General Awareness With Special Reference To Banking Industry

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One of the very important topics in all the exams of IBPS (Clerks / PO / Specialist Officers) is General Awareness with special reference to Banking Industry. As the dates of these exams are approaching fast, it is high time for the candidates to make themselves well aquainted with these topics. Moreover, it is a must for the candidates to pass in each section individually, so every part is important for a good score-card at the end of the day.

To make a note of the fact that Banking Awareness is totally different from General Awareness, we are herewith providing some topics which can be potentially good enough for the preparation of Banking Awareness for IBPS Exams.

  1. Monetary Policy – Read more about monetary policies, fiscal policiesexim policies, NEFT, RTGS, CRR, SLR, Repo Rate, Reverse Repo Rate, Bank Rate etc.
  2. National Policies – Read about Central Development Policies like Swarojgari Yojanas, Mahatma Gandhi Rojgar Yojana etc.
  3. Banking Terms and Financial Terminology – Try to get atleast the abbreviations of various important banking & financial terminologies.
  4. Technological Updates in the Banking Industry – Try to gain some knowledge about major changes in recent banking technologies. 

As part of your preparation for banking awareness for IBPS exams, it is recommended to keep an eye on the latest happenings and read a daily newspaper to update yourself with the latest news (banking as well as general happenings). It has been observed that in IBPS exams, questions are never on traditional GK (History, Geography etc.) but specially on the current happenings in general related to current economical updates and also in banking domain.

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