SBI Payment Services Accounts Officer Interview Questions and Answers

Basic questions are asked

Q1. Tell me about yourself
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Ai vs human resources

Q1. Gives us your Introduction
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Q2. What is your family background
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Q1. What is your name
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Q2. Where do you stay
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Buy now and pay later. Is it a trap or convenience

Q1. Equity or debt. which carry less risk.
Ans. 
Equity carries less risk compared to debt.
• Equity represents ownership in a company, while debt represents borrowing money that needs to be repaid with interest.

• Equity holders have a claim on assets and earnings of a company after all debts are paid off, making it less risky.

• Debt holders have a priority claim on assets and earnings, and failure to repay debt can lead to bankruptcy.

• Equity investments are subject to marke...read more
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Q2. What should be the ideal credit cycle.
Ans. 
The ideal credit cycle is typically around 30 days, allowing enough time for customers to pay invoices without causing cash flow issues.
• Ideal credit cycle is around 30 days to balance timely payments and cash flow.

• Shorter credit cycles may improve cash flow but could deter customers.

• Longer credit cycles may attract more customers but can strain cash flow.

• Consider industry standards and customer payment habits when dete...read more
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Q3. What is cost of capital
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Cost of capital is the required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.
• Cost of capital is the weighted average cost of debt and equity used by a company to finance its operations.

• It represents the minimum return that a company must earn on its investments to satisfy its shareholders or investors.

• It is used in capital budgeting to evaluate new projects or investm...read more
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Testing my confidence and skills

Q1. Tell About yourself, tell about your home town
Ans. 
I am an Account Assistant with a passion for numbers and financial analysis. I come from a small town called XYZ, known for its rich cultural heritage and scenic beauty.
• XYZ is a picturesque town located in the foothills of the mountains.

• The town is famous for its annual cultural festival, where people from all over the region come to showcase their traditional dances and music.

• One of the main attractions in XYZ is the ...read more
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Q2. Tell about your family background
Ans. 
My family background is diverse and supportive.
• My parents are both professionals, my father is a lawyer and my mother is a doctor.

• I have two siblings, an older brother who is an engineer and a younger sister who is studying business.

• We have always been a close-knit family and support each other in our endeavors.

• Growing up, my parents instilled in us the values of hard work, integrity, and perseverance.

• Our family gather...read more
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Q1. Base accounts, golden rules of accounts, Journal enteries
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