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IBPS PO Exam 2013: General Awareness Study Material (E Book)

Institute of Banking and Personnel Selection (IBPS)Institute of Banking and Personnel Selection (IBPS) is all set to conduct Common Written Examination for recruitment of Probationary Officers. IBPS PO Exam 2013 is scheduled to be held on 19 October 2013, 20 October 2013, 26 October 2013, and 27 October 2013. The common written examination includes 5 sections comprising General Awareness, English Language, Reasoning, Quantitative Aptitude, and Computer Knowledge.

The General Awareness (GA) Section of IBPS PO Exam that will comprise 40 questions from topics like money, banking, economics, etc., is quite a challenging but can be highly scoring if prepared well. To prepare comprehensively for GA section, banking aspirant would have to have a right preparation strategy and an all-inclusive study material. Here, Jagranjosh provides a one-stop solution for it by offering “IBPS PO Exam 2013: General Awareness Study Material (E Book)”, which is a perfect blend of all the basic questions and terms of banking and economics in chapter-wise format.

Chapter: Money and Banking in India

DEFINITION OF MONEY

Money is anything, which is generally acceptable as means of payment in the settlement of all transactions, including debt. It is the commonly used as medium of exchange. It has power to purchase things directly in all markets. It does not require to be converted into something else before it can be spent or used. General acceptability as the common means of payment is the distinctive characteristic of money.

FUNCTIONS OF MONEY

Medium of Exchange

  • It is a characteristic that distinguishes money from other assets (near-money or non-money). All other functions of money are derived from this primary function.
  • Without money, exchange will involve a direct barter of goods and services for goods and services. It always promotes transactional efficiency in exchange and allocation efficiency.

Unit of Account

  • This function of money is also variously known as unit of value, standard of value, common denominator of value and common measure of value.
  • In terms of money, the values of all goods and services are expressed which ensures possible meaningful accounting systems by adding up the values of goods and services, e.g. National income estimates of a country, money cost of a project, etc.

Standard of Deferred Payment

  • Money serves as a standard or unit through which deferred or future payments can be made. This applies to payments of interest, rents, salaries, insurance premium etc.
  • In a money-using system, the bulk of deferred payments are stipulated in money terms.

Store of Value

This function is derived from the use of money as a medium of exchange in a two-fold manner. First, it decomposes a single barter transaction into two separate transactions of purchase and sale. Second, in money-using system, incomes in the form of wages, salaries, rent, interest and profits are money payments received discontinuously.

The above concept is taken from IBPS PO Exam 2013: General Awareness Study Material (E Book).

Check the Sample e-Book, to verify the content that jagranjosh.com will deliver in the IBPS PO Exam 2013: General Awareness (Basic) E-Book.

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91 Comment

Devi,

please send IBPS exam questions and answers to my id devimalikayil@gmail.com

G Muneeswari,

i want this usable tips

shaik fathima,

plz send ibps current affairs questions to my id is fathimashaik00@gmail.com

E s priyanga,

i need SBI,IOB, bank exam details 2 b send 2 my email. Need more guideliness related 2 banks,study materials,model question paper nd nature of bank job also

k vishwam,

send the questions and answers for ibps paractice papaers. thanking you

kirubakaran,

study material for ibps

tina sinha,

general awareness of ibps po exam oct,2013

SUMIT,

Plz send IBPS PO 2013 General awareness current(E-book) and IBPS PO 2013 General awareness Basic(E-book

Pallavi Ghosh,

Plz send IBPS PO 2013 General awareness current(E-book) and IBPS PO 2013 General awareness Basic(E-book)

umarani,

pls send me for general knowledge (current affairs) and reasoning

akanksha,

i am not getting free study material on banking terms and banking news.plz help me

rams,

Plz send IBPS PO 2013 General awareness current(E-book) and IBPS PO 2013 General awareness Basic(E-book)

pravin,

please send me the general awareness material to my mail id or is this book available in the market

SANGRAM,

THIS IS VERY KNOWLEDGEABLE

Anand Kumar Rana,

please sent me study materials for general knowledge and reasoning..i will be thankful to u..

avinash,

kindly nd me economy affairs and other materials helpful for ibps po 3.... thanks

Urvi Parmar,

thanks!

Anand Prakash Pandey,

can you please send me study material for general awareness on my email id

Anand Prakash Pandey,

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esakkidoss,

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ravi,

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atul,

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rinki gajbhiye,

i want the e-book of general awareness for the preparation of ibps po

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