Preparation tips for Bank PO interview

I want to give the exam of Bank PO and for that I want to get the details of preparation tips for Bank PO interview so can you provide me that?

[Raman Vij]

As you want to get the details of preparation tips for Bank PO interview so here it is for you:

Candidates must arrange all the documents required

Candidates must collect probable questions to be asked in SBI PO interview.

Candidates must collect answers of most important asked questions

First Impression:
The most impressive part of interviewee is his personality and behavior. Some points will help the candidates in impressing the board members, which are as follows:
Simple and formal dress
Walking and sitting in proper posture
Relaxed behavior
Smiling when entering and leaving the interview room
Looking at the interviewer while talking
Shaking hands when invited firmly and briefly
Speaking clearly and loudly
Adhering to point of discussion
Logical approach

Undesirable Mannerism
Candidates must give monosyllabic answers:

Do not give the answers in low pitch, which is not audible to the board.

Avoid Too Many Hand Gestures

Bank PO Frequently Asked Interview Questions:
Excerpts From Interview 1:
Introduce Yourself. Why B.A Economics? What subjects did you study? Explain about the Recession – 2008 in detail, its causes and consequences. What do you understand by Demand & Supply in Economics? What is Price determination? Tell us something about banking Industry in India. Give some main functions of Banks.

Excerpts From Interview 2:
Tell us something about family background. What profile is your father working? Why do you wish to switch from BSNL to banking sector? Tell us some hobbies. Which was the first bank to get nationalized? Why did Banks get nationalized?

Excerpts From Interview 3:
Questions on family background in detail. Religion based questions (here Sikh religion philosophies). What are Mortgage Loans? What are Negotiable Instruments?

Excerpts From Interview 4:
Questions on religious philosophies(Sikhism). What is Bank rate? What are Integers, Whole nos., Natural nos., Prime nos.? What are your Weaknesses?

Excerpts From Interview 5:
What is your educational background? Support the reasons why you did it. You have a gap year – Why? When did the first Bank get nationalized? What are the advantages/disadvantages of FDI? Questions on hobbies (Cricket), Why Cricket? What was the news about Sachin Tendulkar becoming a member of Rajya Sabha? What Novels do you read ?(after the candidate mentioned reading as a hobby). Name any large PSU bank.

Excerpts From Interview 6:
Who is the Health Minister at Centre? Name any 3 women CMs. What are SMEs/MSMEs? Give examples. Name any 5 companies in the World with Women CEOs. What is De-mat Account? How many types of Accounts are there? Tell us something about your Family Background.

Excerpts From Interview 7:
History related questions. Name any 5 ladies who have inspired you. Name any 5 ladies who contributed to India's growth. What is the Significance of October 2 apart from Gandhi Jayanti. MCA background related questions: LAN/MAN/WAN. Importance of Internet? Use of e-mail? Difference between debit and a Credit card. What is the Full form of CBS? Tagline/Motto of PNB. Why PNB? Questions on Current affairs related to that day's news.

Excerpts From Interview 8:
Introduce yourself and tell us about the family background. Questions on Economics. What do you know about: FDI, FII, Banking Structure in India. Why do you think that recession occurred on 2008 and what have been its repercussions? What are Bank Rates , CRR Ratio? Questions on B.Tech Background (Computer Networks).

Excerpts From Interview 9:
What is Gurdaspur famous for? Which Engineering College are you from? What is Punjab famous for? Why do you want to join a bank after B Tech? State few differences between Private & Public sector Banks. Is there any IIT in Punjab? Name it. Tell us something about the games you play as a hobby.

Excerpts From Interview 10:
Questions related to Computers. Who is the current Finance Minister? What is the significance of Budget? Tell us something about yourself. What is the purpose of a Crossed Check in banking terms?

Excerpts From Interview 11:
Questions related to state history – Haryana (this case). Questions about Cabinet Ministers, Haryana Member of Parliament. Personal information like family background etc. Tell us something about Olympics. Banking terms – CRR, importance of CRR. Which newspaper do you read? Tell us about some latest news you read.

Hi I would like to know the tips as well as some interview questions with answers which would assist me in preparing for Bank PO interview?

[Raman Vij]

Strategies which are best to crack the Bank PO exam are:
Developing very good speed
Solve questions as much as possible
Pick up easier questions first
Complete all the sections first which takes less time to solve
Don’t get stuck in any section that takes a little more time e.g. Reasoning Section

IBPS PO & Clerk Interview Questions and Answers which would probably assist you in the preparation:

1. Why do you want to join banking sector?
Ans. Banking is one of the best ever growing sectors in India providing a wide range of career opportunities to graduates like me. Besides Banking requires maintaining excellent rapport with the customers. Being a people’s person, I can very well relate to this aspect of Banking. I am also well versed with computer knowledge that is now a MUST in Banking like MS Excel, MS Word, etc.

2. What is a Bank?
Ans. A bank is a financial institution that accepts money from it’s customers for the purpose of lending.

3. What is a Cheque?
Ans. A Cheque is a negotiable instrument instructing a bank to pay a specific amount from a specific account. In other words, A cheque is a bill of exchange drawn on a specified banker and payable on demand. A cheque can be dishonored for variety of reasons such as insufficient funds, signature mismatch, overwriting, cheque is 3 months+ old (stale), etc.

PS: Cross Questions: What’s a bearer cheque? What’s an Account Payee Cheque?

4. 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 dishonoured.

5. 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.

6. What is Money Laundering ?
Ans. Money laundering means presenting an 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.

7. 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.


8. 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

9. What is a Monetary policy?
Ans. Monetary policy is a type of macroeconomic policy by which central monetary authority (RBI) controls the interest rates, thereby effecting control over supply of money in the economy. The primary motive for this policy is to maintain price stability & achieve high economic growth.

10. What is Fiscal Policy?
Ans. Fiscal policy is a type of macroeconomic policy by which our government makes a strategic change to its spending and tax rates to influence a nation’s economy. Just like Monetary Policy, Fiscal Policy is another tool by which country’s economic conditions can be controlled.

11. What is a Repo Rate?
Ans. Repo Rate is the rate at which RBI lends money to commercial banks. Whenever any bank faces shortage of funds, it can borrow from RBI. Decreasing Repo Rate will help banks avail more money at a cheaper rate. Vice versa, Increasing Repo rate will make borrowing money from RBI more expensive.

12. What is Reverse Repo Rate?
Ans. Reverse Repo rate is the rate at which RBI borrows money from banks. RBI uses this tool to drain excess money circulating in the banking system. Banks have absolutely no qualms about lending money to RBI since their money is in safe hands; not to mention a good interest, too.