Assistant Manager 1

Assistant Manager 1 Interview Questions and Answers

Updated 27 Jan 2024
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Q1. What is accounting and what do you mean by BRS

Ans.

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. BRS stands for Bank Reconciliation Statement.

  • Accounting involves keeping track of financial transactions, preparing financial statements, and analyzing financial information to help businesses make informed decisions.

  • BRS is a statement that compares the bank balance as per the bank statement with the balance as per the...read more

Q2. Why your 12 th marks were less as compared to 10th?

Ans.

I focused more on my extracurricular activities and personal development during my 12th grade.

  • I actively participated in various sports and cultural events.

  • I took up leadership roles in school clubs and organizations.

  • I volunteered for community service projects.

  • I pursued additional courses and certifications to enhance my skills.

  • I managed my time effectively to balance academics and other activities.

Assistant Manager 1 Interview Questions and Answers for Freshers

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Q3. How to sell any product to the person.

Ans.

To sell any product to a person, understand their needs and show how your product can fulfill those needs.

  • Listen to the customer and understand their requirements

  • Highlight the benefits of the product that align with the customer's needs

  • Create a sense of urgency by emphasizing the limited availability or time-sensitive nature of the product

  • Offer a solution to any objections or concerns the customer may have

  • Provide excellent customer service to build trust and loyalty

Q4. How to sale any product

Ans.

To sell any product, one must understand the target audience, highlight the benefits, and create a sense of urgency.

  • Identify the target audience and their needs

  • Highlight the unique benefits and features of the product

  • Create a sense of urgency through limited time offers or scarcity

  • Use persuasive language and storytelling to connect with the audience

  • Provide excellent customer service to build trust and loyalty

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Q5. Impact of NPA for banks

Ans.

Non-performing assets (NPAs) have a negative impact on banks by reducing profitability and liquidity.

  • NPAs lead to loss of interest income for banks

  • Banks have to set aside provisions for NPAs, reducing their profits

  • NPAs can affect the bank's ability to lend and grow its business

  • High levels of NPAs can erode investor confidence in the bank

  • Examples: Punjab National Bank, Yes Bank, ICICI Bank have faced NPA issues in the past

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