Frequently Asked Question in IBPS RRB Interview

Questions
1: How you can promote bank loans against loan from money lenders among villagers?
Answer: Sir for promoting bank loans against among villagers I will tend to take help of the sarpanch of the village to spread among the villagers what are the benefits of taking loan from the bank. Moreover I will ask the regular customers of my rural branch to spread among their friends and family advantages of bank loan.

2: What is the difference between a public sector bank and RRB.
Answer: Sir RRB’s are the subsidiary of a sponsored bank which were to increase banking services in rural areas. The controlling authority of RRB’s are from the sponsored bank. RRB’s are entitled to work as normal banks, they can advance, take deposits, but most of their branches are in rural areas.


3: How do you see yourself flourish in Banking Sector after 5 Years?
Answer: Sir the opportunities in banking sector looks quite nice. In the next 5 years I believe banking to be transformed in to a complete digital machine with minimum customer interaction. In next 5 years I see myself in the post of a manager, matured enough to advances, able to handle difficult situations nicely.

4: What is financial Inclusion?
Financial Inclusion :: Financial Inclusion simply means banking the un-banked. It can be referred to as bringing the daily wage earners, landless labours, people living in slum areas etc. to the banking channel. Financial inclusion gives them an opportunity to save for themselves and in turn help the government to directly credit subsidy to their accounts. From time to time there have been many financial inclusion schemes that have come up, the latest of which was Pradhan Mantri Jan Dhan Yojana, which proved to be very successful.

5: Tell me something about PMJJBY
Answer: Pradhan Mantri Jeevan jyoti Bima Yojana launched as a social security scheme. In this any individual having a SB account with a bank can avail the benefit. In this life insurance is done with claim amount of Rs2Lacs for which the aspirant has to pay an annual fee of Rs330/-. To become eligible for this scheme you need to be below 50 years of age. If you have taken the policy at age of 50, you can continue it upto 55 years. Government has signed with LIC as the prime insurer of the scheme.