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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

Q2881.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2018, GS Paper IHard

Consider the following statements: 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments. 2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments. 3. As per the Constitution of India, it is mandatory for a State to take the Central Government's consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statements given above is/are correct?

  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: C. 1 and 3 only

Statement 1 states the FRBM Review Committee's target correctly and statement 3 is Article 293(3), while statement 2 swaps the figures.

Q2882.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2020, GS Paper IEasy

"Gold Tranche" (Reserve Tranche) refers to

  1. A.a loan system of the World Bank
  2. B.one of the operations of a Central Bank
  3. C.a credit system granted by WTO to its members
  4. D.a credit system granted by IMF to its members
Show answer
Correct answer: D. a credit system granted by IMF to its members

The reserve tranche is the part of a member's IMF quota that it can draw on at any time, without conditions.

Q2883.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2021, GS Paper IEasy

Which one of the following is likely to be the most inflationary in its effects?

  1. A.Repayment of public debt
  2. B.Borrowing from the public to finance a budget deficit
  3. C.Borrowing from the banks to finance a budget deficit
  4. D.Creation of new money to finance a budget deficit
Show answer
Correct answer: D. Creation of new money to finance a budget deficit

Printing new money adds fresh purchasing power to the economy without any matching rise in goods, so it pushes prices up the most.

Q2884.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IHard

Which one of the following situations best reflects "Indirect Transfers" often talked about in media recently with reference to India?

  1. A.An Indian company investing in a foreign enterprise and paying taxes to the foreign country on the profits arising out of its investment
  2. B.A foreign company investing in India and paying taxes to the country of its base on the profits arising out of its investment
  3. C.An Indian company purchases tangible assets in a foreign country and sells such assets after their value increases and transfers the proceeds to India
  4. D.A foreign company transfers shares and such shares derive their substantial value from assets located in India
Show answer
Correct answer: D. A foreign company transfers shares and such shares derive their substantial value from assets located in India

That is exactly what an indirect transfer means in Indian tax law. In an indirect transfer, no Indian asset changes hands directly.

Q2885.Government SchemesHard

What is the name of the sixteen-foot signature installation at the National SARAS Mela 2026?

  1. A.SHAKTI - The Spirit of Lakhpati Didi
  2. B.SARAS - The Pride of Rural India
  3. C.NARI - The Strength of Bharat
  4. D.AAJEEVIKA - The Path to Prosperity
Show answer
Correct answer: A. SHAKTI - The Spirit of Lakhpati Didi

Standing sixteen feet tall at the fair, the installation is meant to represent the collective strength of the women who keep traditional craftsmanship alive while turning their skills into livelihoods and independence.

Q2886.Government SchemesMedium

The National SARAS Mela is aligned with which mission of the Ministry of Rural Development?

  1. A.Deendayal Antyodaya Yojana - National Rural Livelihoods Mission
  2. B.Pradhan Mantri Awas Yojana - Gramin
  3. C.Deen Dayal Upadhyaya Grameen Kaushalya Yojana
  4. D.Mahatma Gandhi National Rural Employment Guarantee Scheme
Show answer
Correct answer: A. Deendayal Antyodaya Yojana - National Rural Livelihoods Mission

The fair is held in line with that mission and with the declared goal of creating six crore Lakhpati Didis, and it works alongside the SARAS Aajeevika Gallery and the eSARAS digital platform to connect self-help group products to wider markets.

Q2888.Government SchemesEasy

In which city is the National SARAS Mela 2026 being held, the first such fair outside Delhi-NCR?

  1. A.Visakhapatnam
  2. B.Vijayawada
  3. C.Hyderabad
  4. D.Tirupati
Show answer
Correct answer: B. Vijayawada

The Ministry of Rural Development is holding the fair at Punnami Ghat in that city, working with the Society for Elimination of Rural Poverty of Andhra Pradesh, and this is the first time the National SARAS Mela has been staged outside Delhi and the National Capital Region.

Q2889.Science & TechnologyHard

Which of the following is NOT one of the frameworks named as the basis of India-UK science and innovation cooperation?

  1. A.India-UK Research and Innovation Memorandum of Understanding
  2. B.Technology Security Initiative
  3. C.India-UK Vision 2035
  4. D.India-UK Green Hydrogen Compact
Show answer
Correct answer: D. India-UK Green Hydrogen Compact

Cooperation under the Council rests on three instruments: the India-UK Research and Innovation Memorandum of Understanding in option A, the Technology Security Initiative in option B, and India-UK Vision 2035 in option C. These provide the foundation on which research institutions, universities, industry and innovators work together, with attention to…

Q2890.Science & TechnologyMedium

Under which partnership have eight joint industrial research and development projects been cleared for support?

  1. A.Department of Science and Technology with Innovate UK
  2. B.Anusandhan National Research Foundation with UK Research and Innovation
  3. C.Technology Development Board with the British Council
  4. D.Department of Biotechnology with the Royal Society
Show answer
Correct answer: A. Department of Science and Technology with Innovate UK

This collaboration supports joint industrial research and development aimed at creating new intellectual property, technologies, processes and prototypes, and eight projects have been agreed for support in areas including advanced manufacturing, power electronics and net-zero technologies.

Q2892.Science & TechnologyEasy

Which edition of the India-UK Science and Innovation Council meeting was held in New Delhi in October 2026?

  1. A.Sixth
  2. B.Seventh
  3. C.Eighth
  4. D.Ninth
Show answer
Correct answer: C. Eighth

The Council met in New Delhi with Dr Jitendra Singh, Union Minister of State with Independent Charge for Science and Technology and Earth Sciences, on the Indian side and Jonathan Reynolds, the British Secretary of State for Business, Innovation and Trade, on the other.

Q2893.Summits & ConferencesMedium

How often is the APARC General Assembly held?

  1. A.Every year
  2. B.Once in two years
  3. C.Once in four years
  4. D.Once in five years
Show answer
Correct answer: C. Once in four years

The assembly in Pune runs for five days, from 12 to 16 October 2026, and brings together more than 550 participants from Europe, the Americas, South Asia, South East Asia and Australia, of whom 380 are attending in person and about 180 online.

Q2894.Summits & ConferencesMedium

APARC, whose General Assembly 2026 is being hosted by India, is a core project of which programme?

  1. A.World Climate Research Programme
  2. B.Global Atmosphere Watch Programme
  3. C.International Geosphere-Biosphere Programme
  4. D.Intergovernmental Oceanographic Commission
Show answer
Correct answer: A. World Climate Research Programme

Atmospheric Processes and their Role in Climate is one of its core projects and works on the atmospheric drivers and processes that govern weather patterns and the dynamics of the global climate.

Q2895.Summits & ConferencesEasy

At which institute was the APARC General Assembly 2026 inaugurated?

  1. A.Indian Institute of Tropical Meteorology, Pune
  2. B.India Meteorological Department, New Delhi
  3. C.National Centre for Medium Range Weather Forecasting, Noida
  4. D.Indian National Centre for Ocean Information Services, Hyderabad
Show answer
Correct answer: A. Indian Institute of Tropical Meteorology, Pune

The inaugural function of the assembly was held there, and the institute's Director delivered the opening keynote on modelling the monsoon and on narrowing the gap between how far the monsoon can be predicted in principle and the skill of actual forecasts.

Q2896.EnvironmentMedium

What is the initial contribution pledged by the Government of India to the International Big Cat Alliance?

  1. A.Rs 100 crore for three years
  2. B.Rs 150 crore for five years
  3. C.Rs 250 crore for five years
  4. D.Rs 500 crore for ten years
Show answer
Correct answer: B. Rs 150 crore for five years

This is the initial contribution pledged by the Government of India to the Alliance, which is headquartered in this country and works for the conservation of seven big cats.

Q2899.InternationalMedium

Which Indian financial centre was proposed for closer cooperation with the City of London at the 16th JETCO?

  1. A.Bandra Kurla Complex, Mumbai
  2. B.GIFT City, Gandhinagar
  3. C.Cyber City, Gurugram
  4. D.Hitec City, Hyderabad
Show answer
Correct answer: B. GIFT City, Gandhinagar

Financial services were the fourth of the five priority areas the Commerce and Industry Minister listed, and under it he sought greater collaboration between the City of London and GIFT City, naming fintech, insurance, cross-border payments, transition finance and trade finance as fields of work, so that the two financial…

GK Questions for sub-exams