Thursday, November 20, 2014

How to Prepare for IBPS Clerk Exam

Name of the exam: IBPS Clerk

Held in the month of: Usually in November-December 

Registration: Usually begins in August and ends in September 

Age limit: 20 - 28 years (for general category) as on 1 August of the year the candidate is taking the exam

Mode of examination: Common Written Test, followed by an interview if the candidate clears the written test

Preparation time: Minimum of two months

Time duration of the exam: 2 hours

Number of questions: 200 questions (objective)

Negative marking: Yes - .25 for every wrong answer

Recommended marks for qualifying the interview: 160

IBPS Clerk exam

IBPS Clerk exam is conducted by Institute for Banking Personnel Selection (IBPS). This exam selects eligible candidates for the post of clerks in various public sector banks. Once a candidate clears the IBPS Clerk exam, he can get allocated to any of the 19-20 public sector banks for which IBPS conducts this exam.

A little bit about IBPS

IBPS was set up by the banking industry and it began its operation in 1975. In 1984, IBPS became an independent entity and went on to become a prestigious institute that conducts exams for the recruitment, placement and promotion of candidates at public sector banks. If a person is aiming for a career in a public sector bank, he has to take the exams conducted by IBPS.

Role of an IBPS Clerk

The role of a clerk in a bank is very important. He ensures that all the records are maintained in a systematic manner. The clerks may handle different areas depending on their interest and specialization. The different types of clerks are - Statement clerks, Loan clerks, Exchange clerks, Security clerks, Interest clerks, etc. Their roles are as mentioned:
Statement clerk's role revolves around preparing balance sheets
Loan clerks keep a tab of all the loans dealings of the bank
Exchange clerk's role is to convert currencies and handle international accounts
Security clerk deals with stocks and investment details of the bank
Interest clerk records the interest that the bank owes to customers, the interest on loans that the customer owes the bank, and the interest on investment that the banks have earned

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