Indian Economy and Banking

Indian Economy

• India's economy is mixed, incorporating both private and public sectors.
• Key sectors include agriculture, manufacturing, and services.
• Economic planning once used Five-Year Plans.
• NITI Aayog has replaced the Planning Commission.
• GDP growth rate indicates economic performance.
• Inflation affects purchasing power and monetary policy.
• The Reserve Bank of India (RBI) manages monetary policy.
• The Ministry of Finance handles fiscal policy.
• Taxation involves direct (income tax) and indirect (GST) taxes.
• Government schemes aim to boost financial inclusion and development.
• The banking sector is crucial for economic growth.
• The stock market mirrors investor sentiment and economic health.
• Foreign trade influences the balance of payments.
• Sustainable development is a key consideration.

Banking and Finance

• Banks accept deposits and offer loans.
• Public Sector Banks (PSBs) are government-owned.
• Private Sector Banks are privately owned.
• Foreign Banks in India operate under RBI regulations.
• Regional Rural Banks (RRBs) serve rural areas.
• Cooperative Banks cater to specific communities or sectors.
• The RBI acts as the central bank and regulates the banking sector.
• Monetary Policy seeks to control inflation and foster growth.
• The repo rate is the rate at which RBI lends to banks.
• The reverse repo rate is the rate at which the RBI borrows from banks.
• The Cash Reserve Ratio (CRR) is the percentage of deposits banks must hold with the RBI.
• The Statutory Liquidity Ratio (SLR) is the percentage of deposits banks must hold in liquid assets.
• Priority Sector Lending (PSL) mandates bank lending to specific sectors.
• Basel norms constitute international banking regulations.
• Non-Performing Assets (NPAs) are loans with doubtful repayment.
• Financial inclusion aims to provide banking access for all.

Current Affairs

• Includes recent government policies and initiatives
• Includes major economic events and their impact
• Includes important appointments in government and regulatory bodies
• Includes developments in international relations
• Includes updates on national and international awards
• Includes sports events and achievements
• Includes new technological advancements
• Includes environmental issues and initiatives
• Includes changes in banking and finance regulations
• Includes key economic indicators and reports
• Includes visits by foreign dignitaries
• Includes cultural events and festivals
• Includes important dates and anniversaries

General Knowledge

• Includes the history of India
• Includes Geography of India and the world
• Includes Indian Polity and Constitution
• Includes Science and Technology
• Includes books and authors
• Includes important inventions and discoveries
• Includes current leaders and heads of organizations
• Includes static GK related to banking and finance
• Includes awareness of social and environmental isssues
• Includes knowledge of famous landmarks and historical sites

Computer Awareness

• Includes the basics of computer hardware and software
• Includes operating systems
• Includes MS Office
• Includes Internet and networking
• Includes cyber security
• Includes computer abbreviations
• Includes the history of computers
• Includes database management systems
• Includes basic programming concepts
• Includes knowledge of computer viruses and malware

Sports

• Includes knowledge of popular sports
• Includes important tournaments and events
• Includes famous sports personalities
• Includes recent sports achievements
• Includes rules and regulations of major sports
• Includes venues of upcoming sports events
• Includes the history of sports in India
• Includes sports awards and honors
• Includes acronyms and terms related to sports
• Includes current affairs related to sports

Awards and Honors

• National awards include Bharat Ratna, Padma Vibhushan, Padma Bhushan, Padma Shri
• International awards include Nobel Prize, Pulitzer Prize, Booker Prize
• Sports awards include Rajiv Gandhi Khel Ratna, Arjuna Award, Dronacharya Award
• Literary awards include Jnanpith Award, Sahitya Akademi Award
• Film awards include National Film Awards, Filmfare Awards
• Awards for science and technology
• Awards for environmental conservation
• Awards for social service
• Banking and finance awards
• Recent recipients of these awards

Government Schemes

• Pradhan Mantri Jan Dhan Yojana (PMJDY) promotes financial inclusion.
• Pradhan Mantri Mudra Yojana (PMMY) provides funding for small businesses.
• Pradhan Mantri Awas Yojana (PMAY) focuses on affordable housing.
• Atal Pension Yojana (APY) is a pension scheme for the unorganized sector.
• Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a life insurance scheme.
• Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accident insurance scheme.
• Sukanya Samriddhi Yojana (SSY) is a savings scheme for the girl child.
• Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) ensures rural employment.
• Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) exists.
• Smart City Mission exists.
• Ayushman Bharat exists.

Countries and Capitals

• Knowledge of countries around the world is included.
• Capitals of different countries are included.
• Currencies of different countries are included.
• Important facts about countries are included (e.g. major industries, geographical features).
• Understanding of international relations and organizations is included.
• Current political leaders of major countries are included.
• Economic indicators of various countries are included.
• Cultural aspects of different countries are included.
• Historical events related to countries are included.
• Geographic location and neighboring countries are included.