Assistant Branch Head

Assistant Branch Head Interview Questions and Answers

Updated 7 Sep 2024

Q1. Market value of property is 20 lac. And circles rate are 2000 sq mt. Then.. Which is valuable for us..?????

Ans.

The market value of the property is more valuable for us than the circle rate.

Market value is determined by the actual selling price of the property in the market.
Circle rate is the minimum value at which the government values a property for taxation purposes.
In this case, the market value of 20 lac is more valuable as it reflects the true worth of the property.
The circle rate of 2000 sq mt may not accurately represent the current market value.

Q2. who is the control authority of insurance industry

Ans.

The control authority of the insurance industry is typically the government regulatory body responsible for overseeing insurance companies.

The control authority may vary by country, but in the United States, it is the state insurance department.
The control authority sets regulations and guidelines for insurance companies to ensure they are operating fairly and within the law.
Examples of control authorities in other countries include the Financial Conduct Authority (FCA) in th...read more

Q3. How to deposit cash in s.b/r.d account.

Ans.

Cash can be deposited in s.b/r.d account by visiting the bank and filling out a deposit slip.

Visit the bank and approach the teller or use the ATM
Fill out a deposit slip with the account number and amount to be deposited
Hand over the cash and deposit slip to the teller or insert the cash and deposit slip into the ATM
Verify the deposit amount and collect the receipt

Q4. who is the supreme of IRDAI

Ans.

The supreme authority of IRDAI is the Insurance Regulatory and Development Authority of India.

The Insurance Regulatory and Development Authority of India (IRDAI) is the apex body overseeing the insurance sector in India.
It was established in 1999 by the IRDAI Act, 1999.
IRDAI's primary role is to regulate and promote the insurance industry in India, ensuring fair practices and protecting the interests of policyholders.
The Chairman of IRDAI is the highest authority within the o...read more

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Q5. How can we get growth?

Ans.

To achieve growth, we can focus on expanding our customer base, improving customer retention, increasing sales through marketing strategies, and exploring new business opportunities.

Expand customer base through targeted marketing campaigns
Improve customer retention by providing excellent customer service and loyalty programs
Increase sales through effective marketing strategies such as promotions, discounts, and partnerships
Explore new business opportunities such as entering n...read more

Q6. How to operate R.I.C.T device.

Ans.

RICT device is operated by following the user manual and using the touch screen interface.

Read the user manual thoroughly before operating the device.
Turn on the device using the power button.
Use the touch screen interface to navigate through the options.
Follow the prompts on the screen to perform the desired function.
Ensure proper maintenance and calibration of the device.
Examples: RICT device can be used for remote monitoring of patients' vital signs, or for controlling med...read more

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Q7. what is sum assured

Ans.

Sum assured is the guaranteed amount that an insurance company will pay out in the event of a claim.

Sum assured is the maximum amount that an insurance policy will pay out to the policyholder or their beneficiaries.
It is specified in the insurance policy and is agreed upon by the insurer and the policyholder.
The sum assured can vary depending on the type of insurance policy, such as life insurance, health insurance, or property insurance.
For example, in a life insurance polic...read more