The static part of the awareness test in SBI exams is banking and economy knowledge, which is why the PO Mains test is named General Awareness/ Economy/ Banking Knowledge and the Clerk Mains test General/ Financial Awareness. The sample questions in the Bank's booklet ask which institution introduced Know Your Customer norms, which sector drives State incomes, who led Operation Flood and what monetary policy is concerned with, and the real papers follow that line. The topics that recur are the RBI and its functions, monetary policy tools such as the repo rate, CRR and SLR, types of banks and accounts, NPAs, priority sector lending, KYC and anti-money-laundering rules, payment systems like UPI, NEFT and RTGS, banking terms and abbreviations, financial regulators such as SEBI, IRDAI and PFRDA, development institutions such as NABARD and SIDBI, the Union Budget and the Economic Survey, GDP, inflation and national income, and government schemes for financial inclusion, insurance and pensions. A few questions ask plain static GK: headquarters and heads, currencies and capitals, and dates in banking history. This page holds GK24's topic-wise GK notes for banking exams, written as short facts and tables so that a topic can be revised in one sitting. Read a topic, then solve its quiz and the SBI previous-year questions on this site to see what you retained.
Which cryptographic hash function does the bitcoin network use?
Bitcoin uses the SHA-256 hash function, part of the Secure Hash Algorithm family, which turns an input of any length into a fixed output of two hundred and fifty-six bits.
Read the full explanation →The 2008 white paper that introduced bitcoin was published under which name?
The paper titled Bitcoin: A Peer-to-Peer Electronic Cash System was circulated in 2008 under the name Satoshi Nakamoto, a pseudonym whose owner has never been established, and it set out how a chain of hashed blocks and proof of work could prevent double spending without any trusted third party.
Read the full explanation →Under the Fugitive Economic Offenders Act, a person may be declared a fugitive economic offender where the scheduled offence involves an amount of at least
The Fugitive Economic Offenders Act of 2018 applies where a warrant of arrest has been issued for a scheduled offence involving a value of one hundred crore rupees or more and the person has left India to avoid prosecution, or refuses to return to face it.
Read the full explanation →The Financial Intelligence Unit India reports to which body?
The Financial Intelligence Unit India works under the Department of Revenue in the Ministry of Finance and reports to the Economic Intelligence Council, the apex body on economic offences, which is chaired by the Union Finance Minister.
Read the full explanation →The Financial Action Task Force, the global standard setter on money laundering, was established in which year?
The Financial Action Task Force was set up in 1989 at the summit of the Group of Seven industrial countries held in Paris, and its secretariat is housed at the headquarters of the Organisation for Economic Co-operation and Development in Paris.
Read the full explanation →Under the PMLA, how long must a reporting entity preserve records of the transactions it is required to report?
Section 12 requires every reporting entity to maintain a record of all transactions of the prescribed nature and value for a period of five years from the date of the transaction between the client and the entity, and to maintain records of the identity of its clients for five years…
Read the full explanation →For how long is a provisional attachment of property by the Director under Section 5 of the PMLA valid?
Section 5 allows the Director or an authorised officer, on reasons to be recorded in writing, to attach property believed to be the proceeds of crime provisionally for a period of one hundred and eighty days.
Read the full explanation →Under Section 4 of the Prevention of Money Laundering Act, the punishment for money laundering is rigorous imprisonment of
Section 4 provides that whoever commits the offence of money laundering shall be punishable with rigorous imprisonment for a term of not less than three years, which may extend to seven years, and with a fine.
Read the full explanation →A suspicious transaction report under the PMLA rules must be filed within
The rules require a reporting entity to furnish a suspicious transaction report to the Financial Intelligence Unit not later than seven working days from the date on which it is satisfied that the transaction is suspicious.
Read the full explanation →Under the rules framed under the PMLA, a bank must file a Cash Transaction Report for cash transactions in an account exceeding
Under the Prevention of Money-laundering Maintenance of Records Rules of 2005, a reporting entity must report all cash transactions of a value of more than ten lakh rupees, or their equivalent in foreign currency, and all series of integrally connected cash transactions that together exceed that amount within a month.
Read the full explanation →The Financial Intelligence Unit India was set up in which year?
The Financial Intelligence Unit India was set up by the Government of India in November 2004 as the central national agency to receive, process, analyse and disseminate information about suspect financial transactions.
Read the full explanation →Which agency investigates and prosecutes offences under the Prevention of Money Laundering Act?
The Directorate, which works under the Department of Revenue in the Ministry of Finance and traces its origin to the Enforcement Unit set up on the first of May 1956, registers cases under the Act, attaches property provisionally, arrests, and files prosecution complaints in the Special Court.
Read the full explanation →The Prevention of Money Laundering Act of India came into force in which year?
The Prevention of Money Laundering Act was passed by Parliament in 2002 and is numbered as an Act of that year, but it was brought into force only on the first of July 2005, together with the Prevention of Money-laundering Maintenance of Records Rules of 2005, which set out the…
Read the full explanation →The three stages of money laundering, in order, are
Placement comes first because the criminal must get cash into the financial system, which he does through small deposits, the purchase of bearer instruments or by mixing the cash with the takings of a shop or a petrol pump.
Read the full explanation →Which of the following is an advantage of an RFID tag over a printed barcode?
A barcode must be presented squarely to a scanner, one item at a time, and a torn or dirty label fails.
Read the full explanation →Which technique does Bluetooth use to reduce interference in the crowded 2.4 GHz band?
A Bluetooth link does not stay on one frequency. Master and slave agree on a pseudo random sequence and jump together between the narrow channels of the 2.4 GHz band many hundreds of times a second.
Read the full explanation →Which wireless technology requires a clear line of sight between the two devices and cannot pass through a wall?
Infrared communication, the old IrDA link of television remote controls and early mobile phones, uses light just beyond the red end of the visible spectrum.
Read the full explanation →Which of the following is the strongest security protocol for a Wi-Fi network?
WPA3 is the newest of the four and the strongest; it replaces the old pre shared key handshake with simultaneous authentication of equals, which resists offline guessing of the password, and it encrypts traffic even on an open network.
Read the full explanation →Bluetooth technology is named after
The technology is named after Harald Gormsson, the tenth century king of Denmark nicknamed Bluetooth, who brought the Danish tribes under one rule.
Read the full explanation →India's FASTag system for electronic toll collection is based on which technology?
A FASTag is a battery free RFID sticker pasted on the inside of the windscreen. An overhead reader at the toll plaza energises it, reads the identity number, matches it with the linked prepaid wallet or bank account and debits the toll while the vehicle keeps moving.
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