Top 25 Bank Interview Questions
A bank Interview is a most common thing to happen to get employed in bank. In this section we will provide Top 25 Bank Interview Question and answers asked commonly in IBPS and SBI bank. Some questions are basic that is common for any interview and some of them are very technical based upon the particular job. Common banking test may be a one time exercise but the selection gets over only after each bank completes its interview proceedings.So candidates have to prepare for every bank interview just like preparing for exams earlier.It is not always easy to read the minds of panelists.
Below are the most common question that can be asked in an Interview. We the squads of www.recruitmentinboxx.in are working hard to provide all the necessary details to you about Interview tips.Due to this personal interview sessions always tend to create panic among young people. But by being bold & ready to encounter any type of question with confidence, it is possible to keep fear at bay
“Best of luck for your Interview”
Top 25 Bank Interview Question
Ques1. Give an Introduction of Yourself
In any interview, first thing that is being asked is your introduction. You need to tell about yourself. Your introduction should be as long as possible. An exhaustive introduction gives a nice impression to the people who are taking interview. Tell everything about yourself candidly from family life to professional life.
Ques2. Have You Worked Earlier? If yes then why did you leave that Company?
If you are a fresher then say it simply no I haven’t. This is my first job. But if you have worked somewhere then you should explain why you left the previous company. Your answer should be the previous company was not the right place for me because of work environment.
Ques3. How your goal would coincide with company’s goal?
You should try your best to persuade interviewee that your objective and company’s goal are same. Your success is in the company’s success. You should not imply that your ambition is somehow different from what company wants to achieve. In fact, both are same and coinciding.
Ques4. How are you different from rest of the candidates?
This is very obvious question and you should expect it anytime. Your answer should be my ambition, outstanding academic qualification, long experience, vast knowledge; great problem solving ability and sharp analytical skills makes me different from rest of others. If you like it then you could add more to it.
Ques5. What are your strengths and Weaknesses?
I hope this question would be very easy to answer. You could tell your strengths mentioned in last paragraph. When it comes to weakness then you should never say no I don’t have any weakness. It’s little bit over the head. So you should tell at least one weakness to balance or look impartial. You could tell I trust somebody so easily or I am too merciful and that is my weakness.
Ques6. What is SLR rate?
Statutory liquidity ratio refers amount that the commercial banks require to maintain in the form of gold or govt. approved securities before providing credit to the customers. Statutory Liquidity Ratio is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit. It is determined as percentage of total demand and time liabilities.
Ques7. What is Repo rate?
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
Ques8. What is Bank rate?
Bank rate is the rate of interest which a central bank charges on the loans and advances to a commercial bank. Whenever a bank has a shortage of funds they can typically borrow it from the central bank based on the monetary policy of the country.
Ques9. What is Fiscal deficit?
When a government’s total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.
Ques10. What is recession?
Significant declines in activity across the economy, lasting longer than a month. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP).
Ques11. What is Mark to Market?
It is a measure of the fair value of accounts that can change over time, such as assets and liabilities. Mark to market aims to provide a realistic appraisal of an institution’s or companies current financial situation. The accounting act of recording the price or value of a security, portfolio or account to reflect its current market value rather than its book value. When the net asset value (NAV) of a mutual fund is valued based on the most current market valuation.
Ques12. What is Yield?
It is an income return on an investment. This refers to the interest or dividends received from a security and are usually expressed annually as a percentage based on the investment’s cost, its current market value or its face value.
Ques13. What are G-secs?
The Government securities comprise dated securities issued by the Government of India and state governments as also, treasury bills issued by the Government of India. Reserve Bank of India manages and services these securities through its public debt offices located in various places as an agent of the Government.
Ques14. What is Treasury Bills?
Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the Government of India has three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.
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Ques15. What is your best achievement so far?
If you are a fresher then it would be really hard to give an answer because you haven’t made any mark on the company. But if you are experienced then you should have something to tell about your achievements. You could tell how you helped the company to make profit only because of your hard work and right planning and strategy. Even if you don’t have any achievement which is quite a possibility then also you should tell something. Like how you helped the team to get things done so easily as you motivated others.
Ques16. What type of boss you would like to work with?
You should answer this question very smartly saying you are ready to work with any type of boss. It really does not matter whether he is cool or short tempered. You can work with anyone. Interviewee must not get an impression that you are not compatible with certain kind of people.
Ques17. Have you ever faced a challenging situation and how did you managed it?
You could tell a brief story. It goes like this. When you were working in your previous company suddenly one of your team members who were a graphic designer quits. And you had to finish and submit the work by the next day. Therefore instead of panicking I handled the situation by hiring a freelancer from a website. He finished the work on time and we were able to submit our project on time.
Ques18. Are you willing to travel and relocate?
You should be ready and prepared to travel at least. If it comes to relocate with your entire family then you should answer according to your wisdom. If you feel you can settle somewhere else then you should answer yes.
Ques19. If your boss asks something to do unethical then would you be ready?
Straightaway tell no. Your answer should be you are not going to compromise on ethics and integrity. Hence, you will not do anything that undermines the company. So I will not go by something that is unethical and if pressure is put upon me then I will quit but will not compromise.
Ques20. Would you be ready to go beyond the call of your duty?
Again answer straightly yes you would be ready to beyond call of duty if a situation or circumstance arises. If company needs me to work for extra hours without paying bonus then I would be ready to help the company in hard times. It is a different thing that in reality no one does. But here your answer should be yes for the moment.
Ques21. Do you have any health Issues – Mental or Physical?
The company would like to know whether you mentally sound or not. Your obvious answer should be you are absolutely fine. You do not have any issues regarding your mental or physical health. You should be just honest.
Ques22. What is your salary expectation?
Here you should not shy away while telling your expectation. However, you should never ask about the salary during the interview. Let them ask about it. You should give a decent amount as per the company standard. Your expectation should not be too much that company can’t pay. Hence, do the balancing act.
Ques23. You seem to be over-qualified and too experienced for this job. What you have to say?
Well! You should reply I would be more than happy to do this job even if I am over-qualified which I am not. Your answer should be neither I am too experienced nor over-qualified. I think I am absolutely fit for this job. Keep it simple.
Ques24. Where do you see yourself in next 3 to 5 years from now?
You must answer confidently by saying I would be leading a team of 10 to 20 fresher under me. In next 3 to 5 years I would be at the senior managerial post responsible for the daily tactical operations of the company .My presence for next 5 years would enormously benefit the company. You should convince them by saying that you matter a lot.
Ques25. Do you have anything to ask us?
You could ask one question that when I have to join the company and start my work. I myself and many others asked this question. If you have any doubt then you could ask without hesitating.
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