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Gurkiran Singh (Subject Matter Expert & CWA (Inter))     24 June 2011

Interview Questions


Bank of india clerk interview questions - www.bankofindia.com : Bank of india is a premiar public sector bank in india. bank of india has creating oppertunities for unemployed,as a probationary officers , clerks,specialist officers,advisors, consultants, security officers, law officers,generalist cadre officers,in continuation with that bank issues every year recruitment notifications mainly to recruit POs and clerks with large no of vacancies. Here is given Bank of india clerk interview questions to the bank job aspirants for giving idea on interview questions. It may helpful who prepares for Pos, clerks and other officer cadre jobs.

Bank of india clerk interview questions :

1)Where was the Head Quarters of Bank of india located ?
A)Bandra (East),Mumbai.

2)Who is the Chairman of Bank of india ?
A) Shri. Alok Kumar Misra

3) When did the bank came into existence ?
A) 7th September, 1906

4) What was the Bank of india initial name?

5) When was nationalised Bank of india?
A) July 1969

6) Bank of india Line ?
A) “Banking services with an attitude of care and concern for the customers and patrons”

7) could you tell about Network of Bank of india?
A) The Bank has 3101 branches in India spread over all states/ union territories including 141 specialised branches. These branches are controlled through 48 Zonal Offices . There are 29 branches/ offices (including three representative offices) abroad.

8)Why do you choose clerk job as your career ?
A)You just say, “Job Security and Job in Bank of India is a privilege and it is a service to nation”

9)What do you think of the responsibilities / duties of a clerk job in the banking sector ?

10)How do you prove yourself as a successful employee ?

11)Tell us about yourself ?
A)Introduce yourself , your education, your current job,etc in a short and sweet manner.

12)Tell us about your schooling background ?

13)Tell us about your academic career ?

14)What are your hobbies ?

15)What are the primary functions of a commercial bank ?
A)The primary functions of a commercial bank include:
a) accepting deposits; and
b) granting loans and advances

16)What are the salient features of Indian Banking Sector ?

17)Can you explain the reforms that taken place in the Indian banking industry ?
A) The Narasimham Committee laid the foundation for the reformation of the Indian banking sector.Constituted in 1991, the Committee submitted two reports, in 1992 and 1998, which laid significant thrust on enhancing the efficiency and viability of the banking sector.

18)What are the functions of Reserve Bank of India ?
A)Mainly the functions of RBI are classified as follows:
Bank of Issue
Banker to Government
Bankers’ Bank and Lender of the Last Resort
Controller of Credit
Custodian of Foreign Reserves
Supervisory functions
Promotional functions

19)Tell some of the Qualitative methods used by RBI for credit control in the country ?

20)Tell some of the Quantitative methods used by RBI for credit control in the country ?

21)What is Bank rate ?
A) A Bank rate is the interest rate that is charged by a country’s central or federal bank on loans and advances to control money supply in the economy and the banking sector. This is typically done on a quarterly basis to control inflation and stabilize the country’s exchange rates. A fluctuation in bank rates triggers a ripple-effect as it impacts every sphere of a country’s economy. For instance, the prices in stock markets tend to react to interest rate changes. A change in bank rates affects customers as it influences prime interest rates for personal loans.

22)What is Cash Reserve Ratio – CRR?
A)The Cash Reserve Ratio (CRR) refers to the liquid cash that banks have to maintain with the Reserve Bank of India (RBI) as a certain percentage of their demand and time liabilities. For example if the CRR is 10% then a bank with net demand and time deposits of Rs. 1,00,000 will have to deposit Rs. 10,000 with the RBI as liquid cash.

23)What is Statutory Liquidity Ratio – SLR ?
A)Statutory Liquidity Ratio refers to the amount that the commercial banks require to maintain in the form of cash, or gold or govt. approved securities before providing credit to the customers. Statutory Liquidity Ratio is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.

24)What is Repo rate ?
A)Whenever the banks have any shortage of funds they can borrow it from the central bank. Repo rate is the rate at which our banks borrow currency from the central bank. A reduction in the repo rate will help banks to get Money at a cheaper rate. When the repo rate increases borrowing from the central bank becomes more expensive.The Reverse repo rate is the rate at which the central bank borrows from the banks, while the Repo rate is the rate at which the banks borrow from the central bank.

25)Can you explain the terms National bank, Scheduled bank, Commercial bank, Cooperative bank, Private bank, Foreign bank ?

National Bank: an ordinary private bank which operates nationally (as opposed to regionally or locally or even internationally)

Scheduled Bank: The scheduled commercial banks in Indiacomprise of State Bank of India and its associates (7), nationalised banks (19), foreign banks (45), private sector banks (32), co-operative banks and regional rural banks 

Cooperative bank is retail and commercial banking organized on a Cooperative basis. Cooperative banking institions take deposits and lend money in most parts of the world.

Private bank are banks that are not incorporated. A private bank is owned by either an individual or a general partner(s) with limited partner(s). In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets

Foreign bank

26)What Is Inflation?
A)Inflation is increase in price of products & decrease in value of money.

27) Difference between Repo rate and Bank rate?
A)The Main difference between Repo rate and Bank rate is that Repo rate is the discounting offered by the RBI on the monetary bill hold by the Banks

28))Important Terms?
SLR – Statutory liquidity ratio
CRR - Cash reserve ratio
Repo rate - It is the rate at which RBI lends money to Banks.
Reverse Repo Rate – It is the rate at which Banks park their funds with RBI
Bank Rate – It is the rate at which RBI lends money to Banks.
Call money rate - It is the rate of interest charged by the banks for temporary borrows among banks Ledger
Tender Money – Currency issued by RBI Optional Money – Cheques, DDs, Bankers Cheques
Plastic Money – Credit card, Debit card Credit card is ready made overdraft in e-form for buying goods and services by the card holder within specified limits and according to terms and conditions of the issuer Bank without having any account. Debit card is e-Cheque which can be used within the limits of the credit in the account associated with it for financial transactions.
Core Banking – Networking of Banks for providing any where any time Banking is called Core Banking.
Merchant Bank provides capital to firms in the form of shares rather than money.
Investment Banks tend to provide investment to firms.
Corporate Banking looks after the needs of big firms, companies, business entities.
Business Banking looks after needs of medium level business firms, entities, individuals.
Retail banking focuses to provide services to individuals.
Private banking focuses to provide services to high net worth individuals.
Lead Banking focuses on providing all type of financial services.
Narrow Banking focuses on a particular sector like Mortgage, Auto Finance etc.

29)What is a bank?
A) A bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money.






 13 Replies


rahul (Chartered Accountant and CS Prof.)     24 June 2011



Thanks for sharing.....

1 Like
kamal kishor sen

kamal kishor sen (STUDENT Rajasthan)     24 June 2011

thanks for valuable information keep sharing ,

What was the Bank of india initial name?



thanks for valuable sharing                 

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)     24 June 2011

Originally posted by : future ca

thanks for valuable sharing                 

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat)     24 June 2011

Very Nice. 

1 Like

M. N. JHA (CA)     24 June 2011

Thanks a lot for sharing with us

Ritesh Indian Son[CMA*CS*CA]

Ritesh Indian Son[CMA*CS*CA] (" Simple Living High Thinking ")     25 June 2011

Good work ..:)

Gurkiran Singh

Gurkiran Singh (Subject Matter Expert & CWA (Inter))     25 June 2011

BOI name was BOI since its inception, it was founded by aperson named Ramakishen Dutt set up the first Bank of India in Calcutta in1828

Mukesh Kumar Singh

Mukesh Kumar Singh (CA-FINAL)     26 June 2011

Thanks for sharing.....


manisha (article)     26 June 2011

thanks for sharing

Keep sharing , Good job

CA Rajat Jain

CA Rajat Jain (CA)     26 June 2011

thanx for sharing this


blue (other)     30 March 2012

Thanks for posting. It's wonderful. I want share some my interview question. I hope it's useful.

Get your ideas first! You can see suggestions at source: Accounting clerk interview questions



tua022012 (Techniques)     25 June 2012

I agree with you. Your points of view make me thinking about some thing for my project.

I also find more materials that may be useful for you: Financial officer interview questions

Pls try to keep posting. Tks and best regards


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