Lesson 5.3: Current Affairs & Banking News (Government Schemes, Budget, RBI Policies)
Objective: Stay updated with the latest current affairs, government schemes, budget announcements, and RBI policies for Banking Exams.
1. Government Schemes
-
Major Schemes:
-
PMJDY – Pradhan Mantri Jan Dhan Yojana (Financial Inclusion)
-
PM SVANidhi – Street Vendor Scheme
-
PM Kisan Samman Nidhi – Farmer Support
-
Ayushman Bharat – Health Insurance
-
-
Tips: Note launch dates, objectives, and target beneficiaries.
2. Budget Highlights
-
Understand Union Budget components:
-
Revenue & Expenditure
-
Tax proposals and exemptions
-
Major allocations for agriculture, health, education, and infrastructure
-
-
Focus on recent budgets for Banking Exam questions.
-
Key terms: Fiscal deficit, GDP growth, Subsidies, Allocations
3. RBI Policies & Updates
-
Key Policies:
-
Monetary Policy (Repo Rate, Reverse Repo Rate, CRR, SLR)
-
Inflation Targeting
-
Liquidity Management
-
-
Recent Updates:
-
New RBI circulars affecting banks
-
Policy changes in loan limits, priority sector lending, or digital payments
-
4. Banking & Financial News
-
Recent Mergers & Acquisitions: Know major bank mergers
-
Digital Banking Initiatives: UPI updates, mobile banking features
-
Government Initiatives: Financial literacy campaigns, credit schemes for MSMEs
5. Tips for Banking Exams
-
Read daily newspapers, RBI reports, and financial news portals.
-
Make monthly current affairs notes for revision.
-
Focus on schemes, budget, and RBI policies that are frequently asked.
-
Solve previous years’ current affairs questions to identify exam patterns.
✅ Lesson Summary:
Current Affairs & Banking News require staying updated on government schemes, budget highlights, RBI policies, and recent banking developments. Regular reading, note-making, and revision ensure high accuracy in Banking Exam questions.
