Hi This is Subhendu Dutta from Kolkata.
- The interview was conducted in United Bank of India office in Kolkata.
- Arrived at scheduled time 8.30am and were seated by 9.10am
- Document verification started immediately. There were 3 panels. No division according to marks but by category. We were called for the interview immediately after verification, in groups of 3.
- The panel comprised of 4 gentlemen and 1 lady. Friendly and cordial atmosphere, no major stress or coercion by any panellist.
- I was first asked to describe my physical condition (since I am a PH candidate).
Banking Questions asked:
What is your opinion about priority sector? What is it?
Why is it necessary? Don't you think this in undermining the profits of the
banks? What alternative do you suggest?
What is a bank or
role of banks in the economy?
- The banks help in mobilizing savings through network of branch banking.
- The banks finance the industrial sector in a number of ways.
- The banks help the large agricultural sector in developing countries in a number of ways.
- The banks help the economic development of a country by faithfully following the monetary policy of the central bank. In fact, the central bank depends upon the banks for the success of its policy of monetary management in keeping with requirements of a developing economy.
What is GDP?
Gross Domestic Product or GDP defines the monetary value of
all the finished goods and services produced within a country's borders in a
year.
What is the impact of
inflation?
Inflation is a rise in the general level of prices of goods
and services in an economy over a period of time. It reflects an erosion in the
purchasing power of money. If inflation is rapid enough, shortages of goods as
consumers begin hoarding out of concern that prices will increase in the
future. Therefore, high inflation encourages companies to keep a high level of
inventories.
What are the current
inflation figures?
The inflation rate in India was recorded at 5 percent in
December of 2014.
What is difference
between CPI and WPI?
Wholesale price index is the basis for the economic
deflation rate while consumer price index is the basis for the inflation rate. Wholesale price index is the middle point of the sum of all
the goods bought by the sellers/traders whereas consumer price index is the
middle point of the sum of all the goods bought by consumers/homeowners.
What is PMI?
Purchasing Managers' Indices (PMI) are economic indicators
derived from monthly surveys of private sector companies.
What is SARFAESI act?
Why is its application in Banking space?
Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 or SARFAESI Act empowers banks and
financial institutions to recover non-performing assets without the
intervention of courts.
What is difference
between Balance of Trade and Balance of Payment?
Balance of Trade is defined as 'difference between export
and import of goods and services' and Balance of Payment is defined as the
'flow of cash between domestic country and all other foreign countries'.
What is credit
appraisal?
The assessment of the various risks that can impact on the
repayment of loan is credit appraisal.
Why is credit
appraisal necessary?
Credit Appraisal is a process to ascertain the risks
associated with the extension of the credit facility. It is generally carried
by the financial institutions, which are involved in providing financial
funding to its customers. Credit risk is a risk related to non-repayment of the
credit obtained by the customer of a bank. Thus it is necessary to appraise the
credibility of the customer in order to mitigate the credit risk. Proper
evaluation of the customer is performed this measures the financial condition and
the ability of the customer to repay back the Loan in future.
NOTE: The above answers are collected from various Economic Portals for the help of the students.
Non Banking/Personal
Questions
- What do you think your role will be in the bank if selected?
- Why did you not go for a job in the manufacturing sector having an Engineering degree?
- You are an engineer, How will your knowledge and experience be useful to us?
- How can you improve the banking system?
- Last Question was Do I go to Gym on a regular basis?
That's all guys and Thanks Subhendu for sharing your Interview experience in IBPS PO 2014.
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Team ExamPundit