Standard Chartered Operations Manager Interview Questions and Answers

The master circular is a comprehensive document issued by the central bank that consolidates all the guidelines and instructions for banks.

• The master circular provides a single reference point for banks to access all the regulations and guidelines issued by the central bank.

• It helps banks in understanding and implementing the various policies and procedures effectively.

• The master circular covers a wide range of topics ...read more

Fake note process involves identifying and handling counterfeit currency.

• Train employees on how to identify fake notes

• Use counterfeit detection machines

• Report any suspicious activity to authorities

• Keep a record of all fake notes received

• Destroy fake notes to prevent circulation

Cheque type refers to the format and design of a cheque, which can vary depending on the issuing bank and country.

• Different types of cheques include bearer cheques, order cheques, crossed cheques, and self cheques.

• Cheque types can also vary based on the currency used and the language in which the cheque is written.

• Some countries have specific regulations regarding cheque types and their usage.

• Cheque types can also be c...read more

Basic difference between Operations Manager and Operations Director

• Operations Manager is responsible for day-to-day operations while Operations Director oversees long-term strategies

• Operations Manager reports to Operations Director

• Operations Director sets goals and objectives while Operations Manager ensures they are met

• Operations Director focuses on overall performance while Operations Manager focuses on specific task

Negotiable instruments can be transferred to a third party while non-negotiable instruments cannot.

• Negotiable instruments are transferable to a third party without affecting its validity

• Non-negotiable instruments cannot be transferred to a third party

• Examples of negotiable instruments include checks, promissory notes, and bills of exchange

• Examples of non-negotiable instruments include receipts, invoices, and purchase o