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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
already gave 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Cheque is written by an individual and withdrawn from the account whereas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
Check complete Interview Preparation Tips for IBPS POs and Clerks from here
Read Expected Questions Set 2 from here
Check complete Interview Preparation Tips for IBPS POs and Clerks from here
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Awesome work.. eagerly waiting for the remaining sets.
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