IBPS Bank PO frequently asked questions

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IBPS PO – FAQ

What are the posts available under this recruitment project?
The post which will be available in this recruitment project is Probationary Officer.

Which Banks will participate in this recruitment Process?
Total – 23 Banks
1. Allahabad Bank
2. Canara Bank
3. Indian Bank
4. Syndicate Bank
5. Andhra Bank
6. Central Bank of India
7. Indian Overseas Bank
8. UCO Bank
9. Bank of Baroda
10. Corporation Bank
11. Oriental Bank of Commerce
12. Union Bank of India
13. Bank of India
14. Dena Bank
15. Punjab National Bank
16. United Bank of India
17. Bank of Maharashtra
18. ECGC
19. Punjab & Sind Bank
20. Vijaya Bank
21. Bharatiya Mahila Bank
22. IDBI Bank
23. Any other bank or financial institution
How many vacancies will be there?
It is not fixed and will depend on the vacancies created at each participating bank in next one year.

Will there be a common interview after the written result?
Yes. There will be common interview

Will the exam conducted online or offline (OMR Based)?
Common Written Exam for IBPS will be conducted online.
How many vacancies will be there?
It is not fixed and will depend on the vacancies created at each participating bank in next one year.
What is the age criteria to apply in this common written exam?
Age Criteria As on 01.07.2014:
• Minimum: 20 years
• Maximum: 30 years

Is there any Age Relaxation?
Yes, there is age relaxation as follows –
• SC – 5 years
• OBC – 3 years
• PWD – 10 years
• Ex-serviceman – 5 years
• Persons ordinarily domiciled in the Kashmir Division of the State of Jammu & Kashmir during the period 01.01.1980 to 31.12.1989 – 5 years
• Persons affected by 1984 riots – 5 years
What is the educational qualification required for various posts in this recruitment process?
A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.

The candidate must possess valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he / she registers and indicate the percentage of marks obtained in Graduation while registering online

I have given exams of my final year graduation but result has not yet been declared. Can I apply?
No. You can not apply. If the result is out on or before 11.08.2014 , only then you can apply.

What is the application Fee?
• Rs. 100/- for SC/ST/PWD candidates.
• Rs. 600 /- for all others
I have scored 55% in Graduation. Am I eligible to sit for the exam?
Yes, you can apply as there is no percentage criterion. You just need to be a graduate.

I am 19 years old. Can I sit for the exam?
No. You have to wait another year in order to appear for the exam. You must be at least 20 years of age and not more than 30 years of age as on as on 01.07.2014.
How to calculate the Percentage?
The percentage marks shall be arrived at by dividing the total marks obtained by the candidate in all the subjects in all semester(s)/year(s) by aggregate maximum marks in all the subjects irrespective of honours / optional / additional optional subject, if any. This will be applicable for those Universities also where Class / Grade is decided on basis of Honours marks only.

The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%.

Is the exam Bilingual?
The tests except the Test of English Language will be available bilingually, i.e. English and Hindi.

What is the cut-off for being recruited?
There is no fixed cutoff for IBPS PO exam. It depends on the performance of the candidates each year. Your final score is calculated based on your performance in the written test and the interview.

I have cleared the overall cutoff of the exam. However, I could not clear the cutoff for the general knowledge section. Am I still eligible?
Unfortunately, you are not eligible to move to the interview stage. You must clear the cutoff for each section and the overall cutoff as well.

Is there a criterion for negative marking?
There is negative marking of ¼ marks for every wrong answer.

What is the pattern of score in IBPS?
The corrected scores obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method.
IBPS PO 2014 – Syllabus and Pattern
It is also advisable to the candidates that they must continuously refer to the syllabus at the starting of the preparation and also while the preparation is going on.

The structure of the Examination which will be conducted on-line is as follows:
Sr. No
Name of Tests
Maximum Marks
1.
Reasoning
50
2.
English Language
40
3.
Quantitative Aptitude
50
4.
General Awareness (with special reference to Banking Industry)
40
5.
Computer Knowledge
20

TOTAL
200

NOTE – Negative Marking of 1/4 marks

1. Reasoning –

Topic
Expected Number of Questions
Seating Arrangement
10
Tabulation
5
Logical Reasoning
5-10
Syllogism
5
Blood Relations
5
Input Output
0-5
Coding Decoding
5
Alphanumeric Series
0-5
Ranking/Direction/Alphabet Test
0-5
Data Sufficiency
0-5
Coded Inequalities
5
Puzzle
5-7

 

2. English Language

Topic
Expected Number of Questions
Reading Comprehension
10
Cloze Test10
Fill in the blanks
0-5
Multiple Meaning/Error Spotting
0-5
Paragraph Complete/ Sentence Correction
5
Para jumbles
5
Miscellaneous
5
3. Quantitative Aptitude

Topic
Expected Number of Questions
Simplification
5
Number Systems
3
Ratio & Proportion, Percentage
& Averages
3
Profit & Loss
2
Mixtures & Alligations
1-2
Simple Interest & Compound Interest & Surds & Indices
1- 2
Work & Time
2
Time & Distance
2
Mensuration – Cylinder, Cone, Sphere
1-2
Sequence & Series
5
Permutation, Combination
& Probability
5
Data Interpretation
15

 

4. General Awareness –

Current Affairs
This would primarily focus on all news based items from various fields like sports, awards, summits, new appointments, obituaries, Indian Defense, etc. Please be thorough with newspaper, preferably “THE HINDU”.

Banking Awareness
• Indian Financial System – Overview of Financial Markets (Money Market, Capital Market, Forex Market, Credit Market), Financial Intermediaries involved (like investment bankers, underwriters, stock exchanges, registrars, depositories, custodians, portfolio managers, mutual funds, primary dealers, Authorised dealers, self regulatory organizations, etc. Also read important committees and its recommendations.
• History of Indian Banking Industry – (Pre Independence, Post Independence, Nationalisation), Structure of Indian Banking, Types of Banks (Scheduled, Co-operatives), categorisation of Bank (Pvt, PSU, Foreign), NHB, SIDBI, EXIM, NABARD, IDBI its role etc and concept of NBFC.
• Regulatory Bodies like – RBI, (RBI History/ Functions/ Roles/) SEBI, IRDA, PFRDA, FSDC, FMC etc its role functions and fact based details
• Monetary & Credit Policies who decides, basis of change and its relation with Inflation and other related issues & Inflation (Types) CRR/ SLR/ Repo/ Re-Repo/Bank Rate etc.
• Budget Basics and Current Union Budget – Discussion of Budget related terminologies like GDP, Fiscal Deficit, Various kinds of taxes, Government revenue model and spending etc. and discussion on Union Budget 2014. Also major pointers for Rail Budget and Economic Survey to be read.
• International Organisations/ Financial Institutions – IMF, World Bank, ADB, UN related agencies, recent development in them members heads etc functions, recent loans given by them to India or any country in the world where Crisis is going on.
• Capital Market & Money Market – Concept, Types of Instruments they deal in like (1. Call/Notice Money 2. Treasury Bills 3. Term Money, 4. Certificate of Deposit 5. Commercial Papers or Capital Market Instruments like equity Shares, preference shares, or Debt segment like Debentures etc also talk about Stock Exchanges in India and world.
• Government Schemes – All important schemes for ex. Bharat Nirman, Swavlamban, Swabhiman , All schemes discussed in budget – the details like when was it introduced, important facts related to same, budgetary allocation etc.
• Abbreviations and Economic terminologies – Frequently discussed in newspaper
• Other important concepts like – BASEL, Micro Finance, Base Rate, Negotiable Instruments, Credit Rating Agencies, Financial Inclusions, Teaser Rates, GAAR, Priority Sector Lending and all other important concepts.

 

5. Computer Knowledge –

Module No.
Details
1
Number System
2
History of Computers
3
Hardware
4
Software
5
Database (introduction)
6
Communication (Basic Introduction)
7
Networking (LAN, WAN)
8
Internet (Concept, History, working environment, Application)
9
Security Tools, Virus, Hacker
10
MS Windows & MS Office
11
Logic Gates

 

One Comment to “IBPS Bank PO frequently asked questions”

  1. my birth of date is 12 september 1997. can i give exam of ibps po 2017?

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