Union Bank of India Assistant General Manager Interview Questions, Process, and Tips

Black money in India is not tamed due to various reasons including corruption, tax evasion, and lack of effective measures.

• Corruption: Widespread corruption among government officials and politicians allows black money to thrive.

• Tax evasion: High levels of tax evasion by individuals and businesses contribute to the accumulation of black money.

• Lack of effective measures: Inadequate enforcement and loopholes in the legal...read more

Privatization can improve customer service delivery, but it is not always the answer.

• Privatization can introduce competition, leading to better customer service.

• Private companies may have more resources and flexibility to invest in customer service improvements.

• However, privatization does not guarantee better customer service as it depends on various factors like regulation and accountability.

• Examples of successful pri...read more

Capital cost refers to the cost of acquiring or constructing physical assets such as buildings, equipment, and machinery.

• It is a one-time cost incurred at the beginning of a project or investment.

• It is also known as initial cost or startup cost.

• Examples include the cost of purchasing land, building a factory, or buying machinery.

• It is different from operating costs, which are ongoing expenses incurred to keep the busin...read more

Govt schemes often fail to achieve desired effect due to various reasons.

• Lack of proper implementation and monitoring

• Corruption and mismanagement of funds

• Lack of awareness and education among the target population

• Inadequate funding and resources

• Political interference and bureaucratic hurdles

• Unrealistic goals and targets

• Lack of participation and involvement of stakeholders

• Inefficient and outdated policies

• Inability to ad...read more