Which book provides a comprehensive understanding of banking and finan...
The book that provides a comprehensive understanding of banking and financial concepts for the SBI PO Exam is "Banking Awareness" by Arihant Publications.1. Overview of the Book:
Written specifically for the SBI PO Exam, this book covers all the necessary topics related to banking and finance. It is designed to provide a thorough understanding of the concepts and principles of banking, which are crucial for the exam.
2. Content Coverage:
The book covers a wide range of topics, including but not limited to:
- Basics of Banking: It explains the fundamental concepts of banking, such as types of banks, functions of banks, banking products and services, and banking regulations.
- Indian Financial System: This section provides an overview of the Indian financial system, including the role of RBI, SEBI, IRDAI, and other regulatory bodies.
- Monetary Policy: It covers the monetary policy of India, including the role of RBI, the tools of monetary policy, and its impact on the economy.
- Financial Markets: This section delves into the various financial markets, such as money market, capital market, and forex market, along with their instruments and functions.
- Banking Operations: It covers topics like bank accounts, types of loans, credit facilities, and the process of loan sanctioning and recovery.
- Financial Inclusion: This section focuses on the government's initiatives to promote financial inclusion, such as Pradhan Mantri Jan Dhan Yojana and Direct Benefit Transfer.
- Current Affairs: The book also includes current affairs related to banking and finance, which is essential for the SBI PO Exam.
3. Key Features:
- The book provides a comprehensive coverage of all the topics required for the SBI PO Exam.
- It includes numerous examples, illustrations, and practice questions to enhance the understanding of concepts.
- Each chapter is followed by a set of objective questions to test the knowledge gained.
- The book is written in a simple and easy-to-understand language, making it suitable for self-study.
- It is regularly updated to incorporate any changes in the banking sector or exam pattern.
4. Recommendation:
"Banking Awareness" by Arihant Publications is highly recommended for candidates preparing for the SBI PO Exam. It not only provides a comprehensive understanding of banking and financial concepts but also helps in practicing and assessing one's knowledge through the included practice questions.