Branch Operation Interview Questions and Answers

Disbursement process is the release of funds to a borrower or recipient.

• It involves verifying the borrower's eligibility for the loan or payment.

• The funds are then transferred to the borrower's account or paid directly to the recipient.

• Disbursement process can be manual or automated depending on the organization's policies.

• Examples include student loan disbursement, insurance claim disbursement, and salary disbursement.

OTC/PDD stands for Over-The-Counter and Prescription Drug Division.

• OTC/PDD is a division within a pharmaceutical company that deals with both over-the-counter and prescription drugs.

• Over-the-counter drugs are those that can be purchased without a prescription, while prescription drugs require a doctor's prescription.

• OTC/PDD is responsible for the development, manufacturing, and distribution of these drugs.

• Examples of OTC drugs include pain relievers, cough and cold medicines,...read more

OCR stands for Optical Character Recognition, a technology used to convert scanned images into editable text.

• OCR is used to extract text from images or documents

• It can be used to digitize printed documents

• OCR technology is used in various industries such as banking, healthcare, and retail

• Examples of OCR software include Adobe Acrobat, ABBYY FineReader, and Tesseract

STR stands for Short Tandem Repeats, which are repeating sequences of DNA used in genetic testing.

• STR analysis is used in forensic science to identify individuals based on their DNA.

• It is also used in paternity testing and genealogy research.

• The number of repeats in an individual's STR can vary, making it a useful tool for identifying genetic differences between individuals.