Can you please tell me the Common Interview questions asked in IBPS CWE Probationary Officer PO exam?

Personal interview is basically the last stage in the IBPS PO selection process which is mandatory for every candidate to qualify by appearing before the Interview Panel.

This round of selection is organized for examining the general knowledge and attitude of the candidate.

Interviews are generally held at selected centers by Participating bank and coordinated by Nodal Bank in each State / UT with the help of IBPS.

IBPS PO Interview Questions

Q1.) Introduce yourself?

Ans. This is very general basic question that is usually asked in any Interview. So, be an opportunist at that time and try to answer to the question very smartly with some logical reasoning’s. Interviewer at this time wants to know about your background and other details with this question. Many interviewers use answer of this question to ask second question. If you are in a panel focusing on HR questions then this is must question

Q2.) Why you want to enter in Banking Sector?

Ans. Tell these factors included in your answer will make the answer look professional. Possibility of growth in banking sector is very high these days.

Possibility of growth
Job security
Prestige in society

Q3.) What are your strengths and weaknesses?

Ans. Always tell about those strengths only which are beneficial for them and shows your ability. And answer for your weakness must be quite effective and do not say that you not have any weakness because it give a negative impression as it shows over confidence.

Q4.) What are your career goals? Where do you see yourself five years from now? Ten years?

Ans. Well this type of question could be a trap. we should say that i always plan the things step by step that`s why i have a ready plan for the coming up year and that is feasible. If I say that to get a job and to settle myself in the company would be a practical answer.

Q5.) After MBA why banking as a clerk why not in that line?

Ans. Interviewer here wants to know your career ambitions. Be very clear in specifying the goals for getting in the Bank , like one can answer ” The thrust of customer services that a Bank is having no other industry has equivalent this I believe also accuracy and competitiveness is on scaling heights in Banking “

Q6.) How do you Handle Pressure?

Ans. High achievers tend to perform well in high pressure situations. These questions also could imply that the position is pressure packed. If you do perform well under stress provide an example with details giving an overview of the stressful situation. Let the interviewer feel the stress by your description.

Q7.) Describe your Management style?

Ans. I will be constantly keeping tab of assigned work with my subordinates and seniors, finishing the assigned job before deadlines.

Q8.) Why should we hire you?

Ans. If you hire me it will be a great platform to showcase my skills. Whatever goals I set, I ensure to complete them within stipulated time.

Q9.) What position do you prefer on a team working on a project?

Ans. It doesn’t matter till I learn something new in every project.

Q10.) What irritates you about your co-workers?

Ans. I believe in team work, even if I feel irritating, I try to avoid it unless it personally affects me.

Technical questions -

Q1.) What is Interest Rate?

Ans. Banks give a certain percentage of amount you deposited (called principal amount) this percentage is called interest rate. For example interest rate of 7% means Bank will pay you 7 INR per 100 INR per year. Central Bank (RBI) decides interest rates.

Q2.) What is the difference in Current account and Savings accounts?

Ans. Current Account — No minimum balance, No interest paid, used by business entities, overdraft facility

Savings account — Minimum balance needed, interest paid, used by individuals, no overdraft facility

Q3.) What is Mutual Fund?

Ans. A mutual fund is a pool of money from numerous investors who wish to save or make money just like you. Investing in a mutual fund can be a lot easier than buying and selling individual stocks and bonds on your own. Investors can sell their shares when they want.

Q4.) What is meant by I-Banking?

Ans. Internet banking is a system wherein customers can conduct their transactions through the Internet. This kind of banking is also known as e-banking or online banking

Q5.) What is overdraft?

Ans. Amount of check issued by you which is above the balance in your account is overdraft. Let’s take above example the overdraft amount is (2000 – 1000) = 1000 INR.

Q6.) What significant trends do you see in the future for our industry?

Ans. This is your chance to shine. You will be fully familiar with the economic situation as it relates to banking or how recent legislation affects it. The most significant trends is to maintain relationships with client, provide them best services at earliest, application of new technologies, reach out to remote areas, educating customer the benefits of banks.

Q7.) Who are our major competitors and what differences do you notice in our Bankings products?

Ans. The company will be expecting that you have done your research on the industry generally. You should be familiar with the bank’s products and services – literature on these can be picked up at any branch. Be aware of current trends in the market and try to find out what each bank is doing in these areas.

Q8.) What is Cheque?

Ans. Cheque is a traversable instrument containing uncertain order to pay sum of money to the individual declared on it or to the holder of the instrument.

Q9.) What is Inflation?

Ans. It is a state where money decreasing the value hence prices will go up.

Q10.) What is Reverse Repo rate?

Ans. The rate at which RBI pays interest to the banks is known to be reserve repo rate.