Why do you think you?re suited to a career in investment banking?

Correct Answer: Nationalized banks are also known as public sector banks where the government is responsible for the deposition of money in these banks while in a private bank money is deposited by the person who owns the bank

Correct Answer: A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public

Correct Answer: Accounts Receivable

Correct Answer: operating income after taxes minus depreciation

Correct Answer: the purchase of 100 shares of AT&T by a retired business executive

Correct Answer: Much of your answer to this question will depend on your role ? so do some careful research into your chosen department In M&A, you might spend much of your time on financial models related to the deals you?re working on, while in a trading role you might start out by assisting more senior members of the team before being given the chance to manage a trading book yourself Beyond that, it?s important to show that you?ll be keen to take on responsibilities, but that you also recognise that your first year is about learning the ropes, usually means include following instructions from others and completing some mundane tasks

Correct Answer: Banks provide their clients with advice, assistance in arranging financing, and other services, such as access to trading on the markets, investment management, and risk reduction Their main source of revenue is the fees they charge their clients for these services Some banks have departments which invest or trade the bank?s own money to generate returns, though the extent to which they can do so has become more limited in recent years

Correct Answer: The advantage of equity finance for a company ? raising money by selling shares ? is that this money does not have to be repaid However, new shareholders usually get to have a say in how the company is run Despite these rights, equity is often seen as a risky choice for investors as they will lose all their money if the company doesn?t prosper If it does well, on the other hand, they may see their stake multiply in value many times over Debt finance ? money raised through loans ? must be repaid eventually by a company, usually with interest, but lenders won?t be able to exert as much influence as shareholders over how the company does business The debt of a reliable company is usually seen as a safe investment, but fixed repayment schedules means that there are few opportunities for large returns

Correct Answer: Bank Rate is the interest rate at which the RBI allows finance to commercial banks By Bank Rate, we mean bank can regulate the level of economic activity

Correct Answer: a) Checking Account: You can access the account as the saving account but, unlike saving account, you cannot earn interest on this account The benefit of this account is that there is no limit for withdrawal b) Saving Account: You can save your money in such account and also earn interest on it The number of withdrawal is limited and need to maintain the minimum amount of balance in the account to remain active c) Money Market Account: This account gives benefits of both saving and checking accounts You can withdraw the amount and yet you can earn higher interest on it This account can be opened with a minimum balance d) CD (Certificate of Deposits) Account: In such account you have to deposit your money for the fixed period of time (5-7 years), and you will earn the interest on it The rate of interest is decided by the bank, and you cannot withdraw the funds until the fixed period expires