IBPS PO Interview 2018: Expected Interview Question & Answer PDF ( Day-1)

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IBPS PO Interview 2018: Expected Interview Question & Answer PDF

IBPS PO Interview 2018: Expected Interview Question & Answer PDF. Welcome to the www.letsstudytogether.co  online interview preparation section.  First of all, big congratulations to all of the candidates here who have crossed the most crucial two hurdles of becoming a Probationary Officer in a Nationalized Banks.

IBPS PO Interview 2018 Interviews are expected to be conducted in the month of January/February 2018. To aid you all with your preparations, here are Expected Interview Question & Answer PDF for your upcoming IBPS PO Interview.

IBPS calls candidates in a ratio of 3:1 for each post, which means that there will be three candidates interviewed for each post. So in order to be successful, you need to try to score very well in the interview. This can be achieved by proper planning and preparation

IBPS PO Interview 2018: Expected Interview Question & Answer

1. Why do you want to join the Banking sector?

  • Banks are the lifeline of the Indian economy
  • Banking is one of the fastest growing industries in India and offers a stable career with high growth opportunities.
  • It provides a wide range of career opportunities for graduates.
  • It provides many job profiles covering different fields.
  • Many roles in banks require direct interaction with potential customers. Thus, an employee gets opportunities to utilize his interpersonal skills, salesmanship skills, etc.
  • Many roles in banks require analytical, mathematical, or financial skills. Those candidates who are skillful in these areas would love such opportunities.

2. Why do you want to join the government sector?

  • The Government is one of the largest employers in India.
  • Jobs in the government sector offer many different kinds of roles.
  • Thus, candidates can opt for roles/job profiles that match their area of interest and their skill levels.
  • Government jobs often come with greater responsibilities than those that private sector jobs provide. These jobs thus allow candidates to meaningfully contribute to the organization and to society. Hence, such jobs often provide greater job satisfaction.
  • Government jobs offer stability and a good reputation. They also offer good growth opportunities.

3. “Tell me about yourself”

This question gives you an opportunity to showcase yourself to the interview panel. Most interviews involve candidates being questioned on areas related to their profile, their academics, their work, etc. Thus, in answer to this question talk about your strength areas: those areas for which you have prepared well and are confident of handling most of the questions. You can mention your academic background, your academic performance, your extracurricular activities, your hobbies, and interests. You may talk about your hometown or your school or college. You may even talk about your goals in life. In other words, you must decide which aspect of yours you want to highlight in front of the panel. Talk about those aspects in answer to this question.

4. What do you mean by a Central Bank or Reserve Bank of India (RBI)?

A central bank is an organization responsible for shaping the monetary policy of a nation or group of nations. Examples: the Federal Reserve Bank (U.S.), the European Central Bank (EU) and the Bank of Japan (Japan)

  • Reserve Bank of India (RBI) is the nation’s central bank and is also called the “Banker of Banks”
  • Established by the RBI Act (1934) in 1935 and nationalized in 1949.
  • It was established with the objective of ensuring monetary stability and operating the currency and credit system of the country to its advantage.
  • The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission.

RBI is called “Bankers’ Bank” because all banks have accounts with the RBI. It provides funds to all banks.

5. Who is the present governor of RBI?

Urjit Patel is the 24th governor of RBI, who replaced Raghuram Rajan.

6. RBI has now shifted to bi-monthly policy review. What do you mean by bi-monthly policy review?

Earlier, RBI announced the monetary policy review every quarter (once every three months). Now RBI has shifted to a bi-monthly policy review, which means that the RBI will announce monetary policy review with a gap of every two months. The first bi-monthly policy review was announced on April 1, 2014. This was started after Urjit Patel recommended that the central bank monetary policy committee meet every two months to review rates.

7. What do you mean by monetary policy? Who controls the monetary policy of India?

The monetary policy of India is determined by the Reserve Bank of India (RBI). It is a method by which the RBI maintains adequate money supply in the economy by controlling interest rates and other instruments in order to maintain price stability and achieve high economic growth.

8. What are Open Market operations?

Open Market Operations refer to the purchase or sale of government securities by RBI.

  • When the RBI sells securities in the market, money gets transferred from the commercial banks to RBI. This transfer decreases money supply in the system. Shortage of money in the system can help control spending by individuals or companies and harness inflation.
  • When the RBI purchases securities from the market, money gets transferred from RBI to the commercial banks, thus increasing the money supply in the system. This is done if economic growth is slowing down.

9. What is the history of Banking in India? What services do banks provide?

Banking in India in the modern sense originated in the last decades of the 18th century. Among the first banks were Bank of Hindustan, which established in 1770 and liquidated in 1829-32; and General Bank of India established 1786 but failed in 1791.

Services of Banks: Banks provides us with many services, like:

  • Safe custody of our money and valuables
  • Financial help by the way of loans like personal loans, housing loans, vehicle loans etc. A Loan is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. For example, Educational Loan: If a student wants to pursue higher studies, or wishes to study abroad, but does not have sufficient money to pay the expenses for the course or degree, he/she can take an educational loan from the banks to finance these fees.
  • Insurance: Life and Non-life etc.

10. How is Financial Inclusion being executed in India?

Financial Inclusion means providing financial services at affordable costs to every citizen of society where those services are not available or affordable, especially in rural areas of the country. The ‘Pradhan Mantri Jan Dhan Yojana’ Scheme for financial inclusion launched was launched by Prime Minister Narendra Modi on 28th Aug 2014 to help the poor open bank accounts.

Key Facts about Pradhan Mantri Jan Dhan Yojana:

  • The slogan of the scheme is “Mera Khata – Bhagya Vidhaata”
  • The scheme aims to open minimum 15 Crore Bank accounts by 15 Aug. 2015
  • Every person will be eligible to receive an accident insurance cover of up to Rs. 1 Lakh. HDFC Ergo General Insurance will provide the accident cover under the scheme
  • An additional 30,000 life insurance cover will be provided for those opening bank accounts before January 26, 2015. Life Insurance Corporation (LIC) will provide the life insurance cover
  • The scheme will provide Rs 5,000 overdraft facility for Aadhar-linked accounts, and Ru Pay Debit Card for all account holders
  • A minimum monthly remuneration of Rs 5,000 will be given to the business correspondents who will provide the last link between account holders and the bank.

 Expected Interview Question & Answer PDF 


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