My personal opinion, is that UNLESS the job is for a technical consultant in a data recovery or forensics company, the question and the way it is posed would not be appropriate: it would, if answered correctly only discriminate about the candidate "geekness" .
To the question:
Q. Here is a corrupted excel file, what can you do to recover it's contents?
The correct answer is NOT:
A1. Nothing, you should have a backup of it before corruption.
(which noone in his right mind would give in a job interview

, as it hints that the Company has bad backup practices or that the interviewer is a jerk)
And is NOT even:
A2. Sure, no problem, let me have a look at it in my hex editor, give me a couples of hours and I'll get the data.
(which is reserved to the very few people that can actually fix a corrupted Excel datasheet with a hex editor, otherwise is either presumptuous or a bluff)
The "right" answer is actually a question:
A3. Sure, how much I am allowed to spend in consulting fees to recover this valuable data? I will start researching a suitable solution as soon as I have a budget.
If you wish to "insist" in the question, meaning it is aimed to test actual knowledge in the use of Excel, I would rather use "address" corruption in formulas, something that an advanced Excel user should be able to fix.
By fiddling with VLOOKUP, HLOOKUP, ADDRESS, INDIRECT functions, and inserting or removing a column within the lookup range, you can easily make an otherwise "perfect" spreadsheet become a mess.
jaclaz