After clearing your IBPS PO written examination, now you are about to face the most important phase, IBPS PO Interviews that will decide your future and lead you to the way to your dreams.
Your performance in IBPS PO Interviews will decide the worth of your attained marks in the written exam. As the competition is relatively high from the preceding years, you have to score virtuous marks to see your name in the merit list of the combined scores.
The most important step of your PO Interviews is preparing for the IBPS PO interview question and answers (FAQs) that are generally asked the aspirants.
We are helping you with the important IBPS PO interview FAQs so that you can answer confidently and perform effectively in interviews.
IBPS PO Expected Interview Question with Answers
On the basis of the question asked in previous IBPS PO interviews, we are presenting here the important questions along with the suitable answers.
You may expect the same questions in your interview, so prepare them carefully:
Que: Introduce / Describe yourself?
Ans: Your answer should include the following details:
Personal Information (Your Name, Parents’ Designation etc.)
Education (Your Degrees, College and City Name)
Work Experience (if any)
Additional qualification or achievements (if any)
Your hobby (you are advised to develop at least one hobby as it considered a good practice)
Que: Why do you Want to Join Banking Sector?
Ans: In our country Banking is considered as one of the fastest growing sectors. It can offer several career opportunities.
Note: Kindly avoid answering like “banking is your childhood dreams”, “job security”, “big salary” etc.
Que: Will you leave this job if you get a better Job opportunity?
Ans: This is a common question asked nowadays in bank interviews if you have higher educational qualifications. Your answer should be as follows:
I believe in living a stable lifestyle rather changing it for small monetary benefits. And I find banking career as a good growth opportunity, so I will not quit this job.
Que: How your high studies & qualification is going to help us?
Ans: Candidates appearing for IBPS Interviews are from different fields that don’t provide them any knowledge regarding banking and finances. You can answer like:
My technical knowledge and skill will help me handle customers from these sectors.
I have good professional skills that will help me in managing team work.
I have good communication skills that will me in offering confident customer services.
Que: What are your weakness/Strength?
Ans: My strength is that I can make solutions to the problem and situations as per the need. I can motivate myself for any work involved that I get involved with.
My weakness is that I am habitual to complete my work by following proper rules and want to see others following the rules too. If anyone is not doing so, I may get irritated. But I promise I will make a solution to it soon.
Note: Make sure, you won’t reveal any weakness that may result in a bad impression. It’s good if your weakness also gives a positive attitude towards your work.
Que: What qualities should one possess be a Bank officer? Do you think you have these qualities?
Ans: According to me a Banker should possess the following qualities:
Good Communication Skills
Accuracy and Efficiency
Mathematical and Analytical Skills
Co-operative and Friendly Personality
Alert and Awareness
Honesty and Integrity
All these qualities are very important. And I positively feel that I have these qualities with me and in the near future, I will be developing these qualities at a good level.
Que: As a student of Science/Art/Commerce, why didn’t you go for higher studies?
Ans: In this case tell them the accurate reason you have.
Que: What are your career goals? Where do you see yourself five years from now? Ten years?
Ans: I plan things systematically. I don’t know that in which bank I will get placed, so at present, it’s tough to tell you the exact designation. But after 10 years, whatever position I will be having, you can see me learning something new.
Que: How do you Handle Pressure?
Ans: Show your level of handling pressure with an example you have faced in the past. Make sure you would be able to make a good impact on the interviewer.
Que: How you manage your work? Explain your management style?
Ans: I keep information regarding the status of work done by me and my subordinates on regular basis. I finish the assigned work within the allotted deadline.
Que: Why should we hire you?
Ans: If you hire me, I will be able to present my skills in front of you. I assure you that whatever goals our organization will set, I will complete them within the specified time.
Important Note: Kindly prepare topics related to your education background. Specially the “meaning and importance of the subject field in which you have possessed your degrees”.
For example: If you are from Economics’ filed, you might get questioned like “What is Economics and why it is important? Tell us about the factors affecting our Economy!”.
These all were the questions that may be asked to examine your personality, character, skills etc.
You will also be asked questions regarding the current affairs, banking, and finance to test your knowledge and learning about the related field. Some important questions are shared below:
Que: What is CRR, SLR, Repo Rate, Reverse Repo Rate, Bank Rate, NPA etc.?
Ans: Kindly read all the important banking terms. Refer the link – Important banking terms – SBI, IBPS PO/ Clerk/ SO/ RRB Exam
Ques: What is Marketing, E-Commerce?
Ans: Marketing can be understood as the action or business of promoting and selling products or services, including market research and advertising.
Que: Tell me something about Mobile Banking & Net Banking.
Ans: Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a mobile phone or tablet.
Net Banking is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website.
Que: What is Indian Constitution?
Ans: Indian Constitution is the supreme law of India that lays down the framework defining fundamental political principles, establishes the structure, procedures, powers, and duties of government institutions and sets out fundamental rights, directive principles and the duties of citizens.
You can know more about Indian Constitution by reading – 15 Amazing Facts You Might be Unaware About Indian Constitution
Que: Tell me something about Prime Minister Jan-Dhan Yojana?
Ans: Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
An Account can be opened in any bank branch or Business Correspondent (Bank Mitr) outlet. PMJDY accounts are being opened with Zero balance. However, if the account holder wishes to get cheque-book, he/she will have to fulfill minimum balance criteria.
Know the complete process by following the link – http://www.pmjdy.gov.in/scheme
Que: Explain Demonetization, its effects, and challenges faced by the Indian Economy?
Ans: Demonetization is the act of stripping a currency unit of its status as legal tender.
But in simple terms demonetization means that Reserve Bank of India has withdrawn the old Rs. 500 and Rs. 1000 notes as an official mode of payment.
Its effects and changes can be explained here – Govt demonetizes Rs 500, 1000 Notes: Crucial Step to Curb Black Money!
Que: What was the impact on India’s Growth Rate after Demonetization?
Ans: Because of Demonetization, India’s Gross Domestic Product (GDP) growth forecast for the current fiscal year decreased to 6.9% from 7.4%, and lowered its 2017-18 projection to 7.7% from 8%.
Que: Do you know about Accounts?
Ans: Accounts can be understood as a record or statement of financial expenditure and receipts relating to a particular period or purpose.
Que: What is the procedure to Withdraw or encash Fix deposits (Daily banking activities)?
Ans: Withdraw Fix Deposit is also known as Breaking of Fixed Deposit. It is done when we urgently require funds or we get better investment opportunities elsewhere. You have to follow the following procedure:
Write an Application mentioning you want to break your FD/RD.
You should mention the account number where it should get credited and the Deposit Number.
You have to fill the premature FD Breaking form available at the bank itself.
You must attach an ID proof (PAN etc).
Deposit the form in the bank.
In the case of companies with a current account, company’s seal will be required along with signatures of partners.
You will not be able to get the same interest rate offered originally. You will be getting the interest rate according to the tenure your saved your FD in the bank.
Que: Tell us about Fintech companies!
Ans: Fintech companies are those companies that use new technology and innovation to leverage available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services.
Que: Do you know about E-payment?
Ans: E-payment or Electronic Payment is a financial exchange that takes place online between buyers and sellers.
Que: What does BREXIT mean?
Ans: It is a word that that has been used as a shorthand way of saying the UK leaving the EU – merging the words Britain and exit to get Brexit.
Que: You might have heard about US President Donald Trump’s Decision on banning 8 Muslim Countries Visas, creating a boundary against Mexico, Banning H1B1 and L1 Visas. According to you what would be the effects of such decisions?
Ans: Donald Trump has taken the decision keeping in view the safety and national security.
The order bars the entry of any refugee who is awaiting resettlement in the U.S.
The decision prohibits all Syrian refugees from entering the U.S. until further notice.
It bans the citizens of seven majority Muslim countries; Iraq, Iran, Syria, Somalia, Sudan, Libya, and Yemen from entering the U.S. in any visa category.
Anyone with U.S. citizenship whether that person in natural-born or naturalized is not affected.
Que: What are the Pros and Cons of Indian Government’s decision to combine the Rail Budget and Economic Budget?
Ans: It will be favorable because:
There will be less wastage of time when a new policy is to be initiated and implemented. Keeping them separate resulted in a lot of drawbacks and hindrances.
There will be less of political pressure on the Railway budget and the centre will have the ultimate hold of the decision making.
The railways will be free of this now and the same fund could now be used in better ways for development the conditions of Indian railways.
A fall in the annual budget that will be something unusual for the railways and they might not react supportively to that.
After the merging, there will a complete end to any future chances of privatization.
Que: What are the important facts associated with the Union Budget 2018?
Ans: Read the complete highlights here – Union Budget 2017-18 Highlights – Impact, Reviews & Judgement
Que: Surgical Attacks on Pakistan – was it a good move?
Ans: Surgical strikes was considered the best option to deal with the threat as the option of surgical strikes was taken in the wake of an increase in infiltration bids. Terrorists had begun gathering in large numbers along the LoC with the objective of crossing the border and targeting locations in Jammu and Kashmir, as well as other metros.
Que: What you want to say about India’s relations with China?
Ans: This question needs a trick answer. Be cautious while answering. Don’t use any kind of offensive language. The love for your country should not disrespect another country’s integrity.
Share your thoughts calmly and in a healthy manner.
Que: Tell something about the Merger of 2 of biggest Telecom Companies – Vodafone and Idea!
Ans: The merger could create India’s largest telecom operator and the country’s largest player with a revenue market share of 43% leaving Bharti Airtel in the second slot with a share of 33%.
This could put an end to the debilitating tariff war and boost the industry’s profitability.
Que: What are the reasons behind the merger of SBI with its 5 associate banks and Bharatiya Mahila Bank.
Ans: The proposal to merge State Bank of India (SBI) with its five associate banks; State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala(SBP), State Bank of Hyderabad (SBH), and Bharatiya Mahila Bank (BMB), will create a much bigger entity in the Indian banking sector and enable the giant to make one step closer to the list of among the top global banks. The following achievements can be seen: –
As per the merger proposal, SBBJ shareholders will get 28 shares of SBI (Rs 1 each) for every 10 shares (Rs 10 each).
SBM and SBT shareholders will get 22 shares of SBI for every 10 shares.
In the case of Bharatiya Mahila Bank, 4,42,31,510 shares of SBI will be swapped for every 100 crores of Rs 10 each.
SBI will have an asset base of Rs 37 trillion (Rs 37 lakh crore) or over $555 billion, with 22,500 branches and 58,000 ATMs. It will have over 50 crore customers.
SBI’s market share will increase nearly to 22 percent from 17 percent.
IBPS PO Recruitment Programme
|Notifications||Online Application||Syllabus/Exam Pattern||Preparation Tips||Admit Card||Question Papers||Results|
IBPS PO Interviews 2019 – Read the Experiences Shared by few of the Interviewees
IBPS PO interview is the next stage after an eligible candidate clears the CWE stage. A candidate’s mental alertness, economic and banking know-how and analytical skills along with the most important aspect i.e. the communication skills are judged by the interview panel members.
Below we would be sharing a summary of the type of questions that have been asked in the recently conducted IBPS PO Interviews, shared with us by the fellow interviewees.
Make sure you read them carefully and understand the way an interviewer puts up the questions.
The Interview round usually starts with the Biometric verification of the candidate. Make sure your fingers are not covered with mehndi or tattoos or any other form of color.
All the important educational qualification documents are verified as per the details you had mentioned in the Online Application form.
Kindly be cooperative with the staff while they verify your details.
Enter the interview room with all the confidence you have in yourself. Keep all anxiety at side. Free your mind from unnecessary post-interview result worries.
Smartly give a brief description of your family and educational background, when asked to introduce yourself. You are well prepared to answer this question. Now is the time you need to finally answer this.
Get ready to face questions based on your previous work experience. If you are currently working with some bank say it a District Cooperative Bank or any other banking or financial firm; make sure you have an in-depth knowledge of the technical terms associated with the business process.
As you get into the swing of answering the questions confidently, you would yourself feel comfortable answering the new questions thrown at you by the interviewers.
It has been shared by the interviewees that the interviewers usually frame the next set of questions from your replies.
Like if they questioned you about Demonetization, and if you have used some economic term like GDP in your answers, most likely the next question would be on GDP. So, make sure your replies to the questions are simple and straightforward.
Prepare all the above-mentioned questions to crack the IBPS PO interview. Read 7 Tips You Should Consider While Preparing for Bank Interviews to perform confidently in the common interviews.
If you have any kind of doubt, kindly place them in the comment box provided below.
Share the article with your friends, if you find it useful and informative.
For more expert study tips and updates related to current affairs, stay connected via our social media channels:
All the Best for your interviews !