In both IBPS RRB Assistant & Officer Scale I, banking Awareness is a scoring section. Questions come directly from RBI updates, financial terms, government schemes, banking concepts, and recent developments in the Indian financial system.

In this article you get most important banking awareness topics to help you prepare smartly and score 30+ marks with ease. 

Banking Awareness Most Important Topics for IBPS RRB Assistant & Officer Scale I Aspirants

1.  Indian Banking System: Structure & Types of Banks 

Understanding how the Indian banking system works is the foundation of the Banking Awareness Section.

Major Areas to Study:

• Public Sector Banks (PSBs)
• Private Sector Banks 
• Regional Rural Banks (RRBs) – structure, sponsor banks, functions, priorities 
• Small Finance Banks & Payments Banks 
• Schedule vs. Non Schedule Banks 
• Role of NABARD in rural credit 

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2. Reserve Bank of India (RBI) –Functions & Policies 

Important Sub Topics of Banking Awareness:

• RBI Functions: Issuer of currency, Government Bank, banking supervision

• Establishment of RBI and RBI Act, 1934
• Monetary policy: Repo Rate, Reverse Repo Rate, CRR, SLR, MSF etc
• Committees formed by RBI 
• RBI financial literacy initiatives

Why it is Important:

IBPS RRB exam frequently asks from this segment RBI rate changes, committee names, & major RBI developments.

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3. Government Schemes Related to Rural Development & Banking Important Schemes

• PM Jan Dhan Yojana (PMJDY)
• PM Kisan 
• Stand Up India 
• Kisan Credit Card (KCC)
• Mudra Yojana
• Atal Pension Yojana (APY)
• PMJJBY, PMSBY

RRB Assistant & Officer Scale I Exam Tip:

Remember the launch year, purpose, subsidies, and implementing agency.

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4. Banking Current Affairs (Last 4-6 Months)

What to Study:

• RBI monetary policy updates
• Bank mergers & acquisitions 
• New bank CEOs & MDs 
• MoUs signed by banks 
• New launches in digital banking 
• Budget key numbers 
• Financial institution rankings 

Why Important?

Recent Banking and Financial current affairs are very important because 8-10 questions are directly asked.

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5. International Banking & Economy

A few questions in banking awareness also come from international organisations.

Which Topic is most important?

• SWIFT
• GDP growth projections 
• Balance of payments 
• WTO, BRICS bank
• IMF, World Bank, ADB, AIIB 
• Foreign exchange terms (LIBOR, MIBOR)
• Inflation Indicators  

Attempt Free RRB Clerk Banking Awareness Mock Test 

Attempt Free RRB PO Banking Awareness Mock Test

6. Banking Regulations, Act and Institutions

A strong understanding of the regulatory framework is essential for RRB Assistant & Officer Scale I aspirants.

Important Banking Awareness Acts:

• Banking Regulation Act, 1949
• RBI Act, 1934
• Negotiable Instruments Act, 1881
• SARFAESI Act 
• Insolvency & Bankruptcy Code (IBC)

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Important Institutions for Banking Awareness:

• NABARD 
• SIDBI
• EXIM Bank 
• IRDAI 
• PERDA 
• SEBI 
• DICGC 

7. Digital Banking & NPCI Products

Important topics for Banking Awareness are:

• UPI, IMPS, NEFT, RTGS
• NPCI products – Rupay, AEPS, NETC FASTag, BBPS
• Digital wallets, payment gateways
• Cyber security (phishing, OTP frauds, vishing

Get Free Download RRB Assistant Notes PDF Here 

8. Budget, Economy & Economic Survey

Important Budget facts for Banking Awareness 

• Fiscal deficit 
• Revenue deficit 
• Direct vs Indirect taxes 
• GDP, GNP, NMO,PPP
• Inflation, recession, and stagflation 

RRB Effective Preparation By Mentors 

• Top 10 Most Important Banking Awareness Questions for Upcoming IBPS RRB Assistant & Officer Scale I Bank Exam

Q1. What does the ‘D’ in NDTL stand for? 

Ans: Demand

Q2. The term SWIFT is primarily associated with:

Ans:  International Financial Messaging

Q3. What is the full form of KYC? 

Ans: Know Your Customer

Q4. The code that uniquely identifies a bank branch in India for electronic funds transfer purposes is:

Ans:  IFSC (Indian Financial System Code)

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Q5. A cheque that is presented for payment after a period of three months from the date written on it is called a: 

Ans: Stale Cheque

Q6. What is the full form of Repo Rate?

Ans:  Repurchase Option Rate

Q7. The rate at which the RBI borrows money from commercial banks is called: 

Ans: Reverse Repo Rate

Q8. What is the full form of SLR? 

Ans: Statutory Liquidity Ratio

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Q9. What is the minimum paid-up capital and reserves required for a bank to be included in the Second Schedule of the RBI Act, 1934? 

Ans: Rs. 5 lakh

Q10. Which type of bank account allows the depositor to deposit and withdraw funds any number of times without major restrictions? 

Ans: Current Account

Get Free Download Organised Study Material PDFs for Banking Awareness RRB Assistant (Clerk) & Officer Scale I

Toppers Strategy to Score 30+ in Banking Awareness for RRB Assistant & Officer Scale I bank Exam

• Firstly cover static banking along with financial concepts 
• Regular revise banking awareness last 4-6 month current affairs 
• Take Banking Awareness quizzes on weekly basis
• Solve RRB Assistant & Officer Scale I previous year questions papers 
• Make short notes with short tricks of banking awareness

 Smart Revision Techniques Used by RRB Toppers

To Conclude:

Banking Awareness can become your highest scoring section in the bank exam IBPS RRB Assistant & Officer Scale I (PO) if you cover high scoring topics systematically. Banking Awareness subject is not vast at all but it demands regular practice. 

With smart preparation techniques, IBPS RRB applicants will easily outperform the competition. 

Frequently Asked Questions:

Q1: How can I stay updated with current banking developments?

Ans: RRB aspirants should follow newspapers like The Economic Times, Business Standard, RBI notifications, and official government schemes for the latest updates.

Q2: How can I revise the banking awareness section?

Ans: Advice you to make short notes of key terms, schemes, RBI guidelines, and recent banking updates. Practice quizzes and give mock tests regularly to crack the banking awareness section of RRB Assistant & Officer Scale I bank exam.

Q3: What are the most important topics of banking awareness?

Ans: Read the above given whole article to know the most important banking awareness topics.

Q4: Which is the best book for banking awareness preparation?

Ans: For banking awareness, the best books are "Banking Awareness" by Arihant Publications and "Economic and Banking Awareness" by Kiran Prakashan.

Q5: Should I study International Banking concepts?

Ans: You should study only basics such as the IMF, World Bank, BRICS bank, and their functions.

Q6: Can the banking awareness section of RRB Assistant and Officer Scale improve my overall scores?

Ans: Yes, banking awareness is a high scoring and time saving section that improves aspirants of RRB overall scores.

Q7: How much time should I give to banking awareness daily?

Ans: RRB Assistant & Officer scale I aspirants should spend daily 40-45 minutes on revision, CA capsules, and mock test practice.

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