20+ Raw Engineering Interview Questions and Answers

The banking sector plays a crucial role in the economy by providing financial services and facilitating economic growth.

• Banks accept deposits from customers and provide loans and credit to individuals and businesses.

• They also offer services such as investment banking, wealth management, and foreign exchange.

• Regulatory bodies like the Federal Reserve oversee and regulate the banking sector to ensure stability and protect consumers.

• Technological advancements have led to the ris...read more

Core functions of banks include accepting deposits, providing loans, facilitating payments, and offering financial services.

• Accepting deposits from customers

• Providing loans to individuals and businesses

• Facilitating payments through various channels

• Offering financial services such as investment management and insurance

• Acting as intermediaries between savers and borrowers

KYC AML stands for Know Your Customer and Anti-Money Laundering. It is a set of regulations and procedures designed to prevent financial crimes.

• KYC involves verifying the identity of customers to ensure they are who they claim to be.

• AML involves monitoring financial transactions to detect and prevent money laundering activities.

• KYC AML regulations are mandatory for financial institutions to comply with.

• Examples of KYC AML measures include customer due diligence, transaction m...read more

A mortgage is a loan taken out to buy property or land, where the property acts as collateral for the loan.

• Mortgages are typically long-term loans with fixed or adjustable interest rates.

• Failure to repay the mortgage can result in foreclosure, where the lender takes possession of the property.

• Common types of mortgages include fixed-rate mortgages, adjustable-rate mortgages, and government-insured mortgages like FHA loans.

• Mortgages involve monthly payments that include both pr...read more

Assets are what a company owns, while liabilities are what it owes. Balance sheet shows financial position. Types of accounts are assets, liabilities, equity, revenue, and expenses.

• Assets are resources owned by a company that have monetary value, such as cash, inventory, and property.

• Liabilities are debts or obligations owed by a company, such as loans, accounts payable, and salaries payable.

• The balance sheet is a financial statement that shows a company's assets, liabilities...read more

For deceased claim without nomination, we need death certificate, legal heir certificate, and KYC documents of legal heirs.

• Death certificate of the account holder

• Legal heir certificate

• KYC documents of legal heirs

• Affidavit from legal heirs

• Succession certificate from court

• Probate of will

GL size refers to the total assets and liabilities of a branch. BCRL is a regulatory requirement for banks in India. BCSBI is a code of conduct for banks.

• GL size is the total assets and liabilities of a branch

• BCRL stands for Basel Committee on Banking Supervision Regulatory Consistency Assessment Programme

• BCSBI stands for Banking Codes and Standards Board of India

• BCSBI is a code of conduct for banks to ensure fair practices and customer protection

Debit and credit processes involve recording financial transactions in a bank account.

• Debit transactions decrease the account balance, while credit transactions increase it.

• Debit cards are used to make payments directly from the account balance.

• Credit cards allow users to borrow money up to a certain limit.

• Debits and credits are recorded in the bank's ledger to track account activity.

• Bank statements show a summary of debit and credit transactions for a specific period.

I have 3 years of experience in manufacturing as an ITI Fitter.

• I have worked on various machines and equipment such as lathes, milling machines, grinders, and drill presses.

• I have experience in reading and interpreting technical drawings and blueprints.

• I am skilled in assembling, fitting, and aligning machine parts and components.

• I have knowledge of different types of materials and their properties.

• I have experience in maintaining and repairing machines and equipment.

• I have w...read more

To convert customers to leading bank, focus on personalized service, competitive rates, and convenience.

• Offer personalized service to make customers feel valued and understood

• Provide competitive rates and incentives to attract customers

• Emphasize convenience through online banking and mobile apps

• Highlight the bank's reputation and stability

• Address any concerns or objections the customer may have

• Follow up with the customer to ensure satisfaction and loyalty

To sell any product, one must understand the customer's needs, highlight the product's benefits, build trust, and provide excellent customer service.

• Understand the customer's needs and preferences

• Highlight the product's features and benefits

• Build trust and credibility with the customer

• Provide excellent customer service and support

• Offer competitive pricing and promotions

• Use persuasive communication and negotiation skills

• Handle objections and address customer concerns

• Close the ...read more

I have 5 years of experience in manufacturing as an ITI Fitter.

• I have worked with various types of machines and equipment.

• I have experience in assembling and disassembling machinery.

• I have knowledge of reading technical drawings and blueprints.

• I have experience in maintaining and repairing machinery.

• I have worked in a team environment and have good communication skills.

Retail loans are loans given to individuals for personal use. There are different types of retail loans based on the purpose of the loan.

• Home loans - for purchasing or constructing a house

• Vehicle loans - for purchasing a car or bike

• Personal loans - for any personal expenses like medical bills, travel, etc.

• Education loans - for funding education expenses

• Gold loans - for taking a loan against gold as collateral

• Consumer durable loans - for purchasing consumer durables like elect...read more

There are two main types of exchanges: centralized exchanges (CEX) and decentralized exchanges (DEX).

• Centralized exchanges (CEX) are operated by a central authority and require users to deposit funds with the exchange to trade.

• Decentralized exchanges (DEX) operate without a central authority and allow users to trade directly with each other using smart contracts.

• Examples of centralized exchanges include Binance, Coinbase, and Kraken.

• Examples of decentralized exchanges include...read more

NEFT cut off time is 7:00 PM on weekdays and 1:00 PM on Saturdays. RTGS cut off time is 6:00 PM on weekdays and 1:00 PM on Saturdays.

• NEFT cut off time: 7:00 PM on weekdays, 1:00 PM on Saturdays

• RTGS cut off time: 6:00 PM on weekdays, 1:00 PM on Saturdays

KYC stands for Know Your Customer, a process used by financial institutions to verify the identity of their clients.

• KYC is a regulatory requirement to prevent money laundering, terrorist financing, and other financial crimes.

• It involves collecting personal information and verifying the identity of customers.

• KYC includes verifying documents such as government-issued IDs, proof of address, and financial statements.

• The process helps financial institutions assess the risk of doin...read more