Federal Bank Interview Questions and Answers

IRR (Internal Rate of Return) is the discount rate that makes the net present value of cash flows from an investment equal to zero.

• IRR is used to evaluate the profitability of potential investments.

• A higher IRR indicates a more attractive investment opportunity.

• For example, if an investment has an IRR of 15%, it means the investment is expected to grow at that rate annually.

• IRR can be compared to the required rate...read more

Faced a performance issue in a React Native app due to heavy data processing, resolved by optimizing state management and using memoization.

• Identified performance lag during data rendering in the app.

• Used React's useMemo and useCallback hooks to optimize component re-renders.

• Implemented pagination to load data in chunks instead of all at once.

• Conducted thorough testing to ensure the app remained responsive.

Facility management involves maintaining and optimizing buildings and services for efficiency and safety.

• Facility management encompasses maintenance, security, and space management.

• It includes ensuring compliance with health and safety regulations, such as fire safety protocols.

• Sustainability practices, like energy efficiency and waste management, are key components.

• Technology integration, such as building managem...read more

The governor is the head of the state government and is responsible for implementing state laws and policies.

• The governor is elected by the people of the state

• The governor has the power to veto legislation passed by the state legislature

• The governor is the commander-in-chief of the state's National Guard

• Examples: Governor Gavin Newsom of California, Governor Greg Abbott of Texas

The Ombudsman is appointed by the President of the country.

• The Ombudsman is appointed by the President of the country.

• The appointment of the Ombudsman is usually based on recommendations from a selection committee.

• The Ombudsman is responsible for investigating complaints against government officials and agencies.

• The Ombudsman serves as an independent and impartial mediator between the government and the public.

Rural banking refers to banking services provided in rural areas to cater to the financial needs of the rural population.

• Rural banking focuses on providing financial services to people living in rural and remote areas.

• It includes services like savings accounts, loans, insurance, and other financial products tailored to the needs of rural customers.

• Rural banks often have branches in small towns and villages to ensu...read more

Forex stands for foreign exchange and is needed for trading currencies internationally.

• Forex is the global marketplace for trading currencies from different countries.

• It is needed for businesses and individuals to exchange currencies when traveling or conducting international trade.

• Forex allows for speculation on the value of currencies and can be used for hedging against currency risk.

• Example: A US company buying...read more