Is Domain Knowledge an important aspect in manual testing?

Is Domain Knowledge An Important Aspect In Manual Testing?
1. Mobile application testing.
2. Network testing ( For example: LTE)
3. Banking and Finance sector.
4. Insurance and Manufacturing sector.
5. VoIP testing.
6. Health care software.
Main advantage which makes difference here is that when a tester has common sense, he can find obvious bugs but when he has domain knowledge, he can find bugs which are related to core functionality since he know the flow of the application and know what goes where. Here, I am going to take an example of mobile application testing. Say tester has to test an application which is related to music. If he does not have any prior domain knowledge of the application then he will not know the various options we have to sync music from and whether all of them working fine or not! Also what type of music files are supported by the application and which are not compatible with it. But if has domain knowledge then he can even give his ideas to make that application better and more usable.

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