FAQ

Q 1. Which bank exams can we expect in 2023?

A. In the year 2023, there will be several significant bank exams on the horizon. These include the IBPS RRB Office Assistant, IBPS RRB Officer Scale I, SBI Clerk, SBI PO, IBPS Clerk, IBPS PO, RBI Grade B officer, IDBI Assistant Manager, and more. For a comprehensive list of all the forthcoming bank exams in 2023, please refer to the aforementioned article.

Q 2. How to prepare for bank exams 2023?

A. If you are aspiring to crack bank exams in 2023, proper preparation is key to success. Here are some essential steps to help you prepare effectively:

1. Understand the Exam Pattern and Syllabus: Begin by familiarizing yourself with the exam pattern and syllabus. This will give you a clear idea of the sections, topics, and marking scheme of the exam. It is crucial to know what to expect in order to plan your preparation accordingly.
2. Create a Study Plan: Once you have reviewed the syllabus, devise a study plan that suits your needs and preferences. Allocate dedicated time slots for each section, considering your strengths and weaknesses. A well-structured study plan will keep you organized and help you cover all the necessary topics.
3. Gather Relevant Study Material: Acquire the appropriate study materials such as textbooks, reference guides, previous years’ question papers, and online resources. Ensure that the materials you choose are up-to-date and align with the latest exam pattern and syllabus.
4. Focus on Conceptual Understanding: Instead of rote memorization, focus on understanding the concepts behind each topic. Build a strong foundation by grasping the underlying principles and theories. This will enable you to tackle a wide range of questions effectively.
5. Practice Regularly: Practice is crucial for success in bank exams. Solve ample practice questions and mock tests to enhance your speed, accuracy, and time management skills. Analyze your performance to identify areas of improvement and work on them consistently.
6. Enhance Quantitative and Reasoning Abilities: Bank exams often include sections on quantitative aptitude and reasoning ability. Strengthen your problem-solving skills in these areas through regular practice. Learn and apply shortcuts, formulas, and strategies to solve questions more efficiently.
7. Improve English Language Skills: English language proficiency is vital for bank exams. Enhance your vocabulary, grammar, and comprehension skills by reading newspapers, magazines, and English-language books. Practice English language questions to develop accuracy and speed in this section.
8. Stay Updated with Current Affairs: Keep yourself updated with the latest current affairs, especially in the banking and financial sectors. Read newspapers, follow news websites, and watch news channels to stay informed about important events, government schemes, and economic developments.
9. Time Management: Time management is crucial during the exam. Practice solving questions within the allotted time limit. Develop strategies to prioritize questions based on difficulty level and maximize your overall attempts without compromising accuracy.
10. Stay Positive and Confident: Lastly, maintain a positive mindset and believe in yourself. Confidence plays a significant role in tackling bank exams. Stay motivated, practice mindfulness, and stay focused on your goal.

By following these steps and maintaining consistent effort and dedication, you can increase your chances of success in bank exams in 2023.

Q 3. What are the eligibility criteria for bank exam?

A. To appear for bank exams, candidates must meet certain eligibility criteria set by the banks. While the basic requirement is graduation from a recognized university or institution, there may be additional criteria for certain specialist officer positions.

Q 4. What is the salary of a Bank PO?

A. Upon qualifying the bank exams, a Bank PO can expect to earn a salary ranging from Rs. 5 lakhs to Rs. 10 lakhs per annum. The exact salary amount may vary depending on several factors, including the bank, location, and other associated benefits.

Q 5. Which are the major posts for which bank exams are conducted.

A. Bank exams are conducted for recruitment across various positions within the banking sector. While there are numerous roles available, three major posts consistently form the focus of these exams. They are:

1. Bank Probationary Officer (Bank PO): The position of a Bank Probationary Officer undergoes a probationary period where they receive training and gain hands-on experience in various banking operations. POs are responsible for customer service, account management, loan processing, and other key banking functions. They often progress to higher managerial positions within the bank.
2. Bank Specialist Officer (Bank SO): Bank SO exams are conducted to recruit specialists in specific domains such as IT, HR, Marketing, Law, Agriculture, and Finance. These officers bring their expertise to tackle specialized tasks within the bank, contributing to its efficient functioning. Bank SOs work closely with other departments, providing expert guidance and support in their respective areas.
3. Assistant/Clerical Cadre (Bank Clerk): The role of a Bank Clerk involves handling routine banking operations, maintaining records, assisting customers with their transactions, and ensuring smooth day-to-day functioning at the branch. Clerks play a crucial role in providing frontline customer service and handling administrative tasks. They are often the first point of contact for customers visiting the bank.

Q 6. What to study to qualify the bank exams?

A. To qualify for bank exams, candidates should focus on mastering the following five major subjects. Thorough preparation in these areas can greatly enhance their chances of success:

1. Reasoning Ability and General Intelligence: This subject tests candidates’ logical and analytical thinking abilities. Topics often covered include verbal and non-verbal reasoning, puzzles, coding-decoding, blood relations, seating arrangement, syllogism, and analogies. Developing problem-solving skills and practicing different types of reasoning questions is essential.
2. Quantitative Aptitude and Numerical Ability: This subject assesses candidates’ mathematical and numerical proficiency. It typically covers topics such as number system, simplification, average, percentage, ratio and proportion, time and work, speed and distance, data interpretation, and basic algebra. Strengthening mathematical concepts and practicing a variety of numerical problems is crucial.
3. General Banking/Finance Awareness: This subject test candidates’ knowledge of current affairs, banking industry updates, and financial awareness. It includes topics such as banking and financial terms, recent developments in the banking sector, economic news, government schemes related to finance, and major national and international events. Regularly reading newspapers, magazines, and staying updated with current affairs is vital for this section.
4. English Language and Verbal Ability: This subject evaluates candidates’ English language proficiency. It covers topics like grammar, vocabulary, reading comprehension, sentence completion, para jumbles, and error detection. Candidates should focus on improving their grammar, vocabulary, and reading skills. Regular reading, practicing comprehension passages, and solving grammar-related exercises can enhance performance in this section.
5. Computer Awareness: This subject assesses candidates’ knowledge of computer fundamentals and applications. It includes topics like basic computer terminology, hardware and software, computer networks, internet, operating systems, and common computer applications. Familiarizing oneself with computer basics and staying updated with recent advancements in technology is essential.

Candidates should follow a structured study plan, practice previous years’ question papers, and take mock tests to assess their progress and identify areas for improvement. It is advisable to refer to reputable study materials, online resources, and coaching materials specifically designed for bank exams.

By focusing on these subjects and adopting a comprehensive approach to preparation, candidates can increase their chances of qualifying bank exams successfully.