State Bank of India Account Assistant Interview Questions and Answers

Public administration refers to the implementation of government policies and programs by public officials.

• Public administration involves managing public resources and delivering public services.

• It includes activities such as budgeting, planning, organizing, and evaluating government programs.

• Public administrators work in various government agencies at the local, state, and federal levels.

• Examples of public administration include managing public schools, law enforcement agenc...read more

Goods and Services Tax (GST) is a consumption tax that is levied on the supply of goods and services in a country.

• GST is a value-added tax that is collected at each stage of the supply chain.

• It replaces multiple indirect taxes like excise duty, service tax, and VAT.

• GST aims to simplify the tax system, reduce tax evasion, and promote ease of doing business.

• There are different GST rates for different goods and services, such as 5%, 12%, 18%, and 28%.

• GST is implemented in many c...read more

Sole proprietorship is a business owned and operated by one individual, where the owner is personally responsible for all aspects of the business.

• Owned and operated by one individual

• Owner is personally responsible for all aspects of the business

• Simplest form of business organization

• Owner receives all profits but also bears all losses

• Examples: Freelancers, consultants, small retail shops

Terms of accounts refer to the specific categories used to classify financial transactions in accounting.

• Assets - resources owned by a company (e.g. cash, inventory)

• Liabilities - obligations owed by a company (e.g. loans, accounts payable)

• Equity - the net worth of a company (e.g. retained earnings, common stock)

• Revenue - income generated from business activities (e.g. sales revenue)

• Expenses - costs incurred to generate revenue (e.g. salaries, utilities)

State Bank of India (SBI) is a government-owned bank and the largest commercial bank in India.

• SBI was founded in 1955 and is headquartered in Mumbai.

• It has over 24,000 branches and 59,000 ATMs across India.

• SBI offers a wide range of banking products and services including personal banking, corporate banking, and international banking.

• It also has subsidiaries such as SBI Life Insurance, SBI Mutual Fund, and SBI Cards.

• SBI has a strong presence in rural and semi-urban areas of I...read more