Preparing Tips for Economics

How to prepare for economics for bank exams ?

1. Banking terms : repo, reverse repo, SLR, CRR, Inflation, deflation, stagflation, LAF etc
2. WPI (Whole sale price Index), Consumer Price Index (CPI), how Inflation can be understood from these.
3. Public sector banks, private sector banks, Regional rural banks, foreign banks
4. Difference between co-operative banks and RRBs
5. Difference between pvt. Sector banks and foreign banks
6. BCA (Banking Business Correspondent Agents): their work, contribution to financial inclusion,
7. Swablamban
8. Padhan Mantri Jan Dhan Yojana: new directive towards financial inclusion
9. Banking Ombudsman: when established, work, how much effective
10. The menace of NPA: define, types of NPA
11. SARFAESI Act, 1992. (SARFAESI=securitization and refinance of financial assets and enforcement of security interest)
12. Inflation: its effect o Indian economy
13. Current banking scenario
14. Banking structure in India
15. FDI in prominent banks
16. SBI loan structure : krishi loan, housing loan, education loan, car loan etc
17. Corruption and scams in banks; COBRA POST-sting operation in money laundering cases
18. RBI- structure, control over Indian economy, current economic policies, functions of RBI
19. BASEL Norms: Tier I, II, III capitals; By when BASEL III norms to be applied in banks across India? (Hint: 31st march 2019)
20. Financial regulatory tools of RBI – LAF: repo, reverse Repo, bank rate, SLR, MSF etc
21. Current rates: repo, rev. Repo, base rate, bank rate, SLR, CRR, MSF etc
22. Diluting of Government shares in banks up to 52%: Reasons and Effect
23. SBI Monetary Index
24. Priority sector lendings
25. NABARD: when established, policies and functions
26. Problems faced by PSBs( Public Sector Banks)
27. How to open a bank account
28. KYC: what and why is it important? what are the documents required for KYC ?(refer to RBI website)
29. Stock market: IPO, share condition of prominent companies [I was asked about Kingfisher shares!]
30. Primary market and Secondary market
31. Shares, equity and debentures
32. What is e-banking and m-banking
33. Bank Cheques : MCIR code, meaning of the number written below, Cheque truncation System
34. Difference between NBFC and chit funds
35. Forex reserve, current exchange rate, CAD (current account deficit)
36. Difference between CAD and fiscal deficit
37. Full form of GDP, NDP, GNP, NNP. What are these, define. Which one is the best to determine national income?
38. Full form of CBS, NEFT, RTGS, SWIFT, ARC etc.