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.
A router works at which layer of the OSI reference model?
A router joins two or more different networks and decides, for every packet, which outgoing line will carry it towards its destination.
Read the full explanation →How many cables are needed to connect 6 computers in a fully connected mesh topology?
In a full mesh every node is joined directly to every other node, so the number of links equals the number of pairs that can be formed from the nodes, given by the formula n(n-1)/2.
Read the full explanation →In which network topology is every node connected to a single central device?
In a star network every computer has its own cable running to a central hub or switch, so the shape resembles the spokes of a wheel.
Read the full explanation →What is the full form of GPRS in mobile computing?
GPRS was added to the 2G cellular system so that the same radio channel could carry data in packets instead of holding a circuit open the way a voice call does.
Read the full explanation →Which of the following devices performs signal conversion?
A modulator changes the form of a signal: it loads the digital bits produced by a computer onto an analog carrier wave so that they can travel over a telephone line, a cable or a radio link.
Read the full explanation →In terms of computers, the set of ways in which an adversary can enter a system and can potentially cause damage is called:
The attack surface of a system is the total collection of every point at which an unauthorised person could try to enter it or pull data out of it: open ports, running services, user accounts, login pages, removable drives and even the employees who can be tricked.
Read the full explanation →Special Drawing Rights, which form part of a country's foreign exchange reserves, are issued by
Special drawing rights are an international reserve asset created by the IMF and allotted to member countries in proportion to their quotas; a member can exchange them with other members for usable currencies.
Read the full explanation →The Tarapore Committee is associated with which of the following?
The committee headed by S. S. Tarapore reported in 1997 and again in 2006 and set out a phased road map for making the rupee convertible on the capital account, together with the preconditions to be met first, such as fiscal discipline, low and stable inflation and a strong banking…
Read the full explanation →A depreciation of the Indian rupee against the US dollar is likely to
When the rupee depreciates, each dollar buys more rupees, so an Indian good priced in rupees costs a foreign buyer fewer dollars and exports become more competitive, while every imported item costs more rupees than before.
Read the full explanation →The exchange rate system followed by India at present is best described as
Since the unification of the exchange rate in March 1993 the value of the rupee has been determined by demand and supply in the foreign exchange market, while the Reserve Bank intervenes by buying or selling dollars to curb sharp volatility rather than to defend any particular level.
Read the full explanation →Which of the following is not a component of India's foreign exchange reserves?
Small savings such as deposits in post office schemes are domestic rupee liabilities of the government and have nothing to do with the country's external assets.
Read the full explanation →In which year did India accept the obligations of Article VIII of the IMF, making the rupee fully convertible on the current account?
India accepted the obligations of Article VIII of the Articles of Agreement of the International Monetary Fund in August 1994, which means the rupee can be exchanged freely for trade in goods and services, travel, education, remittances and interest payments.
Read the full explanation →The Foreign Exchange Management Act, FEMA, replaced which of the following laws?
FERA treated foreign exchange as a scarce resource, forbade most dealings unless permitted and made breaches criminal offences.
Read the full explanation →What challenge does foreign investment often face in India?
Foreign investors bring in foreign exchange and look for predictable rules, and the difficulty most often listed for India is regulatory uncertainty: changing rules, clearances spread across departments and states, and disputes that take long to settle.
Read the full explanation →Consider the following statements: 1. Tight monetary policy of US Federal Reserve could lead to capital flight. 2. Capital flight may increase the interest cost of firms with existing External Commercial Borrowings (ECBs). 3. Devaluation of domestic currency decreases the currency risk associated with ECBs. Which of the statements given above are correct?
Statement 1 is right because when the United States Federal Reserve tightens, returns there become attractive and portfolio money flows out of emerging markets, which is capital flight.
Read the full explanation →With reference to the Indian economy, consider the following statements: 1. An increase in the Nominal Effective Exchange Rate (NEER) indicates the appreciation of rupee. 2. An increase in the Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness. 3. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER. Which of the above statements are correct?
Statement 1 is right because the NEER is a trade weighted index of the rupee against a basket of partner currencies, so a rise in the index means the rupee has appreciated in nominal terms.
Read the full explanation →In which year did India face the severe balance of payments crisis that led to the reforms of liberalisation, privatisation and globalisation?
By the middle of 1991 India's foreign exchange reserves had fallen to roughly a fortnight of imports, gold was pledged abroad to raise funds, the country borrowed from the International Monetary Fund and the rupee was devalued in two steps in July.
Read the full explanation →Which of the following is recorded in the capital account of the balance of payments?
The capital account records transactions that change the ownership of assets and liabilities between residents and non-residents, and foreign direct investment, along with portfolio investment, external commercial borrowings and deposits of non-resident Indians, falls squarely in that group.
Read the full explanation →Which authority administers India’s Foreign Trade Policy and issues the importer-exporter code?
The DGFT works under the Ministry of Commerce and Industry, and under the Foreign Trade (Development and Regulation) Act of 1992 it frames and administers the Foreign Trade Policy, issues the importer-exporter code without which no one may trade across the border, and runs the export promotion schemes.
Read the full explanation →The World Trade Organization, established on 1 January 1995, replaced which body?
GATT was signed in 1947 as a provisional agreement on tariff reduction, and after the Uruguay Round it was replaced on 1 January 1995 by the World Trade Organization, a permanent body with headquarters at Geneva and a binding dispute settlement system.
Read the full explanation →