Thursday, January 14, 2016

Important Questions and Answers for IBPS PO V Interviews - 1/4

Hello and welcome to ExamPundit. Here are some Important Questions with Answers for IBPS PO V Interviews which was asked in our LIVE Q&A 1st Session of 4.

[Q] If a customer without any documents should get bank a/c ?

Answer: Small accounts can be opened for persons who do not have KYC docs but these are valid for 12 months only.

[Q] Small a/c means?

Answer: It is a type of a/c for those who do not have Officially Valid KYC documents. .There are many restriction in this
It can be can be converted to Regular Savings Account after submitting KYC documents. 
These are primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees.

[Q] What motivates you the most ?? Possible answers for this question

Answer: What exactly motivates you the most. Don't make up stuffs which determines your personality.

[Q] I have 4 years gap after my BTech.. should i say i have been preparing since 3 years ?? I attended 3 interviews before this and always a question regarding gap

Answer: Be honest. Say! It shows that you did not give up, and it also shows you will not leave them after a few months.

[Q] Difference between t-bill, commercial paper and certificate of deposit. In easy words

Answer: T-Bill - Treasury Bills are short term (up to one year) borrowing instruments of the Government of India which enable investors to park their short term surplus funds while reducing their market risk. They are auctioned by Reserve Bank of India at regular intervals and issued at a discount to face value.

To give a boost to the money market and for reducing the dependence of highly rated corporate borrowers on bank finance for meeting their working capital requirements, corporate borrowers were permitted to arrange short term borrowings by issue of Commercial Paper (CP) with effect from Ist January, 1990.

A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.

[Q] What changes will you make to your branch after becoming a PO to improve the branch business?

Answer: Focus on the current topics, for eg. Creating Awareness about Money Laundering, Fraud Calls, Digital Banking, Encourage people about Govt Schemes, Long Term Investments.

[Q] Will you relocate to different state or you want same city posting??

Answer: "I'm flexible with both" should be your ans.
After selection you can again give your 1st three places of pref :)

[Q] Explain Debenture in easy words?

Answer: Debentures are a corporate or government bond not secured by any specific assets or property/ It is a debt instrument used by large companies to borrow money, at a fixed rate of interest.

In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.

[Q] 1) If your Branch Manager is torturing you, what would you do?
2) If your clerk is not working, what action would you take or what would you do??

Answer: Both of the question determine your Communication, Managerial and Diplomatic Skills. One is about someone above your position, one lower. In both the cases, just make sure you show your tolerance, diplomatic and problem solving attitude.

1) I will try to do the work given by the BM to my extent and if not satisfied then will take the matter to higher officials.
2) I will try to speak to clerk about the problem and resolve it and if not resolved then will take the issue to higher authorities.

[Q] Difference between bond & equity?

Answer: Bonds and stocks are both securities, but the major difference between the two is that stockholders have an equity stake in the company (i.e. they are investors), whereas bondholders have a creditor stake in the company (i.e. they are lenders).

[Q] What is Near Field Communication Technology Banking?


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