India Shelter Finance Corporation Operations Executive Interview Questions and Answers

MCAT test banking related questions and reasoning

Q1. Asked total experience and CTC and work profile
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Q1. With Cluster head final round
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Q1. Difference between OD and C C
Ans. 
OD refers to Overdraft while CC refers to Cash Credit.
• OD is a facility where the account holder can withdraw more than the available balance up to a certain limit, while CC is a facility where the account holder can borrow money up to a certain limit for a specific period.

• OD is usually given to individuals while CC is given to businesses.

• OD interest is charged on the amount overdrawn while CC interest is charged on the...read more
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Q2. What is BG in capital market
Ans. 
BG stands for Bank Guarantee in capital market.
• BG is a type of financial instrument used to secure a loan or transaction.

• It is issued by a bank on behalf of a customer to guarantee payment to a third party.

• BGs are commonly used in international trade and project financing.

• They can be either performance-based or financial-based guarantees.

• BGs can be either cash-backed or non-cash-backed.

• BGs are often required by lenders...read more
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Q3. What is Networth formula
Ans. 
Net worth formula is the difference between total assets and total liabilities of an individual or a company.
• Net worth = Total assets - Total liabilities

• Assets include cash, investments, property, and other valuables

• Liabilities include debts, loans, mortgages, and other financial obligations

• Net worth is a measure of an individual's or company's financial health and stability

• Positive net worth means assets exceed liabil...read more
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