Banking Awareness is one of the most important sections in competitive exams like IBPS PO, IBPS Clerk, SBI PO, SBI Clerk, RBI Grade B, NABARD, LIC AAO, and Insurance exams. This section tests a candidate’s understanding of the Indian banking system, RBI policies, financial institutions, banking products, payment systems, and current financial developments.
A strong command of banking awareness helps candidates score better marks in prelims, mains, descriptive papers, interviews, and group discussions. Questions are usually factual, concept-based, and highly scoring with proper revision and practice.
What is Banking Awareness?
“Banking awareness” refers to the knowledge of banking concepts, financial institutions, monetary policy, digital banking, and important government schemes related to the banking and financial sector. It includes topics such as RBI functions, types of banks, banking terms, inflation, money market, capital market, digital payments, and financial regulations. In simple words, banking awareness means understanding how the banking and financial system works in India.
Download Banking Awareness Complete Guide Free PDF
The Banking Awareness Complete Guide PDF includes important banking concepts, RBI tools, banking history, digital payment systems, inflation, capital market, money market, banking regulations, and practice MCQs for exam preparation.
Banking Awareness Free Quiz
Practice the following important Banking Awareness questions for SBI, IBPS, RBI, NABARD, SSC, and Insurance exams.
Q1. India’s first bank established in 1770 was:
Q2. RBI was established in:
Q3. Repo Rate is the rate at which:
Q4. CRR stands for:
Q5. Which institution regulates the Indian banking system?
Q6. Which payment system provides 24×7 real-time transfers?
Q7. UPI is operated by:
Q8. Basel Norms are related to:
Q9. Which account is maintained in foreign currency for NRIs?
Q10. Which organization supervises RRBs and cooperative banks?
Quiz Summary
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Q11. The validity of a cheque in India is:
Q12. Which act allows banks to recover bad loans without court intervention?
Q13. Which bank account offers zero-balance facility under financial inclusion?
Q14. AEPS is based on:
Q15. Which market deals in short-term financial instruments?
Q16. CPI is mainly used by RBI for:
Q17. Which banking institution supports MSMEs?
Q18. RTGS is mainly used for:
Q19. What does NPA stand for?
Q20. Digital Rupee is an example of:
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Key Topics Covered Under Banking Awareness
The banking awareness syllabus includes static banking concepts as well as current banking developments.
| Topic | Description |
| Banking History & Significance | Evolution and growth of banking in India. |
| RBI & Monetary Policy | Repo Rate, CRR, SLR, Bank Rate, MPC, etc. |
| Types of Banks | Commercial Banks, RRBs, Cooperative Banks, Payments Banks. |
| Banking Terms & Abbreviations | NPA, CASA, UPI, RTGS, IMPS, NEFT, etc. |
| Financial Institutions | NABARD, SIDBI, EXIM Bank, NHB, NaBFID. |
| Government Schemes | PMJDY, PMSBY, APY, PMJJBY, Mudra Yojana. |
| Digital Banking | UPI, AEPS, BBPS, FASTag, Digital Rupee. |
| Banking Regulations | RBI Act, Banking Regulation Act, SARFAESI Act. |
| Money & Capital Market | T-Bills, Bonds, IPO, Mutual Funds, Money Market instruments. |
| Inflation & Economy | CPI, WPI, Inflation, Deflation, Stagflation. |
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