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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

Q2703.Reports & IndicesHard

Under the Sevottam Scheme, how many officers have been trained over the last five financial years, according to the September 2026 CPGRAMS report for States and UTs?

  1. A.About 43,738 officers in 1,312 courses
  2. B.About 23,230 officers in 454 courses
  3. C.About 92,822 officers in 1,312 courses
  4. D.About 12,996 officers in 500 courses
Show answer
Correct answer: A. About 43,738 officers in 1,312 courses

The 50th CPGRAMS report on States and Union Territories states that 1,312 training courses were completed under the Sevottam Scheme over the last five financial years, training roughly 43,738 officers in grievance handling and service delivery.

Q2707.Indian EconomyAsked in: UPSC CAPF · CAPF 2025, Paper IHard

Which one among the following statements is not correct?

  1. A.The Financial Stability and Development Council (FSDC) was set up in 2010.
  2. B.The National Logistics Policy (NLP) was launched in 2022.
  3. C.The Rural Infrastructure Development Fund (RIDF) was instituted in NABARD during 1995-96.
  4. D.The G20 was formed in 2001 as a forum of Finance Ministers and Central Bank Governors.
Show answer
Correct answer: D. The G20 was formed in 2001 as a forum of Finance Ministers and Central Bank Governors.

The G20 was formed in 1999, not 2001, as a forum of Finance Ministers and Central Bank Governors. The Group of Twenty was set up in 1999 after the Asian financial crisis, so that finance ministers and central bank governors of major developed and emerging economies could meet regularly.

Q2708.Indian EconomyAsked in: UPSC CAPF · CAPF 2023, Paper IMedium

Suppose an Indian citizen makes an investment abroad and earns a positive return on her investment. Which of the following is correct?

  1. A.Her income is part of India's GDP, but not part of India's national income.
  2. B.Her income is part of India's national income, but not part of India's GDP.
  3. C.Her income is part of both India's GDP and national income.
  4. D.Her income is neither part of India's GDP, nor its national income.
Show answer
Correct answer: B. Her income is part of India's national income, but not part of India's GDP.

Her return is earned outside India, so it is not in India's GDP, but it is earned by an Indian resident, so it counts in India's national income.

Q2709.Banking & Financial AwarenessAsked in: UPSC CAPF · CAPF 2026, Paper IHard

Consider the following statements about the Special Drawing Facility (SDF) : 1. It makes provision of short-term loans by the RBI to the State Governments/UT Governments against Government Securities. 2. Interest rate charged by the RBI on it is the same as Repo Rate. 3. It can be availed by the State Governments/UT Governments only after exhausting the normal Ways and Means Advances limit. Which of the statements given above is/are correct?

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

The Special Drawing Facility is short-term, secured lending to States, but it is cheaper than the repo rate and comes before ordinary WMA, not after it.

Q2710.Indian EconomyAsked in: UPSC CAPF · CAPF 2025, Paper IMedium

Which one among the following schemes focuses on developing modern infrastructure and optimizing supply chain from farm to retail in Indian agriculture sector?

  1. A.Pradhan Mantri Kisan Sampada Yojana (PMKSY)
  2. B.Rashtriya Krishi Vikas Yojana (RKVY)
  3. C.Pradhan Mantri Kisan Maandhan Yojana (PMKMY)
  4. D.Paramparagat Krishi Vikas Yojana (PKVY)
Show answer
Correct answer: A. Pradhan Mantri Kisan Sampada Yojana (PMKSY)

It is the umbrella scheme of the Ministry of Food Processing Industries for building modern infrastructure and an efficient supply chain from farm gate to retail outlet.

Q2711.Banking & Financial AwarenessAsked in: UPSC CAPF · CAPF 2026, Paper IHard

Consider the following statements about Ways and Means Advances (WMA) : 1. WMA is a provision in which the Reserve Bank of India provides long-term loans to the State Governments/UT Governments and Central Government. 2. WMA is a provision in which the Reserve Bank of India provides short-term loans to the State Governments/UT Governments and Central Government. 3. WMA was introduced in 1997. 4. Interest rate charged by the RBI on WMA is the same as the bank rate. Which of the statements given above is/are correct?

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

Ways and Means Advances are short-term loans from the RBI, and the scheme began in 1997. Governments often spend before their receipts arrive.

Q2712.Science & TechnologyMedium

The capacity building programme on urban service delivery at Mussoorie is organised by NCGG under which department?

  1. A.Department of Administrative Reforms and Public Grievances
  2. B.Department of Personnel and Training
  3. C.Department for Promotion of Industry and Internal Trade
  4. D.Department of Expenditure
Show answer
Correct answer: A. Department of Administrative Reforms and Public Grievances

The National Centre for Good Governance works under this department and organises the Capacity Building Programme on Urban Service Delivery for Civil Servants of Multiple Countries, held at Mussoorie from 12 to 23 October 2026.

Q2714.Science & TechnologyEasy

Which BHASHINI platform provided real-time English to Spanish translation at the NCGG programme in Mussoorie?

  1. A.Shrutlekh
  2. B.Anuvaad
  3. C.Vaani
  4. D.Samvaad
Show answer
Correct answer: A. Shrutlekh

During the ice-breaking session of the capacity building programme on urban service delivery, the Digital India BHASHINI Division deployed Shrutlekh to translate speech as it was spoken, working in both directions between English and Spanish so that delegates from Spanish-speaking countries could take part without a language barrier.

Q2716.Summits & ConferencesMedium

India became the first G20 nation to source 40 per cent of its installed electricity capacity from non-fossil fuels. When did it reach this mark?

  1. A.November 2021
  2. B.November 2019
  3. C.March 2023
  4. D.August 2015
Show answer
Correct answer: A. November 2021

Under the Paris Agreement, India committed in 2015 to meeting 40 per cent of its installed electricity capacity from non-fossil sources by 2030, and the Prime Minister told the forum that the country touched that level in November 2021 itself, nine years ahead of the deadline, becoming the first G20…

Q2717.Summits & ConferencesEasy

In which city was the Bloomberg New Economy Forum held when it came to India for the first time?

  1. A.Mumbai
  2. B.New Delhi
  3. C.Bengaluru
  4. D.Gandhinagar
Show answer
Correct answer: B. New Delhi

The Bloomberg New Economy Forum, which gathers business leaders, policymakers and delegates from many countries for discussions on the economy, technology, energy and global affairs, was held in India for the first time, and the Prime Minister addressed the gathering in the national capital.

GK Questions for sub-exams