Thursday, 10 March 2016

IBPS Clerk PO Interview Common & Top Asking Questions

friends Here . providing Article On IBPS Interview Questions For Clerk PO & Specialist  Officer  Common Interview Top And Most Commonly Asked Questions By Interview Board . Most of Aspirants Getting Confused to Give Answers so her Giving Clear Idea On Topic . Here Providing Material By E-Mahendras
1. Why do you want to  join banking sector?
Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing wide range of career opportunities for
graduates. So I want to take an opportunity to join in a bank.
2. What is the difference between Cheque and Demand Draft?
Cheque: Cheuqe is a negotiable instrument instructing a bank to pay a  specific amount from a specific account held in the   maker/depositor name  with that
Demand Draft: A demand draft is an instrument used for effecting transfer of  money. It is a negotiable instrument.
3. What is a Non-Banking Financial Company (NBFC)?
A  Non-Banking  Financial  Company  (NBFC)  is  a  company  registered  under  the  Companies Act, 1956 engaged in the business of loans and advances,
acquisition  of  shares/stocks/bonds/debentures/securities  issued  by  Government  or  local  authority  or  other  marketable  securities  of  a  like 
nature,  leasing,  hire -purchase,  insurance  business,  chit  business  but  does  not  include  any  institution  whose  principal business is that of
agriculture activity, industrial activity, purchase or sale  of  any  goods  (other  than  securities)  or  providing  any  services  and 
sale/purchase/construction  of  immovable  property.  A  non-banking  institution  which  is  a  company  and  has  principal  business  of  receiving 
deposits  under  any  scheme or arrangement in one lump sum or in installments by way of contr ibutions  or in any other manner, is also a non-banking
financial company (Residuary nonbanking company).
4.  NBFCs  are  doing  functions  similar  to  banks.  What  is  difference  between  banks & NBFCs ?
NBFCs  lend  and  make  investments  and  hence  their  activities  are  akin  to  that  of
banks; however there are a few differences as given below:
a. NBFC cannot accept demand deposits;
b. NBFCs do not form part of the payment and settlement system and cannot  issue cheques drawn on itself;
C.deposit  insurance  facility  of  Deposit  Insurance  and  Credit  Guarantee  Corporation is not available to depositors of NBFCs, unlike in case of

5 . 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.
6. What is BSBDA?
Under  the  guidelines  issued  on  August  10,  2012  by  RBI:  Any  individual, including  poor  or  those  from  weaker  section  of  the  society,  can 
open  zero  balance account in any bank. BSBDA  guidelines are applicable to "all scheduled  commercial banks in India, including foreign banks having
branches in India".
All  the  accounts  opened  earlier  as  'no-frills'  account  should  be  renamed  as  BSBDA.  Banks  are  required  to  convert  the  existing  'no-frills'
accounts‟  into  'Basic Savings Bank Deposit Accounts'.
The  'Basic  Savings  Bank  Deposit  Account'  should  be  considered  as  a  normal  banking service available to all customers, through branches .
The aim of introducing 'Basic Savings Bank Deposit Account' is very much  part of the efforts of RBI for furthering Financial Inclusion objectives.
7. What is BPS (Basis Points)?
BPS (Basis point) : -  BPS is an acronym for basic points is used to indicate  changes in rate of  interest and other financial instrument.
So when we say that repo rate has been increased by 25 bps, it means that  the rate has been increased by 0.25%
8. What is KYC?
The  Reserve  Bank  of  India  (RBI)  has  advised  banks  to  follow  „KYC  guidelines‟,  wherein  certain  personal  information  of  the  account-opening
prospect or the customer is obtained. The objective of doing so is to enable the  Bank  to  have  positive  identification  of  its  customers.   This  is  also  in  the  interest of customers to safeguard their hard earned money.
The KYC guidelines of RBI mandate banks to collect three proofs from their  customers.
They are-
  Photograph    
  Proof of identity  
  Proof of address
9. 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.
10. What is Base Rate?
It  is  the  minimum  rate  of  interest  that  a  bank  is  allowed  to  charge  from  its  customers.  Unless  mandated  by  the  government,  RBI  rule  stipulates  that  no  bank can offer loans at a rate lower than BR to any of its customers. It is effective from, July 1, 2010. However, all existing loans, including home  loans and car loans, will continue to be at the current rate. Only the new loans  taken  on  or  after  July  1  and  old  loans  being  renewed  after  this  date  will  be  linked to BR.
IBPS Interview Clerk PO RRB
Also read :
General Awareness Pdf Download for IBPS Clerk PO
Upcoming Bank exams 2016

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