Syndicate Bank Interview Questions & Answers
Candidates who are preparing for Syndicate Bank Interview for posts of PO, Clerk and Specialist, you should have an idea of the type of questions that can be asked in an interview process. To help you in this situation, we are providing some important Syndicate Bank Interview Questions & Answers in the below section so that you assure your selection in an interview.
Important Interview Questions & Answers
Q-1. Who is the Chairman of Syndicate Bank?
Ans. Shri Basant Seth.
Q-2. What is the tagline of Syndicate bank?
Ans. Your faithful and friendly financial partner.
Q-3. Where were the Head Quarters of Syndicate Bank situated?
Ans. Manipal (Udupi Dist), Karnataka, India.
Q-4. In which year the bank came into existence?
Ans. Syndicate Bank was started in 1925 in Udupi, Karnataka.
Q-5. What do you know about Inflation?
Ans. When there is a rise in price of products & decline in value of money, this condition is termed as Inflation.
Q-6. What is a bank?
Ans. A bank is a monetary organization whose foremost activity is to function as a payment agent for customers to borrow and lend money.
Q-7. What is CRR?
Ans. The Cash Reserve Ratio (CRR) is defined as the liquid cash that banks have to keep up with the Reserve Bank of India (RBI) as a definite fraction of their demand and time liabilities.
Q-8. Why do you select PO/Clerk/Specialist job as your career?
Ans. You have to answer that Job Safety and working in a Syndicate bank is a big opportunity and it is a service to motherland.
Q-9. What was the starting name of Syndicate bank?
Ans. Canara Industrial and Banking Syndicate Ltd.
Q-10. How many total branches are there of Syndicate bank?
Q-11. What are the functions of RBI?
Ans. The functions of RBI are as under:
- Bank of Issue
- Financier to Government
- Bankers’ Bank and Lender of previous substitute
- Organizer of Credit
- Guardian of Foreign Reserves
- Managerial functions
- Promotional functions
Q-12. What are the main functions of a commercial bank?
Ans. The main functions of a commercial bank comprise:
a) accepting deposits
b) conceding loans and advances
Q-13. What is SLR?
Ans. Statutory Liquidity Ratio (SLR) refers to the sum that the commercial banks need to preserve in the form of cash, or gold or govt. permitted securities in order to provide credit to the customers.
Q-14. Define Tender Money?
Ans. Currency issued by RBI in the form of Cheques, DDs, and Bankers Cheques.
Q-15. What is Core Banking?
Ans. Networking of Banks to offer wherever any time Banking is termed as Core Banking.
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