IBPS PO interviews are about to start and all of you must have already got the dates for the same. IBPS has released the call letters and it is going to be the last hurdle for all of you to get a coveted job as a bank PO in any nationalized bank. So, it is obviously not going to be a cakewalk as you have already experienced in mains. Here we are providing some GK questions which can be asked in the interview. So, go through them and practice telling the same standing in front of a mirror so that you can get a taste of the interview process.
IBPS PO Interview 2017: What are you going to be asked?
Let is discuss a few probable questions and answers in this article so that you get an idea regarding what you are going to face in the interview.
1. What are the pros and cons of a cashless economy?
Ans. Cashless economy simply refers to an economy where there will be very less transactions involving cash payment though the ultimate objective is to eliminate cash transactions in the economy. The pros of this are:
Whereas there are also cons of this move as follows:
2. What do you think of demonetization and its effect on the economy of the country?
Ans. Demonetization has been announced by the government at the night of November 8, 2016 implying that all the old Rs 500 and Rs 1000 notes would cease to be legal tenders from the midnight of that particular date. However, people were given time to deposit old currency notes in their bank accounts till December 30, 2016.
Regarding the effects of demonetization on the Indian economy, the whole picture is yet to emerge clearly but there are some objectives and possible effects on the economy:
3. What is the difference between Fiscal Policy and Monetary Policy of a country?
Ans. Fiscal policy of a country refers to the rules and regulations which are used by the government to influence the economy of a country by way of adjusting the revenue collection and the expenditure of the government in a financial year. It is generally controlled and monitored by the central government of a country.
On the other hand, monetary policy refers to the rules and regulations adopted by the central monetary authority of a country in order to control the monetary supply in the economy and often targets the inflation rate and interest rate prevailing rate in the economy. In India, the monetary policy is governed by the Reserve Bank of India.
4. What do you understand by Corporate Social Responsibility?
Ans. Corporate Social Responsibility is a term generally used in order to define the business approach adopted by various companies to deliver economic, social and environmental wellbeing for all its stakeholders. It is basically a self-regulated mechanism in order to ensure that the companies give something back to the society from which they earn their profits. It has been made mandatory in the Companies Act 2013 to earmark 2% of the net profit of a company to deliver towards the social causes or CSR as it is commonly known.
5. What do you know about the functions of the Central bank of India?
Ans. Reserve Bank of India is the central bank of our country and it is the central monetary authority in India. The various functions of RBI are as follows:
These are some of the basic and common questions that may be asked during your interview. You must be well prepared to answer the same since the interview board will test your knowledge in the basics of financial sector by throwing these kinds of questions at you. Be prepared and answer with confidence.
All the best!!