Banking awareness forms one of the most important parts of the General awareness section for all bank exams conducted in the country.
What is Banking Awareness?
Banking awareness is a part of the general awareness section in the bank exams. It comprises questions related to the history of banks in India, the Banking Institutions, banking terms and the functions and role of the banking industry in the financial system of the country.
What is the importance of Banking Awareness?
The weightage of the general awareness section is high and the candidate can easily score more in this section with no lengthy calculations and solutions required to answer the banking awareness questions. Scoring more in the General Awareness section increases the overall scores.
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The major bank exams conducted in the country include:
Aspirants across the country look for an opportunity to qualify for the banking sector exams conducted in the country and the general awareness section is one of the major sections in these exams.
These bank exams are conducted for various posts and one common topic which is a part of the bank exam syllabus is the general awareness section.
The general awareness section in banking exams comprises questions from the following topics:
In this article, we bring to you the detailed banking awareness syllabus, along with study material and notes related to the different topics. Get banking awareness questions asked in the previous year examinations have also been discussed here.
Banking Awareness Syllabus
The banking awareness section is vast and candidates must note that the General Awareness section in the bank exams is one of the most scoring sections as no calculations or solutions are required in this section so candidates can easily score high in this section and increase their overall marks.
Given below is a list of topics that constitute to form the banking awareness section:
|Banking Awareness Syllabus|
|Banking in India||Indian & International Finance System||Banking Concepts||Important Bank & Finance Acts|
|History of Banking in India||Banking and Financial Committees in India||Currency||RBI Act, 1934|
|Banking and Financial Reforms in India||Financial Market in India||Inflation||Banking regulations act,1949|
|Financial Institutions in India||Money & Capital Marketing||Money Laundering & Anti-Money Laundering||Overview of Companies (Amendment) Act, 2017|
|Functions of Banks||Credit & Debit||Green Banking||Amendments in FDI Policy, 2018|
|Types of Bank Accounts||International Financial Institutions||Financial Inclusion||Financial Resolution and Deposit Insurance Bill 2017|
|Types of Loans||Basics of Bond and their Types & Features||Reverse Mortgage Loan||Foreign Exchange Regulation Act (FERA)|
|Types of Mortgages||Mutual Funds||Bank Credit Operations||Prevention of Money Laundering Act 2002|
|Types of Cheque & Cards||LIBOR & MIBOR||Cash Management Services||Business of Banking Companies in Banking Regulation Act, 1949|
|Foreign Banks in India||SWIFT Codes for banks||CIBIL||Employee Provident Fund and Miscellaneous Provisions Act, 1952|
|Fund Transfer Services||Types of Foreign Accounts||Bombay Stock Exchange (BSE)||Insolvency and Bankruptcy Code, 2016|
|Structure of Banking Industry||Bharatiya Reserve Bank Note Mudran Private Limited||National Stock Exchange (NSE)||NPA and SARFAESI Act, 2002|
|Nationalised Banks||Bancassurance||Banking Ombudsman|
|Public Sector Banks||Indian Financial System||Non-Performing Assets (NPA)|
|Principles of Insurance|
|History of Indian Insurance Industry|
|List of Bank & Insurance Companies with their Taglines|
Aspirants can check the detailed banking awareness section in the PDF given below:
Aspirants can also check the exam pattern and section-wise syllabus for the various bank exam at the links given below:
|SBI PO Syllabus||IBPS PO Syllabus||SBI Clerk Syllabus|
|IBPS Clerk Syllabus||RBI Assistant Syllabus||RBI Grade B Syllabus|
|SBI SO Syllabus||IBPS SO Syllabus||IBPS RRB Syllabus|
Indian And International Banking Organisations
Another important element that constitutes the banking awareness section for various bank exams comprises questions related to the Indian and International banking Institutions and questions related to their date of establishment, headquarters and their role and functions in the Indian Financial sector.
Types of Banks
The banking sector is divided into various types. This include:
- Central Bank – The Reserve Bank of India
- Nationalised Banks
- Public Sector Banks
- Private Banks
- Commercial Banks
- Export Credit Guarantee Corporation of India Ltd. (ECGC)
- Exim Bank of India
- Payment Bank
- Co-operative Banks
- Regional Rural Banks
- Small Finance Banks
Starting with the Reserve Bank of India. It is the central bank for the country and the one that regulates all the other banks and financial institutions in our country. There are four main subsidiaries of RBI. These include:
- Bharatiya Reserve Bank Note Mudran Private Limited
- Deposit Insurance and Credit Guarantee Corporation (DICGC)
- National Bank for Agriculture and Rural Development (NABARD)
- National Housing Bank (NHB)
Know about the Types of Banks in India at the linked article.
The Public Sector Banks include banks like The State Bank of India, Bank of Baroda, Allahabad Banks, Punjab National Bank, Canara Bank, Andhra Bank, etc.
The Private Sector Banks are the ones whose shares are completely owned by an individual or group shareholders.The Indian Private sector banks are ICICI Bank, Yes Bank, Axis Bank, Bandhan Bank, etc.
Payments Banks are set with an aim to provide small savings accounts and payments services to low income households, small businesses, other unorganized sector entities and other users. These include Airtel Payment Bank, FINO Payment Bank, India Post Payment Bank, Jio Payment Bank, Paytm Payment Bank, Aditya Birla Payment Bank, Vodafone M-Pesa Payment Bank and NSDL Payment Bank.
To strengthen other sections other than the general awareness section, candidates can refer to the links given below:
Apart from Indian Banking Institutions, there are various International Banking Institutions. Questions related to the same are also asked in the bank exams. Given below is the list of International Banking Organisations:
- World Bank
- Asian Development Bank (ADB)
- Asian Infrastructure Investment Bank (AIIB)
- Bank of International Settlement (BIS)
- BRICS Bank
- International Monetary Fund (IMF)
Candidates can get the tips to prepare for the General Awareness section at the linked article.
General Awareness For Bank Exams
Banking General Awareness is having sound knowledge of static General features of India and across the world.
Along with the banking knowledge, an aspirant must have complete knowledge of the current events of importance across the Globe and the static features of the country.
The common topics which are a part of the Banking General Awareness sections are:
- Wildlife Sanctuaries in India
- Important Dates
- National Parks in India
- Famous Books & Authors
- ICC Cricket World Cup Winners List
- State and Capital
- Country, Capital and Currency
- Neighbouring Countries of India
- Dams in India
- Stadiums in India
- Indian Dance Forms
- Government Schemes
- Cabinet Ministers
- List of Governors in India
The list goes on further. Candidates must make sure that they prepare themselves well, not just for the Static GK part as well.
Candidates willing to know about the bank salary of employees, they can visit the linked articles and get a detailed salary structure.
The similar syllabus is followed for the various insurance exams conducted in the country as well. For information regarding the insurance sector exams candidates can visit the linked article.
Sample Banking Awareness Questions
Given below are a few sample questions which candidates can refer to analyse the type of questions asked in the general awareness section for banking awareness.
Q 1. What is the sensitive index of the National Stock Exchange of India also known as?
Answer: (5) NIFTY
Q 2. What is the full form of IMF?
- International Monetary Fund
- Indian Monetary Fund
- Inflation Management Fund
- International Management Funds
- Indian Management Funds
Answer: (1) International Monetary Fund
Q 3. Which public sector bank among the following has the largest number of foreign branches?
- State Bank of India
- Bank of Baroda
- Andhra Bank
- Bank of India
- Punjab National Bank
Answer: (2) Bank of Baroda
Q 4. At the time of periodical review, which of the following rates are reviewed by the Reserve Bank of India?
- Repo Rate
- Bank Rate
- Savings Bank Rate
- All of the Above
- None of the Above
Answer: (4) All of the Above
Q 5. Where are the headquarters of the Asian Development Bank?
Answer: (2) Philippines
Q 6. The money a commercial bank needs to preserve in the form of cash, or gold or Bonds before providing credit to their own customers is known as
- Cash Reserve Ratio
- Marginal Standing Facility
- Statutory Liquidity Ratio
- Liquidity adjustment facility
- None of the Above
Answer: (3) Statutory Liquidity Ratio
Q 7. Who was the first Indian Governor of RBI?
- Sir Bengal Rama Rau
- L.K. Jha
- N.C. Sen Gupta
- Sir C.D. Deshmukh
- H.V.R Iyengar
Answer: (4) Sir C.D. Deshmukh
Q 8. What does ‘M’ stand for in MDR?
Answer: (3) Merchant
Q 9. The fund transfers through the NEFT system occurs in how many batches?
Answer: (4) 23
Q 10. Where is the headquarters of Jana Small Finance Bank located?
Answer: (3) Bengaluru
Tips for Banking Awareness Preparation
Based on this article, it can be concluded that the syllabus for banking awareness is vast and candidates need to devote quality time for preparation of this section.
Given below are few tips that may help candidates prepare for banking awareness:
- Refer to the best set of books with apt and detailed banking awareness syllabus
- Revise the syllabus on a daily basis
- Look for previous year question papers and solve Bank PO and Bank clerk papers to analyse the type of questions asked
- Make proper notes as they will help you prepare, learn and revise the banking sector knowledge systematically
- Stay updated with any merger of banks or Institutions
For any further information regarding the bank exams, their syllabus and other preparation tips, candidates can turn to BYJU’S for assistance.