Tips for banking exam
Editorial Team198|0Last Updated:10:00 am, August 07, 2012
The key for doing well in a bank interview is preparation. There are a few categories of questions asked including background, current affairs, academics and knowledge about the bank and sector. Answers will depend on your education qualifications, work experience (including internships) and the location that you have applied to.
The following categories are more commonly asked:
Background
- Tell us something about yourself?
- Tell us something about yourself which is not in your CV
- What is your family background?
- What are your hobbies?
- You state that you like to read. Tell us about a book you have read?
- What are your strengths and weaknesses?
Tip: Prepare a two-minute description of three things that you want the recruiter to know about you. Your answer should include: brief background, what you have studied, strengths, achievements and how they relate to the job.
For strengths and weaknesses, remember to turn your weaknesses into strengths.
Career
- Why do you want to do in banking?
- Why do you want to work in this bank?
- Would you work in a rural location?
- Can you work anywhere in India?
- Where do you see yourself in five years time?
Tip: Match your interests and skills with that required in the industry. Ensure you are familiar with the bank’s hierarchy and areas of operation.
- Recruiters are looking to see if you are serious about working in the sector when they ask about your five year plan. Go through the bank’s hierarchy and never say: I want to sit where you are sitting.
Academics
- Have you sat for any other bank exam?
- You will be asked questions related to the subject you have studied and to explain certain terms
Current affairs
- Name some topics that in the media today.
- Tell me about the status of India’s economy
- Recent changes in politics and the law
- News concerning banks – changes of regulations, new MDs, name of RBI governor
- Sports – questions on cricket have been asked
Tip: Make sure you keep up with current affairs – online, news or by reading – at least three weeks before the exam
Banking industry
-What is a bank?
-Tell me what a bank does?
-What are the differences between a public sector and private bank?
-What foreign banks are there in India?
-How is a bank different from a saving bank or a post office?
-What is banking business?
-What are the functions of the RBI?
-What is written on a 100 rupee note and whose signature is there on it?
-What is repo rate and reverse repo rate?
-What is a debit card and what all can be done with it?
-Explain terms in the industry eg recession, subprime rate, monetary policy etc
-What is SLR?
-What kinds of accounts do you hold?
-What interest rate are you paying?
-What are the differences between a savings and current account?
Bank applied to
- What do you know about our bank?
- Tell us what you know about our latest incentives?
- Why should we hire you?/ How can we judge that you are suitable for this job?
- Given your education experience, why do you want to apply for this job?
Tip: Answers such as ‘I am interested in the field’ will not impress the interviewer. You will have to match your strengths and achievements with the qualities required for the job.
Remember to ask questions to the interviewers regarding the working culture, job profile and organization. An interview is a two-way process and asking appropriate questions indicates that you are interested in the job.
Image courtesy: Photos.com
You can explore banking related colleges across India
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