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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

Q2862.InternationalMedium

Which bilateral mechanism’s outcomes were reviewed during the Finance Minister’s talks with the Singapore leadership?

  1. A.2nd India-Singapore Ministerial Roundtable
  2. B.3rd India-Singapore Ministerial Roundtable
  3. C.4th India-Singapore Ministerial Roundtable
  4. D.6th India-Singapore Ministerial Roundtable
Show answer
Correct answer: C. 4th India-Singapore Ministerial Roundtable

The engagements in Singapore gave the two sides an opportunity to review progress in advancing the outcomes of that roundtable and to explore avenues for deepening the Comprehensive Strategic Partnership between India and Singapore.

Q2864.InternationalEasy

Who is the President of Singapore, on whom the Union Finance Minister called during her October 2026 visit?

  1. A.Lawrence Wong
  2. B.Tharman Shanmugaratnam
  3. C.Gan Kim Yong
  4. D.Vivian Balakrishnan
Show answer
Correct answer: B. Tharman Shanmugaratnam

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman called on him during her visit from 8 to 11 October 2026 and also attended a luncheon he hosted along with the Managing Director of the International Monetary Fund.

Q2865.Government SchemesMedium

Under the new agreement, candidates for RSETI training will be registered through which platform?

  1. A.Kaushal Panjee
  2. B.Udyam Panjee
  3. C.Skill Setu
  4. D.Gram Kaushal Portal
Show answer
Correct answer: A. Kaushal Panjee

A key aim of the partnership is better candidate registration through this platform, together with Aadhaar-based face authentication under the Aadhaar Enabled Biometric Attendance System, so that enrolment and attendance at the institutes are both verifiable.

Q2866.Government SchemesEasy

With which body did the Ministry of Rural Development exchange an MoU in October 2026 to strengthen the Rural Self Employment Training Institutes?

  1. A.National Bank for Agriculture and Rural Development
  2. B.National Academy of RUDSETI
  3. C.National Skill Development Corporation
  4. D.National Institute of Rural Development and Panchayati Raj
Show answer
Correct answer: B. National Academy of RUDSETI

The agreement signed on 12 October 2026 covers uniform training standards, quality administration and systematic capacity building at the Rural Self Employment Training Institutes, and extends to the settlement of trained candidates, their credit linkage and the monitoring of both.

Q2868.State NewsMedium

The railway line that brought Mizoram onto India’s railway map connects Bairabi with which station, and how long is it?

  1. A.Sairang, 51.38 kilometres
  2. B.Silchar, 74 kilometres
  3. C.Sairang, 21 kilometres
  4. D.Zemabawk, 32.70 kilometres
Show answer
Correct answer: A. Sairang, 51.38 kilometres

The Bairabi-Sairang railway line of that length was called a historic milestone that placed Mizoram on the railway map of the country and changed the state’s access to major economic centres.

Q2872.Science & TechnologyMedium

Who chaired the Pre-Cyclone Exercise Meeting for the post-monsoon season of 2026, at which the new Decision Support System was launched?

  1. A.The Union Minister of Earth Sciences
  2. B.The Director General of Meteorology, IMD
  3. C.The Chairperson of the National Disaster Management Authority
  4. D.The Secretary, Ministry of Home Affairs
Show answer
Correct answer: B. The Director General of Meteorology, IMD

The bi-annual Pre-Cyclone Exercise Meeting for the post-monsoon season, covering October to December 2026, was held under the chairmanship of Dr. Mrutyunjay Mohapatra, Director General of Meteorology at the India Meteorological Department, who is also the 3rd Vice President of the World Meteorological Organisation.

Q2873.Science & TechnologyEasy

Which organisation dedicated the Cyclone Warning and Marine Weather Services Decision Support System to the nation in October 2026?

  1. A.National Disaster Management Authority
  2. B.India Meteorological Department
  3. C.Indian National Centre for Ocean Information Services
  4. D.National Centre for Medium Range Weather Forecasting
Show answer
Correct answer: B. India Meteorological Department

The IMD, which works under the Ministry of Earth Sciences, dedicated the Cyclone Warning and Marine Weather Services Decision Support System to the nation on 12 October 2026.

Q2874.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2021, GS Paper IHard

With reference to India, consider the following statements: 1. Retail investors through demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in primary market. 2. The 'Negotiated Dealing System-Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange. Which of the statements given above is/are correct?

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

Retail investors can bid for government securities in primary auctions, and NDS-OM is the RBI's trading platform for them, but CDSL was not promoted by the RBI.

Q2875.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IMedium

With reference to the Indian economy, consider the following statements: 1. A share of the household financial savings goes towards government borrowings. 2. Dated securities issued at market-related rates in auctions form a large component of internal debt. Which of the above statements 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: C. Both 1 and 2

Household savings reach the government through many channels, and dated securities sold in auctions make up the bulk of the Centre's internal debt.

Q2876.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IMedium

Which of the following is/are included in the capital budget of the Government of India? 1. Expenditure on acquisition of assets like roads, buildings, machinery, etc. 2. Loans received from foreign governments 3. Loans and advances granted to the States and Union Territories Select the correct answer using the code given below.

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

The capital budget records capital receipts and capital expenditure, and all three items fall in it. The Union Budget has two parts.

Q2877.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IEasy

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? 1. It decides the RBI's benchmark interest rates. 2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 3. It functions under the chairmanship of the Union Finance Minister. Select the correct answer using the code given below:

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

The MPC fixes the policy repo rate, the RBI's benchmark rate, but it has six members and is chaired by the RBI Governor.

Q2878.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2021, GS Paper IMedium

With reference to Indian economy, demand-pull inflation can be caused/increased by which of the following? 1. Expansionary policies 2. Fiscal stimulus 3. Inflation-indexing wages 4. Higher purchasing power 5. Rising interest rates Select the correct answer using the code given below.

  1. A.1, 2 and 4 only
  2. B.3, 4 and 5 only
  3. C.1, 2, 3 and 5 only
  4. D.1, 2, 3, 4 and 5
Show answer
Correct answer: A. 1, 2 and 4 only

Expansionary policies, fiscal stimulus and higher purchasing power all raise aggregate demand, which is what drives demand-pull inflation. Demand-pull inflation happens when total demand for goods and services runs ahead of what the economy can supply, described as too much money chasing too few goods.

Q2879.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IMedium

With reference to the expenditure made by an organisation or a company, which of the following statements is/are correct? 1. Acquiring new technology is capital expenditure. 2. Debt financing is considered capital expenditure, while equity financing is considered revenue expenditure. Select the correct answer using the code given below:

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

Buying new technology creates a lasting asset, so it is capital expenditure; debt and equity are ways of raising money, not kinds of expenditure.

Q2880.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IEasy

In the context of which of the following do you sometimes find the terms 'amber box, blue box and green box' in the news?

  1. A.WTO affairs
  2. B.SAARC affairs
  3. C.UNFCCC affairs
  4. D.India-EU negotiations on FTA
Show answer
Correct answer: A. WTO affairs

Amber, blue and green boxes are the categories in which the WTO Agreement on Agriculture classifies farm subsidies. The Agreement on Agriculture came out of the Uruguay Round and took effect with the WTO in 1995.

GK Questions for sub-exams