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Banking GK Questions 2026

The static part of banking awareness is mostly banking and the economy; history and geography get a smaller share than in SSC exams. The test names say so: General/Economy/Banking Awareness including RBI circulars in IBPS PO, General Awareness/ Economy/ Banking Knowledge in SBI PO, and General/Financial Awareness in the clerk exams. Questions keep returning to the RBI and its functions, monetary policy tools such as the repo rate, CRR and SLR, types of banks and accounts, NPAs, KYC, priority sector lending, payment systems such as UPI, NEFT and RTGS, regulators such as SEBI, IRDAI and PFRDA, development institutions such as NABARD and SIDBI, the Budget and the Economic Survey. RBI Grade B and NABARD Grade A go further, with full papers on Economic and Social Issues, and NABARD on Agriculture and Rural Development: agronomy, irrigation, animal husbandry, climate change and rural development schemes. Some static GK still appears: headquarters and heads of banks, currencies and capitals, and important days. This page gathers GK24's topic-wise GK notes for banking exams, in English and Hindi, in short facts and tables. Read one topic at a sitting, then take its topic quiz to see what you remember.

Banking GK Questions with Answers

Q2141.Banking & Financial AwarenessAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IHard

With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements : 1. There is no minimum capital requirement for wholly owned banking subsidiaries in India. 2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. Which of the statements given above is/are correct ?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: B. 2 only

RBI does set a minimum capital for a foreign bank's wholly owned subsidiary, and it requires at least half the board to be Indian nationals.

Q2142.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IMedium

With reference to physical capital in Indian economy, consider the following pairs : Items — Category 1. Farmer's plough — Working capital 2. Computer — Fixed capital 3. Yarn used by the weaver — Fixed capital 4. Petrol — Working capital How many of the above pairs are correctly matched?

  1. A.Only one
  2. B.Only two
  3. C.Only three
  4. D.All four
Show answer
Correct answer: B. Only two

Pairs 2 and 4 are correct; pairs 1 and 3 have the categories the wrong way round. Physical capital is split by how long it lasts in production.

Q2145.Government SchemesEasy

How many additional houses were approved under PMAY-U 2.0 at the 10th meeting of the Central Sanctioning and Monitoring Committee?

  1. A.1.93 lakh
  2. B.2.93 lakh
  3. C.1.19 lakh
  4. D.3.91 lakh
Show answer
Correct answer: A. 1.93 lakh

At the 10th meeting of the Central Sanctioning and Monitoring Committee, held in New Delhi on 16 October 2026 under the chairmanship of Urban Development Secretary Satendra Singh, over 1.93 lakh additional houses were cleared under Pradhan Mantri Awas Yojana - Urban 2.0.

Q2146.Indian EconomyAsked in: UPSC CAPF · CAPF 2019, Paper IMedium

Which one of the following statements is true with regard to an economy which is on its production possibility frontier?

  1. A.The economy has to sacrifice some production of one commodity in order to increase the production of another commodity
  2. B.There is no limit or constraint for the economy in the production of goods and services
  3. C.The economy can produce more of one commodity up to a point without reducing the production of any other commodity
  4. D.Its production possibility frontier is an upward sloping curve
Show answer
Correct answer: A. The economy has to sacrifice some production of one commodity in order to increase the production of another commodity

On the frontier all resources are fully and efficiently used, so producing more of one good is possible only by giving up some of the other.

Q2148.Indian EconomyAsked in: UPSC CAPF · CAPF 2019, Paper IMedium

Which one of the following is an example of a price ceiling?

  1. A.Fares charged by Airlines in India
  2. B.Price printed on biscuit packets
  3. C.Minimum support price for cane growers
  4. D.Minimum wages fixed by state Governments
Show answer
Correct answer: B. Price printed on biscuit packets

The printed maximum retail price is the most a seller may charge, so it works as an upper limit, a price ceiling.

Q2149.Indian EconomyAsked in: UPSC CAPF · CAPF 2021, Paper IEasy

On the basis of employment conditions, the economy is divided into

  1. A.organized and unorganized sectors
  2. B.private and public sectors
  3. C.seasonal and disguised sectors
  4. D.primary, secondary and tertiary sectors
Show answer
Correct answer: A. organized and unorganized sectors

The terms of employment, such as regular jobs, fixed hours and legal protection, decide whether work belongs to the organized or the unorganized sector.

Q2152.Indian EconomyAsked in: UPSC CAPF · CAPF 2020, Paper IMedium

Which one of the following educational development indicators is currently used by United Nations Development Programme (UNDP) to construct Human Development Index?

  1. A.Level of Literacy
  2. B.Gross Enrolment Ratio
  3. C.Mean Years of Schooling
  4. D.Dropout rate
Show answer
Correct answer: C. Mean Years of Schooling

Since 2010 the UNDP measures the education dimension of the HDI with mean years of schooling and expected years of schooling.

Q2153.Indian EconomyAsked in: UPSC CAPF · CAPF 2021, Paper IMedium

For anything to be recognized as money, it needs to have which of the following characteristics? 1. Act as an intermediate in the exchange process 2. Standard unit for quoting prices 3. Must be easily divisible 4. Have higher value in alternative uses Select the correct answer using the code given below.

  1. A.1, 2 and 4
  2. B.2 and 3 only
  3. C.1, 2 and 3
  4. D.1, 3 and 4
Show answer
Correct answer: C. 1, 2 and 3

Money must work as a medium of exchange, serve as a unit of account and be easy to divide; a higher value in other uses is not required.

Q2154.SportsHard

Which of the following is a new component introduced in the revised scheme?

  1. A.Setting up single-sport Olympic Training Centres
  2. B.Free air tickets for all domestic athletes
  3. C.A cash award for every medal won at school games
  4. D.Monthly pension for all serving coaches
Show answer
Correct answer: A. Setting up single-sport Olympic Training Centres

Until now, athletes preparing for major international competitions trained at National Centres of Excellence, academies, private facilities and foreign venues.

Q2156.SportsMedium

What is the total outlay of the revised Scheme of Assistance to National Sports Federations?

  1. A.Rs 3,062 crore
  2. B.Rs 7,386.74 crore
  3. C.Rs 12,500 crore
  4. D.Rs 980 crore
Show answer
Correct answer: B. Rs 7,386.74 crore

The Government approved the continuation of the Scheme of Assistance to National Sports Federations for the five years from 2026-27 to 2030-31, which corresponds to the Sixteenth Finance Commission cycle, at this outlay, and the Ministry of Youth Affairs and Sports then issued the operational guidelines along with revised norms…

Q2160.Summits & ConferencesMedium

Which ministry organises India Mining Week?

  1. A.Ministry of Mines
  2. B.Ministry of Coal
  3. C.Ministry of Steel
  4. D.Ministry of Commerce and Industry
Show answer
Correct answer: B. Ministry of Coal

The correct answer is the Ministry of Coal, which issued the announcement on the rescheduling of its flagship mining event.

GK Questions for sub-exams