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Home Articles

How to Prepare for Financial Awareness to Crack SBI PO 2020

by Manu K Sabu
August 24, 2021
in Articles, Banking, Preparation Tips
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Table of Contents

  • Why Financial Awareness in Particular?
  • What is the Level of Financial Awareness You Need to have?
  • Entri suggests you Forehead- Back head- Eye Method
  • Carve out the best in you with mock test

Even though it is not wise to shake hands with others in this corona period, shaking hands with others for collaborating with the aspirations of theirs is an important gratification in life. Tapping on the shoulders of your employers on their hard times to give them a burden relief is something beyond your imagination. Earning a salary that would make you feel like a king is something that everyone desires in life. SBI Probationary Officer is something that can offer you all these. It’s not easy to crack the SBI PO exam since it is one of the highly sought exams in India. Through this article we discuss how to prepare for the financial awareness in the SBI PO exam.

Get a Free Mock Test for SBI PO 2020

Banking-2.0_rectangle_bannner2

Why Financial Awareness in Particular?

When you look into the exam pattern of the SBI PO exam it is structured over three layers namely Prelims Mains and interview. The syllabus of the prelims and mains is targeted to measure the knowledge level of the aspirants. The syllabus of the prelims and mains are somewhat same to any of the competitive exams that you come across; except the portions of the financial awareness it possesses. So financial awareness makes SBI PO exam a filter for filtering the banking skills of the aspirants from others. Financial awareness is an inevitable factor for the determination of cracking the SBI PO exam.

What is the Level of Financial Awareness You Need to have?

1: What does the acronym "ATM" stand for in banking?

2: What is the primary function of a central bank?

3: Which of the following is a type of digital banking service?

4: What is the full form of "NEFT" in banking terms?

5: What does "KYC" stand for in banking?

    Fill out the form to see the results



    Ready to see how much you know? Take the challenge!

    General/Economy/banking awareness is often termed as the financial awareness in the syllabus of the SBI PO exam. It is described in the mains syllabus of the exam. So, when you look into the target of the exam stages it is clear that the prelims exam is targeted to measure the knowledge level of the aspirants. The prelims also act as a filter for the aspirants who know things and who do not things. After that mains exam is targeted to measure the deepness of the knowledge of the aspirants who know things. So, the mains exam is all about how much you know. The Mains exam is descriptive, so you need to have analytical knowledge to cope up with the writing skills which the exam demands.

    Check Out The Previous Year Question Papers of SBI PO

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    Entri suggests you Forehead- Back head- Eye Method

    How to prepare for financial awareness is often a headache to every aspirant who prepares for the SBI PO exam. Understanding your difficulties Entri customised a methodology for mastering the financial awareness for SBI PO exam. The methodology can be acquainted through the Entri Banking 2.0 course. The ‘Forehead and Back head Eye’ methodology simply means to look forward and backward at the same time. Even though it seems to be an irony to look forward and backward at the same time, Entri makes is possible through Banking 2.0

    Read More About Banking 2.0

    Forehead Eye (Look Forward)

    Forehead eye means look forward. Looking forward implies you need to focus on the current financial development happening in our society. It includes everything like Prime Ministers several plans (Pradhan Mantri Garib Kalyan Yojana, Pradhan Mantri Krishi Sinchai Yojana PMKSY, Pradhan Mantri Suraksha Bandhan Yojana etc) finance ministries tax updates, RBI’s monetisation updates, budget analysis, fiscal updates etc. You have to analyse the consequences and impact of the financial updates on the people and the development of the society. For all that, you need to read The Hindu, PIB, finance ministries updates etc. It’s not easy to follow all these resources at the same time. The daily financial updates have been coordinated filtered and compiled in the current affairs session of the banking 2.0. The current affairs will be mainly concentrated on the financial current affairs that have been fetched from these resources. So, it keeps simple to look forward with an extra eye of Entri.

    Banking 2.0 banner

    Back head eye (Look Backward)

    Back head eye means look backward. Looking backward means going to the fundamentals of finance and economics. The aspirants may not be able to understand the whole financial and economic updates happening in our society even Entri makes the resources easily accessible through compilation. It requires a strong foundation for understanding what is what and what is its relevance in the modern system. The non-economic background students may not be able to crack the words fiscal policy, repo rate, National Income accounting principles, inflation rate, deflation rate, RBI monetisation policies etc. For cracking all these every one is advised to go through the NCERT Economic textbook of 11th standard and 12th standard. The textbooks ‘Micro economics’ and ‘Macro economics’ may not be that easy to self-handle it. Understanding this dilemma of students, Entri imparts Banking Foundation course in Banking 2.0. The banking foundation course (BFC) comes with the explained video lectures of the fundamentals of economics and finance that makes a layman into an expert. BFC in banking 2.0 helps you to look backward to have clear vision in the forward direction.

    Read More About Banking Foundation Course in Banking 2.0

    Carve out the best in you with mock test

    Mock tests play an important role in moulding you for the financial awareness expert. Financial awareness is mostly asked in the mains exams and mains exam is descriptive. So, how much you know is equally important with how you convince the examiners. Practice makes a man perfect. Practicing the mock test makes your writing skills, analytical skills and competitive skills to another level. Entri offers you with plenty of mock tests through Banking 2.0 that squeeze your best out of you and make you the best among the aspirants.

    Banking-2.0_rectangle_bannner2

    Ace your preparation for SBI PO 2020

    Conclusion

    Financial awareness in the SBI PO exam is not a nightmare anymore. You can be an expert in it by cracking all these through Banking 2.0 course. Banking 2.0 is customised for an all in all solution for helping all the bank aspirants to crack the difficulties that they may encounter while preparing for the bank exams. All you need to do is enrol in Banking 2.0 , keep studying and keep winning.

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    Manu K Sabu

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