Have you applied for a banking job in Pakistan and you receive a call for an Interview then you should have full knowledge about the Bank Jobs Interview Questions And Answers In Pakistan as we have described briefly here on this page. Not only in the banking sector of Pakistan but in all other sector Interview is a compulsory part of hiring. As in Interview, the interviewer judges the candidates according to the job announced and other facts. So that is why it is really compulsory then whenever you are going for an Interview then you must be prepared for that Interview. In preparation for the Interview, the first thing is your appearance as the first impression is the last impression. You should be well dressed for an interview and then the second thing is about your knowledge and experience. Here we are going to explain the Banking Sector Jobs Interview so that is why other than the Bank Jobs Interview Questions And Answers In Pakistan you must have read an overview of the bank before going to an Interview in that bank.
Bank Jobs Interview Questions And Answers In Pakistan
Tell us Something about yourself.
if you are going for an Interview then this will be the first and basic question that is asked of each candidate coming for an Interview. To answer this question you have to tell the interviewer about your name, the place you are from, and the organization you are currently working with. You can also add your educational degree to your answer too. Your answer should be precise because the second question could be from the first question answer e.g. if your father is from some other occupation other than Banking then they could ask you why are you not choosing your father’s profession why banker? Be prepared for these kinds of questions too.
Major and Important Questions:
| Q.N. 1 | Where have you come from and what is famous in your city? |
| Q.N. 2 | Why do you want to be a part of the Banking Industry? |
| Q.N. 3 | What are your Strength and Weaknesses? |
| Q.N. 4 | Why did you want to choose the banking Sector as you have done BSc, B. Tech, MBA, and MA rather than going with the field of your education? |
| Q.N. 5 | What are the basic documents required for a person to open an account in a bank? |
| Q.N. 6 | Who is the governor of the State Bank of Pakistan SBP? |
| Q.N. 7 | What do you mean by the GDP of a Country? |
| Q.N. 8 | Do you know the difference between Nationalized and Private Banks in Pakistan? |
| Q.N. 9 | Do banks have various risks? |
| Q.N. 10 | Difference Between a Demand Draft and Cheque? |
| Q.N. 11 | If we divide Banks’ Capital Into Parts and what are they? |
| Q.N. 12 | You must have heard that banking turning its branches into CBS. So what is CBS? |
| Q.N. 13 | What do you know about Para Banking? |
| Q.N. 14 | What is the main difference between Micro Finance and Micro Credit? |
| Q.N. 15 | If we want to promote the Financial Inclusion of our bank then what are the Steps? |
| Q.N. 16 | What do you know about Cash Reserve Ratio (CRR)? |
| Q.N. 17 | What is Inflation and Deflation? |
- Where have you come from and what is famous in your city?
To answer this question you have to tell that actually where are you from like a city or state and then tell an interviewer about the famous thing in your city it could be some historical Place, Some Crop, Fruit, Culture or business, etc. Like one could say that I am from Lahore which is the heart of Pakistan with many historical and cultural things and places in it.
You should also have knowledge about the MNA or MPA of your area because it could be asked of you. You have a little history too about your place from where are you. Basically, these questions were asked to check that either you have knowledge about your surrounding or not.
- Why do you want to be a part of the Banking Industry?
I want to join the banking industry because I could provide the industry with a stable career with good growth prospects. The banking sector is one of the fastest-growing sectors of Pakistan which always provide a great career opportunity for candidates. You can also add some positive words with your answer that could be like this is one of the honest organizations that provide a good working environment to its employee and give a chance to directly interact with the Public.
- What are your Strength and Weaknesses?
The answer to this question could vary from one person to another and the strength or weakness you are going to explain should be matched with your personality as well as the organization.
In explaining your strength you should explain the strength that is useful for the banking sector it could be Good Communication Skills, Good Listener, Could work in an intense situation, Teamwork, etc.
In this question, you can add if you have won any awards in your educational career or professional career. While telling about your weaknesses you should not be very negative like short temper, Irregular, etc because it will leave a bad impression on your personality.
- Why did you want to choose the banking Sector as you have done BSc, B. Tech, MBA, and MA rather than going with the field of your education?
The answer should be straight and honest because the interviewers are also aware of the market so if you have done MBA then your answer should be. This is really hard to find a good job in the MBA I wanted to join the Banking sector because it is the safe sector that provides great career opportunities to employees.
- What are the basic documents required for a person to open an account in a bank?
According to the State Bank of Pakistan, a person must have a CNIC Card, Proof of address, if he or she is a salaried person that is proof of recruitment, and if he or she is a businessman then proof of their business is compulsory for everyone to open an account.
This type of question is asked to check that either you have basic knowledge about the banking sector or not. He could also ask them whether you have an account in a bank or not if yes that what type of account it is etc.
- Who is the governor of the State Bank of Pakistan SBP?
The current governor of the State Bank of Pakistan is Ashraf Mahmood Wathra and he join his duties on 29th April 2014 from Yaseen Anwar. You should have this kind of Information before facing a banking Job Interview Question.
- What do you mean by the GDP of a Country?
The full form of GDP is gross domestic product. This GDP is the complete measurement of all the goods and services a country produces in one financial year.
- Do you know the difference between Nationalized and Private Banks in Pakistan?
Nationalized bans are those which are owned by the government of that country which is mainly known as the public sector Banks while on the other side, Private banks are owned by an Individual Person or a company.
- Do banks have various risks?
Yes banks have mainly three kinds of risk that are
- Credit Risk is about Loans
- Market Risk is about Money Investment in the Market
- Operational Risk is a day-to-day working risk.
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- Difference Between a Demand Draft and Cheque?
Cheque could be defined as a negotiable instrument that is paid to the bearer and on the other side a demand draft can be defined as a negotiable instrument always payable on an order base.
- If we divide Banks’ Capital Into Parts and what are they?
- Paid Up Capital + Reserves
- Borrowed Funds + General Loss Reserves + Subordinated Term Debts + Undisclosed Reserves
- You must have heard that banking turning its branches into CBS. So what is CBS?
The full form of CBS is Core Banking Solution. Through this system, all the branches of a bank are interconnected with each other with a central database server as we know that Online branch. Through this facility, if we have an account in one branch then we can operate it from another branch too as after this system customers do not have to visit the same branch from far away where they have opened an account.
- What do you know about Para Banking?
In Para Banking there are such services that banks offer to their customers other than their day-by-day banking services like debit cards, Credit cards, Car loans, Life Insurance, etc.
- What is the main difference between Micro Finance and Micro Credit?
Micro Credit is a small term in which customers can get a small amount of loan from the bank and on the other side Micro Finance is a wide term that includes Small Loans as well as complete training on Financial Matters.
- If we want to promote the Financial Inclusion of our bank then what are the Steps?
- Advertisement of the bank so that more and more customers could be attracted.
- Facilities for poor people so that they can also open their accounts.
- Those people who are involved in the agriculture profession should be provided with a Kisan credit card.
- What do you know about Cash Reserve Ratio (CRR)?
Cash Reserve Ration is the cash of the Bank deposit in the State Bank of Pakistan.
- What is Inflation and Deflation?
Inflation could be defined as an increase in demand for a product due to a decrease in Supply or more demand in the market and in deflation the money in the market is low due to which the purchasing power of people decreases.