IBPS Exam Banking Awareness Topics

Give me information about important topics for Banking Awareness subject of IBPS clerk grade examination ?

[Arun Vats]

Here I am giving information about important topics for Banking Awareness subject of IBPS clerk grade examination below :

General Awareness
Fourth section for IBPS common test is General Awareness.
These questions are not based on any specific study but related to current affairs.

Definition of the current affairs is recent activity of India, and its neighbor countries like as sports, constitution, politics, history, banking, culture, geography, economy, techniques and Finance.

Important topics in general awareness

Banking Awareness-17 marks

Candidate must have the knowledge in banking domain ,having the more weightage in general awareness.As applying for the banking domain jobs ,the candidate must have the knowledge about the bank like shareholders of public sector banks etc.

Economy-10 marks
economy includes like economy of the nationalized banks and economy of the banks.How much economy is generated from the foreign exchange will give the 10 marks.

Current Affairs-National issued-9 marks

Current Affairs-International issues-9 marks

Current affairs includes national and international issues about the country.This section is difficult compare to other section because we have to update our knowledge up to date by reading news paper and internet.but it is scoring part in general awareness section.

Sports-3 marks

Students can easily answer the question about the sports,they are very much interested on sports.They can get 3 marks very easily.They must update the knowledge with current news in national and international.

Literature-2 marks

Literature is very difficult topic for every one because each language is new to others.If we neglect also,we can get the good score because it weighs only 2 marks.

Total Number of questions-50

Total Marks-50

I am appearing in IBPS bank exam so please tell me the topics of Banking Awareness which is generally asked in the question paper?

[Quick Sam]

IBPS bank exam generally based on these Banking Awareness topics

Banking terms
Financial terms
RBI working and policies
SEBI, NHB and IRDA - Working and policies
Types of bank accounts
Functions of banks
Union budget 2014
Regulatory framework of banking industry
Basel norms
Facilities provided by banks
International finance
International financial institutions (IMF, World Bank etc)
Government scheme effecting banking industry
Investment channels
Mutual funds - Basics and structure
Banks in India - Their taglines, heads, headquarter and history

Banking Awareness Questions
1. An account holder draws a cheque on a?
(1) Banker of the Payee
(2) Banker of the Drawee
(3) Banker of the Drawer
(4) Banker of the Endorsee
(5) None of the above


2. The Bank should comply and intimate the compliance of Award to Ombudsman?
(1) Within Two Months
(2) Within 3 months
(3) Within one month
(4) Within one year
(5) None

3. Capital adequacy is worked out based on?
(1) Total demand and time liabilities
(2) Net demand and time assets
(3) Risk weighted assets
(4) Risk weighted liabilities
(5) None of the above

4. Statutory Liquidity Ratio (SLR) can be maintained in the following ways?
(1) Cash
(2) Gold
(3) Unencumbered approved securities
(4) All of these
(5) None of the above

5. What was the deposits criteria of 14 Banks nationalized on 19th July 1969?
(1) Rs.1000 Crore
(2) Rs. 500 Crore
(3) Rs. 100 Crore
(4) Rs. 50 Crore
(5) None of the above

6. What are the features of selective credit control?
(1) They distinguish between essential and non-essential uses of Bank credit
(2) Only non-essential uses are brought under the scope of Credit Bank controls
(3) They effect not only the lenders but also the borrowers
(4) All the above
(5) None of the above

7. Which of the following are the targets for different categories of priority sector?
(1) Overall target 40% of net Bank credit
(2) Agriculture loans (direct and indirect) 18%
(3) Priority sector target for foreign Banks is 32%
(4) All the above
(5) None of the above

8. Benefits in core Banking is ?
(1) Reliable centralized data recovery
(2) Data warehousing and data mining technologies
(3) Integrated customer centric services
(4) All the above
(5)None

9. Cheque truncation can be done by?
(1) Using MICR data
(2) Sending cheque by speed post
(3) Using image processing
(4) 1 & 3
(5) None of the above

10. Bank rate is decided by?
(1) Indian bank association
(2) Individual commercial bank
(3) Finance ministry
(4) Any one of the above can decide
(5) None of the above

11. What is nomination?
(1) A facility given to depositors by the Government
(2) It confers a right to the nominee to receive payment of a deposit after death of depositors
(3) It is a process of appointing legal heir by the depositors
(4) It is a part of will on behalf of a depositor
(5) None of the above

12. BFS- Board for Financial Supervision constituted in 1994 by RBI to undertake consolidated supervision of?
(1) Commercial Banks
(2) Financial Institutions
(3) Non Banking Finance Companies
(4) All the above
(5) None of the above

13. 'One Family one Bank' is the tagline of which Bank?
(1) Bank of India
(2) Indian Bank
(3) Bank of Maharashtra
(4) Union Bank of India
(5) None of the above

14. Research Institutions set up by Reserve Bank of India are?
(1) IDRBT (Institute for Development and Research in Ban- king Technology), Hyderabad
(2) IGIDR(Indira Gandhi Institute of Development Research), Mumbai
(3) NIBM (National Institute of Bank Management), Pune
(4) Only a & b
(5) All the above

15. Who is the Chairman of the Technical Committee formed to make a study on improvement in Mobile Banking:
(1) Bimal Jalan
(2) Rahuram Rajan
(3) B Sambamurthy
(4) Pulak Kumar Sinha
(5) None of the above


16. In “NEFT” E stands for –
(1) Election
(2) Email
(3) Enlisted
(4) Ecstasy
(5) Electronic

17. The Basic Savings Bank Deposit Account (BSBDA) issued by banks is offered to which of the following customers?
1) Farmers
2) Daily wage earners
3) Self Help Group members
4) Students
5) All the customers

18. What is the validity of “Kisan Credit Card”?
(1) 1 year
(2) 2 year
(3) 10 years
(4) 5 years
(5) 3 years

19. The Negotiable instrument is _____.
(1) Cheque
(2) Demand Draft
(3) Bill of Exchange
(4) All of the above
(5) Deposit Slip



20. The minimum paid up capital required for both small and payment banks is –
(1) Rs 500 Crore
(2) Rs 50 Crore
(3) Rs 100 crores
(4) Rs 200 Crore
(5) None of these