As IBPS PO and Clerk interviews are getting closer, many readers suggested me to write a detailed post and curate all the important study material that is highly useful for the interview preparations.
Although I wrote lots of notes and articles for interviews but today I handpicked few of them to help you find best study material.
There is no need of any special coaching or crash course. I am conducting free mock interviews, although it's not possible to interview all the candidates
I recommend you to go through all the mock interviews.
Performance Criteria
- Qualities that an Interviewer is looking for
7 Qualities that an Interviewer is looking for
1. Clarity of thought
Why you want to work in a bank.
Your answer - Right now I am working in my fathers business but I don't find any growth in it.
This will create a negative impact in the ind of interviewer. Step in the shoes of interviewer. He will think that this person is not stable.
Right now he is not interested in his father's business after a year or so he will not be interested in a bank. After all it's a boring job. I know this well. There are many other needy people who don't have any other option.
Result are out
You failed in interviews!! You didn't even get passing marks. I hope you know the reason.
2. Decent looking
Many people wear casual jackets or coats in the interviews. Get a simple Black coat with a tie for interview. After all its a service industry and they are looking for decent looking employees.
3. Honesty
Many candidates are unemployed from past 5-6 months because they are preparing for the exam.
Is it a bad thing or a matter of shame ?
No
Be honest and explain the interviewer that competition level is really high and it was almost impossible to crack the written exam without rigorous preparations. So you left your job.
4. Good communication skills
Practice, practice and practice
Use your washroom mirror to see how you look while answering the question. Read newspaper loudly to improve your confidence.
5. Mobility
One of the most popular questions is :- If you get posting 1500 km away from your hometown what would you do.
Whether you will go or not, say Yes I will go.
6. Strong work ethics
Recently many PSU bank managers were involved in unethical practices. Now interviewers are looking for ethical employees who want to help
7. Seriousness
Every employer is looking for an employee who is serious about the company and job. If the job is just another option and if you think you deserve better, then you might not be the right candidate.
Be serious. Interview room is not the best place to crack
Common Questions
While preparing for interview many candidates got consused while answering common questions. So Today I made list commonly asked Interview questions.
List of questions
- 50 Common Interview Questions asked in Bank Interviews
Introduction
- Introduce yourself in one minute
- Define yourself in one word
- Describe yourself briefly
- Meaning of your name, who named you and why?
- Do you have any namesake?
- What is your father and his job profile?
- What is your family background?
- Where do you come from?
- Tell me about your native place/city/ state and it is famous for what?
- What are your hobbies and interest?
- If you do not succeed this time, what will you do?
- What is your educational background?
- Tell me something about your achievements?
- Any extra-curricular activity pursued by you?
- Why do you want to join Banking sector?
- What qualities should one possess to be a Bank P.O.? Do you think you have these qualities?
- Who is the founder of this Bank?
- When was this bank nationalized?
- What is the current financial position of bank?
- Name the person who inspired you the most?
- How is your subject helpful in banking sector?
- Why is there a gap in your studies?
- What are your strong and weak points?
- As a student of Science/Art/Commerce, why didn’t you go for higher studies?
- Newspapers and magazines that you normally read? Name the Editor of Newspaper?
- Why should we select you?
- Why do you want to be a P.O.?
- What is your idea of life?
- What is the importance of hobby in our life?
- Where you see yourself after 10 years ?
- Have you cleared any exam earlier?
- What will you do if you don’t get selected?
- What does your mother do or whether she is a house wife or in a job?
- Where did you spend your childhood?
- Why don’t you join your family business?
Educational Background
- You passed B.Sc./B.Com/B.A. in the year 2007, what were you doing till now?
- There is a gap in between graduation and P.G. Why?
- Why is there a great variation in marks between class 10th, 12th and Graduation?
- What is the use of your subject in this sector?
- What is the use of your subject in life?
- How do you correlate your subjects with Banking?
- Why didn‘t you continue your studies?
- Your subjects are related with IAS, PCS. Then why are you here?
- From which college/univeristy have you completed your graduation?
- What are the specialities of the schools/colleges from where you have acquired education?
- Why have you switched to Arts stream from Science stream or vice versa?
- These days the use of computer is increasing in the banking industry. Since you don’t have the knowledge of computers, how will you perform your job satisfactorily?
- You have done MCA then why d on’t you go for technical post?
- What is the motto of your college/university?
- You have written in your bio data “N.A.” What is this?
Most Popular Questions in a Bank Interview
What an Interviewer is looking for :-
Candidate should be reliable. Interviewer prefers a candidate who doesn't have any other option. If you are unemployed right now, speak up. It may be in your favour.
One of the interviewer from the panel will try to be behave casually with you. They want to know how you react. Be serious as they are looking for a "Serious Workhorse"
Commerce background
- Accounting rules
- Accounting principle
- Taxation
Most common questions
- Name all kinds of investments under section 80(c).
- Return on which investments are tax free under section 80(c) of income tax act (Ans - PPF)
- Which tax brings highest revenue to central government (Ans - Corporate tax , get details here)
- What is marginal accounting ?
- What is NPV (Net Present Value)
- What is small service provider ?
- What is the last date to pay Advance tax ?
- How often we need to fill service tax return
- What is rate of VAT on education books (Ans -These are tax free)
Management background
Marketing models
Marketing environment
Sources of finance
Important questions
What are swaps and options ?
What is porter model
BCG matrix
What are angel investors ?
What are Cash Cows
What is a stock index ?
How the value of Sensex is calculated ?
Download Interview Preparation Digest
Common Questions for all streams
- What are various types of risks a bank faces (Most important) This question is asked in almost every PO or Clerk interview.
- What is CIBIL ?
- What are NPA
- What is Credit Rating ?
- What is KYC and what's it's purpose ?
- What is the difference between NEFT and RTGS ?
- What kind of services a bank provides ?
- What is mutual fund ?
- What are various types of mutual fund ?
- Which is the safest type of mutual fund ?
- Which is the safest investment ?
- What is value of Sensex, Gold, Dollar, Sterling Pound right now (Must read newspaper on the interview day)
- If I give you Rs 10 lacs, what will you do with this money (Your answer should be - I will buy a house or I will pay off my education loan. Never say that I will start my business or something like that. It will be a deal breaker answer)
- In case you get the job and you get the posting in Kerala or Bihar, will you join (Say yes with confidence)
- Why we should give you this job ?
- Why you want to work in a bank ?
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