General Knowledge Questions to Master for Banking Examinations

One of the most dreaded sections of the banking examination is the general knowledge section of it. Due to the extensive nature of the study materials and the fact that these questions may often seem confusing make it tough to prepare for. While bank PO coaching classes will help you train efficiently for these exams, being prepared in advance can make the process a whole lot simpler. Here are some questions one needs to master before attempting their final paper:

1. Write a short not on the payment and settlement systems of India 

2. Elaborate on RBI and their role as a banker and manager of debt for the government of India 

3. What are the various differences between wholesale banking and offshore banking?

4. Write a note on the various financial institutions and establishment types.

5. What is the role and function of CIBIL?

6. Define the term Call Money Market.

7. Write a note on the banking term: payment order 

8. Compare the terms of equity and debt with each other.

9. What are the various instruments of monetary policies in the country currently?

10. Give a detailed explanation of the banking term ‘joint venture’.

11. To test your awareness about banking, list down as many punch lines of major banks as you can.

12. What does Immediate Payment Service (IMPS) mean?

13. Give a detailed explanation of the term money laundering as well as the implications of such actions on the economy of a country.

14. Explain the term Priority sector lending stating examples.

15. List down the various advantages and disadvantages of the EMI scheme of transactions.

16. What do you understand by the term ‘product life cycle management’?

17. What do you understand by the term liquidity risk?

18. What is the difference between ATMs and white label ATMs?

19. Write a short note on ULIP

20. What would the RBI’s rate cut on the home loan lead to?

21. Write a note on three of the country’s most powerful bankers who are women.

22. What do you understand by BASEL Norms?

23. What is an MICR? What measures are taken by banks to identify frauds such as fake demand drafts?

24. Write a short note on the terms Inflation and Deflation while differentiating between the two.

25. Write a short note on the union budget and its implication 

26. What does a transaction account enable?

27. What do you understand by the term amortization in relation to the banking industry?

28. Write a short note on angel investments and the reasons behind its ever increasing demand. 

29. Explain the various elements of a marketing mix in detail in relation to products and services.

30. Define an entrepreneur. Elaborate the importance of entrepreneurs for India.

Use these above questions as a guide to prepare for your banking exams. With these questions as well as the support of a bank coaching centre you can pass the general knowledge section with flying colors!