BANK CLERK INTERVIEW QUESTIONS

Most Important Frequently Asked Bank Clerk Interview Questions

1. Question 1. What Are Various Investments Under Section 80(c) Of Income Tax Act?

   Answer :

   • Fixed deposit (5 years)
   • PPF
   • Equity mutual funds
   • ELSS
   • EPF and VPF
   • NSCs (National Saving Certificate)
   • ULIPs
   • NPS (Pension plans)
   • Life insurance

2. Question 2. What Is Monetary Policy?

   Answer :

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

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3. Question 3. What Is Gdp?

   Answer :

   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.

4. Question 4. What Is Gnp?

   Answer :

   GNP = GDP + Income of residents overseas income of foreigners within the borders of domestic economy.

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5. Question 5. What Is Swift?

   Answer :

   Financial messaging network which exchanges messages between banks and financial institutions.

Modern Banking Interview Questions

6. Question 6. What Is A Demat Account?

   Answer :

   Demat account is the process of converting the physical share certificates into equivalent number of electronic holdings.

7. Question 7. What Is Fiscal Deficit?

   Answer :

   Fiscal deficit is an excess of government expenditure over revenue.

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8. Question 8. What Is Fiscal Policy?

   Answer :

   Government revenue generation and spending policies that impact the macro economy.

9. Question 9. What Are Various Services Provided By A Commercial Bank?

   Answer :

   1. Lockers
   2. Safe custody of funds
   3. Advancing loans
   4. Fund transfers
   5. Periodic payments
   6. Underwriting of shares
   7. Dealing in foreign exchange
   8. Discounting of loans
   9. Overdraft

RMAN (Recovery Manager) Interview Questions

10. Question 10. What Is A Put Option?

    Answer :

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

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11. Question 11. What Is A Call Option?

    Answer :

    Call option is an option which gives right to the Option Holder to buy a certain stock at specified time and specified date.

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12. Question 12. What Are Derivatives?

    Answer :

    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.

Accounts and Finance for Managers Interview Questions

13. Question 13. What Is An Option In Derivative Market?

    Answer :

    An Option give right to Option Holder to buy or sell a commodity during a certain period of time or on a specific date.

14. Question 14. List Some Features Of Pff?

    Answer :

    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)

15. Question 15. What Is Irda And What Are It's Functions?

    Answer :

    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.

Banking Operations Interview Questions

16. Question 16. What Are Various Functions Of Rbi?

    Answer :

    1. Government's banker and performs banking functions for the central and the state governments. 
    2. Bankers of banks
    3. Maintain liquidity in the economy
    4. Regulator of country's financial system
    5. Regulates and facilitates foreign trade advisor to the Government of India
    6. Issue currency notes.

17. Question 17. What Was The Purpose Of Setting Up Nabard?

    Answer :

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

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18. Question 18. What Are Npas?

    Answer :

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

Modern Banking Interview Questions

19. Question 19. What Is Ppf?

    Answer :

    Public Provident Fund is a tax saving investment for individuals.

20. Question 20. What Personal Characteristics Should A Bank Clerk Possess?

    Answer :

    Besides being presentable in both appearance and demeanor, a bank clerk must be responsible, a quick and efficient worker, and committed to flawless performance. Clients are easily annoyed by mistakes when it comes to their bank accounts and money transactions.

Investment Banking Interview Questions

21. Question 21. What Is Cp?

    Answer :

    Commercial paper is a short term unsecured debt instrument.

22. Question 22. What Is Sensex And How It Is Calculated?

    Answer :

    Sensex is the index of top 30 stocks in Stock Exchange(SE). 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.

23. Question 23. What Are Open Market Operations?

    Answer :

    Buying and selling of government securities and bonds in open market by Government to maintain desired liquidity levels.

Deputy General Manager(DGM) Interview Questions

24. Question 24. What Is Bank Rate?

    Answer :

    Rate at which RBI lends money to commercial banks without any security.

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25. Question 25. What Is Slr?

    Answer :

    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.

26. Question 26. What Is Crr?

    Answer :

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

27. Question 27. Why Are You Not Working Anywhere From Past 6 Months ?

    Answer :

    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.

RMAN (Recovery Manager) Interview Questions

28. Question 28. Why You Want To Enter In Banking Industry?

    Answer :

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

29. Question 29. Are You A Reliable Person With Strong Work Ethics?

    Answer :

    Not a surprising question to ask a bank clerk. Reliability implies the ability to maintain confidentiality and never disclose any banking information to unauthorized persons outside work. Reliability and work ethics also imply the ability to perform customer operations honestly and with care.

30. Question 30. Are You Able To Work In A Computerized Environment And Spend Long Hours At The Computer?

    Answer :

    Banks are computerized. Clerks are required to operate basic computer applications, including the banking program that the bank is using. The job might involve some walking to consult other staff members or manipulate documentation. Otherwise, the job is sedentary and requires care and patience.

31. Question 31. What Would You Consider Important For A Bank Clerk, Being The First Point Of Contact With Customers?

    Answer :

    Bank clerks should be highly aware of their position as the first point of contact for most customers. Clerks are the face of the company, they are presentable and professional in demeanor. They answer all queries clearly and politely.

32. Question 32. Give Examples Of Bank Clerking Duties?

    Answer :

    Among the most common transactions are receiving deposits, cashing checks, and handling withdrawals. To perform such operations, clerks need to perform client identification and ensure validity of signature on documents and checks.

Topic: Bank Clerk Interview Questions