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Bank Interview Questions and Answers for Clerks , PO’s and Specialist Officers

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Bank Interview Questions and Answers for clerk , po , specialist officers, ibps, sbi,icici

Here are the collection of some important and rarely asked bank interview questions and answers Bank PO Interview Questions and Answers | PO | Clerk. Read more … » , hope it will be useful for the candidates who are attending bank interviews conducted by IBPS and SBI and other banks.

Bank Interview Questions with Answers.

Q1) Why do you want to enter banking sector or banking field?

Ans) Banking Sector is one of the fastest growing sectors in India with more stable and high growth and more over providing wide range of career opportunities for desired graduates and post graduates. So, I want to make my career in Banking Sector

Q2) Do you know the difference between Demand Draft and Cheque?

DD (Demand Draft) and Cheque, both are used for transfer the amount between two accounts of same or different Banks.Cheque is given by an individual and withdrawn from the account whereas DD is issued by a bank where you have to pay before issuing.

Q3)What are NBFCs and difference between NBFCs and Bank?

NFBC Non-bank financial companies are financial institutions that provide banking services, but do not have a banking license. NBFCs do offer all types of banking services, like credit facilities and loans , retirement planning, money markets, and merger activities. These institutions are not allowed to take deposits from the public.

Q4). What is Private Banking?

Banking services offered to HNWI (Full form of HNWI is high net-worth individuals). Private banking institution
assists the HNWI in investing his/her money in exchange for commissions and fees. The term “private” refers to the customer service being rendered on a more personal basis.

Q5). What is the Use of Computers in a Bank?

Computers are used for many purposes in banks like:

  • Account Information of Customers are stored.
  • Mathematical operations can be solved in fraction of seconds.
  • For User Authentication.
  • Easy Online Transactions with other banks.
  • When you use an ATM, you are using a networked computer terminal. It’s easier to access/update the information.
  • An employee can also check a customer’s account balance instantly.
  • Computers help a bank save time and money, and can be used as an aid to generate profits.

Q6).What is recession? What is the cause for the present recession?

Q7). What is Sub-prime crisis?

Q8). What is a Repo Rate?

Q9). What is Reverse Repo Rate?

Q10) What is CRR Rate?

Q11) What is SLR Rate?

Q12.) What is Bank Rate?

Q13.) What is Inflation?

Q14.) What is Deflation?

Q15.) What is PLR?

Q16.) What is Deposit Rate?

Q17. What is FII?

Q18 ). What is FDI?

Q19) What is IPO?

Q21. What is Fiscal Deficit?

Q22) What is Revenue deficit?

Q23). What is GDP?

Q24. What is GNP?

Q25. What is National Income?

Q26 . What is Per Capita Income?

Q27 . What is SEZ?

Q28 Functions of RBI?

Q29 What is monetary policy?

Q30. What is Fiscal Policy?

Q31 What is bank and its features and types?

Q32 What is Right to information Act?

Q33 What is Cheque?

Q34 What is demand Draft?

Q35 What is a NBFC?

Q36 What is NABARD?

Q37 What is SIDBI?

Q38 What is SENSEX and NIFTY?

Q39 What is SEBI?

Q40 What are Mutual funds?

Q41 What are non-perfoming assets?

Q42 What is Recession?

Q43 What is foreign exchange reservers?

Q44. What is the difference between Nationalized bank and Private Bank ?

Q45. What is CRM?

Q46. What is dematerialisation ?

Q47. What is Derivative ?

Q48. What is Bancassurance ?

Q49. What is LAF ?

Q50. What is Money Laundering ?

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