Kosamattam Finance Account Executive 1 Interview Questions and Answers

KYC stands for Know Your Customer.

• KYC is a process used by financial institutions to verify the identity of their customers.

• It involves collecting and verifying customer information to prevent fraud, money laundering, and other illegal activities.

• KYC requirements may include providing identification documents, proof of address, and other relevant information.

• Financial institutions are legally obligated to perform KYC p...read more

There are several types of accounts in finance, including savings, checking, investment, and credit accounts.

• Savings accounts are used to store money and earn interest.

• Checking accounts are used for everyday transactions and often come with a debit card.

• Investment accounts are used to buy and sell stocks, bonds, and other securities.

• Credit accounts allow individuals to borrow money and make purchases on credit.

• Other ty...read more

Hard working is putting in a lot of effort and time, while smart working is finding efficient ways to achieve goals.

• Hard working involves dedicating long hours and putting in a lot of effort.

• Smart working involves finding innovative and efficient ways to complete tasks.

• Hard working may lead to burnout if not balanced with smart working.

• Smart working focuses on prioritizing tasks and utilizing resources effectively.

• Hard...read more