IBPS Clerk Interview Questions 2021

About the IBPS examination

IBPS examination is one of the most important annual examinations related to recruitment for the banking sector. The IBPS Clerk’s is one amongst the various posts that gets recruited through this examination process, the final stage of which is the interview stage. 

IBPS Interview Questions: An Overview

The final and the most crucial stage of the IBPS Clerk’s examination is the interview round. This is conducted to test and identify the personality of the candidate and see if he or she is suitable for the post that is being offered. Performing well in the round will impact the final results in a very positive manner.

Categories of Questions that can be expected in the interview round

There are five main types of questions that can be asked in the interview round, namely – 

1. Personal questions about oneself, family, home town, response to adverse situations presented etc.
2. Educational background related questions which would include questions about the courses taken, main learnings from a particular subject or internship, further study plans etc.
3. Questions pertaining career objectives and goals such as previous work experience, future plans, why choose the banking sector etc.
4. Job related questions such as various concepts in the banking sector that one must be familiar with, various forms of investment, about financial regulators and bodies etc.

Sample questions and answers for the interview round

1. What does CBS stand for and explain its meaning?

CBS refers to Core Banking Solutions. It can be defined as all banking services provided by a group of networked branches for customers to access their bank accounts and perform basic transactions from any of the branch offices. This connection is present in the online mode.

2. What is a Balance Sheet?

A balance sheet is a financial statement that summarizes a company’s assets, liabilities and shareholders’ equity at a specific point in time. The balance sheet works on the formula of Assets = Liabilities + Shareholder’s Equity

3. What is Inflation?

Inflation is commonly defined as “too much money chasing too few goods”. Inflation is when the general price levels of all goods and services in the economy is rising while the purchasing power of individuals is falling.

4. What are BASEL III norms?

BASEL III norms are guidelines to promote a more resilient banking system that focuses on four vital banking parameters namely, capital, leverage, funding and liquidity. It has highlighted the requirements for Tier I capital of the banks, the Liquidity Coverage Ratio (LCR) to be maintained, the leverage ratio of the banks etc.

5. What is unique about your hometown?

Mention historical importance, latest progressive happenings etc.

6. Who is your role model?

Mention details about the person, the qualities you admire or wish to emulate, and connect all of it to your personal goals, career and life.

7. Give us instances where you demonstrated leadership skills.

It is best to illustrate this with a real life example narrated in the form of a series of events.