[Studyplan] IBPS CWE PO/MT: General Awareness (GA), Banking Awareness, Computer Awareness, Priority Topics, Trend Analysis

chart IBPS Banking Awareness & General Awareness

[Studyplan] IBPS CWE PO/MT: General Awareness (GA), Banking Awareness, Computer Awareness, Priority Topics, Trend Analysis

  1. IBPS CWE PO-MT Exam Structure
  2. IBPS: High priority topics
  3. General Awareness + Banking Awareness
  4. #1: Banking Awareness (Theory)
    1. Minimum Topics from IBPS Banking Awareness theory
    2. RBI
    3. Banks: Basics
    4. Banking services
    5. Rural banking
    6. Bad Loans
    7. International banking
  5. #2: Banking Awareness (Current Affairs)
  6. #3: Economy (Theory)
  7. #4: Economy: Current Affairs
  8. #5: International Affairs (IA)
  9. #6: Polity Current affairs
  10. #7: Misc.GK: Filler topics
  11. #7: Misc.GK: PIN/Award/Sports
  12. Computer Awareness- Topicwise Breakup

IBPS CWE PO-MT Exam Structure

Written Stage: Multi choice Questions (MCQs)

Section 2011,2012 2013 (online test)
  1. Reasoning
50 50
  1. English Language
50 Qs x 0.5=25 marks 40
  1. Quantitative Aptitude (Maths + DI)
50 50
  1. General Awareness (+ Banking Awareness)
50 40
  1. Computer Knowledge
50 20
Descriptive Paper of English 25 -removed-
Total Marks 250 200
Time-limit (minutes) 150 for MCQ+60 for descriptive 120
  • Sectional cutoff? = yes
  • Negative marking?= yes, Minus 0.25% per wrong answer.

Interview stage

  • Minimum qualifying marks in interview =40% for general and 35% for SC/ST/OBC/PWD candidates).
  • The weightage (ratio) of Written: interview = 80:20

IBPS: High priority topics

In the game of chess, if you try to defend every piece, you’ll end up losing every piece. Competitive exams are no different. So in the first round of preparation, you try to get a steel grip over following topics.

Section High priority area
Revision Essential
  1. General Awareness
  1. Banking awareness theory
  2. Economy current affairs
  1. Computer
  1. MS Office 2007 (or 2010 or 2013)
  2. internet related topics
Practice Essential
  1. Reasoning
  1. High level reasoning (Syllogism + assumption/inference)
  2. Sitting arrangement
  1. Quantitative aptitude
  1. BOSMAS/simplification
  2. Data interpretation (DI)
  1. English
  1. Grammar rules + Sentence correction
  2. Daily practice of comprehension + sentence arrangement.

Uske baad, you venture into other areas to enhance your preparation further. In this article, we see the approach for two sections

  1. General Awareness + Banking awareness
  2. Computer Awareness.

Remaining sections, dealt in separate articles.

General Awareness + Banking Awareness

chart IBPS Banking Awareness & General Awareness

IBPS CWE PO/MT Exam of20112012
Banking Banking Theory 18 15
Banking Current Affairs 4 6
Banking Subtotal 22 21
Economy Economy Theory 2 4
Economy Current Affairs 9 7
Economy Subtotal 11 11
IA International Current Affairs 4 5
Polity Polity Current Affairs 2 3
Current Affairs (IA+Polity) 6 8
Misc.GK Misc.PIN 6 3
Misc.Sports 2 4
Misc.Books-Authors 1 1
Misc.filler (Census, Geography, Nuke Reactors, Defense etc.) 2 2
Misc.GK subtotal 11 10
Total 50 50

Each year, more than 30 out of 50 questions came from (Banking + Economy) only. Hence Priority order for study:

  1. Banking: and within banking: Theory >> Current
  2. Economy: and within Economy: Current >> Theory

#1: Banking Awareness (Theory)

  1. Any one Book on Banking awareness (theory) Topics
BOOK MY  REVIEW/COMMENT
  1. Money, Banking and Finance by BSC Publication
  • Cheap, reliable work horse.
  • Not updated after 2009 (only reprinted), but for IBPS level theory, its coverage is sufficient and you can always google for any latest happenings.
  • Doesn’t contain practice MCQs. (Although doesn’t matter because you’ll be using a separate book on papersets anyways)
  1. Principles and Practices of Banking By Indian Institute of Banking and Finance (IIFB)
  • Written for JAIIB/CAIIB type exams, printing-structure-explanation is professional grade.
  • Few MCQs after each chapter.
  • Doesn’t burden you with lot technical-legal aspects, sticks to conceptual clarity.
  • Not updated after 2008, just reprinted.
  1. Handbook of Banking information by N.S.Toor (Skylark Publication)
  • Written for JAIIB/CAIIB type exams.
  • Most updated information about banking topics, among the given books. (36th Edition released in Jan 2013).
  • But also burdens you with many technical-legal aspects that are not much relevent from IBPS exam point of view.
  • Contains more MCQs than previous book by IIFB.

If you have any similar book from Arihant Publication, Kiran Prakashan etc. that is also fine.  All these books have overlapping content. Remember that you’ve to finish the topics, not the ‘books’.

  1. + Various articles posted on Mrunal.org/economy
  2. Anyone BankPO Paperset for practicing the MCQs
    1. Arihant’s paperset of previous Bank PO exams
    2. Kiran Prakashan’s Paperset for IBPS PO/MT (with FREE CD for computer test)
    3. If you’ve paper set from any other publication, that’ll also work just fine.

Minimum Topics from Banking theory

You’ll have to face banking awareness, not only at the MCQ-stage but also during interview stage. Here is the list of Minimum Topics to be prepared. Don’t do Ph.D on any topic, just get an overview from MCQ point of view. (same advice for all the topics listed in this entire article)

RBI

  1. Origin of RBI. Who is the current governor, whom did he replace?
  2. RBI vs SEBI vs IRDA: Name of their main bosses, Who controls what? NBFCs, MFI, Gold Loans, ULIP, Mutual funds etc.
  3. powers functions of RBI
  4. How does RBI control the money supply?
  5. Open market operations, MSF, liquidity adjustment facility
  6. SLR, CRR, Repo, Reverse repo, bank rate
  7. Priority sector lending: and its subsectors. How do they apply to Domestic bank vs foreign bank?
  8. Currency chest, Mint and press. Who signs coins and currency?
  9. Measures of money supply
  10. Foreign exchange management, components of forex reserves, approx. forex under RBI. Powers under FERA/FEMA, Tarapore Committee on capital account convertibility
  11. Banking regulation act and its recent amendment
  12. Banking reform, Banking License, Narsimhan, BASEL.

Banks: Basics

  1. What is bank? What are its functions? how is it different from an NBFC/NBFC-factor, Post-office savings, Chit Fund, Nidhi etc?
  2. Types of banks: commercial banks, regional rural banks, cooperative banks, investment banks, development banks etc.
  3. What is a Scheduled commercial bank?
  4. Public sector versus private sector banks. Where does RTI apply?
  5. IDBI, ICICI, IFCI, SIDBI, EXIM, NHB etc.
  6. Bank nationalization, mergers and consolidations.
  7. Names of chairman/CMD of big banks.
  8. Basic GK related to banks: first commercial bank in India, first bank setup by Indians, origin of SBI/ICICI, subsidiaries of SBI, etc.

Banking services

  1. Assets, liabilities and working capital of a bank.
  2. Demand liabilities vs time liabilities
  3. Banker’s rights (lien). Know your customer (KYC) norms, Adhar Card enabled payment, Money laundering, Benami transections
  4. Types of Bank customers and provisions related to them:
    1. Minor-Guardian, partnership firms
    2. HUF and karta
    3. NRI, PIO
    4. joint account holders
    5. Married Women
    6. partnership firm accounts
    7. public/private companies
    8. trusts and cooperatives
  5. Types of bank accounts and their features:
    1. current account, savings account
    2. term deposit account, fixed deposit,
    3. PPF, senior citizen’s account
    4. NRE-rupee account, FCNR account, RFC, EEFC, escrow account
    5. Allied topic: post office savings account and National savings certificate
  6. Unclaimed/dormant accounts, RBI provision for them, Death of customer, insolvent customer, liquidation, Garnishee orders
  7. Types of negotiable instruments: bank draft, bank check, promissory note, warehouse receipt, Treasury bills etc.
  8. Cheque:
    1. order/bearer/travel/bankers cheque
    2. endorsement, cheque-crossing,
    3. post-dated cheque, what if cheque-date is invalid (31st Feb) or holiday (2nd Oct)?
    4. when Bank should not pay, cheque-dishonor (cheque-bouncing)
    5. MICR, Cheque truncation, new CTS-system
    6. Note refund rule, clan note-policy
  9. demand drafts, telegraphic transfers, safe deposit lockers
  10. ATM: PIN, HWAK, White Label ATM, third party ATM
  11. Debit card, credit card, smart card
  12. Mobile Banking, personal banking, tele-banking, corporate banking
  13. Online banking:
    1. NEFT, RGTS, EFTS, Bankwire, E-commerce
    2. networking among banks: INDONET, BankNET, RBINET, SWIFT, Point of Sale (POS) terminal
    3. core-banking solutions
    4. Electronic signature and Information Technology Act
  14. Loans
    1. different type of loan products,
    2. Subprime lending
    3. mortgage, reverse mortgage, collaterals, stamp duty on loan documents
    4. lien, set-off
    5. Priority sector lending: and its subsectors. How do they apply to Domestic bank vs Foreign bank?
  15. bank guarantee, letters of credit
  16. Banking Ombudman: powers functions, appeal structure and Consumer courts
  17. Bancassurance, cross-selling, universal / narrow / retail banking

Rural banking

  1. RBI vs NABARD
  2. Rural infrastructure development fund (RIDF) and budget-2013 allocation for RIDF
  3. financial inclusion and various government schemes associated with it (covered in my economic survey summaries, available on mrunal.org/economy)
  4. regional rural banks, their amalgation
  5. cooperative banks
  6. micro-finance institutions (MFI)
  7. primary agricultural credit Society
  8. Banking correspondent agents (covered in my article)
  9. lead bank scheme, local area banks, service area approach
  10. Kisan credit card, interest subvention on crop-loans

^Almost all of these topics have been covered in my articles on Mrunal.org/Economy

Bad Loans

  1. What is NPA?
  2. Gross NPA versus net NPA
  3. Asset classification under NPA (substandard/doubtful/loss)
  4. Current figure of NPA? Which bank has highest NPA?
  5. Capital adequacy norms, hypothecation
  6. CIBIL and credit rating
  7. SARFAESI Act and its recent amendment
  8. asset reconstruction companies
  9. Debt recovery tribunals.
  10. Lok Adalats
  11. Industrial sickness
  12. Board for industrial and financial Reconstruction

International banking

  1. Bretton Woods
  2. World Bank
  3. IMF: SDR, voting rights
  4. Who are the Main boss of IMF, World Bank, ADB?
  5. BASEL
  6. bank for International settlement
  7. Asian clearing union
  8. Islamic Banking
  9. ADR, GDR, IDR

again, most of these topics have been covered in my articles on Mrunal.org/Economy

Sample questions from previous papers

Observe the following questions asked in previous IBPS PO papers, it’ll give you an idea on what kind of information you should be focusing on, while reading the banking awareness theory.

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