Bank Clerk Interview Preparation Guide

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☛ Fixed deposit (5 years)
☛ PPF
☛ Equity mutual funds
☛ ELSS
☛ EPF and VPF
☛ NSCs (National Saving Certificate)
☛ ULIPs
☛ NPS (Pension plans)
☛ Life insurance

Policy by which a central authority attempts to control liquidity and interest aimed high growth rate and price stability.

Gross Domestic Product is the sum of all the goods and services produced within physical borders of a country in within a specific period of time.

GNP = GDP + Income of residents overseas income of foreigners within the borders of domestic economy.

Financial messaging network which exchanges messages between banks and financial institutions.

Demat account is the process of converting the physical share certificates into equivalent number of electronic holdings.

Fiscal deficit is an excess of government expenditure over revenue.

Government revenue generation and spending policies that impact the macro economy.

Be honest and specific about your future goals, but consider this. A hiring manager wants to know if you have set realistic expectations for your career, if you have ambition and if the position aligns with your goals and growth. Your best bet is to think realistically about where this position could take you and answer along those lines. And if the position is not necessarily a one way ticket to your aspirations? It is OK to say that you are not quite sure what the future holds, but that you see this experience playing an important role in helping you make that decision.

☛ Lockers
☛ Safe custody of funds
☛ Advancing loans
☛ Fund transfers
☛ Periodic payments
☛ Underwriting of shares
☛ Dealing in foreign exchange
☛ Discounting of loans
☛ Overdraft

Put option is An option which gives right to the Option Holder to sell a certain stock at specified time and specified date.

Call option is an option which gives right to the Option Holder to buy a certain stock at specified time and specified date.

In Derivative market the value of the instruments bought and sold is based on value of the underlying asset. The value of the instrument is 'derived' from the value of the underlying asset and hence it is known as Derivatives.

An Option give right to Option Holder to buy or sell a commodity during a certain period of time or on a specific date.

Features:
☛ Number of deposits per year - 1 to 12
☛ Minimum deposit - Rs 500
☛ Interest received is tax free
☛ Investment is exempted under section 80(c)

Insurance Regulatory And Development Authority (IRDA) is the sole authority to regulate the insurance industry in India , to ensure the growth of insurance industry and protect the interest of policy holders.

☛ Government's banker and performs banking functions for the central and the state governments.
☛ Bankers of banks
☛ Maintain liquidity in the economy
☛ Regulator of country's financial system
☛ Regulates and facilitates foreign trade advisor to the Government of India
☛ Issue currency notes

NABARD is the apex institution for the development of farm sector , cottage industries and small scale industries in rural areas.

NPA stands for Non-Performing Assets. Bank gives loans and advances to it is customers. These loans and advances are bank's assets. When the customers don't repay back the bank's money they do not perform. Such assets are known as Non-Permoerming Assets.

Public Provident Fund is a tax saving investment for individuals.

Besides being presentable in both appearance and demeanor, a bank clerk must be responsible, a quick and efficient worker, and committed to flawless performance. Clients are easily annoyed by mistakes when it comes to their bank accounts and money transactions.

Commercial paper is a short term unsecured debt instrument.

Sensex is the index of top 30 stocks in Stock Exchange(SE). Value of Sensex is calculated using "Free Float Market Capitalization" method.
Free float ratio is number of outstanding shares available for general public to trade.

Buying and selling of government securities and bonds in open market by Government to maintain desired liquidity levels.

Rate at which RBI lends money to commercial banks without any security.