Privilege Banker Relationship Manager Interview Questions and Answers

Assets are what the bank owns, while liabilities are what the bank owes to others.

• Assets include cash, investments, loans, and physical property.

• Liabilities include deposits, loans from other banks, and bonds.

• The difference between assets and liabilities is the bank's net worth or equity.

• Banks must maintain a balance between their assets and liabilities to ensure stability and profitability.

Cheque is an order to pay while DD is a mode of payment.

• Cheque is issued by an account holder while DD is issued by a bank.

• Cheque can be dishonored due to insufficient funds while DD cannot.

• Cheque can be post-dated while DD is always a current dated instrument.

• Cheque can be bearer or order while DD is always an order instrument.

• Cheque can be stopped while DD cannot be stopped once issued.