Bank/Financial interview tips: Today in this post we talk about interview questions and their Best Answers in Finance sector, We saw many students from village to city much crease to get banking job in these day in public sector as well as private sectors or other financial sector such as Insurance, Loan provide organizations.

Basically in The interviewer ask some personal and some professional, questions and check your interview skills. You may loss chance by bit mistake, so do full preparation before sit interview desk.

Interview preparation: - Generally interviewer ask questions related to financial question in banking sector but should have full information about your belonging city, district, State, About your father's sector, banking history,  First and last in banking sector.

Dress up: - Your dress and attitude is an important part for get good marks so wear professional suit that it clean and wrinkle free.

Note - before going banking interview you Should Learn current Bank rate, Repo Rate, Reverse rate, SLR etc. 

Click here for General Interview tips.

Before read following frequently asked interview questions for special banking sector you should read  General interview questions for batter understand.

Special Banking/Financial organizations interview questions and answers . 

01. Why do you want to join banking sector?
Answer - The Banking Sector is one of the fastest Growing sector in India. In this sector wide rang career opportunities for Graduates like me beside require maintaining excellent report with customers. I have well knowledge of MS Office that required in banking sector.

Tip - You should not say reputable, high growth or stable sector otherwise you may face cross questions.

02. What is a Bank?
Answer - Bank is an institution that's accepts money from its Customers for Lending and give back as loan.

03. What is a Cheque?
Answer - A cheque is a instrument instruction a bank to pay Specific amount form specific account to another specific account. 

Tip - What is different between Demand Draft and Cheque?

04. What do you know about KYC?
Answer - KYS Stands for "Know about your Customer" As per RBI guideline Banks required to take customer's information at new account opening or renewal. In the KYS customers need to maintained photograph, Id proof, and other documents.

05. What is Money Laundering?
Answer - A Process of obtained illegally money as legitimate by complex chain of sub process. In this process conceal main source of money or Financial transactions, typically by mean of transfers involving foreign banks or legitimate businesses.

06. What do you know about RBI?
Answer - Reserve Bank of India (RBI) is the central bank of India. It was situated on 01 April 1935 according to RBI Act 1934. Which controls the monetary policy of the Indian rupee?

07. What are the Functions or RBI?
Answer -
01. Banker of Banks and Government.
02. Controller of Credit.
03. Regulate the issuance and circulation f Bank Notes.
04. Lender of Last resort.
05. Custodian to foreign Reserve of the country.

08. What are Repo and Reverse Repo Rate?
Answer- Repo Rate is Rate which RBI lends Money to commercial banks and Reverse repo rate is the rate witch RBI borrows money from Banks.

09. What is CRR Rate?
Answer - Cash Reserve Ratio (CRR) is ratio witch keep banks to RBI of total costumer's deposit Money. (For example - If customer's total deposited Rs. 100 and CRR 5% than Bank need to keep Rs. 5 in RBI Fund.

10. What is Bank Rate?
Answer - Bank Rate is a Short term Interest rate witch RBI Loans to Commercial banks or financial institutes.

11. What is SLR Rate?
Answer - Statutory Liquidity Ratio (SLR) is Minimum Percentage of Deposited that bank maintain by gold, cash or securities. RBI had empowered to increase this Ratio up to 40%.

12. What are Basic points?
Answer - Basic points (BPS) are used to indicate changes in rates of interest one Basis point mean 0.01% Change. If Repo, reverse Repo rate changed 25 BPS means it change 0.25%.

13. What are Treasury Bills?
Answer - Treasury bills are short term money market instrument its is issued by Central government for 91 days, 182 days or 364 days. 

14. What is inflation?
Answer - Inflation means sustained increase in the general level of prices for goods and services.

15. What is SENSEX and NIFTY?
Answer - SENSEX is sensitive index of most traded 30 stocks in BSE and Nifty is most traded 50 stock of NSE (here BSE (Bombay stock Exchange) and NSE (National Stock Exchange)

16. What do you know about NABARD?
Answer - NABARD (National Bank of Agriculture and Rural Development) is a Agriculture and Rural Development bank in India. It's established on 12 July 1982 and its headquarters in Mumbai.

17. What is GDP?
Answer - Gross Domestic Production (GDP) is Measure all services and goods produced in a country in a fixed time period. (Usually one year).

18. What is GNP?
Answer - Gross National Product (GDP) is Measured as (GDP + Residents income from their investment)- Income made by foreigners from domestic market.

19. Why we faced sub-prime crisis?
Answer - we faced The Sub-Prime crisis when too much loans are given to customer on low credit rating.

20. What is jan dhab yojna?
Answer - Jan dhan yojna started by Prime Minister Narendra modi on 28 August, 2014 and following terms of this scheme.
01. Accounts open with zero balance and issued RuPay debit card. It’s cover Rs. 1 Lakh Accidental insurance.
02. Rs. 5000 overdraft from the bank after six months.
03. Mobile banking for poor by National Unified USSD platform (NUUP)