Banking Awareness for IBPS PO Exam (Mains stage) is crucial for a candidate’s overall score in the paper. A lot of times, candidates compensate the marks lost in English and Quantitative Aptitude section by scoring well in Banking awareness. In the Mains exam, banking Awareness consists of 40 questions and 40 marks. The maximum time allotted for this section is 20 minutes. This means that a candidate will require the qualities of both accuracy and precision to crack this section.
In the current article, I will elaborate on the preparation methodology, important pointers, expected questions, recommended books and resources for the banking awareness section for IBPS PO examination 2017.
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Banking Awareness for IBPS PO 2017: Overview
|Sectional Cut off||Yes|
|Negative Marking||Yes (o.25 marks)|
What is Banking Awareness ?
|Banking Awareness essentially means having an overall knowledge about the banking and financial system. Also, the basics of Indian economy ought to be known.|
IBPS PO Banking Awareness Section: Preparation Methodology
The fact that you will be appearing for IBPS PO exam makes it obvious that general awareness should be an important component of your Banking awareness preparation. The static as well as the dynamic aspects should be taken into consideration. Current affairs related to economy, banking and finance should be on your priority list. All the ongoing updates from the world should also be duly noted.
Current affairs are an extremely crucial part of your IBPS PO banking awareness preparation. You are expected to stay aware about the important national and international events that are in news. Right from the recently passed GST Bill to the upcoming SpaceX mission should be on you finger tips. Right from the functions of the Niti Ayog to the overview of the Union Budget should be prepared by you.
|PREVIOUS YEAR PAPERS
Go through last year’s questions just to make sure that you’re preparation is at the same page as the expectations of the examiner. Going through questions will familiarize you with the nature and type of questions asked. Don’t expect that questions will be repeated but the the concept can be asked again.
|NEWSPAPERS & MAGAZINES
Invest time daily in reading a good newspaper (online or offline). Jot down important news points pertaining to the IBPS PO banking Awareness syllabus and keep these handy in a note book. They will be very helpful for revision. Additionally, you can refer to a good magazine like EPW for helping you score better as well as for your PI preparation.
Your preparation will not be considered complete unless you give it at least 2 rounds of revision. Your hand written notes or e-notes should be useful here. Those who study randomly will be at a disadvantage. So, it is recommended that you make notes.
IBPS PO Banking Awareness: Recommended Books & Resources
|General Awareness Books: India Year Book|
|GK Books: Manorma Year Book, Lucent|
|Banking Awareness Books: Arihant, Disha Publications|
|Newspapers: The Hindu, Economic Times|
|Magazines : EPW, Business Standard|
IBPS PO Banking Awareness: Important Topics to Prepare
|Reserve Bank of India|
|State Bank of India Merger|
|Monetary Policy of India|
|Pradhan Mantri Jan Dhan Yojana (PMJDY)|
|Pradhan Mantri MUDRA Yojana (PMMY)|
|Non-Performing Assets (NPAs)|
|Statutory liquidity ratio|
|Cash Reserve Ratio|
|Regional Rural Bank|
|International Monetary Fund|
|World Economic Forum|
|Ganga Swachhta Sankalp Divas|
|Motor Vehicles Amendment Bill|
|US Presidential Elections|
|Start Up India|
|Mudra Bank Yojana|
|Atal Pension Scheme|
|Make in India|
|Foreign Institutional Investors (FII)|
|Foreign Direct Investment (FDI)|
|Buddy App by SBI|
|BHIM App by Government of India|
|Bear market and Bull Market|
|Headquarters of Banks|
|Taglines of Banks|
Banking Awareness: Taglines of Important Banks
|Allahabad Bank||A Tradition of Trust|
|Axis Bank||Badhti Ka naam Zindagi|
|Bank of Baroda||India’s International Bank|
|Bank of India||Relationship beyond banking|
|Bank of Maharashtra||One family one bank|
|Canara Bank||Together We Can|
|Central Bank of India||Central To you Since 1911|
|CITI Bank||Lets Get it Done|
|Dena Bank||Trusted Family Bank|
|ECGC Bank||You focus on exports. We cover the risks|
|HDFC Bank||We understand your world|
|HSBC Bank||World’s Local Bank|
|ICICI Bank||Hum Hai Na, Khyal Apka|
|IDBI Bank||Banking For All, “Aao Sochein Bada|
|Indian Bank||Your Tech- Friendly Bank|
|Indian Overseas Bank||Good people to grow with|
|J & K Bank||Serving to Empower|
|Karur Vysya Bank||Smart Way to Bank|
|Kotak Mahindra Bank||Let’s Make Money Simple|
|Lakshmi Vilas Bank||The changing face of prosperity|
|Punjab National Bank||The name you can bank upon|
|Punjab & Sind Bank||Where service is a way of life|
|Oriental Bank of Commerce||Where every individual is committed|
|State Bank of India||With you all the way. Pure Banking Nothing Else. The Nation’s banks on us|
|Union Bank of India||Good People to Bank with|
Banking Awareness: Headquarters of Important Banks
|Bank of Baroda||Vadodara|
|Bank of India||Mumbai|
|Bank of Maharashtra||Pune|
|Central Bank of India||Mumbai|
|CITI Bank||New York|
|Indian Overseas Bank||Chennai|
|J & K Bank||Srinagar|
|Karur Vysya Bank||Karur|
|Kotak Mahindra Bank||Mumbai|
|Lakshmi Vilas Bank||Karur|
|Punjab National Bank||New Delhi|
|Punjab & Sind Bank||New Delhi|
|Oriental Bank of Commerce||New Delhi|
|State Bank of India||Mumbai|
|Union Bank of India||Mumbai|
Banking Awareness: Sample Quiz for Aspirants
Banking Awareness: Complete Glossary of Terms PDF
|DOWNLOAD PDF FOR COMPLETE GLOSSARY ON BANKING TERMS|
FAQ’s on Banking Awareness
|Q1. Is Banking Awareness a scoring section ?
Ans 1. Banking Awareness is an extremely scoring section.
|Q2. What is the component of current affairs in banking awareness?
Ans 2. More than 50%
|Q3. Is world economy important for banking awareness ?
Ans 3. Yes. At lest the basics.
|Q4. How essential is the static aspect of banking awareness.
Ans 4. Moderately essential.
|Q5. Is banking awareness synonymous to general awareness ?
Ans 5. No. Banking awareness is a part of GA.