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SBI PO General/Economy/Banking Awareness Flashcards
50 question-and-answer cards covering General/Economy/Banking 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/Economy/Banking Awareness deck
Sampled from the end of the deck, so these are different cards from the ones shown on the syllabus page.
What does IMPS stand for and what is its key feature?
Immediate Payment Service; enables instant, 24x7 interbank fund transfers via mobile, internet, or ATM.
What is UPI?
Unified Payments Interface, a real-time payment system by NPCI that links multiple bank accounts into a single mobile app for instant fund transfers.
What organization operates UPI, RuPay, and IMPS in India?
The National Payments Corporation of India (NPCI).
What is a CASA ratio?
The ratio of Current Account and Savings Account deposits to total deposits; a higher CASA means lower cost of funds for a bank.
What is the difference between a Cheque and a Demand Draft?
A cheque can be dishonoured due to insufficient funds and is issued by an account holder; a demand draft is prepaid, issued by a bank, and cannot bounce.
What is KYC in banking?
Know Your Customer; the mandatory process of verifying a customer's identity and address to prevent fraud and money laundering.
What is the function of DICGC?
The Deposit Insurance and Credit Guarantee Corporation insures bank deposits up to Rs 5 lakh per depositor per bank.
What was the year of the first phase of bank nationalisation in India and how many banks were nationalised?
1969; 14 major commercial banks were nationalised.
When was the State Bank of India (SBI) established and from which bank was it formed?
SBI was established on 1 July 1955 by converting the Imperial Bank of India.
What is a NBFC?
A Non-Banking Financial Company that provides banking-like services (loans, investments) but cannot accept demand deposits or issue cheques.
What is the difference between a Bull market and a Bear market?
A bull market is a period of rising share prices and optimism; a bear market is a period of falling prices and pessimism.
What is the formula for the Money Multiplier?
Money Multiplier = 1 / Cash Reserve Ratio (CRR); it shows how much the money supply expands per unit of reserves.
What is priority sector lending (PSL)?
RBI-mandated lending by banks to sectors like agriculture, MSMEs, education, and housing, set at 40% of Adjusted Net Bank Credit for domestic banks.
What is the difference between a Repo and a Reverse Repo for the RBI?
In a repo the RBI injects liquidity by lending to banks; in a reverse repo the RBI absorbs liquidity by borrowing from banks.
What is the LAF (Liquidity Adjustment Facility)?
An RBI tool to manage daily liquidity via repo and reverse repo operations with banks.
What is a Treasury Bill?
A short-term debt instrument issued by the Government of India with maturities of 91, 182, or 364 days, sold at a discount and redeemed at face value.
What is a Mutual Fund?
A pooled investment vehicle that collects money from many investors to invest in diversified securities, regulated by SEBI.
What is the regulator of the securities market in India?
The Securities and Exchange Board of India (SEBI), established in 1992.
Define a fixed (term) deposit.
A deposit held with a bank for a fixed tenure at a fixed interest rate, with penalties for premature withdrawal.
What is the difference between a savings account and a current account?
A savings account earns interest and has transaction limits; a current account is for frequent business transactions, typically earns no interest, and allows overdraft.
What is microfinance?
The provision of small loans and financial services to low-income individuals and small businesses who lack access to conventional banking.
What is the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
A 2014 financial inclusion scheme to provide zero-balance bank accounts, RuPay debit cards, and insurance to the unbanked population.
In sports, how many players are on the field per team in a standard cricket match?
Eleven players per team.
What is the highest civilian award given in India for distinguished service in any field?
The Bharat Ratna.
What this deck covers
The General/Economy/Banking Awareness deck follows the SBI PO General/Economy/Banking Awareness syllabus — 3 chapters and 9 topics — so questions land on material that is genuinely examinable rather than trivia around it. That works out to roughly 16.7 cards per chapter.
Answers are written to be recallable, not just readable — averaging about 109 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/Economy/Banking Awareness flashcards FAQ
How many General/Economy/Banking Awareness flashcards are in this SBI PO deck?
50 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 50-card deck is free inside the Examius app.
What do the General/Economy/Banking Awareness cards cover?
They follow the SBI PO General/Economy/Banking Awareness syllabus — 3 chapters and 9 topics — so the questions track what is actually examinable.
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.