Are there any specific topics or areas to focus on in the General/Econ...
Topics to focus on in the General/Economy/Banking Awareness section of the SBI PO Mains Exam:
The General/Economy/Banking Awareness section is an important part of the SBI PO Mains Exam. It tests the candidate's knowledge of current affairs, economic concepts, and banking industry updates. To excel in this section, it is essential to focus on certain specific topics or areas. Here are some key areas to concentrate on:
1. Current Affairs:
- National and international news events of the past six months.
- Government schemes and initiatives.
- Awards and honors.
- Sports events and achievements.
- Science and technology advancements.
- Important summits and conferences.
2. Indian Economy:
- Economic terms and concepts such as GDP, inflation, fiscal deficit, etc.
- Government budget and its components.
- Economic survey.
- Indian banking system and monetary policy.
- Demonetization and its impact.
- Goods and Services Tax (GST).
- Financial Inclusion initiatives.
3. Banking and Financial Awareness:
- Banking terms and abbreviations.
- Roles and functions of banks.
- Types of bank accounts and their features.
- Indian banking regulations and acts.
- Banking reforms and initiatives.
- Digital banking and payment systems.
- Non-Performing Assets (NPAs) and measures to tackle them.
4. International Economy and Organizations:
- International economic organizations like IMF, World Bank, WTO, etc.
- Global economic trends and indicators.
- International trade and agreements.
- Foreign exchange market.
- International financial institutions and their functions.
5. Financial Markets and Instruments:
- Stock market and indices.
- Mutual funds and other investment options.
- Money market instruments.
- Bonds and debentures.
- Insurance products and regulations.
6. Regulatory Bodies and Committees:
- Reserve Bank of India (RBI) and its functions.
- Securities and Exchange Board of India (SEBI).
- Insurance Regulatory and Development Authority of India (IRDAI).
- Financial Stability and Development Council (FSDC).
- Various committees and their recommendations.
7. Recent Banking News and Updates:
- Mergers and acquisitions in the banking sector.
- Banking frauds and scams.
- Important regulatory changes and policies.
- New banking products and services.
It is important to stay updated with the latest developments in these areas by reading newspapers, magazines, and online resources. Additionally, solving previous years' question papers and taking mock tests will help in familiarizing oneself with the exam pattern and improving time management skills.
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