ICICI Bank Ltd Interview Preparation Guide
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ICICI Bank Ltd related Frequently Asked Questions by expert members with professional career as ICICI Bank Ltd. These list of interview questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts

66 ICICI Bank Ltd Questions and Answers:

1 :: Explain me what didn’t work in your last position?

Be honest here but you don’t need to lay it all out either, for example if you and your boss didn’t get along. Don’t bash your former employer. It could be the culture, it could be there was little room for career progression, you didn’t agree with the vision of the company say what it is, then move quickly to focusing on what you want instead.

2 :: Tell me what aspects of your previous jobs have you disliked?

This is similar to the tell us about your weaknesses question. You can’t say you have none, and you can’t say something fake like I work too hard. You need to be honest here with parameters: Prepare your answer so it comes across in a positive, productive way and not as bashing your former employer. Choose things that are about the job itself preferably, not your terrible boss, so you’re focusing on things that don’t come across as talking badly about people, which isn’t necessary or helpful. Things like the lack of structure or process is an example of something you could say. Or the lack of direction for your department.

3 :: Please tell me/us something about yourself?

Mostly it is the first question ask by interviewer and candidate must answer it in limited words and cover the main things like family background, education, job experience (if any), skills, etc.

4 :: Tell me how are the working hours at ICICI Bank Ltd?

9 hrs is the working hrs but one has to stretch accordingly due to high volume.

5 :: Explain do you prefer working alone or as a part of a team?

Cashiers typically work independently, but working within a team is a key part of the job; you will work closely with stockers, floor managers and others. As you respond, stress that you can work independently and can thrive on your own, but that you appreciate the support and expertise a team can give you.

7 :: Explain me how are you with handling money?

A key part of a cashier's job is handling money, so trustworthiness and integrity are important. In your answer, highlight your experience managing money, your past employers' feedback on your honesty and your accuracy in managing the cash drawer.

8 :: In pursuance of which one of the following was the General Insurance Corporation of India formed?

a. General Insurance Business (Nationalisation) Act, 1972
b. Insurance Act, 1938
c. Insurance Amendment Act, 2002
d. IRDA Act 1999

General Insurance Business (Nationalisation) Act, 1972
The entire general insurance business in India was nationalised by the Government of India through the General Insurance Business (Nationalisation) Act of 1972.

9 :: In which type of banking, electronic financial transactions are done?

a. E-Banking
b. POS Banking
c. M-Banking
d. Universal Banking

E-banking enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services.

10 :: What is the tagline of SBI?

a. Pure Banking Nothing Else
b. You can always bank on us
c. Working for a better tomorrow
d. Experience Next Generation Banking

Pure Banking Nothing Else
Government of India owned the Imperial Bank of India in 1955 and renamed it the State Bank of India.

11 :: Which is the largest public sector bank in India?

a. Bank of Baroda
b. Canara Bank
c. Central Bank of India
d. State Bank of India

State Bank of India
It is a government-owned corporation with its headquarters in Mumbai.

12 :: What type of tax has been abolished with a CESS in this budget 2015-16?

a. Entertainment Tax
b. Income Tax
c. Transaction Tax
d. Wealth Tax

Wealth Tax
Wealth tax has been replaced with a 2% cess on super rich individuals. When tax is applied to a particular purpose, it is called CESS.

13 :: Which is the largest foreign bank in India?

a) American Express Bank Ltd.
b) DBS Bank Ltd.
c) HSBC Ltd.
d) Standard Chartered Bank

d) Standard Chartered Bank

Standard Chartered Bank have been operating in India since 1858.

15 :: Explain what are your weaknesses and what should you improve on?

You should never pretend you don’t have any nor come up with a list like “I work too much.” Come up with a real weakness, like prioritization, time management perhaps – something that is real but also wouldn’t jeopardized your ability to do the job and focus on what you do about it. I’m working on improving my time management for example, I use an online calendar and schedule my tasks inside that calendar and plan my week each Monday estimating time needed for each task and project.

16 :: Explain about yourself (ie where do you start, what do you cover personal v. professional)?

Keep in mind they are not asking about you personally but you as a professional or business person. This is the time to name your strengths in a narrative way. “I am best known for my innovative and strategic approach to complex problems.” Then tell them how you came to this skillset by talking about your work experience and education. Always start with the present and work backwards.

Two minutes into the answer ask “shall I continue?” You do not want to eat up all of your interview time and lose the person’s attention with a long-winded answer. Only at the end can you add something personally by saying “in my off hours I enjoy running and I coach a kids’ track team.” Makes you human.

17 :: What would you suggest ICICI Bank Ltd management do to prevent others from leaving for this reason?

I left the bank to pursue my higher studies, which was not possible during the tenure.

18 :: Explain me about a time you have excellent service?

For this ask, paint a vivid description of the situation so the hiring manager understands what happened and what actions you took. Highlight where you went above and beyond the standard response of a cashier and focus on the customer's response.

19 :: How many years deferment for General Anti-Avoidance Rules (GAAR) was announced in the Budget 2015-16?

a. 1 year
b. 2 year
c. 3 year
d. 4 year

2 year
GAAR are framed to minimize tax avoidance, for example by siphoning off profits to tax havens. GAAR could be termed as a general set of rules enacted to limit tax avoidance. It was proposed by the Union Budget 2012-13. The finance bill 2012 introduced chapter X-A to the income Tax Act-1961. Tax avoidance rule GAAR was proposed to be effective from April 2015 for those claiming tax benefits of over Rs 3 crore but the present Finance Minister Arun Jaitley deferred the roll out of the GAAR by two years to April 1, 2017.

20 :: What does RBI regulate through Open Market Operation Transactions?

a. Flow of Foreign Direct Investment
b. Borrowing powers of the banks
c. Inflation
d. Liquidity in economy

Liquidity in economy
Outright purchase and Repurchase agreement are the two traditional type of OMO's used by RBI.