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Finance Interview Questions & Answers - Learning Mode
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Finance Interview Questions & Answers - Learning Mode

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. "Finance" is a broad term that describes two related activities: the study of how money is managed and the actual process of acquiring needed funds.

Try Finance Interview Questions & Answers - Exam Mode

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Finance Interview Questions & Answers - Learning Mode
Try Finance Interview Questions & Answers - Exam Mode
Question: What is the difference between real money & nominal money?

Answer: Nominal money is related to the measure of counting. nominal<br>figure is what is written on the bill. where as real money<br>relates to it's purchasing power.<br>for eg:<br>if 10 units in nominal money can buy 2 chocolates in 1980 and <br>1 chocolate in 2000, in the same way, 10 units of nominal<br>money is 10units of real money in 1980 and 5 units of real<br>money in 2000. Source: CoolInterview.com
Question: Please give me the name of nationalise banks in 1980 only?

Answer: The Government of Indian First phase 14 Nationalized banks:
1. Bank of India
2. Union Bank of India
3. Bank of Baroda
4. Bank of Maharashtra
5. Punjab National Bank
6. Indian Bank
7. Indian Overseas Bank
8. Central Bank of India
9. Canara Bank
10. Syndicate Bank
11. United Commercial Bank
12. Allahabad Bank
13. United Bank of India
14. Dena Bank

2nd phase 6 banks in 80s
1. Andhra Bank
2. Corporation Bank
3 New Bank of India
4. Oriental Source: CoolInterview.com
Question: Have you applied to any other areas apart from banking?

Answer: Here off course your answer will hold some other finance or sales and marketing careers ? insurance or accountancy, altogether these careers should have skills related to banking. Source: CoolInterview.com
Question: can i carry indian currency to other countries and convert it there itself eg:- UK,USA?

Answer: Look your question is having little confusion.
Still what I understand is like this. All most all the
international markets are integrated through various
technology and web.
Thus it is well known as OTC(over the counter). Therefore
you can carry any currency to foreign country and get it
converted over there. Even banks offer this service....you
can covert currency from your home through some clicks on
your computer mouse. Source: CoolInterview.com
Question: What Is The Difference Between JOURNAL ENTRY & LEDGER

Answer: A journal is also called as a book of prime entry.
transactions occured are first entered in this book to show
which accounts should be debited and which should be credited.

on the basis of entries made in the journal, accounts are
prepared, the book which contains the accounts is called a
ledger. transactions entered in the journal are classified
according to their nature and posted in their respective
accounts in ledger. it is also called as book of final entry Source: CoolInterview.com
Question: Being the finance manager being of a company how will you make finance forecasting ?

Answer: First I will review the previous year's financial
statements to get an Idea about the financial operations.
Then will discuss with the management about the current
year's targets (viz. sales / services) & their growth
expectations. Based on that will prepare provisional P&L
acct & Balance sheet. I also will check whether there is
any posibility in cost cutting and make the adjustments
accordingly to arrive at expected profit. Source: CoolInterview.com
Question: What is Demat Account? what is the use of it?

Answer: Demat means Dematerialisation of share, in simple it is an account with which a person can trade in security market without which a person cannot buy or sell any share in security market. Source: CoolInterview.com
Question: What is the difference between real money & nominal money?

Answer: 1)nominal money is related to the measure of counting. nominal figure is what is written on the bill. where as real money relates to it's purchasing power. for eg: if 10 units in nominal money can buy 2 chocolates in 1980 and 1 chocolate in 2000, in the same way, 10 units of nominal money is 10units of real money in 1980 and 5 units of real money in 2000.

2)The nominal money has no purcahsing power, where as the real money has purchasing power. Source: CoolInterview.com
Question: When should a company buy back stock?

Answer: When it believes the stock is undervalued and believes it can make money by investing in itself. This can happen in a variety of situations. For example, if a company has suffered some decreased earnings because of an inherently cyclical industry (such as the semiconductor industry), and believes its stock price is unjustifiably low, it will buy back its own stock. On other occasions, a company will buy back its stock if investors are driving down the price precipitously. In this situation, the Source: CoolInterview.com
Question: What is accounting management?

Answer: Accounting management is the pratical application of management techniques to control and report on the financial health of the organisation.
It involves the analysis, planning, implementation and cotrol of programs designed to provide financial data reporting for managerial decision making. Source: CoolInterview.com
Question: Why do some stocks rise so much on the first day of trading and others don't? How is that "money left on the table?"

Answer: By "money left on the table," bankers mean that the company could have successfully completed the offering at a higher price, and that the difference in valuation thus goes to initial investors rather than the company. Why this happens and when it will happen is not easy to predict from responses received from investors during roadshows. Moreover, if the stock rises a lot the first day it is good publicity for the firm. But in many ways it is money left on the table because the company could hav Source: CoolInterview.com
Question: what is the difference betwen p & l ac and income & expenditure statement

Answer: P&L A/c is prepared for the Business Organization whose aim
is to earn profit by running business whereas Income &
Expenditure A/c is prepared for the non-Profit
Organization,Trusts etc. Source: CoolInterview.com
Question: Why would a company distribute its earnings through dividends to common stockholders?

Answer: Regular dividend payments are signals that a company is healthy and profitable. Also, issuing dividends can attract investors (shareholders). Finally, a company may distribute earnings to shareholders if it lacks profitable investment opportunities. Source: CoolInterview.com
Question: What is Treasury Bills?

Answer: Treasury Bills are money market instruments to finance the short term requirements of the Government of India. These are discounted securities and thus are issued at a discount to face value. Source: CoolInterview.com
Question: What is Networth?

Answer: Networth is the total assets minus total liabilities of a company. Source: CoolInterview.com
Question: distinguish between speculator and hedger

Answer: The main difference lies in the motive of the two parties.
The main motive of the hedger is to hedge(minimize) the
risk from the occurence of some events.

The motive of the speculator is to gamble in the market in
order to make the profit by buying/selling the derivative
products. Source: CoolInterview.com
Question: Who are our major competitors and what differences do you notice in our products?

Answer: The company will be expecting that you have done your research on the industry generally. You should be familiar with the bank's products and services ? literature on these can be picked up at any branch. Read the banks brochures and annual reports ? these may be in the careers information room.
Be aware of current trends in the market and try to find out what each bank is doing in these areas. Source: CoolInterview.com
Question: What is CareCredit?s healthcare financing? How does it work?

Answer: CareCredit's healthcare financing is unique. Unlike a traditional credit card, CareCredit offers financing specifically for healthcare treatments and procedures. These treatments can include much needed family dental work, cosmetic surgery or even veterinary services for your family's pet. It's easy to apply for CareCredit financing online at carecredit.com and you find out instantly if you are approved. CareCredit also gives you a 'No Interest' option, as well as an Extended Source: CoolInterview.com
Question: What are debentures?

Answer: A Debenture is " A certificate of agreement of loans which is given under the company's stamp and carries an undertaking that the debenture holder will get a fixed return and the principal amount whenever the debenture matures. Source: CoolInterview.com
Question: What is the difference between JOURNAL ENTRY & LEDGER

Answer: A journal is also called as a book of prime entry.<br>transactions occured are first entered in this book to show<br>which accounts should be debited and which should be credited.<br><br>on the basis of entries made in the journal, accounts are<br>prepared, the book which contains the accounts is called a<br>ledger. transactions entered in the journal are classified<br>according to their nature and posted in their respective<br>accounts in ledger. Source: CoolInterview.com

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Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
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A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
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There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
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