Computer Operator and Clerk Interview Questions and Answers for Freshers

Different types of accounts include savings, checking, money market, and credit card. Loans include personal, car, home, and education loans.

• Types of accounts: savings, checking, money market, credit card

• Types of loans: personal, car, home, education

• Savings accounts are used for storing money and earning interest

• Checking accounts are used for everyday transactions

• Money market accounts offer higher interest rates than savings accounts

• Credit cards allow users to borrow money an...read more

Chit fund is a type of savings scheme where a group of people come together to contribute money and take turns to receive a lump sum amount.

• Chit funds are commonly used in India as a form of rotating savings and credit association.

• Participants contribute a fixed amount regularly and one member is chosen to receive the total amount collected each month.

• Chit funds are regulated by the government to prevent fraud and ensure the safety of investors.

• They are often used by individu...read more