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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

Q2502.Indian EconomyAsked in: UPSC CAPF · CAPF 2021, Paper IMedium

How is the magnitude of price elasticity for an individual good determined? 1. By the degree to which the good is a necessity or luxury 2. By the extent to which substitutes are available 3. By the rate of income growth in the economy 4. By the relative importance of the good in the consumer's budget Select the correct answer using the code given below.

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

The nature of the good, its substitutes and its share in the budget decide how strongly demand reacts to price; the growth of income in the economy does not.

Q2503.Awards & HonoursAsked in: UPSC CAPF · CAPF 2019, Paper IEasy

Zayed Medal is the top civilian honour of

  1. A.Pakistan
  2. B.Saudi Arabia
  3. C.United Arab Emirates
  4. D.Qatar
Show answer
Correct answer: C. United Arab Emirates

The Order of Zayed is the highest civilian decoration of the UAE. The medal is named after Sheikh Zayed bin Sultan Al Nahyan, the founding father of the UAE and its first President from 1971 until his death in 2004.

Q2504.Indian EconomyAsked in: UPSC CAPF · CAPF 2021, Paper IMedium

Which one of the following statements about production possibility frontier is not correct?

  1. A.The production possibility frontier slopes downwards to the right as the resources are limited.
  2. B.The different combinations of various goods and services given the available resources and technology are denoted by the production possibility frontier.
  3. C.Any point on or inside the production possibility frontier is attainable under the existing technology and resources.
  4. D.On the production possibility frontier, the output of one commodity can be increased without changing the output of another commodity.
Show answer
Correct answer: D. On the production possibility frontier, the output of one commodity can be increased without changing the output of another commodity.

On the frontier all resources are already fully used, so more of one good can be produced only by giving up some of the other.

Q2505.Static GKAsked in: UPSC CAPF · CAPF 2025, Paper IMedium

Based on the year of their establishment, arrange the following regional organizations in correct chronological order : 1. The Shanghai Cooperation Organization 2. The South Asian Association for Regional Cooperation 3. The Asia-Pacific Economic Cooperation 4. The Association of Southeast Asian Nations Select the answer using the code given below.

  1. A.3-2-1-4
  2. B.4-2-3-1
  3. C.3-1-2-4
  4. D.4-3-2-1
Show answer
Correct answer: B. 4-2-3-1

ASEAN came first in 1967, then SAARC in 1985, APEC in 1989 and the SCO last, in 2001. The Association of Southeast Asian Nations was set up on 8 August 1967 by the Bangkok Declaration, signed by Indonesia, Malaysia, the Philippines, Singapore and Thailand.

Q2506.Government SchemesHard

Which of the following statements about BHAVYA is correct?

  1. A.It runs for three years and offers assistance of Rs 5 crore per acre
  2. B.It runs for six years and offers assistance of up to Rs 1 crore per acre
  3. C.It is funded entirely by state governments with no central outlay
  4. D.It covers only chemical parks under the Rasayan component
Show answer
Correct answer: B. It runs for six years and offers assistance of up to Rs 1 crore per acre

The scheme period stretches from FY2026-27 to FY2031-32, and the per-acre assistance supports internal roads, power supply, water networks, drainage, common effluent treatment, value-added infrastructure and technology-enabled administration, with up to a quarter of approved funding available for external road, rail and last-mile logistics connectivity.

Q2507.Government SchemesMedium

What share of GDP does the National Manufacturing Mission aim for manufacturing to reach, and by when?

  1. A.20 per cent by 2030
  2. B.25 per cent by 2035
  3. C.30 per cent by 2047
  4. D.17 per cent by 2032
Show answer
Correct answer: B. 25 per cent by 2035

India’s manufacturing sector at present contributes roughly 16 to 17 per cent of GDP and employs more than 27 million workers, and the National Manufacturing Mission sets the goal of lifting that contribution to a quarter of the economy by 2035.

Q2508.Government SchemesMedium

How many industrial parks are to be developed under BHAVYA, and how many in its first phase?

  1. A.100 in all, up to 50 in the first phase
  2. B.260 in all, up to 100 in the first phase
  3. C.370 in all, up to 50 in the first phase
  4. D.50 in all, up to 25 in the first phase
Show answer
Correct answer: A. 100 in all, up to 50 in the first phase

BHAVYA proposes a nationwide rollout of 100 plug-and-play industrial parks, and in the first phase up to 50 of them are to be selected through challenge mode across two selection rounds, judged on project readiness, land availability and industrial potential.

Q2510.DefenceMedium

At which meeting was the setting up of the ASEAN-India Defence Think Tank Forum announced?

  1. A.The first ASEAN-India Defence Ministers’ Informal Meeting in New Delhi
  2. B.The East Asia Summit in Vientiane
  3. C.The second ASEAN-India Defence Ministers’ Informal Meeting in Kuala Lumpur
  4. D.The Shangri-La Dialogue in Singapore
Show answer
Correct answer: C. The second ASEAN-India Defence Ministers’ Informal Meeting in Kuala Lumpur

The Raksha Mantri made the announcement there on 31 October 2025, on the sidelines of the 12th ADMM-Plus, and the forum held in New Delhi is the follow-through on that commitment.

Q2511.DefenceEasy

The year 2026 has been designated as the ASEAN-India Year of which kind of cooperation?

  1. A.Digital Cooperation
  2. B.Maritime Cooperation
  3. C.Tourism Cooperation
  4. D.Green Energy Cooperation
Show answer
Correct answer: B. Maritime Cooperation

Speaking at the forum, the Raksha Mantri noted that this year has been designated the ASEAN-India Year of Maritime Cooperation and treated it as a chance to convert shared interest into practical steps: better sharing of maritime information, closer work between navies and coast guards, and the ability to respond…

Q2512.DefenceMedium

What is the full form of MAHASAGAR, cited by the Raksha Mantri at the forum?

  1. A.Maritime Harmony and Security Alliance for Growth and Regional Advancement
  2. B.Mutual and Holistic Advancement for Security and Growth Across Regions
  3. C.Maritime Highway for South Asian Growth and Regional Access
  4. D.Mission for Advancement of Harbours, Shipping and Growth Across Regions
Show answer
Correct answer: B. Mutual and Holistic Advancement for Security and Growth Across Regions

At the forum the Defence Minister placed MAHASAGAR alongside SAGAR, which expands to Security and Growth for All in the Region, and said both, together with the Act East policy, argue for open and multipolar cooperation channelled through ASEAN-led mechanisms that sit at the centre of India’s Indo-Pacific vision.

Q2513.DefenceEasy

Where was the first ASEAN-India Defence Think Tank Forum held in October 2026?

  1. A.Kuala Lumpur, Malaysia
  2. B.MP-IDSA, New Delhi
  3. C.Jakarta, Indonesia
  4. D.Manila, Philippines
Show answer
Correct answer: B. MP-IDSA, New Delhi

The maiden ASEAN-India Defence Think Tank Forum was convened at the Manohar Parrikar Institute for Defence Studies and Analyses in New Delhi, where Raksha Mantri Rajnath Singh addressed delegates from India and all eleven ASEAN member states across a two-day programme.

Q2514.EconomyHard

What was the weight of the WPI Food Index, and what inflation did it record in September 2026?

  1. A.Weight 24.99 per cent, inflation 8.66 per cent
  2. B.Weight 15.97 per cent, inflation 7.05 per cent
  3. C.Weight 22.75 per cent, inflation 8.14 per cent
  4. D.Weight 63.12 per cent, inflation 9.76 per cent
Show answer
Correct answer: A. Weight 24.99 per cent, inflation 8.66 per cent

The WPI Food Index is a composite built from food articles within the Primary Articles major group and manufactured food products within the Manufactured Products group, and it carries a weight of 24.99 per cent in the index.

Q2518.EconomyMedium

How many coir units are registered on the Udyam registration portal, and how many people do they employ?

  1. A.Over 11,000 units, employing 1.2 lakh persons
  2. B.Over 21,000 units, employing 2.3 lakh persons
  3. C.Over 31,000 units, employing 4.5 lakh persons
  4. D.Over 51,000 units, employing 8.1 lakh persons
Show answer
Correct answer: B. Over 21,000 units, employing 2.3 lakh persons

Bringing these units on to the Udyam registration portal places them inside the formal MSME policy system, so they can reach the credit, training and market support the government offers.

Q2519.EconomyMedium

The Coir Vikas Yojana (CVY) is a central sector scheme of which Union ministry?

  1. A.Ministry of Textiles
  2. B.Ministry of Agriculture and Farmers’ Welfare
  3. C.Ministry of Commerce and Industry
  4. D.Ministry of Micro, Small and Medium Enterprises
Show answer
Correct answer: D. Ministry of Micro, Small and Medium Enterprises

The scheme funds the development of machines, technologies and products, conducts skill training and promotional work, pushes sales in domestic as well as overseas markets, creates awareness through publicity and trade fairs, gives financial help to lift sales, takes exporters to international exhibitions and compiles the sector’s statistics.

GK Questions for sub-exams