Black money in India is not tamed due to various reasons including corruption, tax evasion, and lack of effective measures.

• Corruption: Widespread corruption among government officials and politicians allows black money to thrive.

• Tax evasion: High levels of tax evasion by individuals and businesses contribute to the accumulation of black money.

• Lack of effective measures: Inadequate enforcement and loopholes in the legal...read more

Privatization can improve customer service delivery, but it is not always the answer.

• Privatization can introduce competition, leading to better customer service.

• Private companies may have more resources and flexibility to invest in customer service improvements.

• However, privatization does not guarantee better customer service as it depends on various factors like regulation and accountability.

• Examples of successful pri...read more

Capital cost refers to the cost of acquiring or constructing physical assets such as buildings, equipment, and machinery.

• It is a one-time cost incurred at the beginning of a project or investment.

• It is also known as initial cost or startup cost.

• Examples include the cost of purchasing land, building a factory, or buying machinery.

• It is different from operating costs, which are ongoing expenses incurred to keep the busin...read more

Govt schemes often fail to achieve desired effect due to various reasons.

• Lack of proper implementation and monitoring

• Corruption and mismanagement of funds

• Lack of awareness and education among the target population

• Inadequate funding and resources

• Political interference and bureaucratic hurdles

• Unrealistic goals and targets

• Lack of participation and involvement of stakeholders

• Inefficient and outdated policies

• Inability to ad...read more

Yes, Fin Tech has a greater role to play in the financial sector.

• Fin Tech has revolutionized the financial sector by introducing innovative solutions and improving efficiency.

• It has made financial services more accessible and convenient for customers.

• Fin Tech companies have disrupted traditional banking models by offering alternative lending platforms, digital payment solutions, and robo-advisory services.

• The use of ar...read more

Yes, India can achieve 5 Trillion Dollar Economy by focusing on infrastructure, technology, education, and ease of doing business.

• Investment in infrastructure development such as roads, railways, airports, and ports

• Promotion of technology and innovation to increase productivity and efficiency

• Improvement in education and skill development to create a skilled workforce

• Simplification of regulations and procedures to impro...read more

Central bank digital currency (CBDC) is a digital form of a country's fiat currency issued and regulated by the central bank.

• CBDC is a digital version of a country's currency that is issued and regulated by the central bank.

• It is designed to function as a secure and efficient medium of exchange, just like physical cash.

• CBDC can be used for both retail and wholesale transactions, enabling individuals and businesses to m...read more

Monetization of budget deficit refers to the process of financing government spending by printing new money or borrowing from the central bank.

• It involves creating new money to finance government spending

• It can lead to inflation and devaluation of currency

• It can also lead to increased government debt

• Examples include quantitative easing and deficit financing

• It is often used as a last resort when other financing options

Brexit's impact on UK's future is uncertain and depends on various factors.

• Brexit may lead to new trade deals with non-EU countries

• It may also result in loss of access to EU markets and talent

• The impact on industries like finance and agriculture is unclear

• Brexit may also affect the unity of the UK

• Overall, the long-term effects of Brexit are difficult to predict

The flip side of digital economy is the potential loss of jobs and the widening income inequality.

• Digital economy may lead to automation and job displacement

• It may also widen the income gap between those with digital skills and those without

• Privacy and security concerns may arise with increased use of technology

• Digital divide may deepen, leaving behind those who lack access to technology

• E-waste and environmental impact

Green finance refers to financial investments that support environmentally sustainable economic growth.

• Green finance includes investments in renewable energy, energy efficiency, sustainable agriculture, and clean transportation.

• It also involves the integration of environmental, social, and governance (ESG) factors into investment decision-making.

• Green bonds, green loans, and green insurance are examples of financial pr...read more