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Indian Bank PO 2020 - Preparation Strategy for General Awareness

Updated On -

Jul 5, 2020

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Abanti Pramanik

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A national-level competitive recruitment exam conducted by Indian Bank to hire bank PO in different branches of the bank, this is one of the most popular competitive exams for entering the banking sector. The candidates must have 60% aggregate in their graduation to be eligible for this exam. There are three stages of this exam which are Prelims, Mains and Personal Interview. The candidate has to qualify each stage to be eligible for the next. This calls for a thorough preparation strategy for each and every topic included in the syllabus. This post is specifically dedicated to preparing General Awareness for Indian Bank PO exam.

Check Indian Bank PO 2020: Dates, Eligibility, Application Form, Pattern & Syllabus

What is Indian Bank PO recruitment?

Indian Bank PO is an excellent opportunity for aspiring candidates who want to pursue a career in banking. The selection for the post of Probationary Officers (PO) is conducted based on prelims, mains, and interviews. The candidates are required to complete one year Post Graduate Diploma in Banking and Finance (PGDBF) course at Indian Bank Manipal School of Banking (IBMSB). After effectively completing the course, candidates are hired for the post of PO.

The exam is a national level, an online examination conducted by the Indian Bank. The minimum age of the candidates is 20 years, while the maximum age is 30 years. However, certain age relaxations are approved for specific groups. The application fee is Rs.100 for SC/ST/PWD and Rs. 600 for others.

Indian Bank PO Exam Pattern

Name of Test Number of Questions Number of Marks Duration
1. Reasoning and Computer Aptitude 45  60  One Hour
2. General / Economy/ Banking Awareness 40  40  35 
3. English Language 35  40  40 
4. Data Analysis and Interpretation 35  60  45 
TOTAL: 155  200  Three Hours
(Letter Writing & Essay) 25  30 
Prepp Test Series

General Awareness includes a range of sub-topics such as static GK, Current Affairs to Economy, and Banking Awareness, which are often considered to be the most scoring in the exam. There are 20 Questions on Banking Awareness with Moderately Difficult level, whereas Current Affairs includes 13 Questions, and static GK includes 7 Questions. All questions are moderate in their difficulty level.

Some Important Topics in General Awareness:

  1. Countries and currencies
  2. Awards & Honours
  3. Sports News
  4. Books & Their Authors
  5. Indian Constitution
  6. Agriculture
  7. UNO
  8. Financial Awareness
  9. Money Supply
  10. International Economy
  11. Indian Economy (Budgets and Surveys)
  12. History of Banking
  13. Banking Structure
  14. RBI Functions, Fiscal-Monetary Policies
  15. Banking Terms & Abbreviations
  16. International Organizations, Summits
  17. Committees & Recommendations
  18. Agreements & Memorandum of Understandings (MOUs)
  19. Science & Technology
  20. Current Affairs of last six months with special reference to Banking Industry

Download Indian Bank PO 2020 Sample Papers, Old Question Papers and Practice Tests

Preparation Strategy for General Awareness section in Indian Bank PO Exam

  1. Reading the newspaper: In order to be updated with the events happening around the world, candidates must develop a habit of reading the newspaper every day. Nowadays, they need not purchase all the papers and can simply read the online versions. This is crucial to stay updated with current affairs. Candidates can even jot down or highlight important news to remember better. Some standard national newspapers are The Hindu, Indian Express, Live Mint, Economic Times
  2. Understand the basic concepts: It is imperative to have a strong base for candidates. They should get acquainted with banking terminologies, basics of economy, concepts, theories, and the banking industry's evolution. A large percentage of questions are asked from this section; thus, it is necessary to prioritize while preparing.
  3. Practice until you perfect: Candidates must practice solving various questions in the allotted time frame. There are a plethora of mock tests available online which the candidates can download for their benefit. Time management is essential as it will ensure that students can answer all the questions and not miss any. It will significantly improve the speed and accuracy of the candidates.
  4. Simple Tricks: Watch videos and read quarterlies published by banks. Focus on the published papers by RBI. Use simple tricks to learn factual data better. ( For example- using acronyms, positive reinforcement, and chunking.)
  5. Quality over Quantity: There is a large body of information available on the internet regarding any topic. Therefore, It is necessary for students to be able to distinguish reliable and quality material over the unreliable ones. Students need to focus their time on the quality of the information rather than the quantity. Reading random articles can cause confusion to students.

FAQ

Ques. Is Indian Bank PO conducted every year?

Ans. No, However, the recruitment for the position is done on the basis of vacancies and requirements. In 2018, a total of 417 vacancies were announced. It included category wise vacancy for SC, ST, PWD.

Ques. How many times can I attempt the exam?

Ans. The candidates can appear for the exam any number of times, till they cross the age limit. There is no limit to the number of attempts.

Ques. What is the general salary of Indian Bank PO?

Ans. The starting salary of Indian Bank PO is Rs 23700 (four additional increments will be applicable) in the pay scale of 23700-980/7-30560-1145/2-32850-1310/7-42020.

*The article might have information for the previous academic years, please refer the official website of the exam.

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