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IBPS PO Interview Questions for Banking Awareness

Last Updated - March 30, 2017

Candidates who clear the IBPS PO Exams are selected for the final phase i.e. the interview. Interview is an integral part of the IBPS PO Selection Process where you will be tested for things like your communication skills, behavior, personality, ability to work hard and work under pressure, cope with transfers during the job, problem solving abilities, and your knowledge and leadership qualities.

IBPS PO Interview Panel

Some of the finest intellectuals of the banking sector are a part of the IBPS PO Interview panel. They are knowledgeable and well exposed professionals. It also consists of a highly skilled professional from the field of psychology. Their role in the interview will be to observe candidates and determine their underlying personality traits at the end.

Questions Asked in IBPS PO Interviews

Banking Related Questions

Interviewer will test the aspirants on the basis of their banking awareness. IBPS PO aspirants should definitely expect questions related to the banking sector. Individuals must gain relevant bank knowledge i.e. learn about the functioning, and various undertakings of the banks. Prepare well to be able to answer all the questions and make your interview round interactive. Start your interview preparation with the following Bank related questions.

Ques. What is the Banking Ombudsman Scheme?

Ans. Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks.

Ques. What does the Banking Ombudsman Scheme, 2006 offer?

Ans. The Banking Ombudsman Scheme, 2006 enables resolution of complaints of bank customers relating to certain services rendered by banks.

Ques. Who is a Banking Ombudsman?

Ans. Banking Ombudsman is person appointed by the Reserve Bank of India to redress customer complaints against certain deficiency in banking services.

Ques. Does the Banking Ombudsman have any legal power?

Ans. The Banking Ombudsman is a quasi-judicial authority. It has power to summon both the parties - bank and its customer, to facilitate resolution of complaint through mediation.

Ques. How many Banking Ombudsmen have been appointed and where are they located?

Ans. 15 Banking Ombudsmen have been appointed with their offices located mostly in the State Capitals. The addresses of the Banking Ombudsman offices have been provided in the RBI website.

Ques. Which banks are covered under the Banking Ombudsman Scheme, 2006?

Ans. All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.

Ques. How does Banking Ombudsman function as an arbitrator?

Ans. Banking Ombudsman functions as an arbitrator in respect of any dispute (between a bank and its constituents).

Ques. What is the meaning of CBS?

Ans. Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account.

Ques. What do you understand by the GDP of the country?

Ans. The final value of all the goods and services produced under the geographical area of a country is the Gross Domestic Product of that country. GDP is calculated at consumption, investment and exports and imports are subtracted from the sum of these three.

Ques. What is the difference between nationalized banks and private banks?

Ans. A nationalized bank is owned by the govt. of that country and is also known as public sector bank whereas a private sector bank is owned by an independent individual or company.

Ques. What are the various risks that banks face?

Ans. There are mainly three types of risks faced by banks: -

  • Credit Risk: - loan or NPA.
  • Market Risk: - Money invested in the market.
  • Operational risk: - Day-to-Day working risks.

Ques. What is Para Banking?

Ans. Para Banking includes all the services provided by banks apart from day to day banking. For example: - Debit cards, Credit cards, Life Insurance products, Cash Management services etc.

Ques. What are the components of the monetary policy of RBI?

Ans. The components of monetary policy include CRR, Repo rate, reverse repo rate, SLR, MSF and Bank Rate.

Ques. What is Marginal Standing facility (MSF)?

Ans. In MSF, banks borrow money from RBI for upto 24 hours. MSF is always 1% above the repo rate and banks can draw only upto 25 of their NDTL from RBI.

Ques. What is white label ATM?

Ans. It refers to ATMs owned by corporate or private operators seeking to earn a commission by banks for transactions performed by their customers. For ex: - INDICASH by TATA group.

Ques. What is the CAD? What is Fiscal deficit?

Ans. CAD or current account deficit is the difference between the imports and exports of a nation in one financial year whereas fiscal deficit is the difference between total revenue and expenditure of a nation.

Ques. What is Term Repo?

Ans. Under term repo, RBI lends to banks through auction of funds. The minimum interest charged has to be above the repo rate and there is no limit for maximum interest rate because auction is made on the rate of interest.

Ques. What is Capital Adequacy Ratio? What is DEMAT account?

Ans. CAR is the proportion of capital to the banks’ risk. DEMAT accounts are those in which shares, securities and insurance policies are kept in electronic form.

Ques. What is brown label ATM?

Ans. It refers to the ATMs where investment, installation and maintenance is by a private operator but the license and branding is by a commercial bank.

Ques. What are the parts of banks’ capital?

Ans. Bank has following parts of capital: -

  • Tier 1 capital: - Paid up capital (core capital) + Reserves (owners or promoters’ fund)
  • Tier 2 capital: - Secondary Capital (borrowed funds) + general loss reserves + subordinated term debts + undisclosed reserves (can’t be maintained in India)
  • Tier 3 capital: - Same as tier 2 capital but with a higher amount in order to face the market risks of the bank.

Do’s and Don’ts for the Interview

  • Do not fidget. Sit straight and take due care of your body language.
  • Do stay calm throughout the Interview. It’s okay to feel anxious but try not to reflect it on your face.
  • Do not mug up answers. Preparing a few points beforehand is fine but do not answer like a robot as if you have mugged up the answers.
  • Do carry all the necessary documents, extra photographs etc.
  • Do make eye contact with the interviewers. It reflects your confidence.



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