Why did you choose so-and-so bank in your preference list? While you may have your own reasons for choosing your preference list, visiting this page may help you with your answer. IBPS, visit an in-depth explanation on this page. Why do you want to join banking sector? Banking is one of the fastest growing sectors in India providing a wide range of career opportunities to graduates like me.
And, Banking requires maintaining excellent rapport with the customers. Being a people’s person, I can very well relate to this aspect of Banking. I am also well versed with computer knowledge that is now a MUST in Banking like MS Excel, MS Word, etc. You can get in trouble with cross questioning. Also, have some data ready as to why Banking is the fastest growing sector.
Only say stuff that you can back with data! A bank is a financial institution that accepts money from it’s customers for the purpose of lending. A Cheque is a negotiable instrument instructing a bank to pay a specific amount from a specific account. In other words, A cheque is a bill of exchange drawn on a specified banker and payable on demand. PS: Cross Questions: What’s a bearer cheque? Demand Draft is a negotiable instrument that is used for effecting transfer of money. Since it’s a banker’s check, it can’t be dishonored.
PS: Cross Question: What is the difference between Cheque and Demand Draft? PS: Cross Questions can be asked about money laundering. Money laundering means presenting an illegally obtained money as legitimate by creating a complex chain of sub processes. This convoluted chain makes it difficult to trace the source of the illegitimate money. What do you know about RBI? The Reserve Bank of India is the central bank of India. On the recommendation of Young Hilton Committee, it was established on 1st April,1935 in accordance with Reserve Bank of India Act, 1934.