General/Financial Awareness questions for Bank Exam

The various banks recruitment for Apprentice are released in India. Recently the Indian Overseas Bank has released the notification for appointing of Apprentice in India. These candidates have to clear the test. The exam pattern consist is general and financial awerness questions.

We have prepared the questions on the general/financial awareness, if you are preparing for bank’s exam you must the question and terms used here. Let us understand with following terms in Banking and financial institutions

IFSC

General/Financial Awareness questions for Bank Exam

RTGS

Swift

IMPS

CRR Ratio

These terms are very common in banking sector all the above are related for Transaction by a company or individual

Indian Financial System Code- a unique 11-character alphanumeric code used to identify bank branches participating in electronic fund transfers within India

RTGS- It stands for Real Time Gross Settlement, which is a system where real-time and continuous settlement of fund transfers happen

Swift- stands for The Society for Worldwide Interbank Financial Telecommunications, which facilitates secure international money and security transfers through a vast messaging network.

IMPS, which stands for Immediate Payment Service is a revolutionary interbank electronic funds transfer system in India. Launched by the National Payments Corporation of India (NPCI),

CRR- is a cash reserve ratio is the percentage of a bank’s total deposits that they are required to keep as reserves with the central bank (like the RBI in India)

Exam Pattern

Test	Number of Question	Marks
General/financial awareness	25	25
General English	25	25
Quantitative and reasoning aptitude	25	25
Computer or subject knowledge	25	25