The interview for recruiting Specialist Officers through IBPS will be conducted this month. Candidates shortlisted for the final interview round are expected to be well-prepared for an aggressive and challenging face-off. IBPS SO Interview Questions doesn’t necessarily have to follow a pattern but there a few topics which might be recurring. Some of the most common topics asked in IBPS Specialist Officer Interviews are as follows.
- Specific knowledge on Specialist Officer Trades (IT/ Agriculture/ Marketing/ Law/ HR)
- The History of Banking in India
- The current happenings in the world of Banking
- Taglines and Key Position Holders in Nationalized Banks
- Why opt for a career in Banking?
- Banking Terminologies
Let us tackle each topic and understand what can be the best way to answer interview questions in this way.
IBPS SO Interview Questions | Preparation Tips
While calculating the final merit list, the weightage of marks scored in IBPS SO Interview will be 20%. It is a large number and it can really be the deciding factor of you getting selected or rejected. Hence, pay attention to each IBPS SO Interview Question and understand what will be best way possible to answer.
Question: Specific knowledge on Specialist Officer Trades
A variety of questions can be asked regarding your knowledge on IBPS SO Trades. Hence, you need to have a good understanding regarding the professional trades in IBPS Specialist Officer cadre.
- An IT Specialist Officer will be handling Hardware and Software Issues as well as Server Requests. The responsibility of upholding network security also falls in his/ her hands.
- An Agriculture Specialist Officer will be the person who has knowledge on farming, soil types, cattle and fisheries.
- A Marketing Officer needs to well informed on the current marketing strategy employed by the bank and how it can be improved for better results.
- An HR Specialist Officer needs to take care of issues related to employee relations, appraisals and office behaviour.
- A Law Specialist Officer needs to look into legal matters related to the bank.
You need to atleast have a rudimentary idea regarding all Specialist Officer trades. Apart from that, you should be well versed in the field you applied for. The interview panel will include atleast one person from your knowledge trade to test your knowledge.
Question: The History of Banking in India
The extent of this topic is quite vast. It cannot be expected that you should have the entire history mapped out in your head. But make sure you cover these topics in detail in preparation for IBPS SO Interview Questions.
- The year of establishment of major nationalized banks.
- Changes in major Banking Processes.
If you properly cover these 2 topics, you can perform well in IBPS SO Interview Questions asked in the actual final round of Specialist Officer Recruitment 2015-16.
Question: The Current Happenings in the World of Banking
Are you a compulsive news reader? Do you pay attention to the latest developments in the world of Banking? If your answer is NO, it is high time to start working on it.
You need a reference book where you can find all the current affairs questions dating back 3 months atleast. For regular practice, make sure you read Economic Times and Business Insider on a regular basis.
Question: Taglines and Key Position Holders in Nationalized Banks
There can be a question or two regarding a specific tagline or key position holder in a nationalised bank. The Key Position Holder will be CEO or MD which can be easily searched online. For learning major taglines, just have a look at the list of banks (popular ones) and their corresponding taglines.
- State Bank of India :- The Nation banks on us; Pure Banking Nothing Else; With you all the way
- Bank of Baroda Slogan :– India’s international bank.
- United Bank of India :- The Bank that begins with U.
- Punjab National Bank :- A Name you can Bank Upon
- Allahabad Bank tagline :- A tradition of trust.
- Yes Bank :- Experience our expertise.
- Citi Bank :- Let’s get it done.
- Standard Chartered Bank :- Your Right Partner.
- Andhra Bank :- Where India Bank
- IDBI Bank :- Banking for All; Aao Sochein Bada.
- Bank of India :- Relationships beyond banking.
- Bank of Rajasthan :- Together we Prosper
- Canara Bank :- Together We Can ; It’s easy to change for those who you love
- Central Bank of India :- Build A Better Life Around Us; Central to you since 1911.
- Axis Bank :- Badhti ka nam zindagi.
- Corporation Bank :- Prosperity for All.
- Dena Bank :- Trusted Family Bank.
- Andhra Bank :- Much more to do; With You in focus.
- Allahabad Bank :- A tradition of trust
- Bank of Maharashtra :– One family one bank.
- Indian Bank :– Your tech friendly bank.
- Indian Bank :- Taking Banking Technology to Common Man; Your Tech-friendly bank.
- Indian Overseas Bank :– Good people to grow with.
- ICICI Bank :- Khayaal Apka; Hum hai na.
- Federal Bank :- Your Perfect Banking Partner
- Oriental Bank of Commerce (OBC) :– Where every individual is committed.
- Syndicate Bank :- Your faithful & friendly financial partner
- UCO Bank :- Honours Your Trust.
- Bhartiya Mahila Bank :- Empowering Women.
- BNP Paribas :- The bank for a changing world.
- Barclays :-Fluent in finance.
- South Indian :- Experience Next Generation Banking
- Union Bank of India :- Good People to Bank with.
- Deutsche Bank :- A passion to perform
- Vijaya Bank :- A Friend You can Bank Upon.
- J & K Bank :- Serving to Empower.
- Karur Vysya Bank :- Smart way to Bank.
- Punjab and Sindh Bank :- Where series is a way of life
- Scotia Bank :- You’re richer than you think.
- Syndicate Bank :- Your Faithful And Friendly Financial Partner
- Lakshmi Vilas Bank :- The Changing Face of Prosperity.
- IndusInd Bank :- We Care… Dil Se; We Make You Feel Richer.
- State Bank of Mysore :- Working for a better tomorrow.
- State Bank of Patiala :- Blending Modernity with Tradition.
- State Bank of Travancore :- A Long Tradition of Trust.
- State Bank of Hyderabad :- You can always bank on us.
These will cover the entire section dedicated on Banking Slogans.
Question: Why Opt for a Career in Banking?
Specific Question will be asked regarding IBPS Specialist Officer. You need to convince the panel on why do you wish do become a Bank SO and what attracts you towards building a career in the Banking Industry.
Here is how you answer this question.
- Explain your educational background and correlation to the opted field.
- Enlist the duties and responsibilities of a Bank SO.
- Try to link these responsibilities with things you enjoy the most.
- Explain the benefits of working in the Banking Industry – things like stable job, less number of transfers, good pay and perks etc.
And most importantly, let them know you are passionate about your opted job profile.
Question: Banking Terminologies
You need to have a basic idea on the most common set of banking terms and terminologies. Just have a look at these.
- Bank Rate: It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends.
- Cheque: It is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn form the account.
- Core Banking Solutions (CBS): In this all the branches of the bank are connected together and the customer can access his/her funds or transactions from any other branch.
- CRR (Cash Reverse Ratio): The amount of funds that a bank keep with the RBI. If the percentage of CRR increases then the amount with the bank comes down.
- Debit Card: It is a card issued by the bank so the customers can withdraw their money from their account electronically.
- Demat Account: The way in which a bank keeps money in a deposit account in the same way the Depository company converts share certificates into electronic form and keep them in a Demat account.
- E-Banking: It is a type of banking in which we can conduct financial transactions electronically. RTGS, Credit cards, Debit cards etc come under this category.
- EFT – (Electronic Fund Transfer): In this we use Automatic teller machine, wire transfer and computers to move funds between different accounts in different or same bank.
- Fiscal Deficit: It is the amount of Funds borrowed by the government to meet the expenditures.
- Initial Public Offering (IPO): It is the time when a company makes the first offering of the shares to the pubic.
- Leverage Ratio: It is a financial ratio which gives us an idea or a measure of a company’s ability to meet its financial losses.
- Liquidity: It is the ability of converting an investment quickly into cash with no loss in value.
- Market Capitalization: The product of the share price and number of the company’s outstanding ordinary shares.
- Mortgage: It is a kind of security which one offers for taking an advance or loan from someone.
- Mutual Fund: These are investment schemes. It pools money from various investors in order to purchase securities.
- Pass Book: It is a book where all the bank transactions are recorded.They are mainly issued to Current or Savings Bank account holders.
- Repo Rate: Commercial banks borrow funds by the RBI if there is any shortage in the form of rupees. If this rate increases it becomes expensive to borrow money from RBI and vice versa.
- Savings Bank Account: It is account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal.
- SLR (Statutory Liquidity Ratio): It is amount that a commercial bank should have before giving credits to its customers which should be either in the form of gold,money or bonds.
- Teller: He/she is a staff member of the bank who cashes cheques, accepts deposits and perform different banking services for the general mass.
- Universal Banking: When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as universal banking.
- Virtual Banking: Internet banking is sometimes known as virtual banking. It is called so because it has no bricks and boundaries. It is controlled by the world wide web.
- Wholesale Banking: It is similar to retail banking with a slight difference that it mainly focuses on the financial needs of the institutional clients and the industry.
- Zero Coupon Bond: It is a bond that is sold at good discount as it has no coupon.
Some of the basic IBPS SO Interview Tips are as follows.
IBPS Specialist Officer Interview Preparation Tips
These 3 rules will take you a long way. Just try and inculcate them in your IBPS SO Interview and we guarantee you will perform better than you expect.
1. Be Confident
It will be the key ingredient towards cracking the interview round of IBPS SO Specialist Officer Recruitment 2015-16
2. Be Simple, Be Fluent
Speaking with an accent shouldn’t be your go to strategy in case of IBPS SO Interview Questions. Use simple words and try not to stutter while speaking.
3. Be Precise
You only have a limited time in your interview to make it through. Do not start swindling stories about yourself. Rather focus on the interview questions and try to nail them at once.
We hope this will help you crack IBPS SO Interview Questions. All the Best for your upcoming interview round.
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