New India Assurance Company Limited (NIACL) AO and the Institute of Banking Personnel Selection (IBPS) SO Exam are one-time standard recruitment examinations. These tests aim to select the best potential candidates for the National Insurance Company Limited (NIACL) AO and the Institute of Banking Personnel Selection (IBPS) SO, respectively.
Both organizations are government-owned and recruit employees after a thorough screening process. The objective is to provide an optimum level of service to the customers and a must-have skill set for other organisations that wish to hire an officer with these skills. BYJU’S Exam Prep prepares students for the NIACL AO and IBPS SO exams with study materials, mock tests, previous years’ question papers, etc.
Difference between NIACL AO Exam & IBPS SO Exam:
NIACL AO and IBPS SO exams, though very similar, differ in some aspects.
- Duration: The New India Assurance Company AO exam is for an hour, whereas the IBPS SO exam lasts two hours.
- Pattern of exam: Though both exams have objective-type questions and negative marking, they test different aspects. There are three papers in the New India Assurance Company Limited AO Exam: Reasoning Ability, Quantitative Aptitude, and English Comprehension Skills. In IBPS SO exam, there are two papers: Reasoning Ability and English Comprehension Skills.
- Number of questions: Both exams have the same number of questions, i.e. 200, but IBPS SO has more questions in English Comprehension Skills, whereas NIACL AO has more questions in Quantitative Aptitude and Reasoning Ability.
- Number of attempts: The NIACL AO exam can be taken as many times as desired, but only six attempts are allowed for the IBPS SO
NIACL AO Exam
The NIACL AO Exam is conducted by the New India Assurance Company Limited (NIACL) to select applicants for the post of Assistant Officer (Executive). NIACL, one of the leading banks in the country, conducts a Computer-Based Test (CBT). It is a public sector under the Ministry of Finance, Government of India. Apart from providing insurance services, NIACL also provides banking facilities. It has more than 25 branches all over India, operating in 13 cities. Given below is the IBPS SO Selection Process.
IBPS SO Selection Process
IBPS SO Exam is conducted by the Institute of Banking Personnel Selection (IBPS) for Bank Clerk, PO and Specialist Officer. The IBPS conducts a computer-based test (CBT). Besides conducting various examinations for recruitment, IBPS also provides training to aspirants to clear exams. The IBPS has over 11 regional centres in all major cities in India that offer training to candidates who wish to prepare for these examinations. It also has a training centre in NJR Hyderabad where candidates are provided job-oriented training
Significance of NIACL AO and IBPS SO Exams:
Approximately 15 lakh candidates appear for the NIACL AO and IBPS SO exams. Some prominent companies that recruit candidates through these exams are the Indian Bank, Bank of Baroda, the State Bank of India, Punjab National Bank, etc
The career scope of both NIACL AO and IBPS SO is very wide. Each company recruits candidates after a thorough screening process to provide optimum services to their customers. Job seekers can evaluate their chances by practising with BYJU’S materials such as practice tests and mock tests before appearing for the exam. There are significant differences between NIACL AO and IBPS SO exams. They differ in pattern, time duration, and subject matter. Therefore, candidates must be aware of these differences before applying for the exams. BYJU’S Exam Prep will help you prepare for both exams with the best possible results.
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