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How to prepare for IBPS Exam Interview?

IBPS Interview preparation for a participant following qualifying in written exams they all faces an interview by participating organization. IBPS Interview schedule only for 15-20 minutes and in several cases it will be less so be prepared for less time and it is better to be well prepared and answer first few questions properly and with confidence.

IBPS Questions for the interview will be dissimilar for all students they asked questions about yourself, banking sector, general awareness, current affairs, etc.

So here are some question and answer on how to prepare IBPS Exam Interview:

Why you want to enter in Banking industry?

Because this industry is rising steadily and there would be no limit to my career growth. Further I need stability in my career.

Why are you not working anywhere from past 6 months?

As competition in banking exams in fierce, I was preparing for bank exams and a job could distract me from my mission. I concentrated on bank exams arrangements only.

Why you left your previous job?

I can see a better and prosperous career in banking industry.

Why don’t you join your father’s business?

He is not making much money so he ordered me to do a job.

What is CRR?

Cash Reserve Ratio is percentage of customer’s deposits with commercial banks that they require to deposit with RBI. Right now it’s 4%.

What is SLR?

Statutary Liquidity Ratio is the percentage of liabilities and time deposits that commercial banks require to keep with them in form of Cash, Gold or administration approved securities. Right now SLR is 22%

What is Bank rate?

Rate at which RBI lends money to commercial banks without any security.

What are open market operations?

Buying and selling of administration securities and bonds in open market by Government to maintain desired liquidity levels.

What is CP?

Commercial paper is a short term unsecured debt instrument.

What are various services provided by a commercial bank?

  • Lockers
  • Safe custody of funds
  • Advancing loans
  • Fund transfers
  • Periodic payments
  • Underwriting of shares
  • Dealing in foreign exchange
  • Discounting of loans
  • Overdraft

What is PPF?

Public Provident Fund is a tax saving investment for individuals.

Features :-

  • Number of deposits per year – 1 to 12
  • Minimum deposit – Rs 500
  • Interest received is tax free
  • Investment is exempted under section 80(c)

What are NPAs?

NPA stands for Non-Performing Assets. Bank gives loans and advances to it’s consumers. These loans and advances are bank’s assets. When the consumers don’t repay back the bank’s money they don’t perform. Such assets are known as Non-Permoerming Assets.

What was the purpose of setting up NABARD?

NABARD is the apex institution for the development of farm sector, cottage industries and small scale industries in rural areas.

What are various functions of RBI?

  • Government’s banker and performs banking functions for the central and the state administration.
  • 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

What is IRDA and what are it’s functions?

Insurance Regulatory And Development Authority (IRDA) is the sole authority to regulate the insurance industry in India, to guarantee the increase of insurance industry and protect the interest of policy holders.

What are Derivatives?

In Derivative market the value of the instruments bought and sold is based on value of the underlying asset. The value of the instrument is ‘derived’ from the value of the underlying asset and hence it is known as Derivatives.

What is an Option in derivative market?

An Option give right to Option Holder to buy or sell a commodity during a certain period of time or on a specific date.

What is Call option and Put option?

Call option – An option which gives right to the Option Holder to buy a certain stock at specified time and specified date. Put option – An option which gives right to the Option Holder to sell a certain stock at specified time and specified date.

What is GDP?

Gross Domestic Product is the sum of all the goods and services produced within physical borders of a nation in within a specific period of time.

What is Monetary Policy?

Policy by which a central authority attempts to control liquidity and interest aimed high growth rate and price stability.

What is Fiscal policy?

Government revenue generation and spending policies that impact the macro economy.

What is Fiscal deficit?

Excess of administration expenditure over revenue.