Top Banking Interview Questions & Answers:

1. The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 1/4%, is:
A. Rs. 108.25
B. Rs. 112.20
C. Rs. 124.75
D. Rs. 125.25

C. Rs. 124.75

2. A 12% stock yielding 10% is quoted at:
A. Rs. 83.33
B. Rs. 110
C. Rs. 112
D. Rs.120

D. Rs.120

3. Bella invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125. If his total dividend per annum is Rs. 1360, how much does he invest in 12% stock at Rs. 120?
A. Rs. 4000
B. Rs. 4500
C. Rs. 5500
D. Rs. 6000

A. Rs. 4000

4. By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
A. Rs. 80
B. Rs. 96
C. Rs. 106
D. Rs. 108

B. Rs. 96

5. A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:
A. 3 : 4
B. 3 : 5
C. 4 : 5
D. 16 : 15

D. 16 : 15

6. Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9% stock is:
A. Rs. 4800
B. Rs. 5000
C. Rs. 5400
D. Rs. 5600

B. Rs. 5000

7. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
A. Rs. 207.40
B. Rs. 534.60
C. Rs. 648
D. Rs. 655.60

C. Rs. 648

8. A 6% stock yields 8%. The market value of the stock is:
A. Rs. 48
B. Rs. 75
C. Rs. 96
D. Rs. 133.33

B. Rs. 75

9. Laura invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125. If his total dividend per annum is Rs. 1360, how much does he invest in 12% stock at Rs. 120?
A. Rs. 4000
B. Rs. 4500
C. Rs. 5500
D. Rs. 6000

A. Rs. 4000

10. The cost price of a Rs. 100 stock at 4 discount, when brokerage is 1/4% is:
A. Rs. 95.75
B. Rs. 96
C. Rs. 96.25
D. Rs. 104.25

C. Rs. 96.25

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11. A 12% stock yielding 10% is quoted at:
A. Rs. 83.33
B. Rs. 110
C. Rs. 112
D. Rs. 120

D. Rs. 120

12. A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
A. 7.5%
B. 8%
C. 9.7%
D. None of these

B. 8%

13. A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
A. Rs. 12
B. Rs. 15
C. Rs. 18
D. Rs. 21

B. Rs. 15

14. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
A. Rs. 3100
B. Rs. 6240
C. Rs. 6500
D. Rs. 9600

B. Rs. 6240

15. The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:
A. Rs. 360
B. Rs. 432
C. Rs. 540
D. Rs. 1080

A. Rs. 360

16. The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:
A. Rs. 20
B. Rs. 24
C. Rs. 16
D. Rs. 12

C. Rs. 16

17. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:
A. Rs. 72
B. Rs. 36
C. Rs. 54
D. Rs. 50

D. Rs. 50

18. The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:
A. Rs. 37
B. Rs. 37.62
C. Rs. 34.38
D. Rs. 38.98

B. Rs. 37.62

19. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:
A. Rs. 60
B. Rs. 108
C. Rs. 110
D. Rs. 112

B. Rs. 108

20. The banker's discount on a certain sum due 2 years hence is 11/10 of the true discount.
The rate percent is:
A. 11%
B. 10%
C. 5%
D. 5.5%

C. 5%

21. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:
A. Rs. 960
B. Rs. 840
C. Rs. 1020
D. Rs. 760

C. Rs. 1020

22. The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
A. Rs. 480
B. Rs. 520
C. Rs. 600
D. Rs. 960

C. Rs. 600

23. The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:
A. 3 months
B. 4 months
C. 6 months
D. 8 months

B. 4 months

24. The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:
A. Rs. 36
B. Rs. 72
C. Rs. 48
D. Rs. 96

D. Rs. 96

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25. The banker's discount on a sum of money for 1 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:
A. 10%
B. 13%
C. 12%
D. 15%

C. 12%

26. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
A. Rs. 400
B. Rs. 360
C. Rs. 480
D. Rs. 320

A. Rs. 400

27. Have you applied to any other areas apart from banking?

Here off course your answer will hold some other finance or sales and marketing careers - insurance or accountancy, altogether these careers should have skills related to banking.

28. How do you feel about committing yourself to another three years of exams?

The professional examinations that you will almost certainly be required to take as part of your training are not always difficult in themselves, but do require determination and focus- especially as much of your study will be done in the evenings after a hard days work.

You should also be aware of the range of qualifications open to you - many of the large clearing banks offer the opportunity to gain qualifications in marketing, personnel or accountancy - not just banking.

29. Tell us about an experience in which you had to use tact?

Tact and diplomacy are important qualities in retail banking - the customer is (almost!) always right. You may have to tell an account holder diplomatically why they can't have a loan for example, without provoking them into moving their account elsewhere.

To answer this type of question, think through everything you have done in the last five years - school, university, sports, clubs, societies, travel, vacation jobs etc. and try to think of situations where you had to demonstrate this and other qualities - do this before your interview.

If you have completed a number of employer application forms, then you should already have done this as this type of question is now common on application forms.

30. Who are our major competitors and what differences do you notice in our products?

The company will be expecting that you have done your research on the industry generally. You should be familiar with the bank's products and services - literature on these can be picked up at any branch. Read the banks brochures and annual reports - these may be in the careers information room.

Be aware of current trends in the market and try to find out what each bank is doing in these areas

31. What significant trends do you see in the future for our industry?

This is your chance to shine. You will be fully familiar with the economic situation as it relates to banking or how recent legislation affects it. How will you be familiar? Because you will have done your research and preparation properly.

You will have talked to people about the employer, you will have been reading trade magazines, journals and newspapers, and you will have poured over company brochures, annual reports or anything else you can get your hands on direct from the employer.

You could talk about tele-banking, the limited range of services now being offered by the supermarket banks, the effects of technology and competition and much more.

The Employment Files in the Careers Service library are an obvious first place to look. The Internet is also an excellent source of information. Be ready to have more than one significant trend to discuss!