Clerk Interview Questions and Answers for Freshers

Types of accounts in a bank include savings, checking, money market, certificate of deposit (CD), and individual retirement accounts (IRA).

• Savings account: Earns interest on deposited funds

• Checking account: Used for everyday transactions

• Money market account: Offers higher interest rates than savings accounts

• Certificate of deposit (CD): Fixed-term account with higher interest rates

• Individual retirement accounts (IRA): Designed for retirement savings

The bank that tied up with CSC VLEs is State Bank of India (SBI).

• State Bank of India (SBI) has tied up with CSC VLEs.

• The partnership between SBI and CSC VLEs aims to provide banking services in rural areas.

• CSC VLEs act as banking correspondents for SBI, offering various financial services to the rural population.

• This collaboration helps in promoting financial inclusion and reaching the unbanked population.

A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time.

• It shows the financial position of a company.

• It includes assets, liabilities, and shareholders' equity.

• Assets are what the company owns, liabilities are what it owes, and shareholders' equity represents the ownership interest.

• The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.

• It h...read more

State Bank of India (SBI) sells electoral bonds.

• Electoral bonds are sold by State Bank of India (SBI).

• SBI is the only authorized bank to issue and sell electoral bonds in India.

• Electoral bonds were introduced in 2018 as a way to make political funding more transparent.

• These bonds can be purchased by any citizen or company registered in India.

• The bonds can be used to make donations to registered political parties.

• The identity of the donor is kept confidential.