Examius

🇮🇳 SBI Clerk · subject

SBI Clerk General/Financial Awareness Syllabus

The General/Financial Awareness syllabus for SBI Clerk in full: 4 chapters and 13 topics, every one listed below, plus 50 General/Financial Awareness flashcards with answers.

4Chapters
13Topics
50Flashcards

General/Financial Awareness syllabus: all 4 chapters

Expand any chapter to see its topics and sub-topics.

  1. Current Affairs

     4 topics
    • National News
    • International News
    • Sports
    • Awards and Honours

  2. Banking Awareness

     3 topics
    • Banking Terms
    • Banking Abbreviations
    • Banking History

  3. Financial Awareness

     3 topics
    • Budget and Economic Survey
    • Financial Institutions
    • Monetary Policies

  4. Static GK

     3 topics
    • Country Capitals and Currencies
    • Important Days
    • Books and Authors

SBI Clerk General/Financial Awareness flashcards — 50 questions with answers

  1. Banking Abbreviation: What does NEFT stand for, and how does its settlement mechanism work today?

    National Electronic Funds Transfer. It settles transactions on a continuous, near real-time basis in batches (24x7x365 since Dec 2019), with no minimum or maximum transfer limit set by the RBI.

  2. Banking Terms: What is the difference between RTGS and NEFT?

    RTGS (Real Time Gross Settlement) settles each transaction individually and instantly with a minimum of Rs 2 lakh and no upper limit; NEFT settles in batches with no minimum amount. Both are now available 24x7.

  3. Banking Abbreviation: What is IMPS and which body operates it?

    Immediate Payment Service, an instant 24x7 interbank funds transfer service operated by NPCI (National Payments Corporation of India).

  4. Banking Term: What is the MICR code and how many digits does it have?

    Magnetic Ink Character Recognition code, a 9-digit code printed on cheques to identify the bank and branch; the first 3 digits denote the city, the next 3 the bank, and the last 3 the branch.

  5. Banking Term: What does the IFSC consist of, and how many characters is it?

    Indian Financial System Code, an 11-character alphanumeric code: the first 4 letters identify the bank, the 5th is always 0 (reserved), and the last 6 characters identify the branch.

  6. Banking Abbreviation: What do KYC and AML stand for in banking compliance?

    KYC = Know Your Customer (verifying customer identity and address); AML = Anti-Money Laundering (measures to prevent illegal generation of income through banking channels).

  7. Banking Term: What is a NOSTRO account versus a VOSTRO account?

    A Nostro account is one a domestic bank holds in a foreign bank in foreign currency ('our account with you'); a Vostro account is one a foreign bank holds with a domestic bank in domestic currency ('your account with us').

  8. Banking Term: What is the Bank Rate, and how does it differ from the Repo Rate?

    The Bank Rate is the rate at which the RBI lends long-term funds to banks without collateral/securities; the Repo Rate is for short-term lending against government securities. The Bank Rate is aligned with the MSF rate.

  9. Monetary Policy: What is Open Market Operations (OMO)?

    The buying and selling of government securities by the RBI in the open market to control money supply and liquidity in the economy; buying injects liquidity, selling absorbs it.

  10. Monetary Policy: What is the LAF (Liquidity Adjustment Facility) and its two components?

    A monetary policy tool allowing banks to borrow money through repo or park funds through reverse repo. Its components are the Repo Rate (injecting liquidity) and the Reverse Repo / SDF (absorbing liquidity).

  11. Monetary Policy: What is the SDF (Standing Deposit Facility) introduced in 2022?

    A tool allowing the RBI to absorb surplus liquidity from banks without giving government securities as collateral; it now forms the floor of the LAF corridor, replacing the fixed reverse repo as the operative floor.

  12. Banking History: When and where was the first State Bank of India predecessor 'Bank of Calcutta' established, and what was it later renamed?

    The Bank of Calcutta was established in 1806; it was renamed the Bank of Bengal in 1809. It later merged with the Bank of Bombay and Bank of Madras in 1921 to form the Imperial Bank of India.

  13. Banking History: When was the State Bank of India (SBI) formed and from which institution?

    SBI was formed on 1 July 1955 by nationalising the Imperial Bank of India, following a recommendation of the All-India Rural Credit Survey Committee.

  14. Banking History: When was NABARD established and on whose recommendation?

    NABARD was established on 12 July 1982 on the recommendation of the Shivaraman Committee, to be the apex body for agriculture and rural development financing.

  15. Banking History: Which was the first bank in India established with limited liability and fully managed by Indians, and in which year?

    The Oudh Commercial Bank, established in 1881, was the first limited-liability bank managed by Indians; however, Punjab National Bank (1894) was the first bank purely with Indian capital that has survived.

  16. Banking History: Which was the first Indian bank to be set up purely with Indian capital and management that still operates today?

    Punjab National Bank (PNB), established in 1894 in Lahore, was the first bank started solely with Indian capital and management that is still in operation.

  17. Financial Institutions: What is the role of the EXIM Bank of India?

    The Export-Import Bank of India (established 1982) is the apex financial institution that finances, facilitates and promotes India's foreign trade (exports and imports).

  18. Financial Institutions: What does NHB regulate, and who is its parent now?

    The National Housing Bank (established 1988) is the apex institution for housing finance and regulates housing finance companies; its regulatory powers over HFCs were transferred to the RBI in 2019, while NHB remains a refinancing body.

  19. Financial Institutions: What is DICGC and what is the current deposit insurance cover per depositor per bank?

    Deposit Insurance and Credit Guarantee Corporation, a subsidiary of the RBI. It insures bank deposits up to Rs 5 lakh per depositor per bank (raised from Rs 1 lakh in February 2020).

  20. Financial Institutions: What is a Payments Bank and what is its maximum deposit limit per customer?

    A differentiated bank that accepts deposits and offers remittances but cannot lend or issue credit cards; it can accept a maximum deposit of Rs 2 lakh per individual customer (raised from Rs 1 lakh in 2021).

Show the other 30 General/Financial Awareness flashcards

  1. Financial Institutions: What is the difference between a Small Finance Bank and a Payments Bank?

    A Small Finance Bank can both accept deposits and lend (focusing on small/priority sector borrowers); a Payments Bank can only accept limited deposits and offer payment/remittance services but cannot lend.

  2. Budget: What are the three types of deficit defined in the Union Budget?

    Fiscal Deficit (total expenditure minus total receipts excluding borrowings), Revenue Deficit (revenue expenditure minus revenue receipts), and Primary Deficit (fiscal deficit minus interest payments).

  3. Budget: What is the formula for Fiscal Deficit?

    Fiscal Deficit = Total Expenditure - Total Receipts (excluding borrowings). It represents the total borrowing requirement of the government.

  4. Budget: What is the formula for Primary Deficit?

    Primary Deficit = Fiscal Deficit - Interest Payments. It shows the deficit excluding the burden of past borrowings.

  5. Budget: Under which article of the Constitution is the Union Budget (Annual Financial Statement) presented?

    The Union Budget is presented under Article 112 of the Constitution of India, which calls it the 'Annual Financial Statement'.

  6. Economic Survey: What is the Economic Survey, who prepares it, and when is it presented?

    An annual document reviewing the economy's performance prepared by the Department of Economic Affairs (Ministry of Finance) under the Chief Economic Adviser; it is tabled in Parliament a day before the Union Budget.

  7. Budget: What FRBM target does the government aim for regarding the fiscal deficit, and what does FRBM stand for?

    FRBM = Fiscal Responsibility and Budget Management Act, 2003. It was enacted to institutionalise fiscal discipline; it targets reducing the fiscal deficit to sustainable levels (originally 3% of GDP).

  8. Budget: What is the difference between Revenue Expenditure and Capital Expenditure?

    Revenue Expenditure does not create assets or reduce liabilities (e.g., salaries, interest, subsidies); Capital Expenditure creates assets or reduces liabilities (e.g., building roads, buying machinery, loan repayment).

  9. Country Capitals and Currencies: What are the capital and currency of Japan?

    Capital: Tokyo; Currency: Japanese Yen.

  10. Country Capitals and Currencies: What are the capital and currency of Switzerland?

    Capital: Bern; Currency: Swiss Franc.

  11. Country Capitals and Currencies: What are the capital and currency of Bangladesh?

    Capital: Dhaka; Currency: Bangladeshi Taka.

  12. Country Capitals and Currencies: What are the capital and currency of South Africa (legislative/judicial/executive seats)?

    Currency: South African Rand. It has three capitals: Pretoria (executive), Cape Town (legislative), and Bloemfontein (judicial).

  13. Country Capitals and Currencies: What are the capital and currency of Saudi Arabia?

    Capital: Riyadh; Currency: Saudi Riyal.

  14. Country Capitals and Currencies: What are the capital and currency of Russia?

    Capital: Moscow; Currency: Russian Ruble (Rouble).

  15. Important Days: On what date is World Savings Day / World Thrift Day observed, relevant to banking?

    World Savings Day (World Thrift Day) is observed on 31 October to promote the importance of saving money.

  16. Important Days: On what date is International Day of Banks observed by the UN?

    The International Day of Banks is observed on 4 December, recognising the role of banks and multilateral development banks in financing sustainable development.

  17. Important Days: On what date is World Consumer Rights Day observed?

    World Consumer Rights Day is observed on 15 March.

  18. Important Days: On what date is World Health Day observed and by which organisation?

    World Health Day is observed on 7 April, marking the founding of the World Health Organization (WHO) in 1948.

  19. Important Days: On what date is International Yoga Day observed?

    International Day of Yoga is observed on 21 June, first celebrated in 2015 after a proposal by India at the UN.

  20. Important Days: On what date is National Statistics Day observed in India and in whose honour?

    National Statistics Day is observed on 29 June in honour of Prof. P. C. Mahalanobis, the founder of the Indian Statistical Institute.

  21. Books and Authors: Who wrote the influential economics book 'The Wealth of Nations'?

    Adam Smith, the 'Father of Economics', published 'The Wealth of Nations' in 1776.

  22. Books and Authors: Who authored 'The General Theory of Employment, Interest and Money'?

    John Maynard Keynes, the founder of Keynesian economics, published it in 1936.

  23. Books and Authors: Who wrote the autobiography 'Wings of Fire'?

    Dr. A. P. J. Abdul Kalam (co-authored with Arun Tiwari).

  24. Books and Authors: Who authored 'The Argumentative Indian' and won the Nobel Prize in Economics in 1998?

    Amartya Sen, who won the 1998 Nobel Memorial Prize in Economic Sciences for his work on welfare economics.

  25. Awards and Honours: What are India's highest civilian award and highest gallantry (military) award in peacetime, respectively?

    The Bharat Ratna is the highest civilian award; the Param Vir Chakra (wartime) and Ashoka Chakra (peacetime) are the highest gallantry awards.

  26. Awards and Honours: What is the order of precedence of the four Indian civilian awards?

    Bharat Ratna, followed by Padma Vibhushan, Padma Bhushan, and Padma Shri (in descending order).

  27. Awards and Honours: What is the highest award in the field of literature in India, and who confers it?

    The Jnanpith Award (Gyanpith) is the highest literary honour in India, conferred by the Bharatiya Jnanpith for outstanding contribution to Indian literature.

  28. Sports: How many players are on the field per team in cricket, hockey, and kabaddi, respectively?

    Cricket: 11 players; Field Hockey: 11 players; Kabaddi: 7 players per team on the field.

  29. Sports: With which sports are the terms 'Bunker', 'Birdie', and 'Eagle' associated?

    All three terms are associated with Golf ('Bunker' is a sand hazard; 'Birdie' is one under par; 'Eagle' is two under par).

  30. Sports: The Durand Cup, Santosh Trophy, and Ranji Trophy are associated with which Indian sports?

    Durand Cup - Football; Santosh Trophy - Football; Ranji Trophy - Cricket (domestic first-class).

SBI Clerk General/Financial Awareness FAQ

What is in the SBI Clerk General/Financial Awareness syllabus?

SBI Clerk General/Financial Awareness is split into 4 chapters: Current Affairs, Banking Awareness, Financial Awareness and Static GK. Together they contain 13 topics.

How many chapters are in SBI Clerk General/Financial Awareness?

4 chapters, containing 13 topics. The largest chapter is Current Affairs, with 4 topics.

Are there flashcards for SBI Clerk General/Financial Awareness?

Yes — a 50-card General/Financial Awareness deck, printed in full in the flashcards section of this page and available in the Examius app with spaced repetition. The free plan covers one exam of your choice, including its flashcards; Examius Pro, a one-time purchase, unlocks every other exam and deck.