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Home Interview Accounting and Finance Comments

  • Question
  • Which payment method typically charges the highest interest rates?


  • Options
  • A. Credit cards
  • B. Payday loans
  • C. Cashier's checks
  • D. Pre-paid cards

  • Correct Answer
  • Payday loans 

    Explanation

    Both Credit cards and Payday loans payment methods typically charges the highest interest rates. When compared Payday loans seems to charge a little bit higher interest rates than Credit Cards interest rates.

  • Tags: Bank Exams, CAT, Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. When a debtor owes several debts to a banker and makes a payment, the right of appropriation lies with

    • Options
    • A. The Court
    • B. The Banker
    • C. The Debtor
    • D. All the above
    • Discuss
    • 2. Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

    • Options
    • A. Janalakshmi
    • B. Utkarsh
    • C. Suryoday
    • D. None
    • Discuss
    • 3. When an already listed organisation makes fresh issue of securities to the public, it is known as ________.

    • Options
    • A. IPO
    • B. Preferential Issue
    • C. Rights Issue
    • D. FPO
    • Discuss
    • 4. Which among the following is an asset for a bank?

    • Options
    • A. The loans disbursed by Bank to its customers
    • B. Cash Deposits of Customers
    • C. Investments made by Bank?s customers in its financial Products
    • D. All of the above
    • Discuss
    • 5. What is the full form of SOX and what does it means in Accounting ?
    • Discuss
    • 6. Which is the largest foreign bank in India ?

    • Options
    • A. HDFC Bank
    • B. American Express Bank Ltd
    • C. DBS Bank Ltd
    • D. Standard Chartered Bank
    • Discuss
    • 7. Headquarters of State Bank of India is in

    • Options
    • A. Noida
    • B. Mysore
    • C. Mumbai
    • D. Hyderabad
    • Discuss
    • 8. How Would You Assist an Employee Whose Tax Withholdings Are Inaccurate?
    • Discuss
    • 9. What items would you verify when processing an expense report /invoice for payment?
    • Discuss
    • 10. What is the journal entry process from the time of generating an invoice to receiving payment?
    • Discuss


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