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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

Q2461.InternationalMedium

Which sectors were identified as key areas for further India-Brunei cooperation at the meeting?

  1. A.Textiles, leather and gems
  2. B.Pharmaceuticals, healthcare and energy
  3. C.Defence, space and shipping
  4. D.Fisheries, mining and railways
Show answer
Correct answer: B. Pharmaceuticals, healthcare and energy

On the first two the two sides examined regulatory collaboration, procurement and healthcare services, recognising the scope for much greater engagement between them.

Q2463.Reports & IndicesHard

The highlights of which two surveys are presented in the 121st issue of Sarvekshana?

  1. A.Annual Survey of Industries and the Consumer Expenditure Survey
  2. B.Annual Survey of Unincorporated Sector Enterprises 2025 and Periodic Labour Force Survey 2025
  3. C.National Family Health Survey and the Periodic Labour Force Survey
  4. D.Household Consumption Expenditure Survey and the Economic Census
Show answer
Correct answer: B. Annual Survey of Unincorporated Sector Enterprises 2025 and Periodic Labour Force Survey 2025

Both were conducted by the National Sample Survey and both cover January to December 2025, and the inclusion of their highlights gives readers a view of the unincorporated enterprise sector and of trends in the labour market.

Q2464.Reports & IndicesMedium

Which body released the 121st issue of Sarvekshana?

  1. A.National Statistical Commission
  2. B.National Statistical Systems Training Academy
  3. C.Central Statistics Office
  4. D.National Sample Survey Office
Show answer
Correct answer: B. National Statistical Systems Training Academy

Through the continued publication of this journal the academy encourages research in official statistics, promotes wider application of statistical data and methodological innovation, and strengthens the analytical foundation of evidence-based policymaking.

Q2467.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.

Q2468.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…

Q2469.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.

Q2472.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.

Q2473.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.

Q2474.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.

Q2475.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.

Q2476.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.

Q2478.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.

Q2480.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.

GK Questions for sub-exams