Banker Interview Questions and Answers

Intangible assets are shown in the balance sheet under non-current assets.

• Intangible assets are assets that lack physical substance, such as patents, trademarks, and goodwill.

• They are shown separately from tangible assets on the balance sheet.

• Intangible assets are usually amortized over their useful life.

• Examples of intangible assets include brand recognition, customer lists, and software licenses.

Fixed cost remains constant regardless of production while variable cost changes with production.

• Fixed cost is a cost that remains constant regardless of the level of production or sales. Examples include rent, salaries, insurance, and property taxes.

• Variable cost is a cost that changes with the level of production or sales. Examples include raw materials, labor, and utilities.

• Total cost is the sum of fixed and variable costs.

• Understanding the difference between fixed and var...read more

Intangible asset is a non-physical asset that has no intrinsic value but holds value due to its legal or intellectual property rights.

• Intangible assets are not physical in nature and cannot be touched or seen.

• They include patents, trademarks, copyrights, goodwill, brand recognition, and intellectual property.

• Intangible assets are valuable because they provide a competitive advantage and generate revenue for the company.

• They are recorded on the balance sheet and can be bought,...read more

Four deputy governors of RBI are BP Kanungo, MK Jain, MD Patra, and Rajeshwar Rao.

• BP Kanungo is in charge of currency management, payment systems, and information technology.

• MK Jain is responsible for banking regulation and supervision.

• MD Patra oversees monetary policy and research.

• Rajeshwar Rao is in charge of financial markets, internal debt management, and international operations.