Banking Awareness 2023 For IBPS, SBI, RBI & Other Bank Exams
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.
Table of Contents:
1. Banking Awareness Syllabus
2. Indian And International Banking Organisations
3. General Awareness For Bank Exams
4. Sample Banking Awareness Questions
5. Tips for Banking Awareness Preparation
The major bank exams conducted in the country include:
IBPS Exams
SBI Exams
RBI Exams
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:
General Knowledge
Static GK
Current Affairs
Banking Awareness
In this article, we bring you detailed banking awareness syllabus, along with study material and notes related to the different
topics. Banking awareness questions asked in the previous year examinations have also been discussed here.
Banking Awareness Syllabus PDF:-Download PDF 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. There are no calculations or solutions 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 & Banking Important Bank &
International Concepts Finance Acts
Finance System
History of Banking Banking and Currency RBI Act, 1934
in India Financial Committees
in India
Banking and Financial Market in Inflation Banking regulations
Financial Reforms India act,1949
in India
Financial Money & Capital Money Laundering Overview of Companies
Institutions in India Marketing & Anti-Money (Amendment) Act, 2017
Laundering
Functions of Banks Credit & Debit Green Banking Amendments in FDI
Policy, 2018
Types of Bank International Financial Financial Resolution
Accounts Financial Institutions Inclusion and Deposit Insurance
Bill 2017
Types of Loans Basics of Bond and Reverse Mortgage Foreign Exchange
their Types & Loan Regulation Act (FERA)
Features
Types of Mortgages Mutual Funds Bank Credit Prevention of Money
Operations Laundering Act 2002
Types of Cheque & LIBOR & MIBOR Cash Management Business of Banking
Cards Services Companies in Banking
Regulation Act, 1949
Foreign Banks in SWIFT Codes for CIBIL Employee Provident
India banks Fund and
Miscellaneous
Provisions Act, 1952
Fund Transfer Types of Foreign Bombay Stock Insolvency and
Services Accounts Exchange (BSE) Bankruptcy Code,
2016
Structure of Bharatiya Reserve National Stock NPA and SARFAESI
Banking Industry Bank Note Mudran Exchange (NSE) Act, 2002
Private Limited
Nationalised Banks Bancassurance Banking
Ombudsman
Public Sector Banks Indian Financial Non-Performing
System 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:
Banking Awareness Syllabus PDF:-Download PDF Here
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:
1. Bharatiya Reserve Bank Note Mudran Private Limited
2. Deposit Insurance and Credit Guarantee Corporation (DICGC)
3. National Bank for Agriculture and Rural Development (NABARD)
4. 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 unorganised 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:
Free Online Mock Test Series with Solutions
Free Previous Year Question Papers PDF with Solutions
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 General static features of India and across the world.
Along with the banking knowledge, an aspirant must have a complete understanding 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.
Candidates willing to know about the bank salary of employees, can visit the linked articles and get a detailed salary structure.
A 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?
1. SENSEX
2. CRIS
3. CSE
4. MCS
5. NIFTY
Answer: (5) NIFTY
Q 2. What is the full form of IMF?
1. International Monetary Fund
2. Indian Monetary Fund
3. Inflation Management Fund
4. International Management Funds
5. Indian Management Funds
Answer: (1) International Monetary Fund
Q 3. Which public sector bank among the following has the largest number of foreign branches?
1. State Bank of India
2. Bank of Baroda
3. Andhra Bank
4. Bank of India
5. 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?
1. Repo Rate
2. Bank Rate
3. Savings Bank Rate
4. All of the Above
5. None of the Above
Answer: (4) All of the Above
Q 5. Where is the headquarters of the Asian Development Bank?
1. China
2. Philippines
3. India
4. Indonesia
5. Vietnam
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
1. Cash Reserve Ratio
2. Marginal Standing Facility
3. Statutory Liquidity Ratio
4. Liquidity adjustment facility
5. None of the Above
Answer: (3) Statutory Liquidity Ratio
Q 7. Who was the first Indian Governor of RBI?
1. Sir Bengal Rama Rau
2. L.K. Jha
3. N.C. Sen Gupta
4. Sir C.D. Deshmukh
5. H.V.R Iyengar
Answer: (4) Sir C.D. Deshmukh
Q 8. What does ‘M’ stand for in MDR?
1. Money
2. Mobile
3. Merchant
4. Members
5. Mutual
Answer: (3) Merchant
Q 9. The fund transfers through the NEFT system occurs in how many batches?
1. 7
2. 20
3. 18
4. 23
5. 24
Answer: (4) 23
Q 10. Where is the headquarters of Jana Small Finance Bank located?
1. Kolkata
2. Mumbai
3. Bengaluru
4. Chandigarh
5. Chennai
Answer: (3) Bengaluru
Related Links:
Bank Clerk IBPS Notification SBI Recruitment
Government Exam After Class 12th SSC Exams RBI Recruitment
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 daily
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.