IBPS PO Interview Questions
Going to appear in IBPS interview but do not know what type of questions will be asked. Do not Panic the list of IBPS PO Interview Questions is available here now. IBPS (CWE–PO/MT) Question Answers Download PDF will assist you in getting an idea about interview question.
All the IBPS PO Interview Questions available here on this page are so common and usually asked. You may also download the IBPS PO Interview Questions 2018 in the form of PDF just by hitting on the link given in the below section of this page of recruitmentresult.com.
Role of Interview in Recruitment Procedure:
Clearing the Interview round is very essential for every candidate, as it is always the last and final round of selection which decides the joining of aspirant. Candidates are required to appear before the Interview Panel, for interview round to examine their intellectual ability and attitude towards the things.
The panel intends to judge the suitability of the candidate in conformance to the banking environment. Interviews are generally held at selected centers by Participating bank and coordinated by Nodal Bank in each State / UT with the help of IBPS.
Check Here: IBPS PO Salary
IBPS PO Interview Questions
Personal questions asked in IBPS PO Interview:
Q1.) Introduce yourself?
Ans. This is very general basic question that is usually asked in any Interview. So, be an opportunist at that time and try to answer to the question very smartly with some logical reasoning’s. Interviewer at this time wants to know about your background and other details with this question. Many interviewers use answer of this question to ask second question. If you are in a panel focusing on HR questions then this is must question
Q2.) Why you want to enter in Banking Sector?
Ans. Tell these factors included in your answer will make the answer look professional. Possibility of growth in banking sector is very high these days.
- Possibility of growth
- Job security
- Prestige in society
Q3.) What are your strengths and weaknesses?
Ans. Always tell about those strengths only which are beneficial for them and shows your ability. And answer for your weakness must be quite effective and do not say that you not have any weakness because it give a negative impression as it shows over confidence.
Get Here: Bank Interview Questions and Answers
Q4.) What are your career goals? Where do you see yourself five years from now? Ten years?
Ans. Well this type of question could be a trap. we should say that i always plan the things step by step that`s why i have a ready plan for the coming up year and that is feasible. If I say that to get a job and to settle myself in the company would be a practical answer.
Q5.) After MBA why banking as a clerk why not in that line?
Ans. Interviewer here wants to know your career ambitions. Be very clear in specifying the goals for getting in the Bank , like one can answer ” The thrust of customer services that a Bank is having no other industry has equivalent this I believe also accuracy and competitiveness is on scaling heights in Banking “
Q6.) How do you Handle Pressure?
Ans. High achievers tend to perform well in high pressure situations. These questions also could imply that the position is pressure packed. If you do perform well under stress provide an example with details giving an overview of the stressful situation. Let the interviewer feel the stress by your description.
Must Read: Interview Preparation Tips for getting a Job
Q7.) Describe your Management style?
Ans. I will be constantly keeping tab of assigned work with my subordinates and seniors, finishing the assigned job before deadlines.
Q8.) Why should we hire you?
Ans. If you hire me it will be a great platform to showcase my skills. Whatever goals I set, I ensure to complete them within stipulated time.
Q9.) What position do you prefer on a team working on a project?
Ans. It doesn’t matter till I learn something new in every project.
Q10.) What irritates you about your co-workers?
Ans. I believe in team work, even if I feel irritating, I try to avoid it unless it personally affects me.
Get Details: Interview Tips For Freshers
Technical questions asked in IBPS PO Interview:
Question 1: What is a Bank?
Ans. A bank is a financial institution that accepts money from its customers for the purpose of lending.
Question 2: What is a Demand Draft?
Ans. Demand Draft is a negotiable instrument that is used for effecting transfer of money. Since it’s a banker’s check, it can’t be dishonored.
Question 3: What is KYC?
Ans. KYC stands for ‘Know Your Customer‘. As per KYC guidelines prescribed by RBI, some personal information of the customer is required while opening an account (or renewal of old accounts!). The objective is to enable positive identification of customers by their respective Banks; and to prevent money laundering.
Also Check: How To Dress For An Interview
Question 4: What is Money Laundering?
Ans. Money laundering means presenting illegally obtained money as legitimate by creating a complex chain of sub processes. This convoluted chain makes it difficult to trace the source of the illegitimate money.
Question 5: What do you know about RBI?
Ans. The Reserve Bank of India is the central bank of India. On the recommendation of Young Hilton Committee, it was established on 1st April, 1935 in accordance with Reserve Bank of India Act, 1934.
Question 6: What are the functions of RBI?
- Regulate the issuance and circulation of Bank Notes
- Banker to the Government
- Banker to Banks
- Custodian to Foreign Reserve of the country
- Lender of last resort
- Controller of Credit
Question 7: What is Base Rate?
Ans. It is the minimum rate of interest that a bank is allowed to charge from its customers. No bank can offer loans at a rate lower than Base rate to any of its customers unless mandated by the govt.
Read This: Interview Preparation Tips
Question 8: What is Deposit Rate?
Ans. Interest Rates paid by banks or other financial institutions on the cash deposited with them by the customer.
Question 9: What is Inflation?
Ans. Inflation is as an increase in the price of goods & services that projects the Indian economy. This rise in prices means the demand for these goods and services exceeds their supply.
Question 10: What is Deflation?
Ans. Deflation is the decrease in prices of goods and services. Deflation leads to negative rate of Inflation.
Get Info: Interview Questions and Answers
Question 11: What is Interest Rate?
Ans. Banks give a certain percentage of amount you deposited (called principal amount) this percentage is called interest rate. For example interest rate of 7% means Bank will pay you 7 INR per 100 INR per year. Central Bank (RBI) decides interest rates.
Question 12: What is the difference in Current account and Savings accounts?
Ans. Current Account — No minimum balance, No interest paid, used by business entities, overdraft facility
Savings account — Minimum balance needed, interest paid, used by individuals, no overdraft facility
Question 13: What is Mutual Fund?
Ans. A mutual fund is a pool of money from numerous investors who wish to save or make money just like you. Investing in a mutual fund can be a lot easier than buying and selling individual stocks and bonds on your own. Investors can sell their shares when they want.
Get Details: IBPS PO Notification
Question 14: What is meant by I-Banking?
Ans. Internet banking is a system wherein customers can conduct their transactions through the Internet. This kind of banking is also known as e-banking or online banking
Question 15: What is overdraft?
Ans. Amount of check issued by you which is above the balance in your account is overdraft. Let’s take above example the overdraft amount is (2000 – 1000) = 1000 INR.
Question 16: What significant trends do you see in the future for our industry?
Ans. This is your chance to shine. You will be fully familiar with the economic situation as it relates to banking or how recent legislation affects it. The most significant trends is to maintain relationships with client, provide them best services at earliest, application of new technologies, reach out to remote areas, educating customer the benefits of banks.
Question 17: Who are our major competitors and what differences do you notice in our Bankings products?
Ans. The company will be expecting that you have done your research on the industry generally. You should be familiar with the bank’s products and services – literature on these can be picked up at any branch. Be aware of current trends in the market and try to find out what each bank is doing in these areas.
Check Here: How To Overcome Job Interview Fear
Question 18: What is Cheque?
Ans. 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.
Question 19: What is Inflation?
Ans. It is a state where money decreasing the value hence prices will go up.
Question 20: What is Reverse Repo rate?
Ans. The rate at which RBI pays interest to the banks is known to be reserve repo rate.
Get here>> IBPS PO Interview Questions PDF
IBPS Toppers Tips:
- There are e-books available online for the preparation. Take help from them or purchase the books available for IBPS preparation.
- Take help from the magazines which are especially available for the preparation of competitive exams. They cover the topics of All IBPS Exam.
- Take help from own notes by assembly information from important notes and last year papers.
- Use Internet to gather all important information regarding any topic worldwide. Use it and search the meaningful stuff which helps in homework.
- The only key to clear any exam is Proper strategy with time management. It is very important to formulate your own strategy and study according to timetable.
- Knowledge of content of syllabus and the topics are necessary for preparation. As it is essential to recognize what you have to study for qualifying the examination.
Do You Know? How to Prepare For IBPS
IBPS PO Interview Tips:
- At the time of appearing in interview stay calm and positive
- After entering the interviewers room greet everyone
- Do not let your self-confidence down
- Do not try to act over smart in front of interviewers
- Try to make eye contact with the person asking question
- Firstly Listen Carefully and then spear
- Take a while before speaking anything
- Do not talk Rubbish in front of interviewers
- If you find any question difficult to answer then say Sorry sir but do not give wrong answer or wrong information
- Dress properly
- Do not use Abusive Language in front of interviewers
- If you find anything wrong then say politely, do not shout
- Do not lie , tell only the truth facts
- Do not try to praise yourself
- Have some attitude but only the positive one not the negative one.
- Do not speak unnecessarily
With the help of the IBPS Questions and Answers PDF one can understand the level of questions that can be asked at the time of appearing in the interview session. In the above section we have given the most frequent asked IBPS Interview questions. Rests of the questions of IBPS PO Interview are available in the PDF whose link is available above.
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