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Top 10 Questions and Solutions for Bank Interviews and Viva - Indian Bank Job Solution 2023

Top 10 Questions and Solutions for Bank Interviews and Viva - Indian Bank Job Solution 2023. Bank exam question papers | Bank Jobs in INDIA | Bank job

Wednesday, January 25, 2023

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Top 10 Questions and Solutions for Bank Interviews and Viva - Indian Bank Job Solution 2023. Bank exam question papers | Bank Jobs in INDIA | Bank job question with solution


1. Why do you want to make a career in the banking sector?

The banking industry is lucrative and plays an important role in our economy. It offers challenging roles and opportunities to develop skills and knowledge.

The dynamic nature of the industry and its relevance in the economic scenario is why I want to pursue a career in the banking sector.



2. Can you elaborate on the types of bank accounts?

Various bank accounts meet different objectives to fulfill the need of the account holder. The 5 most commonly used bank accounts to save or invest money are:


Savings Account- It is a commonly used deposit account that allows the account holders to save and withdraw money while earning monetary interests.


Current Account- Meant for daily transactions, the current account is a type of deposit account that allows the users to make multiple transactions regularly and withdraw money as many times as required.


Fixed Deposits-Fixed deposits are used for long term savings. It entitles the investors to the interest earned on deposits, given the money is not withdrawn for a fixed period. The rate of interest for a fixed deposit is higher than the savings account and may vary from 4 %-7.5%.


Recurring Deposit Account- It is a personalized deposit account offered by banks to help people with regular incomes, save a fixed amount every month while earning interests.


Demat Account- Demat Account is used to buy and store shares in an electronic format. Investors living in India can use the regular Demat account and the NRIs can use the Repatriable Demat account.



3. Are you well-versed with the old tax regime and the new tax regime?

The union budget 2020-21 brought a major change for all individual taxpayers, with the announcement of the new tax regime.

The taxpayers can now choose between:

The old income tax regime with existing income tax deductions and exemptions.

The new income tax regime with lower tax rates and fewer exemptions.

So while you prepare for your bank interview, make sure that you know everything about the two tax regimes and what impact it may have on the taxpayers.

To prepare well, you can read New VS Old Tax Regime: Which One Should You Choose?



4. What do you understand by APR?

APR (Annual Percentage Rate) is the rate of interest charged for services like credit cards, bank loans, etc.

The interest is calculated annually and is the yearly expense incurred on funds over a loan term.

APR (Annual Percentage Rate) is of 2 types:

Fixed APR- The rate of interest is the same through-out the mortgage term.

Variable APR- Rate of interest changes based on factors like a prime rate.



5. Can you differentiate between FDI and FII?

FDI (Foreign Direct Investment) is the investment made by a company situated in one country in a foreign company, making them stakeholders.


FII (Foreign Institutional Investors) refers to the investment made by foreign companies in the stock market of a country.


6. How will you calculate the debt to income ratio?

To calculate the debt to income ratio, I would divide the total debt by the applicant's gross income.


What do you understand by a charge-off?

A charge off is a type of write-off. It is the amount that is considered a bad-debt when the borrower fails to pay the creditor.


Traditionally, a charge off is declared when no payment against the loan is made for six-months.


With the banking scenario changing constantly, what do you think are the needs of the banking sector?

Given the current economic situation, I think banks need to work towards the adequate distribution of savings to all sectors for growth.


We also need professional and modern management techniques to make the banking processes efficient.


Banks must also implement strategies to fulfill the credit needs of all sections of society and must restrict giving out loans to frequent defaulters that fail to pay the money back.


7. What do you understand by a charge-off?

A charge off is a type of write-off. It is the amount that is considered a bad-debt when the borrower fails to pay the creditor.

Traditionally, a charge off is declared when no payment against the loan is made for six-months.



8. With the banking scenario changing constantly, what do you think are the needs of the banking sector?

Given the current economic situation, I think banks need to work towards the adequate distribution of savings to all sectors for growth.

We also need professional and modern management techniques to make the banking processes efficient.

Banks must also implement strategies to fulfill the credit needs of all sections of society and must restrict giving out loans to frequent defaulters that fail to pay the money back.



9. What are the common ways to operate your bank accounts?

Bank accounts can be operated through:


 - Branches of Bank.

 - Mobile Banking.

 - ATM.

 - Internet Banking.





10. What do you understand by loan grading?

Loan grading is a classification system used by banks to grade loans based on borrower's credit payment history, repayment risks associated with the loan, etc.


It involves assigning a quality score from 1 to 6 to assess the nature and risks associated with the loan.





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