IBPS PO Exam 2013 Interviews Held in January 2014 Questions

IBPS PO Exam 2013 Interviews Held in January 2014 Questions

Name : Nikhil Bhardwaj

Qualification : B.Tech (ECE)

Venue : BOB, Jaipur

Date : 7/1/14

IBPS Score : 73

Panel : 2

Time : 1 PM

I reached there at 12:30 pm. Firstly i must tell u i faced the worst administration there, there was no one to receive us or to tell us what to do? all the candidates were in confusion, asking each other what to do yar?

finally we asked a peon and he told us everything.
then we waited for the doc verification.
first candidate name was called and it was me. i was the first candidate in that batch, i went for doc verification.
they are checking following things:
1. call letter with pic
2. photo id proof as attached with the admit card
3. printout of the form filled
4. date of birth proof
5. all semester marksheets
6. consolidated marksheet and degree
7. other certificates

* one important thing is that they are considering the gradration date as written on the final sem marksheet. I have completed my b.tech in 2013. the date writn on my final sem mrksheet is 1/7/13 and on consolidtd mrksht an pc it is 25/7/13. thank god they are considering the result date. so candidate who r confusd with graduation date must ensure that their final sem mrksht should be on or before 1.7.13 so i got my doc verified till 2.30 pm.

My turn came at bout 3 pm after lunch. i was a bit nervous coz iwas the first one to be interviewed. i entered the room asking permission.

there were 4 men, M1,M2,M3,M4
a circular arrangement, i have to sit in the middle of a circular table and there was a little space to enter in that circle. i said good morning to M1,M2 and M4 ( although it was afternoon then but i lost in nervousness. and M3 was busy on a call behind)

they said good morning, please have a seat.
me- thank you sir

M2- so nikhil what u have done in ur graduation>
me- sir, i have just completed my engineering.

M2- in which stream?
mw- in electronics & comm.

M2- so what have prepared for today?
me- sir, i met some bank managers and also read banking terms.

M2- so tell me what are development banks?
me- ....................confused,,,,,,,,,,,,, sir development bank r those which are there for the development of a particular sector. like
IDBI.

M2- idbi is not a development bank, give me example?
me- yes sir now idbi is not a development bank....but there is another bank which is there for the development of industries.................thinking a lot.........then i said yes sir NABARD is also a development for Agriculture sector.

M2- yes it is, tell me its work?
me- sir NABARD basically provide loans to primary land devp. banks and
state land devp. banks, which gives loans to farmers.

M2- that is called work of refinance.
me- yes sir it is.

M2- what is financial inclusion?
me- sir financial inclusion is to provide sound and affordable banking services to each and every indian citizen. specially to the weaker section and in the remote areas.

M2- is there any target group?
me- sir they are mainly focusing weaker section i mean BPL people, because of DBT

M2.....intrrupting me....no m asking the target means how many people or villages?
me- sorry sir that i dont know.

M2- ok tell me what are no frills accounts?
me- sir firstly i would like to tell u that RBI has issued guidelines to comm. banks to convert all no frills accounts in BSBDA..
M2 again what BSBDA...( i think he was not aware of that)
me- sir no frills accounts are now converted into BSBDA means basic saving bank deposit accounts. these are the accounts for small depositers and opened at zero balance. but limited services are
provided in these accounts.

M2- ok now tell me how ur engineering revelant in banking?
me- sir i think banking is nothing but technology these days. atm, mobile banking, internet banking, cbs and many other have made banking synonyms with technology. so i think that being a technocrat it will be really comfortable for me to work in such a technical environment. moreover i can solve some technical issues.

M2- for that we have technical staff, u can just plug in or plug out a system, u r not allowed to do anything else in that.
me- yes sir its true but i mean that i will have a strong hand over other non tech graduates.

M2- yes, now that u can say.
me- yes sir

M2- what is your father?
me- sir my father is an officer in Rajasthan education services.

M2 now pointed to M1
( M1 was a retired army personnel, he was observing me throughout and writing smthng)

M1- u tel me what is our normal body temperature?
( i dint have any idea bout that so made a guess)
me- sir, i think it is 27 degree c

M1- oh,,no its not, u r a science student, u must aware of that. dint u suffered from fever ever?
me- yes sir i did but i dint use thermometer anytime.

M1- thats ok. now he pointed to M3 to ask.
( right answer is 37 degree c or 98.6 degree f)

M3 asked all questions from banking like a rapid fire round, as i went prepared for banking, answered all

M3- firstly tell me why u want to join banking?
me- sir i always wanted to do a job which will assure me with future growth and also stability and respect in society. And i think that bank is the most caring organisation, it takes care of its employees
in all aspects. i mean if u r working really, giving ur best to ur bank then the bank will definately take care of u. so these are the things which attracted me towards banking services. But the think that most attracted me is the fast and fair selection process and the neat and clean job. i mean there is no political interference in the selection process and u will have to work freely without any political environment. thats y i m here today.
( all of them seemed satisfied)

M3- what is monitary policy? why it is declared?
me- sir by declaring monitary policy, rbi controls the market liquidity, it is declared 2 times a year and reviewed 4 times a year and the governer has the full authority to declare it anytime. it is declared basically to change diffrent rates and so as to control the liquidity.

M3- who is the present governer?
me- Mr. Raghu Ram Govind Rajan

M3- tel me how many type of deposit accounts r there in banks?
me- sir 4 type of accounts r there- saving, current, fixed deposit and
Recurring deposit

M3- what is the basic difference between saving and current account?
me- sir in saving account the transactions are limited, it is basically to encourage the habit of saving in people. and the current account is for businessmen and firms, in these accounts transactions are not limited.

M3- tell me when was the first nationalisation done? and why?
me- sir the first nationalisation was done in 1969 and it is of 14 banks.. it was done by Mrs. Indra Gandhi in the favour of public. the goverment realised that the people wnt to avail banking services so in there faith the nationalisation was done.

now m3 poined to M4

M4- from where u r?
me- sir i m from alwar, rajasthan.

M4- tell me who is MP from alwar?
me- sir Mr. Jitendra Singh.

M4- i think he is center minister also. do u know?
me- yes sir, he is center minister of state for youth affairs and sports and minister of state for defence also.

M4- ok Mr. nikhil u can leave now.

i said thanks to all and came out.

so thats it friends.

Tip to u all : Be generous and be confident. Its nothing but like a conversation. Just read banking, current happenings and prepare well about u. the panel is very friendly and cooperative. thanks 4 reading my experience and i m waiting for Ur comments.