Bank Interview Questions and Answers - Interview Help - Top Interview Questions


Interview Help - Top Interview Questions

Top Interview Questions and Tips for a good Interview

Sunday, August 23, 2020

Bank Interview Questions and Answers

 Bank Interview Questions and Answers

Why Banking Interview Questions?

To get a job in bank one of the steps is face to face interview.
You should prepare well for Banking Interview Questions to clear the interview

Bank Interview Questions to Ask

Below is the list of interview questions that you can ask in a Bank interview.
These are the common Bank Interview Questions to ask

Interview Questions Of Bank PO

Que1- Introduce yourself
Ans- Your answer should include the following details-
1)Personal information (Name, Parents name etc.)
2)Educational information (your degree, college and city name)
3)Work experience (if any)
4)Additional qualifications or Achievements (if any) 
5)Your Hobby

Que2- Why do you want to join Banking Sector? 
Ans- In our country Banking Sector is considered as one of the fastest growing sectors. It can offer various career opportunities. 

Que3- How your high studies and qualification is going to help us? 
Ans- I have good professional skill that will help me in managing team work. I have good communication skill that will help me in offering confident customer services.

Que4 - What are your weaknesses and Strengths? 
Ans- My weakness is that I am habitual to complete my work in proper manner, if anyone is not doing so I may get irritated but I promise I will make a solution to it soon. 

Note:- Make sure you won't reveal any weakness that may result in bad impression. It's good if your weakness also give positive attitude towards your work. 
My strength is that I can make solutions to the problem an situation as per the need. I can motivate myself for any work involved that I get involved with. 

Que5- What are your career goals? Where do you see yourself in 5 years from now? 
Ans- I plan things systematically, I don't know that in which bank I will get placed so at present it's tough to tell you the exact designation, but after 5 years whatever position I will be having you can see me always learning something new. 

Que6- Why should we hire you? 
Ans- If you hire me I will be able to show my skills in front of you. I assure you that whatever goals our organization set, I will complete them within allotted time.

Que7 - What is the difference between Cheque and Demand Draft? 
Ans- Cheque : Cheque is a negotiable instrument that gives instruction to a bank to pay a specific amount from a specific account held in the depositor name with that bank. 
Demand Draft : A demand draft is an instrument used for effecting the transfer of money. It is negotiable instrument. 

Que7 - What is KYC? 
Ans- The reserve bank of India (RBI) has issued KYC guidelines to bank that have to be follow by banks, wherein the certain personal information of account holder (customer) is obtained. The objective of doing so is to enable the bank have positive identification of its customers. 
# The KYC guidelines of RBI mandate banks to collect three proofs from their customers. they are-
1) Photograph
2) Proof of identity
3) Proof of Address
Note:- Kindly prepare some topics related to banking terms, your educational background, importance of other fields that help in Banking and Government schemes that help in well-being of citizens.

Que8 - What is a non-banking finance company (NBFC)?
Ans- A Non-Banking Finance Company (NBFC) is a company registered under the companies Act, 1956. It is engaged in the business of loans and advance of stock / shares, bonds etc. issued by government or local authorities.
NBFCs cannot accept demand deposits and do not form part of payment and settlement systems.

Que9 - What is Basic Point (BPS)?
Ans - BPS is a acronym for basic points is used to indicate changes in the rate of interest and other financial instruments.
1 Basic Point is equal to 0.01%, so we can say the repo rate has been increased by 25 bps. It means that the rate has been increased by 0.25%.

Que10 - What is Bancassurance?
Ans - Bancassurance is distribution of products particularly the insurance policies (Both Life and Non-Life insurance) by banks. Here banks behave as insurance agents though their Branches situated in different parts of country.

Que 11- What is NPA (Non - Preforming Assets)?
Ans- NPA is classification used by banks that refer to loans that are in danger of default. If the lender were failed to make interest or principal amount for 90 days the loan is considered as Non-performing Asset(NPA)

Que 12 - What is Recession?
Ans - A economic recession can only be considered if Gross Domestic Product (GDP) growth is negative for a period of two or more consecutive quarters.

Que 13 - What is Bank Rate?
Ans- Bank rate is a rate of interest which RBI charges on its loans to commercial Banks.
This rate influence lending rates of commercial banks Higher bank rates will translate to higher lending rates by the bank.

Que 14- What is Cash Reserve Ratio (CRR)?
The Cash Reserve Ratio in India is decided by Reserve Bank of India in RBI's Monetary Policy.
A certain percentage of total bank deposit has to be kept in the current accounts which RBI, which means banks do not have right to that much amount for any economic activity.

Que 15 - What is DEMAT account?
Ans- De materialized account in short DEMAT account is an account to hold equity or debt in electronic form.
It can hold shares, securities in electronic format, thus making share trading easy for the users during online trading.
In India free DEMAT account service is provided by depositories such as NSDL and CDSL.
A DEMAT account holds all the investments an individual makes in shares, government securities, exchange traded funds etc.

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