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If you’re a government job aspirant, you must be aware of the importance of the General Awareness section. It’s a section which can make your break chances of selection. And we’re not saying this. Countless successful aspirants have vouched by this fact in their success stories. General Awareness has 3 components: Static GK, Current Affairs and Banking Awareness. We have covered the preparation of Static GK and Current Affairs in different articles. In this article, we will be covering the preparation strategy of Banking/Financial Awareness. It is similar to Static GK in the sense that the answers of Banking Awareness questions generally don’t change.

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Strategy when answering Banking Awareness Questions

As we have already mentioned above that the answers to financial awareness questions don’t change and once you have memorized the answers to these questions, you can simply answer them. It all depends on how vastly you are able to cover the syllabus and how well do you retain the answers. Once you are inside the examination hall, you can answer these banking awareness questions quickly as either you would be knowing the answer or you wouldn’t be knowing the answer. Unlike reasoning and quantitative aptitude, you don’t have to do lengthy calculations. So, try to capitalize your time in this part of the GA section.

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Banking Awareness Syllabus

Going by the previous years’ paper of a number of banking & other government exams, we have compiled a list of topics from which the questions have been asked. There is a high probability that if you cover these topics, you will be able to answer a majority of questions in the forthcoming exams of SBI Clerk 2020 Mains, RBI Assistant 2020 Mains etc. Have a look at the below syllabus and get started with your preparation by picking 1 topic at a time.

Weekly Current Affairs- Download Free PDF

History of Banking in India Indian & International Finance System Banking terminologies Important Bank & Finance Acts and bills
Banking and Financial Reforms in India Banking and Financial Committees in India Currency Financial Institutions in India
Types of  Bank Accounts Financial Market in India Inflation Types of Mortgages
Types of Loans   Capital & Money Market Money Laundering & Anti-Money Laundering International Financial Institutions
Functions of Banks Credit & Debit cards Green Banking Financial Inclusion
Bank Credit Operations Types of Cheques and other financial instruments LIBOR & MIBOR Basics of Bond and their Types & Features
Foreign Banks in India SWIFT Codes for banks Reverse Mortgage Loan Mutual Funds
Fund Transfer Services Types of Foreign Accounts CIBIL Bombay Stock Exchange (BSE)
Structure of Banking Industry Bharatiya Reserve Bank Note Mudran Private Limited Cash Management Services National Stock Exchange (NSE)
Nationalised Banks Indian Financial System Banking Ombudsman Bancassurance
Non-Performing Assets (NPA)      

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There are a lot of topics to be covered in Financial Awareness and therefore revision plays a key role in its preparation. Keep revising the topics on a regular basis.

Banking/Financial Awareness- Download Free PDFs

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This is all from us in this article. We hope that the above list of PDFs will be helpful in your preparation for the upcoming exams. If you have any input/feedback for us, please do not hesitate in mentioning it in the comments section below.

 

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