Solutions of Banking Awareness from Study Guide SBI PO Phase 2 Mains Examination 2019

This topic discusses banking and bank. It explains that banking is a business activity of accepting, safeguarding money, and lending it to earn a profit. Some activities of a bank are also mentioned here.

This topic highlights types of banking. It includes Unity Banking, Branch Banking, Universal Banking, Chain Banking, Mixed Banking, Narrow Banking, etc. The functions and characteristics of these are explained here in detail.

This topic talks about the Reserve Bank of India. It explains that it is the central bank of our country. We will discuss the establishment of RBI. Also, the main functions of it according to the preamble of the RBI Act, 1934 are discussed here.

This topic provides knowledge of RBI's monetary policy. We will study the goals of monetary policy, monetary policy framework, and monetary policy committee here. Instruments of monetary policy are discussed in detail.

This topic talks about Basel Norm. We will learn that Switzerland conducted a meeting in Basel city and made a committee named the Basel Committee of Banking Supervision. The functions of BCBS are discussed here in brief.

This topic provides knowledge of Non Performing Assets. NPA is those assets of the bank which do not bring any return. Types of assets, such as Standard assets, Loss assets, Term loans, cash credit, overdraft, etc., are described here.

This topic highlights the banking structure in India. The Indian banking industry is divided into organised and unorganised sectors. We will also know about commercial banks, scheduled commercial banks, and non-scheduled commercial banks in detail.

This topic discusses the banking ombudsman. Here, we will learn about the details of this scheme. We will also discuss the ombudsman's office and the number of regional offices of banking ombudsman in India.

This topic talks about major steps for a new banking system. It includes 'Mission Indradhanush' for public sector banks. We will learn about its seven key reforms: Appointments, Banks Board Bureau, Capitalisation, etc.

This topic provides knowledge of Payment and Small Finance Bank. We will learn about Payments Bank, its objectives and guidelines, India's first live payment Bank, MUDRA Bank Ltd., small finance banks, and a list of them.

This topic deals with Priority Sector Lending. It means providing an important role by RBI to the banks for giving a specified portion of the bank. Different categories of it, which include agriculture, education, housing, etc., are mentioned here.

This topic focuses on negotiable instruments. The instruments used for making payments for personal reasons are fully transferable from one person to another. Some of the negotiable instruments are Letter of Credit, Bills of Exchange, etc.

This topic discusses some new trends in banking. Some of the facilities are discussed here: Mobile banking transactions, National electronic funds transfer, Indian financial system code, mobile wallet, real-time gross settlement, etc.

In this topic, we will understand important changes in the banking system. Some of the major updates are explained here: Government launched 'PAISA' portal, RBI note refund Amendment rules, 2018, passport mandatory for bank loans, etc.

This topic tells about Financial Market. It is a transfer process between lenders and data through which the transfer of financial funds can be done. Components of the financial market, such as money market, capital market, etc., are described.

This topic explains SEBI. Securities Exchange Board of India is a regulatory authority to protect the investors' interests in securities and promote the development of the capital market. We will learn about the main functions of SEBI.

This topic provides knowledge of bond markets. It is a financial market where participants can issue new debt and buy or sell debt securities. We will understand the classification of the Securities Industry and Financial Markets Association.

This topic focuses on the stock market. It is the aggregation of buyers and sellers of stock; these are securities listed on the stock exchange and those who are only treated privately. The initial public offering is also mentioned here.

This topic sheds light on the National Stock Exchange (NSE). It was promoted by leading financial institutions as a tax-paying company. A list of approved stock exchanges in India is given. Also, Indices of NSE are mentioned here.

This topic talks about the national income of India. We will study the Gross Domestic Product, Gross National Product, Net National Product, and Personal Income. Economic planning in India is also discussed here in brief.

This topic tells about WTO. We will learn about the World Trade Organisation, its goals, and other related details such as headquarters, membership, etc. The functions of the World Trade Organisation are explained here in detail.