First of all a candidate needs not to be over smart, be casual but should be determined. He or she should be neat and clean in their dress up. A candidate should ware a formal dress as much as possible, but it should be keep in mind that how much he/she is comfortable in this dress. Now there are some questions which are generally asked in the banking sector interview like IBPS PO/Clerk/RRB/SO, SBI PO/Clerk/SO, RBI Assistant/Officer (Grade-B) etc.. These are in the follows:
Why do you want to enter in the banking sector?
Answering this question a candidate must be clear in their mind that why he/she will come to in this sector apart from the others. You have to answer in the point basic like;
Questions asked commonly in Bank Interview: Tips & Tricks
Why do you want to enter in the banking sector?
Answering this question a candidate must be clear in their mind that why he/she will come to in this sector apart from the others. You have to answer in the point basic like;
- Banking is a growing industry
- It became very fast changing
- It much more competitive industry; like this
Who are the major competitors in the banking sectors?
These questions mean to say that hoe much you are aware about the banking service and how much you have knowledge about banking products. So a candidate must read about the annual banking report before facing an interview.
What is Bank?
A bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money.
How many types of bank are there?
In this question a candidate must have clear idea about basic functions in bank. And then he/she should give an answer in bullets point, like
- Commercial Bank
- Community Bank
- Postal saving Bank
- Private Bank
- Savings Bank etc.
What is the difference between Public, Private and Government sectors?
- Public sector: It is a part of economy which is controlled by the government like police, military, public road, primary education etc.
- Private sector: It is sometimes called citizen sector. It is mean enterprise for profit, but is nit control by the state.
- Government sector: It is a heavy industry to bolster making public sector enterprise as well as revive sick and loss making enterprise under its administrative control.
Basis function of RBI?
Before giving this answer a candidate must give an introduction about RBI and then his/her answer should be as follows-
The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provision of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. And the functions are
- Monopoly of Note Issue
- Banker to the Government
- Banker’s Bank
- Lender of the Last Resort
- National Clearing House
- Credit Control
- Collection of Data and Publications etc.
Check here Role, Function & Power of Reserve Bank of India.
Should have knowledge about different types of Banking Terms & Rates:
An interviewer may ask about the various terms and rate about banking sector, so a candidate must know about the different terms and different banking rates like:
You will find important banking awareness terms for Bank Interview here.
Should have knowledge about different types of Banking Terms & Rates:
An interviewer may ask about the various terms and rate about banking sector, so a candidate must know about the different terms and different banking rates like:
- NEFT/RTGS System
- Deflation
- Fiscal Deficit
- Recession
- Mutual Funds
- Bank Rate
- Repo Rate
- Reverse Repo Rate
- CRR
- SLR
- MSF
You will find important banking awareness terms for Bank Interview here.
What is the difference between the Banking and Finance?
The candidate must give this answer this question very smart and promptly like,
The term Banking and Finance are two very different term but are often associated together. Finance is generally related to all types financial, this could be accounting, insurances and policies. Where Banking is everything that happens in a bank only.
Finally a candidate must know the current all banking rate before facing the interview:
You should know about current and latest different types of banking rates. Questions may be asked from current banking rates. Check here Different Current Banking Rates till December 2013 (Updated).
Remember: If you don't know answer of any question asked by the interviewers, then directly said that 'I don't know' or 'I can't remember at this moment'. Don't be too over-smart. Always remember the interviewers are more smart and knowledgeable person than you.
That's All! Be calm and quite. Don't be too tensed. This is not like the written/online test. Interviewers want to check your capability and acceptance whether you are fittest for the job or not.
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You should know about current and latest different types of banking rates. Questions may be asked from current banking rates. Check here Different Current Banking Rates till December 2013 (Updated).
Remember: If you don't know answer of any question asked by the interviewers, then directly said that 'I don't know' or 'I can't remember at this moment'. Don't be too over-smart. Always remember the interviewers are more smart and knowledgeable person than you.
That's All! Be calm and quite. Don't be too tensed. This is not like the written/online test. Interviewers want to check your capability and acceptance whether you are fittest for the job or not.
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