After the written exams, interview is another hurdle that you must clear to get entry pass in to the banking industry. The interview panel would judge you on your mettle, your ability to hold still under pressure. Remember you have already been judged for your knowledge on current affairs, so do not over stress yourself trying to grab on all that you find on the news paper. But still, Knowledge regarding the economic trends, share markets, important deals in financial sectors, government deals etc are important. If the panel wants they would want to judge your knowledge on these common topics. Read on to find out how to prepare for economics for bank exams and interview.
Though which questions you will be asked cannot be said for sure. We have tried to compile a list of the few of the sample questions that had been or have high probability of being asked.
- Banking terms : repo, reverse repo, SLR, CRR, Inflation, deflation, stagflation, LAF etc
- WPI (Whole sale price Index), Consumer Price Index (CPI), how Inflation can be understood from these.
- Public sector banks, private sector banks, Regional rural banks, foreign banks
- Difference between co-operative banks and RRBs
- Difference between pvt. Sector banks and foreign banks
- BCA (Banking Business Correspondent Agents): their work, contribution to financial inclusion,
- Padhan Mantri Jan Dhan Yojana: new directive towards financial inclusion
- Banking Ombudsman: when established, work, how much effective
- The menace of NPA: define, types of NPA
- SARFAESI Act, 1992. (SARFAESI=securitization and refinance of financial assets and enforcement of security interest)
- Inflation: its effect o Indian economy
- Current banking scenario
- Banking structure in India
- FDI in prominent banks
- SBI loan structure : krishi loan, housing loan, education loan, car loan etc
- Corruption and scams in banks; COBRA POST-sting operation in money laundering cases
- RBI- structure, control over Indian economy, current economic policies, functions of RBI
- BASEL Norms: Tier I, II, III capitals; By when BASEL III norms to be applied in banks across India? (Hint: 31st march 2019)
- Financial regulatory tools of RBI – LAF: repo, reverse Repo, bank rate, SLR, MSF etc
- Current rates: repo, rev. Repo, base rate, bank rate, SLR, CRR, MSF etc
- Diluting of Government shares in banks up to 52%: Reasons and Effect
- SBI Monetary Index
- Priority sector lendings
- NABARD: when established, policies and functions
- Problems faced by PSBs( Public Sector Banks)
- How to open a bank account
- KYC: what and why is it important? what are the documents required for KYC ?(refer to RBI website)
- Stock market: IPO, share condition of prominent companies [I was asked about Kingfisher shares!]
- Primary market and Secondary market
- Shares, equity and debentures
- What is e-banking and m-banking
- Bank Cheques : MCIR code, meaning of the number written below, Cheque truncation System
- Difference between NBFC and chit funds
- Forex reserve, current exchange rate, CAD (current account deficit)
- Difference between CAD and fiscal deficit
- Full form of GDP, NDP, GNP, NNP. What are these, define. Which one is the best to determine national income?
- Full form of CBS, NEFT, RTGS, SWIFT, ARC etc.
We have made a sincere effort in compiling the recent topics on economics for banking interview. Since majority of students appearing for the competitive exams are not from economics background, preparation of this subject becomes difficult. Hope this post will help you not only in your interview but also in written examinations.
Need help? Leave a comment...