What is Bank ?

Answers were Sorted based on User's Feedback



What is Bank ?..

Answer / pradeep gunuguntla

Bank is a financial institution. which is licensed to accept
deposits from the general public and which also provides loans.

Is This Answer Correct ?    7 Yes 0 No

What is Bank ?..

Answer / murugesh

A Bank means lending money to the public & accepting
deposits form the public.

Is This Answer Correct ?    6 Yes 0 No

What is Bank ?..

Answer / prasad rane

I think BANK stands for: B: Borrowing A: Accepting N:
Negotiating K: Keeping

Is This Answer Correct ?    3 Yes 0 No

What is Bank ?..

Answer / thimmappa poojari

Banks are authrised ( by Reserve banks/govt) Financial
institutions which accepts deposits from general public,
firms, companies etc & channels those money into lending
activities under specified guidelines so helps the smooth
functioning of all financial transactions of individual /
business/any concerned / economy as a whole.

Is This Answer Correct ?    1 Yes 0 No

What is Bank ?..

Answer / mayur chavare

Bank is Finacial Inestitutions which follws RBI Bak Rule
and pravides the loan

Is This Answer Correct ?    0 Yes 0 No

What is Bank ?..

Answer / triloksharma71

Bank is A Mediater.

Is This Answer Correct ?    1 Yes 5 No

Post New Answer

More Accounting General Interview Questions

what is the difference between trial balance and ledger account

4 Answers  


Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

0 Answers   IIRM,


How to Calculate Salary..? What is % will be taken for Basic Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side Employer & Employee..

4 Answers   Logistics,


List out some of the examples for liability accounts?

0 Answers  


Mention whether the account "cash" will be credited or debited when a company pays a bill?

0 Answers  






what is tax deducted at source

0 Answers   Construction,


how i will pass the journal entry for the shipping charges

1 Answers  


what is equity shares?

2 Answers   Genpact,


What is mean by authorized capital of company.?

3 Answers   Mphasis,


treatment of reserve fund in trail balance whether debit or credit.

2 Answers  


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why

0 Answers  


How create the invoices?

0 Answers   Infomatics Software Solutions,


Categories