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August 1st, 2016, 02:40 PM
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Join Date: Mar 2013
Re: Indian Overseas Bank Clerk Interview Questions Answers

Indian Overseas Bank was founded in the year 1937. is a major public sector bank based in Chennai, with about 3700 domestic branches

As you asking for the questions that are asked in the Interview of Clercial post in the Indian Overseas bank Here I am giving you some Sample questions that are asked in the Interview are as follow



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%.


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.

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


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


Minimum lock-in period for Tax saving Fixed Deposit
5 years


What are NPAs
NPA stands for Non-Performing Assets.


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.


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