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IBPS Interview Questions Answers

jbigdeal Staff asked 3 years ago

Institute of Banking Personnel Selection – IBPS Interview Questions Answers 2015-2016. The following Interview question answers is based on the Previously asked question in interviews 2015-2016. You can also check HR interview question Answers.

IBPS Interview Questions with Answers

IBPS Interview Questions Answers

IBPS Interview Questions Answers

These IBPS Interview Question Answers can be useful for various post like Clerk, PO, RRB, Specialist Officers,  Management Trainee, of IBPS Recruitment exam. We have found some IBPS interview question based on last 10 years. But unfortunately we do not have the answers for each interview question. But I am sure the answer can be found in Online.

IBPS Interview Questions Answers

There are some basics HR question which normally asked by every interview during the interview, the following interview question should be prepared intelligently by your self.

IBPS Interview Questions Answers [Banking Sector]

The following question is commonly asked by interviewer which is from Banking Sectors. Candidate should prepared these questions in good way.

What do you mean by a Banker?

  • Banker is An individual who is engaged in the business of banking.

Why you wants to be a Banker?

  • DON’T tell this is a easy job or I am from the same field.  Starts with I really like to talk to people love to suggest them how to how to handle financial conduction. etc

When was the Reserve Bank of India established?

  • 1 April 1935

Which is the largest commercial bank in India?

  • State Bank of India

Which is the first foreign Bank in India ?

  • Answer: HSBC

What is the difference between Cheque and Demand Draft?

  • Both are used for transfer the amount b/w two accounts of same or different Bank. Cheque is written by an individual and withdrawn from the account whereas Demand draft is issued by a bank where you have to pay before issuing.

What are NBFCs and difference between NBFCs and Bank?

  • Non-bank financial companies (NBFCs) are  financial institutions that  provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.

What is Private Banking?

  • Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual 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.

What is recession? What is the cause for the present recession?

  • It  can  be  defined  as  if  country’s  GDP  growth  is  negative  for  two  or  more consecutive years and the main cause for the present recession is Sub-Prime crisis where it started in US.

Who is known as the ‘Father of Economics’?

  • Adam Smith: The Father Of Economics

Which was the first Indian Bank to introduce credit card?

  • Central Bank of India was the first public bank to introduce credit card

What does devaluation of a currency mean?

  • Devaluation” means official lowering of the value of a country’s currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency.

What is known as plastic money?

  • Answer : Credit cards

A secretary who answers calls for a company buyer may be taking on which role within the company’s decision-making unit?

What is Sub-prime crisis?

  • The current Subprime crisis is due to sub-prime lending. These are the loans given to the people having low credit rating.

What is a Repo Rate?

  • Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive

What is Reverse Repo Rate?

  • This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates.

What is CRR Rate?

  • Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.

What is SLR Rate?

  • SLR  (Statutory  Liquidity  Ratio)  is  the  amount  a  commercial  bank  needs  to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate  tuning the  money supply in  the  system can  be  controlled efficiently.

What is Bank Rate?

  • Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.

Many a times, we read in newspapers that some big banks have revised their lending rates to make them dearer or cheaper. Though the decision to raise the lending rates is always in the hands of the banks normally they announce this decision of theirs—

  •  When the Monetary and Credit Policy of the RBI is reviewed periodically.

What is Inflation?

  • Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods.

What is Deflation?

  • Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.
Important Note:
The above interview question will be updated once in 15 days, you can check the following topics.