Some Important points of Banking Awareness for IBPS exams

Some Important points of Banking Awareness
Banking Industry as a part of General Awareness section has been
recently added for bank exam. It emphasizes on applicants' knowledge
of current affairs with special reference to banking industry. This is
very important for upcoming for candidates who aspire to be a bank
Personnel.


1. GDP – Gross Domestic Product.
2. NBFC – Non banking finance company.
3. Bear and Bulls related to – Stock Market.
4. SDR (Special Drawing Rights) issued by – IMF.
5. Chairman of 13th finance commission – Vijay Kelkar.
6. Financial Inclusion (वित्तीय समावेशन)-- Banking services to rural
people termed.
7. The details of the companies financial position in the annual
report of a company is known as – balance sheet.
8. Insurance companies regulate in India – IRDA (Insurance Regulatory
Development Authority).
9. The financial body which frames Monetary and Financial policy in India – RBI.
10. RBI says Rupee Over valued, what it means -- The rupee has lost
only against the dollar but appreciated against other currencies.
11. Which committee recommended the hike of petrol and diesel prices –
Kirit Parekh Committee.
12. For preventing frauds and counterfeiting in a bank, RBI has
proposed a scheme called – Know Your Customer (KYC).
13. Organization deals with Fertilizer industry – IFFCO (Indian
Farmers Fertiliser Cooperative Limited).
14. FCCB stand for - Foreign Currency Convertible Bond.
15. MAT stand for – Minimum Alternate Tax.
16. Monetary Policy include - CRR and SLR.
17. SME – Small and Medium Enterprises.
18. Foreign exchanges are done in – US Dollars.
19. Home loans are given to – Individuals.
20. SME loans are given to – ALL Small Scale Industries(SSI).
21. FCRA – Foreign Contribution Regulation Act.
22. APEC – Asia Pacific Economic Cooperation.
23. NPA – Non Performing assets
24. Basel II norms – Maintaining Capital Adequate ratio
25. POS – Point of sale
26. ECS – Electronic Clearing system
27. The exchange of goods between the two or more countries is known
as - FTA(Free Trade Agreement).
28. RBI has kept Emergency Fund facility for which of the following
banks –Urban Co-operative banks
29. Full form of TPF– Trade policy Forum.
30. Credit Rating agency in India – CRISIL
31. Stocks and bonds are trade – Capital Market
32. Service Tax is Shared by – Central Government.
33. FTA released by – Ministry of Commerce & Industry
34. Reverse Mortgage scheme is related to – For Senior Citizens
35. First to start Mutual Fund trading on BSE – UTI Mutual Fund.
36. IIP (Index of Industrial Production) was released by – Central
Statistical Organization (CSO).
37. World Investment Report released by – UNCTAD.
38. NCDEX (National Commodity and Derivatives Exchange) commodity
stock exchange is headquartered—Mumbai
39. NABARD(National Bank for Agriculture and rural development bank )
is headquartered – Mumbani
40. ADB (Asian Development Bank ) is headquartered – Manila
41. POS -- Point of Scale
42. VAT stands for -- Value Added Tax
43. GST : Good and Service Tax.
44. Who issue & regulate currency -- RBI
45. NEFT full form -- National Electronic Fund Transfer.
46. Full form of LLP – Limited Liability Partnership.
47. Max limit for RTGS (Real Time Gross Settlement) - No limit.
48. Which bank can accept deposit -- commercial bank
49. Insurance services given by banks are called – Bancassurance.
50. Bank are connected to all banking network -- Core Banking Solution.
51. Financial inclusion is -- Banking facilities to all of them whom
not has provided as yet.
52. Who has maximum share in nationalized Bank -- Govt of India.
53. Demat account use for -- for shares trading in electronic form.
54. RTGS minimum threshold limit recently raised to – 2 lac
55. Govt. sharehold in public sector banks cant be below –51%
56. How many villages are to be covered in next 5yrs under Financial
inclusion --73,000.
57. NEFT system uses which codes -- IFS Codes.
58. KYC procedure requires -- ID & address proof of the customer
59. Self Help groups means -- Self-Help Groups are prime platform for
social mobilization of women and creating awareness about legal and
political rights.
60. Reverse mortgage loan -- Finance given to senior citizens against
residential houses/flats.
61. Fastest inter bank transfer is by -- RTGS.
62. ASBA -- Application Supported by Blocked Amount.
63. SLR -- The minimum reserves each bank must hold to customer
deposits and notes.
64. FINO -- Financial Inclusion Network and Operations.
65. Deepak Mohanti committee is related to -- Base rate.
66. The Govt. And the Rbi had set a target to cover 73000 villages
having population in excess of 2000 to provide access to banking
services, by march2012. Scheme name is -- SWABHIMAN
67. C.A.G. -- Comptroller and Auditor General
68. Rights issue mean -- Sale of securities to existing share holders
69. Secondary Market regulated by – SEBI
70. Expand NOHC -- Non-Operative Holding Company
71. World's largest bank by profit – ICBC (Insurance Corporation of
British Columbia)
72. CDSL means -- Central Depository Services Limited
73. NSDL means -- National Securities Depository Limited
74. ETF stands for -- Exchange Traded Fund
75. Core banking means – Connectivity of branches, ATM and online
systems of all branches.
76. The Foreign Exchange Reserve of India are kept in the custody of
-- Reserve Bank of India.
77. Plastic money -- Credit Card, Debit Card
78. PPP means : purchasing power parity.
79. N.A.V. – Net Assets Value.
80. Controlling & regulate Share market : SEBI (Security Exchange
Board of India).