IBPS PO Interview Questions with Answers
Download IBPS PO Interview Questions with Answers PDF Online from here!!! IBPS (Institute of Banking Personnel Selection) is a recruitment body that provides placement to the young graduates in public sector banks in India. In order to evaluate the ability the applying contenders for IBPS Recruitment, organization conducts Prelims followed by Mains and Interview round.
Qualify candidates in Prelims go for the Mains Exam on scheduled date as per the IBPS Exam Calendar. At last, aspirants have to participate in Institute of Banking Personnel Selection CWE–PO/MT Interview 2018. To qualify the Probationary Officer Interview Round, you need to do better preparation and given IBPS CWE–PO/MT Interview Questions with Answers will help you.
IBPS Probationary officer/ Management Trainee Interview Questions
Applying contenders for PO (Probationary officer) / MT (Management Trainee) positions can check the complete IBPS PO Interview Questions with Answers. With the help of IBPS CWE Interview Questions with Answers, it will become easier for you to understand the level of questions the interviewer is going to ask.
Along with the IBPS PO Interview Questions with Answers, here we are also providing some important tips to follow at the time of interview that can help you in cracking the interview with more ease and firmly, so what are you waiting for? Check this page of www.recruitmentinboxx.com to check IBPS PO Interview Questions With Answers.
IBPS PO Interview Questions with Answers
Question1. Tell me about yourself?
First of all I would like to thank you for given me opportunity to introduce myself in front of you. You have to tell about your background, personal information, qualification, work experience and other details with this question. Many interviewers use answer of this question to ask second question.
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Question2. Why do you want to enter banking sector?
I want to join banking sector because this sector provides an excellent platform where we can learn new things and improve our knowledge and of course make our future bright and safe.
Question3. Where do you see yourself in the next 5 years?
I see myself at the most responsible position where my organization treats me as assets of the organization.
Question4. What are you strength?
I am hardworking, motivated and I can easily adapt any environment.
Question5. Will you leave this job if you get a better opportunity with other private bank or other organization?
I am looking for a stable career. So I won’t leave my present job in lieu of small monetary benefits as I am looking for job stability. When I have good career growth prospects in this industry, it isn’t necessary to quit.
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Question6. How your BE/ B.Tech/ MBA / MCA/ B. Pharm/ ME/ M.Tech will help the bank?
- I have good technical knowledge so it will be easy for me to approach clients in those sectors.
- Being from a professional college, I have good exposure of working in teams which is necessary in a bank environment.
- My communication skills are quite good & I am confident of providing good customer services.
Question7 What are your weaknesses?
I get nervous when talking to strangers for the first few minutes. But after that short duration, I can adapt myself & communicate well with that person.
Question8 Why you want to enter Banking Sector after IT OR Why Bank Jobs?
Banking is one of the fastest growing sectors in India providing a wide range of career opportunities to graduates like me. Since banks are now moving closer to customers, I feel it would give me job satisfaction by helping public. Also these govt. banks offer job security which is hard to find in other sectors.
Question9. What is CRR?
Cash Reserve Ratio is percentage of customer’s deposits with commercial banks that they need to deposit with RBI. Right now it’s 4%.
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Question10. What is SLR?
Statutory Liquidity Ratio is the percentage of liabilities and time deposits that commercial banks need to keep with them in form of Cash, Gold or Government approved securities. Right now SLR is 22%
Question11. What are various services provided by a commercial bank?
There are many services provided by commercial banks that are mentioned below:
- Safe custody of funds
- Advancing loans
- Fund transfers
- Periodic payments
- Underwriting of shares
- Dealing in foreign exchange
- Discounting of loans
Question12. Who invented ATM?
John Shepherd-Barron invented ATM.
Question13. Who is Governor of RBI?
Dr. Raghuram Rajan
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Question14. What is national income?
It is a total amount of money earn by the county.
Question15. What is the difference in Current account and Savings accounts?
Current Account: This account is open for business purpose and bank pay no interest on the balance held therein. There is no binding of numbers of transaction in such types of accounts.
Savings Account: This account is open for saving purpose and bank pay interest on the balance held therein. There are some restrictions of transactions in such types of accounts.
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Question16. What is Cheque?
Cheque is a traversable instrument containing uncertain order to pay sum of money to the individual declared on it or to the holder of the instrument.
Question17. What is commercial bank?
A commercial bank is a financial institution. It provides various facilities to the customer like deposits, making business loans, and offering basic investment products. The fundamental aim of this bank is to provide loan to the general public and business.
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Question18. What is ‘prime rate’?
Prime rate is a lowest rate of interest at which money may be borrowed.
Question19. What is bank?
It is a financial institute that accepts money, give interest, provide loans and provide other financial services to the customers.
Question20. What is RBI?
RBI is the central bank of India. It was formed in 01st April 1935 in accordance with reserve bank of India act, 1934.
Question21. 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.
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Question22 what is reserve repo rate?
Reserve repo rate is a rate in which commercial banks gives money to RBI. Whenever RBI needs money so, it can borrow from commercial banks.
Question23 what is deserve rate?
Deserve rate is the Interest rate paid by a bank and other institution on the cash on deposit by the customers.
Question 24 what is inflation?
In the Indian economy when demand of goods and services increases than the supply of goods it this situation prizes of goods increases this is called inflation.
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Question25 what is deflation?
When the demand of goods and services is less than the supply of goods then in this situation decrease of the price of goods is called deflation.
Question26 What is monetary policy?
It is a method by which the central bank maintains sufficient money supply in the economy by controlling interest rates and other instruments in order to ensure price stability and high economic growth.
Question27 what is GDP?
The gross domestic product is the primary indicators used to measure the health of a country’s economy. Mainly, GDP is used as a comparison to the previous quarter or year situation of the country.
Question28 what are the functions of RBI?
Functions of RBI are follows as:
- Custodian of Cash Reserves of Commercial Banks
- Issue of Bank Notes
- Controller of Credit
- Custodian of Cash Reserves of Commercial Banks
- Banker to Government
- Forbidden Business
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Question29 what is Treasury bill?
It is a short term bill issued by a national (federal) government usually less than one year, typically three months.
Question30 what is commercial papers?
Commercial paper is a short-term debt instrument issued by a meeting short-term liabilities usually 270 days. The debt is usually issued at a discount, reflecting prevailing market interest rates.
Question31 What is SENSEX and NIFTY?
SENSEX is basically sensitive index which was established in1986. This is directly associated with Bombay Stock Exchange. This sensitive index shows the 30 most traded stocks of BSE. NIFTY is the index of National Stock Exchange which represent the 50 most traded stocks of NSE.
Question32. What is FDI?
FDI stands for Foreign Direct Investment. It is an investment which is made by a company from one country to another country.
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Question33. What is GNP?
GNP stands for Gross national product. It represents the market value of entire products and services produced by labour and property supplied by the citizens of a country, in one year.
Question34 What is Demand Draft?
It is used for transfer of money and basically it is banker’s check which cannot be dishonored.
Question35 Who controls India’s monetary policy?
The RBI determines India’s monetary policy.
Question36 What is Marginal Standing Facility (MSF)?
It is the rate at which banks borrow funds overnight from the RBI against approved government securities. MSF was implemented in May 2011. Under MSF, banks can avail funds from the RBI on overnight basis against their excess statutory liquidity ratio (SLR) holdings.
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Question37. How is SLR determined?
SLR is calculated as the percentage of total demand and time liabilities, which a commercial bank is liable to pay to customers on their demand.
Question38. Why is SLR needed?
With SLR, the RBI can ensure solvency (creditworthiness) of a commercial bank. It also helps to control expansion of bank credits. By altering SLR rates, the RBI can increase or decrease bank credit expansion.
Question39.What is liquidity adjustment facility (LAF)?
LAF is a monetary policy tool which allows banks to borrow money through repurchase agreements. LAF aids banks to address liquidity pressures i.e. cash shortages and is used by the government to ensure stability in financial markets. LAF comprises repo and reverse repo transactions.
Question40. What is fiscal Policy?
Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation’s economy. It is the sister strategy to monetary policy through which a central bank influences a nation’s money supply.
Question41. What are Open market operations?
Open Market Operations allude to the buy and offer of the Government securities (G-Secs) by RBI from/to showcase. The target of Open Market Operations is to alter the rupee liquidity conditions in the economy on a tough premise. At the point when RBI offers government security in the business sectors, the banks buy them.
Question42. What do you mean by Nationalization of Commercial Banks in India?
The Government of India issued an ordinance (‘Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969’) and nationalised the 14 largest commercial banks with effect from the midnight of 19 July 1969.
Question43. What is Bank Rate?
Bank Rate is the rate of premium charged by The Central Bank of India against advances offered to business banks. Bank rate is generally higher than repo rate. Not at all like repo rate, bank rate specifically influences the end client, for this situation the client, as high bank rates mean high loaning rates. At the point when bank pay high financing cost to acquire credit from RBI, they consequently charge the client high loan fee to earn back the original investment. Otherwise called “Markdown Rate”, bank rate is a capable device utilized by the RBI to control liquidity and cash supply in the market. The present Bank Rate is the same as MSF rate.
Question44. What is a Saving Account?
A savings account is one of the simplest types of bank accounts. It allows you to store cash securely and earn interest on your money.
Question45. What is Corporate Banking?
Corporate keeping money is characterized as uniquely custom fitted financing and managing an account administrations for partnerships. Corporate managing an account is ordinarily offered by business banks, and involves every one of the administrations that can be stretched out on a budgetary level to corporate substances to ease everyday operations.
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Question46. What is Public Provident Fund (PPF)?
Public Provident Fund (PPF) is a prominent long haul speculation alternative sponsored by Government of India which offers security with alluring loan cost and returns that are completely exempted from Tax .Investors can contribute least Rs. 500 to greatest Rs. 1,50,000 out of one budgetary year and can get the offices, for example, advance, withdrawal and expansion of record
Question47. What are the different Investments under 80(C)?
- Fixed deposit (5 years)
- Equity mutual funds
- EPF and VPF
- NSCs (National Saving Certificate)
- NPS (Pension plans)
- Life insurance
Question48. What are the different functions of NABARD (National Bank of Agriculture and Rural Developments)
NABARD is a Development Bank with a mandate for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas.
Question49. Role of RBI (Reserve Bank of India)
- Government’s banker and performs banking functions for the central and the state
- Bankers of banks
- Maintain liquidity in the economy
- Regulator of country’s financial system
- Regulates and facilitates foreign trade advisor to the Government of India
- Issue currency notes
Question50. What are Derivatives?
A derivative is an agreement between two gatherings which infers its esteem/cost from a basic resource. The most well-known kinds of subordinates are fates, alternatives, advances and swaps. Depiction: It is a budgetary instrument which determines its esteem/cost from the fundamental resources.
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DO’s or Don’ts in IBPS PO Interview 2018
Details stated in the Curriculum Vitae must be exact, No additional or unnecessary information must be included.
- Being Confident is good for health but being Over Confident might lead to failure.
- Maintain good eye contact during an interview.
- Try to be calm and composed
- You have to express yourself clearly with a strong voice and good communication.
- Must take a look over your Dressing Sense.
- As we all have heard that first impression is the last impression.
- Do bring extra resumes to the interview.
- Do shake hands firmly. Don’t have a limp or clammy handshake!
- Do not let your phone disturbing the conversation.
- Don’t be late at the time of appearing in the interview. Be punctual as punctuality matters a lot.
- Do not take the facts and questions asked in interview casually; take each and every question seriously.
- Don’t disagree with yourself in responses.
- Do not behave negatively and rude
- Do not talk unnecessarily and do not talk too much
- Do not crack jokes at the time of interview
- Don’t say anything negative about former colleagues, supervisors, or employers.
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