Why do you want to enter into Banking Sector ?
This is the Most Obvious Question you definitely will face in almost all Banking Interviews (either it may be the PO or Clerical Interview). By asking you this question, they just want to know whether you are sincere or not. So your answer for this questions should be straight and simple. Which should make a positive impact on you. So you can say “Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank. The main reason for me to choose banking is this is the one of those wonderful sectors, where I can get Job Security and Job satisfaction as well”.
The very next question you will face is “Aren’t you over qualified for this post?”
We’ve given a detailed answer with analysis for this question. You can read that here
Being a Computer Graduate, how can you help the bank? (If you are a Computer Graduate)
Computers are used for many purposes in banks. Some of them are :
· Computer store details of customers account information.
· Computers can solve billions of complex mathematical operations in fractions of a second. Computers can be used for user authentication.
· Computers can be used on a network to instantly contact other branches.
· When you use an ATM, you are using a networked computer terminal. It's easier to access/update the information.
· An employee can also check a customer's account balance instantly. Computers help a bank save time and money, and can be used as an aid to generate profits.
What is the difference between Cheque and Demand Draft?
Both are used for transfer the amount b/w two accounts of same or different Bank. Cheque is written by an individual and withdrawn from the account whereas Demand draft is issued by a bank where you have to pay before issuing.
What are NBFCs and difference between NBFCs and Bank?
Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.
What are the Functions of RBI ?
The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker. Banker to banks: maintains banking accounts of all scheduled banks.
What is Sub-prime crisis?
The current Subprime crisis is due to sub-prime lending. These are the loans given to the people having low credit rating.
What is foreign exchange reservers?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, the term in popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve positions.
What is your Hobby ?
Hobby questions must be answered carefully. This is because the hobby related answers always give rise to cross questions. For example if you said that you love listening to music, you MUST know something about the music you love. If you tell them that you love Indian classical music and don't know about Pandit Jasraj this means you are telling a lie. Similarly, if you tell, reading is your hobbey, you may be asked about particular books you have read or about a particular author. In other words, you should have a general knowledge about your hobby. Some times people may try to escape from these questions by saying my Hobby is Facebooking / Chatting with Friends. Ofcourse, the interviewer cant ask cross questions if you answer like this. But it may lead to –ve remark on you because they may think that you will waste your time chatting / facebooking… So be aware…
Read Expected Questions Set 2 from here
Read Expected Questions Set 2 from here