1. What is Money Laundering?

The term Money Laundering has American origin as far as I know. Laundry is such a business which is entirely cash driven. There is no question of debots.
Few people used to open laundry without actually opening it. They used to show their black money as income from business. That was very convenient way of converting black money into white money.

The term money laundering means converting black money into white money. The ways of money laundering is to open Benami (fake) bank accounts and deposit cash there and then get it transferred in your legitimate bank account.
Or opening Benami demat account, purchasing shares and transferring them in your legitimate demat account etc.

2. Define core banking?

core banking is all the branches of the banks are connected to each other and a customer of the bank can do transactions from any of the branches i.e the customer is not specific to a branch to will be the customer for the bank.

3. Define Retail Banking?

Retail Banking is banks dealing with the retail customers like Individuals, HUF's, Proprietorship concerns, Partnership concerns, Small Pvt. Ltd companies etc.

4. Which kind of information should be recording in department's check log?

For checks received through the mail, at a minimum the following should be recorded on a check log:
★ Payer Name
★ Check Number
★ Amount
★ Check Date
★ Date Check Received
★ Collector's Initials
★ Date Deposited
★ Deposit Slip #
★ Depositor's Initials

5. How to prepare MIS report?

Prepare the same at your end. As it will help you to prepare other such formats too.
I am describing you the contents with sheet wise:

First Sheet-
Details of employee
a. E. Code b. Name of employee
c. Date of birth d. Designation e. CTC
f. Address for communication
g. Permanent address h. Contact number
i. Blood group j. Maximum qualification
k. Extra qualification l. Total Experience

Second Sheet-
Salary structure
In this sheet write down the complete salary structure.. and make a column what is salary after any revision

Third Sheet -
New JoineeS
In this sheet write down the name of New joinees of that month with detail
like
CTC,
Designation,
DOB n etc.

Forth Sheet -
Resigned employees
In this sheet write the name of employees who resigned during
that particular month with details like name, designation, date of joining,
Date of resignation, last working day.

Fifth sheet -
Attrition rate
Based on this MIS report, you may find out the attrition report, Qualification analysis reports, team management reports and so on can prepare a number of reports..

6. When MIS report helpful?

It helps the Management in decision making like what are the reasons of resignation in which area attrition is high and so many things to help in decision making with the help of MIS you may prepare a lot of reports Like annual attrition region wise attrition region wise manpower graphical representation of regions manpower status and so on.

7. What is MIS Report?

MIS report is known as Management Information System regarding the Manpower status of a particular month, place and overall.

8. Can you please explain the difference between discount and rebate?

A discount is a reduction in the price that you pay in the store. A rebate is when you pay the full price in the store, but then the manufacturer refunds some of the price to you afterwards.

9. Can you please explain the difference between Bill of Lading & Shipping Bill?

A bill of lading is a statement to a company of merchandise coming into the store or warehouse. It lists what items that the store or warehouse has ordered, how many palettes the items fit on, and the total weight of the shipment. A shipping bill is the document showing the company or individual the amount he/she owes for each item they have ordered.

10. What is Shipping Bill?

When a customer books a shipment with Freight quote, the bill of lading is automatically generated based on the shipment details entered during the quoting and booking process. The bill of lading should be provided to the carrier on pick up and will be delivered to the consignee on delivery.

Download Interview PDF