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SBI PO General / Banking / Economy Awareness Flashcards
51 question-and-answer cards covering General / Banking / Economy Awareness as it is examined in SBI PO. 24 of them are printed below, taken from across the deck — no signup, no paywall on the preview.
24 sample cards from the General / Banking / Economy Awareness deck
Sampled from the end of the deck, so these are different cards from the ones shown on the syllabus page.
What is the Insolvency and Bankruptcy Code (IBC), 2016?
The IBC provides a time-bound (ideally 180-330 days) process for resolving insolvency of companies and individuals, administered through the NCLT, aiming to maximise asset value and resolve stressed assets.
What is PMJDY (Pradhan Mantri Jan Dhan Yojana) and when was it launched?
Launched on 28 August 2014, PMJDY is a financial inclusion scheme providing zero-balance bank accounts, RuPay debit cards, accident insurance, and overdraft facilities to the unbanked.
What are the three loan categories under PM MUDRA Yojana?
Shishu (loans up to Rs 50,000), Kishore (Rs 50,000 to Rs 5 lakh), and Tarun (Rs 5 lakh to Rs 10 lakh). The Tarun Plus category extends loans up to Rs 20 lakh for past borrowers.
Name the three social-security schemes launched in 2015 for financial inclusion.
PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana - life insurance), PMSBY (Pradhan Mantri Suraksha Bima Yojana - accident insurance), and APY (Atal Pension Yojana - pension).
What is the Stand-Up India scheme?
Stand-Up India facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least one Scheduled Caste/Scheduled Tribe borrower and one woman borrower per bank branch for setting up greenfield enterprises.
Differentiate between the Money Market and the Capital Market.
The Money Market deals in short-term funds (maturity up to 1 year) - e.g., T-bills, commercial paper, call money. The Capital Market deals in long-term funds (over 1 year) - e.g., shares, bonds, debentures.
Name four instruments of the money market.
Treasury Bills (T-bills), Commercial Paper (CP), Certificate of Deposit (CD), Call Money, and Commercial Bills are key money market instruments.
What is the difference between the Primary Market and the Secondary Market?
The Primary Market is where securities are issued for the first time (e.g., IPOs) to raise fresh capital. The Secondary Market is where existing securities are traded among investors (e.g., stock exchanges like NSE/BSE).
What is SEBI and what is its primary function?
The Securities and Exchange Board of India (established 1988, statutory in 1992) is the regulator of the securities and capital markets, protecting investors and promoting fair, transparent market development.
What is the difference between Fiscal Deficit and Revenue Deficit?
Fiscal Deficit = Total Expenditure - Total Receipts (excluding borrowings); it shows total borrowing needs. Revenue Deficit = Revenue Expenditure - Revenue Receipts; it shows the shortfall in day-to-day government finances.
What is Fiscal Policy and which body controls it in India?
Fiscal policy is the use of government spending and taxation to influence the economy. It is controlled by the Government of India (Ministry of Finance), unlike monetary policy which is run by the RBI.
What is the Economic Survey and who presents it?
The Economic Survey is the annual flagship document reviewing the economy's performance, presented by the Ministry of Finance (prepared by the Chief Economic Adviser) in Parliament a day before the Union Budget.
What is the FRBM Act?
The Fiscal Responsibility and Budget Management Act, 2003, aims to ensure fiscal discipline by setting targets to reduce fiscal deficit and government debt, promoting transparency in public finances.
Define Inflation and name its two main demand/supply-side types.
Inflation is a sustained rise in the general price level. Demand-pull inflation arises from excess demand; cost-push inflation arises from rising production costs (e.g., wages, raw materials).
What is the difference between WPI and CPI?
WPI (Wholesale Price Index) measures price changes at the wholesale/bulk level. CPI (Consumer Price Index) measures price changes faced by consumers at retail level; the RBI targets CPI for monetary policy.
What is the difference between GDP and GNP?
GDP (Gross Domestic Product) is the value of goods/services produced within a country's borders. GNP (Gross National Product) = GDP + net factor income from abroad (earned by nationals abroad minus foreigners domestically).
What is the formula for National Income (NNP at factor cost)?
NNP at factor cost (National Income) = GNP - Depreciation - Indirect Taxes + Subsidies. Equivalently, NNP at factor cost = NNP at market price - Net Indirect Taxes.
What is the difference between Nominal GDP and Real GDP?
Nominal GDP is measured at current market prices. Real GDP is measured at constant (base-year) prices, adjusted for inflation, and reflects true output growth.
What is IRDAI and what does it regulate?
The Insurance Regulatory and Development Authority of India (headquartered in Hyderabad) regulates and develops the insurance and reinsurance industry, protecting policyholders' interests.
What is PFRDA and which schemes does it regulate?
The Pension Fund Regulatory and Development Authority regulates pension funds in India, primarily the National Pension System (NPS) and the Atal Pension Yojana (APY).
Differentiate between life insurance and general insurance.
Life insurance covers life-related risk (death/survival benefits) over long terms. General (non-life) insurance covers assets and liabilities such as health, motor, fire, and marine, usually on annual contracts.
What is DICGC and what is the deposit insurance cover limit in India?
The Deposit Insurance and Credit Guarantee Corporation (a RBI subsidiary) insures bank deposits up to Rs 5 lakh per depositor per bank (covering principal and interest).
What is Priority Sector Lending (PSL) and the overall target for commercial banks?
PSL directs bank credit to sectors like agriculture, MSMEs, education, housing, and weaker sections. Domestic commercial banks must lend 40% of Adjusted Net Bank Credit to priority sectors.
What is the Basel III norm regarding capital adequacy (CRAR) for Indian banks?
Under Basel III (RBI norms), banks must maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of 9%, plus a Capital Conservation Buffer of 2.5%, totalling 11.5%.
What this deck covers
This deck covers the General / Banking / Economy Awareness portion of the SBI PO syllabus in question-and-answer form. Browse the full SBI PO syllabus to see how it fits with the rest.
Answers are written to be recallable, not just readable — averaging about 192 characters, which is long enough to carry the reasoning and short enough to say out loud.
A deck like this earns its keep on the second and third pass. Read the syllabus first so you know the shape of the subject, then use the cards to find the specific facts that have not stuck.
General / Banking / Economy Awareness flashcards FAQ
How many General / Banking / Economy Awareness flashcards are in this SBI PO deck?
51 cards. This page previews 24 of them, sampled evenly across the deck so you can judge the difficulty before installing anything.
Are these SBI PO flashcards free?
Yes. The preview here is free to read with no signup, and the full 51-card deck is free inside the Examius app.
What do the General / Banking / Economy Awareness cards cover?
They follow the General / Banking / Economy Awareness portion of the SBI PO syllabus, in question-and-answer form.
How should I use these flashcards?
Read the syllabus first so you know the shape of the subject, then drill the deck. Examius schedules each card with spaced repetition, so cards you keep missing come back sooner and ones you know drift further apart.