Central Bank of India invites online application for the post of Probationary officers (PO) / MT ,Clerk and for other vacancies. Interested Applicants who obtained valid IBPS Valid Score can apply online

Eligibility Criteria for Central Bank of India Clerk Recruitment :-
Applicant must have a Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.


Age Limit :
Must posses Minimum 20 years and Maximum 28 years. Relaxation in age is provided for all the reserved candidates.

SC/ST : 05 Years
OBC : 03 Years
Ex-Servicemen : 05 years
PWD : 10 Years

Selection Process :
Selection of the candidates is based on Valid IBPS Clerk Score Card and interview

Top Common questions about yourself during clerk Interview
Introducing Yourself in an Interview
Why Should We Hire You?
Strengths & Weaknesses Examples
Tell Me about Yourself
Why do you want to work here?
Reasons for Leaving a Job
Describe Yourself
Where do you see yourself in 5 years time
Your Salary Expectations
Why Were You Fired?
Thank You Letter After Interview
How To Negotiate Salary

Some more Questions with Answers related to banking field

Why you want to enter in Banking industry

Because this industry is growing steadily and there would be no limit to my career growth. Further I need stability in my career.

Why are you not working anywhere from past 6 months ?

As competition in banking exams in fierce, I was preparing for bank exams and a job could distract me from my mission. I concentrated on bank exams preparations only.
Can you shift to another city ?

Yes, this job means a lot to me. I can move anywhere.
Why you left your previous job ?

I can see a better and properous career in banking industry.
Why don't you join your father's business ?

He is not making much money so he ordered me to do a job.

Must read - 50 Most Popular bank interview questions
What is CRR

Cash Reserve Ratio is percentage of customer's deposits with commercial banks that they need to deposit with RBI. Right now it's 4%.

==>> Must read - Tools in hands of RBI
What is SLR

Statutary Liquidity Ratio is the percentage of liabilities and time deposits that commercial banks need to keep with them in form of Cash, Gold or Government approved securities. Right now SLR is 22%
What is Bank rate

Rate at which RBI lends money to commercial banks without any security.
What are open market operations

Buying and selling of government securities and bonds in open market by Government to maintain desired liquidity levels.
What is Sensex and how it is calculated

Sensex is the index of top 30 stocks in Bomaby Stock Exchange(BSE)

Value of Sensex is calculated using "Free Float Market Capitalization" method.

Free float ratio is number of outstanding shares available for general public to trade.

Formula to calculate Sensex :-



What is CP ?

Commercial paper is a short term unsecured debt instrument.
What are various services provided by a commercial bank ?

Lockers
Safe custody of funds
Advancing loans
Fund transfers
Periodic payments
Underwriting of shares
Dealing in foreign exchange
Discounting of loans
Overdraft
Must read - Functions of Banks
What is PPF

Public Provident Fund is a tax saving investment for individuals.

Features :-
Number of deposits per year - 1 to 12
Minimum deposit - Rs 500
Interest received is tax free
Investment is exempted under section 80(c)
What are various investments under section 80(C) of Income Tax act

Fixed deposit (5 years)
PPF
Equity mutual funds
ELSS
EPF and VPF
NSCs (National Saving Certificate)
ULIPs
NPS (Pension plans)
Life insurance
==>> List of 80C investments
Minimum lock-in period for Tax saving Fixed Deposit

5 years


What are NPAs

NPA stands for Non-Performing Assets.

Bank gives loans and advances to it's customers. These loans and advances are bank's assets. When the customers don't repay back the bank's money they don't perform. Such assets are known as Non-Permoerming Assets.

==>> Read more about NPA's here
What was the purpose of setting up NABARD

NABARD is the apex institution for the development of farm sector , cottage industries and small scale industries in rural areas.
What are various functions of RBI

Government’s banker and performs banking functions for the central and the state governments.
Bankers of banks
Maintain liquidity in the economy
Regulator of country's financial system
Regulates and facilitates foreign trade advisor to the Government of India
Issue currency notes
Must read - RBI Bits
What is IRDA and what are it's functions

Insurance Regulatory And Development Authority (IRDA) is the sole authority to regulate the insurance industry in India , to ensure the growth of insurance industry and protect the interest of policy holders.

Must read - Financial sector regulators
What are Derivatives ?

In Derivative market the value of the instruments bought and sold is based on value of the underlying asset. The value of the instrument is ‘derived’ from the value of the underlying asset and hence it is known as Derivatives.
What is an Option in derivative market ?

An Option give right to Option Holder to buy or sell a commodity during a certain period of time or on a specific date.
What is Call option and Put option ?

Call option - An option which gives right to the Option Holder to buy a certain stock at specified time and specified date

Put option - An option which gives right to the Option Holder to sell a certain stock at specified time and specified date

What is GDP ?

Gross Domestic Product is the sum of all the goods and services produced within physical borders of a country in within a specific period of time.

==>> GDP and GNP explained
What is GNP ?

GNP = GDP + Income of residents overseas -Income of Foreigners within the borders of domestic economy
What is Monetary Policy

Policy by which a central authority attempts to control liquidity and interest aimed high growh rate and price stability.

==>> Monetary policy notes
What is Fiscal policy

Government revenue generation and spending policies that impact the macro economy.
What is Fiscal deficit

Excess of government expenditure over revenue
What is DeMat account

It is the process of converting the physical share certificates into equivalent number of electronic holdings
What is RuPay card

RuPay is India’s own card payment system launched by National Payments Corporation of India (NPCI)
Bull and Bear market

When investors expect prices to rise, it's known as Bull market.

When investors expect prices to fall, it's known as Bear market.
What is SWIFT

Financial messaging network which exchanges messages between banks and financial institutions
What is Service Tax

Tax levied on providing services in India, Rate is 12% + 0.36% for Education Cess.

==>> Detailed article on Service tax
What is Mutual Fund ? What is safest type of fund ?

Mutual Fund is a pool of fund where investors invests their money for a common objective.

Benefits of Mutual funds
Exempted under section 80(C)
Managed by experts

Index funds are safest because money is invested in all index stocks. The rise or fall of value align with index.

Must read - Mutual funds explained
What is GST

Goods and Services Tax, desision on this tax is pending. GST is going to replace all indirect taxes..