Skip to content
GK24

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

Q2301.Important DaysMedium

Which purity grades of silver are covered by the BIS Silver Refinery Scheme announced on World Standards Day 2026?

  1. A.995.0, 990.0 and 985.0 parts per thousand
  2. B.999.9, 999.5 and 999.0 parts per thousand
  3. C.916, 875 and 750 parts per thousand
  4. D.999.99 and 999.95 parts per thousand only
Show answer
Correct answer: B. 999.9, 999.5 and 999.0 parts per thousand

These three grades of fine silver bullion and coins were brought within the scope of the standard after the gazette notification of Amendment No. 1 to IS 2112:2025, which deals with silver and silver alloys, jewellery and artefacts, their fineness and their marking.

Q2302.Important DaysEasy

What was the theme of World Standards Day 2026?

  1. A.Shared Vision for a Better World: SDG 7 (Clean & Affordable Energy)
  2. B.Standards for Climate Resilient Infrastructure
  3. C.Quality for a Self-Reliant India
  4. D.Standards for a Digital Decade
Show answer
Correct answer: A. Shared Vision for a Better World: SDG 7 (Clean & Affordable Energy)

This was the theme announced for the national celebration held in New Delhi, and it shaped the day's announcements: the Bureau of Indian Standards released standards on clean energy mobility, including one for electric vehicle charging cables and another for pedal assisted bicycles, and the Union Minister for Consumer Affairs…

Q2303.Books & AuthorsMedium

Dr. Ananda Shankar Jayant, author of ‘Dancing with Joy’, belonged to which civil service?

  1. A.Indian Administrative Service
  2. B.Indian Revenue Service
  3. C.Indian Railway Traffic Service
  4. D.Indian Information Service
Show answer
Correct answer: C. Indian Railway Traffic Service

Besides being a renowned classical dancer and author, she served as an officer of that service, and this detail is the kind of cross-link a paper setter likes, because it ties a book release to the services list.

Q2306.EconomyMedium

Which societies are covered in the initial phase of MSCARO, 2026?

  1. A.Those crossing Rs 100 crore
  2. B.Those crossing Rs 250 crore
  3. C.Those crossing Rs 1,000 crore
  4. D.All registered societies from the first day
Show answer
Correct answer: C. Those crossing Rs 1,000 crore

Implementation has deliberately been made phased, and the first phase covers larger societies that cross this threshold in the relevant financial parameters, so that smaller institutions have extra time to strengthen their internal systems and processes before the enhanced reporting reaches them.

Q2307.EconomyHard

Under which provision has the Central Government been empowered to prescribe auditing and accounting standards for Multi-State Cooperative Societies?

  1. A.Section 73(6) of the Multi-State Co-operative Societies (Amendment) Act, 2023
  2. B.Section 35 of the Banking Regulation Act, 1949
  3. C.Section 143 of the Companies Act, 2013
  4. D.Article 243ZH of the Constitution
Show answer
Correct answer: A. Section 73(6) of the Multi-State Co-operative Societies (Amendment) Act, 2023

That amendment gave the Central Government the power to prescribe auditing and accounting standards for these societies, and the new audit reporting order has been formulated in pursuance of the provision.

Q2308.EconomyEasy

MSCARO, 2026 mandated by the Ministry of Cooperation relates to which subject?

  1. A.Election of office bearers in cooperative banks
  2. B.Statutory audit reporting by Multi-State Cooperative Societies
  3. C.Registration of new primary agricultural credit societies
  4. D.Minimum capital norms for urban cooperative banks
Show answer
Correct answer: B. Statutory audit reporting by Multi-State Cooperative Societies

MSCARO stands for the Multi-State Co-operative Societies (Auditor’s Report) Order, and the version mandated now creates a uniform, structured and risk-based framework in which auditors report on financial, administrative, governance and statutory compliance parameters through a standard format with clear Yes or No answers and remarks.

Q2309.NationalMedium

Which price of sugar is the committee asked to examine for revision?

  1. A.The retail ceiling price of sugar
  2. B.The export floor price of sugar
  3. C.The ex-mill Minimum Selling Price of sugar
  4. D.The levy sugar price for ration shops
Show answer
Correct answer: C. The ex-mill Minimum Selling Price of sugar

The committee has been asked to examine the demand for revising this price in the light of the cost of producing sugar, what mills actually realise in the market, and the financial viability of the mills themselves.

Q2310.NationalMedium

Representatives of sugarcane farmers from which two States met the Union Ministers before the committee was constituted?

  1. A.Uttar Pradesh and Bihar
  2. B.Karnataka and Maharashtra
  3. C.Punjab and Haryana
  4. D.Tamil Nadu and Andhra Pradesh
Show answer
Correct answer: B. Karnataka and Maharashtra

The committee was constituted following the decisions taken during a meeting in which representatives of sugarcane farmers from these two States met the Union Minister of Agriculture and Farmers Welfare together with the Union Minister of Consumer Affairs, Food and Public Distribution.

Q2312.Banking & FinanceMedium

Which two methods were used to arrive at the benchmark price for the IDBI Bank transaction?

  1. A.Discounted Cash Flow Method and Book Value Method
  2. B.Market Multiple Method and Asset Valuation Method
  3. C.Reserve Price Method and Stock Market Price Method
  4. D.Dividend Yield Method and Replacement Cost Method
Show answer
Correct answer: B. Market Multiple Method and Asset Valuation Method

Two independent professional agencies valued the bank, one comparing it against the closing accounts of all public sector banks as on 31 March 2026 under relative valuation, the other weighing tangible and intangible assets, land and property included, against liabilities in the audited accounts of the same date.

Q2314.Banking & FinanceEasy

Which entity has been approved as the Strategic Buyer for IDBI Bank Ltd?

  1. A.M/s 10955230 Canada Inc, a Fairfax Financial Holdings entity
  2. B.Life Insurance Corporation of India
  3. C.Prem Watsa Capital Partners Ltd
  4. D.Emirates NBD Bank PJSC
Show answer
Correct answer: A. M/s 10955230 Canada Inc, a Fairfax Financial Holdings entity

The Cabinet Committee on Economic Affairs picked this company as the Strategic Buyer when it approved the strategic restructuring of the bank, and its parent is M/s Fairfax Financial Holdings Ltd.

Q2315.Government SchemesMedium

Which corporation implements BHARAT TULIP for the ministry?

  1. A.NSFDC
  2. B.NBCFDC
  3. C.TRIFED
  4. D.KVIC
Show answer
Correct answer: B. NBCFDC

The Ministry of Social Justice and Empowerment works through this corporation to run BHARAT TULIP, and it is NBCFDC that facilitates market linkages for artisans on digital platforms and e-commerce channels, along with promotion, quality assurance, skill development and support for logistics and delivery.

Q2316.Government SchemesMedium

BHARAT TULIP is being implemented by which ministry?

  1. A.Ministry of Textiles
  2. B.Ministry of Social Justice and Empowerment
  3. C.Ministry of Micro, Small and Medium Enterprises
  4. D.Ministry of Tribal Affairs
Show answer
Correct answer: B. Ministry of Social Justice and Empowerment

It implements the programme through the National Backward Classes Finance and Development Corporation, which handles the market linkage work on digital platforms and e-commerce channels.

Q2317.Government SchemesEasy

In BHARAT TULIP, the abbreviation TULIP stands for which of the following?

  1. A.Traditional Artisans' Upliftment Livelihood Programme
  2. B.Textile Upgradation and Livelihood Investment Programme
  3. C.Tribal Upliftment and Local Industry Programme
  4. D.Training for Urban Livelihood and Industrial Production
Show answer
Correct answer: A. Traditional Artisans' Upliftment Livelihood Programme

That is what the abbreviation stands for in BHARAT TULIP, the programme the Ministry of Social Justice and Empowerment runs through the National Backward Classes Finance and Development Corporation to broaden the market reach of traditional artisans.

Q2318.Science & TechnologyMedium

Who is the Director of NIPER Raebareli, quoted on the proposed Centre of Excellence?

  1. A.Manoj Joshi
  2. B.Dr Shubhini Saraf
  3. C.Praveen Rao Akkinepally
  4. D.Dr M L Jat
Show answer
Correct answer: B. Dr Shubhini Saraf

As Director of NIPER Raebareli she said the proposed Centre of Excellence would serve as a dedicated platform for structured training and certification in clinical research, and that bringing academic and industry expertise together would produce a model capable of being repeated in other regions and therapeutic areas.

Q2319.Science & TechnologyMedium

The clinical research collaboration signed at New Delhi advances which flagship government initiative?

  1. A.Biopharma SHAKTI
  2. B.Ayushman Bharat
  3. C.Mission Indradhanush
  4. D.PRIP Scheme
Show answer
Correct answer: A. Biopharma SHAKTI

It is described as the central government's flagship initiative for building a stronger biopharma ecosystem, and among its goals is the creation of a thousand clinical trial sites across the country; the partnership between NIPER Raebareli and AstraZeneca India directly serves that objective.

GK Questions for sub-exams