Banking Awareness Notes in Hindi PDF – IBPS PO & Clerk Mains Banking GK

Banking Awareness Notes in Hindi – It has previous year asked Banking Awareness (GK) Questions in Hindi. Banking GK is important for IBPS PO & Clerk Mains exam 2016.  These banking awareness questions were taken from previous year bank exams i.e. IBPS PO & Clerk, RRB Officer Scale & Office Assistant, SBI PO & Clerk.

Sometimes in the insurance examinations, banking awareness become the main topic and almost cover general knowledge section.  SMC Education is providing important banking awareness notes in both formats text and video. The text format of banking GK questions is published on this page and video available on YouTube. Therefore to watch SMC Education banking awareness and other bank exam related study material, you should go on YouTube.

Banking Awareness IBPS PO & Clerk Mains Notes in Hindi Part 02

This topic is only asked in bank mains examination. It is complete static topic hence you no need to update your date. Prepare only once for all bank and insurance exam. Before any exam just revise these questions and definitely you will get 5 to 6 marks in General Knowledge section from here.

Download Banking GK Part 02 PDF banking-awareness-part-02

Banking Awareness in Hindi Part 02 SMC Education
Banking Awareness in Hindi Part 02 SMC Education

What is the initial capital of payment bank ? – 100 cr

    • Committee – Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households,
    • Head -Nachiket Mor {currently India Country Director for Bill and Melinda Gates Foundation & Member of RBI}
    • Can’t Issue – Loan, Credit Card
    • Can issue -ATM cards, debit cards online banking and mobile banking.
    • Note – The banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949 and will be registered as public limited company under the Companies Act, 2013
    • Number of Payment Banks – 11 out of 41 Applicant
      • Aditya Birla Nuvo
      • Airtel M Commerce Services
      • Cholamandalam Distribution Services
      • Department of Posts
      • FINO PayTech
      • National Securities Depository
      • Reliance Industries
      • Dilip Shanghvi, Sun Pharmaceuticals
      • Vijay Shekhar Sharma, Paytm
      • Tech Mahindra
      • Vodafone M-Pesa

What is the full form of QIP ? – Qualified Institutional Placement is a capital-raising tool, Introduced by – SEBI

  • BSBDA max investment in one year – 1 lakh
    • No Frills Account – Zero Balance
    • 4 Withdrawal including ATM
    • AC Limit Does Not Exceed RS 1 Lac per Year
    • AC Limit Does Not Exceed RS 50, 000 at any point in time
    • All withdrawal & transitions do not exceed 10,000 per month
  • financial inclusion scheme- Jan Dhan yojana
    • Jan Dhan Yojana –
    • Zero Balance A/C
    • 30,000 Insurance by LIC
    • 5000 Overdraft facility after 6 month
  • SIDIB full form {Small Industries Development Bank of India}
    • Headquarter – Lucknow
    • Chairman and Managing Director -Dr. Kshatrapati Shivaji
  • EPS Min Pension- 1000/ month {Employees’ Pension Scheme}
  • BBPS Full form – Bharat Bill Payment System
    • the integrated bill payment system
    • To pay the light bill, phone bill, piped-gas bill, DTH, school fees & other utility bills.
    • Committee – RBI Executive Director G. Padmanabhan
    • Body – NPCI (National Payment Corporation of India)
    • Card – RuPay
  • TARC Committee head ?…. Parthasarathi Shome
    • Tax Administration Reform Commission
    • to review the application of tax policies and tax laws in India in the context of global best practices, and to recommend measures for reforms required in tax administration
  • PLR is also known as – Base Rate
    • BPLR : Benchmark Prime Lending Rate {after 2010  base rate}
  • Commodity market regulator – Forward Markets Commission {FMC}
      • Headquarters  Mumbai,
      • Shri Ramesh Abhishek (Chairman)
  • One question related to RTGS… which one is true about RTGS
    • Real-time gross settlement
    • Minimum Limit – 2 Lakh
  • Maximum limit money transfer in Nepal via NEFT – RS 50000/-

   CTS full form…… Cheque Truncation System

Magnetic ink character recognition code (MICR Code)

Image-based Clearing System (ICS)

  • CTS -Cheque Truncation System
    CTS -Cheque Truncation System

    which bank is the first in the country to introduce EMI on debit cards …. ICICI

  • What is the full form of NPA ? – NonPerforming Assets {90 Days}
  • What is the full form of BC? -Business Correspondent
  • Who is the lender of last resort for banks in India ? – RBI
    • to preserve the stability of the banking and financial system
  • What is the Duration of PPF account ? – 15 years
    • Minimum -500, Maximum – 1.5lac per financial year
    • it can be extended for 1 or more blocks of 5 years each
    • current rate of interest on a PPF account is fixed at 8.1% p.a
  • What is the full form of KYC? – Know Your Customer
  • What is Amortization ? – The paying off of debt with a fixed repayment schedule in regular installments over a period of time.
  • What is the limit of free ATM transaction under PMJDY ? – 4
  • What is the Base year for the new consumer price index? – 2010
  • KYC norms implemented under  – Banking Regulation Act, 1949

KCC (Kisan Credit Card) Banking GK

  • Kisan credit card validity – 5 years
    • Committee – Shyamala Gopinath
    • Act -Government Savings Certificates Act 1959
    • Who can invest – An adult in his own name, or on behalf of a minor, A Trust or Two adults jointly
    • Amount – Minimum 1000, No upper Limit (denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000)
    • Interest Rate – 8.7%
    • Maturity Period – 30 Months (2 Years 6 Months)
    • Amount Doubled in 100 Months (8 Years 4 Months)
    • April 1988 – 2011, November 2014
  • Full form of FEMA – Foreign Exchange Management Act
  • Full form of LTV – Loan To Value
      • Ratio = Loan Amount/Asset Price {Car, House}
      • Haircut- It is the difference between the market value of an asset used as loan collateral and the amount of the loan
  • Cheque is defined under which act – Negotiable Instruments act,1881
  • Monetary policy regulated by – RBI
  • Full form of IPO – Initial Public Offering
    • Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company usually are sold to institutional investors that in turn, sell to the general public, on a securities exchange, for the first time.
    • Through this process, a privately held company transforms into a public company.
  •   Full form of NAV – Net Asset Value
  • Banking ombudsman appointed  by – RBI
  • Full form of NBFC – Non-Banking Finance Company
  •     What is the new name of MCX ? – Metropolitan Stock Exchange of India Ltd’, abbreviated as ‘mSXI’
  • IRDA headquarter? – Hyderabad
  • Insurance regulator in India? – IRDA
      • Chairman, IRDA T.S. Vijayan

Full form of IFSC- Indian Financial System code

alphanumeric code that facilitates electronic funds transfer in India

Real Time Gross Settlement (RTGS) & National Electronic Fund Transfer (NEFT)

11 Digit = 4 Digit bank Code + 0+ 6 digit Branch Code, Example – SBBJ 0 010058  {SBBJ Laxmangarh Sikar Rajasthan}

  • Who can issue commercial paper- Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs)
    • Commercial paper, in the global financial market, is an unsecured promissory note with a fixed maturity of no more than 270 days
  • Share of state government in RRB – 15%
    • Central Government-50%, State Government- 15% and Sponsor Banks- 35
    • Narsimham Committee
  • Rupay card developed by? – NPCI
  • First, three-digit in MICR represents- City
  •  Full form of GST- Goods and service Tax
    • The taxes which will be subsumed into GST include central excise duty, services tax, additional customs duty, surcharges and state-level value added tax
  • RIDF, NRLM, PIO full form –
    • RIDF-RURAL INFRASTRUCTURE DEVELOPMENT FUND,
    • NRLM-NATIONAL RURAL LIVELIHOOD MISSION,
    • PIO-PERSON OF INDIAN ORIGIN
  • RBI announces STAR SERIES notes recently. What is it?
RBI Star Series Note Explationation
RBI Star Series Note Explationation
  • Max life insurance tie up with? – Axis bank
  • NPS-NATIONAL PENSION SCHEME
  • HDFC Erdo-General Insurance Company –
  • Hum Hain na tagline – ICICI Bank
  • Prathama bank on which place – up Moradabad
  • Bajpai committee is related with- New Pension System
  • SBI MINOR ACC for children above 10 years is ? – Pehli Udan

Which bank has the largest number of mobile application user ? – SBI

  • What is universal Banking – A banking system in which banks provide a wide variety of financial services, including both commercial and investment services.
  • Committee to examine the current monetary policy- Urjit Patel Committee
  • Which insurance company has the tagline ‘Aapke Sachche Advisor’- Max Life Insurance
  • What ‘E’ denotes in NRE?- External (Non-Resident External)
  • Who headed the panel that recommended diluting govt. share in public sector banks to below 50% – P J Naik
  • SBI launched multi-currency card in association with – Mastercard
  • On a certain angle, the security thread on a rupee note changes to – Blue
Check List to identify Real Indian RS 1000 Note
Check List to identify Real Indian RS 1000 Note
  • HDFC Standard Life is a – Life Insurance Company
  • One Question on SARFAESI Act?
      • The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the Sarfaesi Act) is an Indian law .It allows banks and other financial institution to auction residential or commercial properties to recover loans.

Banking Awareness Video {SMC Education}

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