Tamilnad Mercantile Bank Clerk Interview Questions and Answers

Q1. What is your family background?
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Q2. Where do you see yourself in 5 years?
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Q3. What are your strengths and weaknesses?
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Q4. Tell me about yourself.
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Q1. Abt yourself, why bank and some banking awareness
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Banking exam for 100 marks in the multiple choice questions format. Exam time allowed is 1 hour.

Q1. How many GST rates are in use currently?
Ans. 
There are currently 4 GST rates in use.
• The GST rates are 5%, 12%, 18%, and 28%

• The rates vary depending on the type of goods or services being taxed

• Some goods and services are exempt from GST, such as healthcare and education

• The GST rates are periodically reviewed and may be subject to change
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Q2. Few specific questions on Banking terms and processes which are used frequently in Banks
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Q1. Questions related to accounts ledger trial balance balance sheet banking related knowledge then questions about csr activities
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Q2. What is trial balance
Ans. 
Trial balance is a statement that lists all the general ledger accounts and their balances to ensure they are in balance.
• Trial balance is prepared at the end of an accounting period.

• It includes all the accounts from the general ledger, such as assets, liabilities, equity, revenues, and expenses.

• The purpose of a trial balance is to check the accuracy of the recorded transactions and ensure that debits equal credits.

• If t...read more
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Q3. Journal entry of purchase and sale
Ans. 
A journal entry of purchase and sale records the transactions related to buying and selling of goods or services.
• Journal entry of purchase and sale is a common accounting practice.

• It involves recording the details of purchases and sales in the general ledger.

• The entry includes the date, description, amount, and accounts affected.

• For example, a purchase journal entry may include the debit of an inventory account and the...read more
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Q1. Accounts ledger trial balance balance sheet related questions
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Banking aptitude, Reasoning, and English

Q1. What is Banking ?
Ans. 
Banking is a financial service industry that deals with managing money, providing loans, and facilitating transactions.
• Banking involves accepting deposits from customers and lending money to individuals and businesses.

• Banks provide various financial services such as savings accounts, checking accounts, loans, and credit cards.

• They also facilitate electronic transactions, wire transfers, and currency exchange.

• Banking in...read more
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Q2. What are all the products available in our bank ?
Ans. 
Our bank offers a wide range of products including savings accounts, checking accounts, loans, credit cards, and investment options.
• Savings accounts

• Checking accounts

• Loans

• Credit cards

• Investment options
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Basic knowledge is important and questions will be in general

Q1. Tell me about your self
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Q2. Why did you want to take banking as your career
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Q1. Bring all your certificates which confirms your eligibility
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