Abhitech Energycon Interview Questions and Answers

IDBI was established in 1964 as a subsidiary of RBI and later became an independent entity in 2004.

• IDBI was established in 1964 as a subsidiary of RBI to provide credit and other facilities for the development of industries in India.

• In 1976, IDBI was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India.

• In 2004, IDBI became an independent entity after the RBI sold its entire st...read more

A manager oversees operations, manages staff, and makes decisions to achieve organizational goals. CRR, SLR, and Repos are financial terms. PMAY is a government scheme for affordable housing.

• Managers oversee day-to-day operations and make decisions to achieve organizational goals

• They manage staff, delegate tasks, and ensure that work is completed efficiently and effectively

• CRR (Cash Reserve Ratio) is the percentage of deposits that banks must keep with the central bank as a r...read more

Yes, it is beneficial from my point of view.

• It allows for growth and development within the company.

• It provides opportunities for learning and advancement.

• It can lead to increased job satisfaction and motivation.

• It may result in higher pay and benefits.

• For example, when I was promoted to Assistant Manager at my previous job, I was able to take on more responsibilities and learn new skills.

• This ultimately led to a higher salary and better benefits package.

• Overall, I believe th...read more

Demonetization in India started on November 8, 2016.

• Demonetization refers to the act of stripping a currency unit of its status as legal tender.

• On November 8, 2016, the Indian government announced the demonetization of all ₹500 and ₹1,000 banknotes.

• The move was aimed at curbing black money, counterfeit currency, and corruption.

• New ₹500 and ₹2,000 banknotes were introduced in exchange for the old ones.

• The demonetization process lasted until December 30, 2016.

CASA ratio is the ratio of a bank's current account and savings account deposits to its total deposits.

• CASA stands for Current Account and Savings Account

• It is a measure of a bank's ability to generate stable deposits

• Higher CASA ratio indicates lower cost of funds for the bank

• CASA ratio is an important metric for banks as it affects their profitability

• Example: If a bank has total deposits of $100 and $60 of it is from current and savings accounts, then the CASA ratio is 60%