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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

Q2923.Government SchemesMedium

The Khet Bachao Abhiyan, announced at the PMDDKY anniversary event, is aimed mainly at which objective?

  1. A.Promoting soil health through balanced use of fertilisers
  2. B.Doubling farm exports in three years
  3. C.Distributing free electricity connections to farmers
  4. D.Setting up new agricultural universities in every state
Show answer
Correct answer: A. Promoting soil health through balanced use of fertilisers

The campaign is to be organised across all states from 22 October to 30 November 2026, and the minister asked state governments and the authorities concerned to take part actively so that it reaches farmers.

Q2926.Indian EconomyAsked in: UPSC CAPF · CAPF 2019, Paper IMedium

Which one of the following is NOT correct ?

  1. A.The Average Revenue and Marginal Revenue curves of a perfectly competitive firm are perfectly elastic
  2. B.The Marginal Revenue curve of the monopoly firm is above its Average Revenue curve
  3. C.In the long-run, a competitive firm earns only normal profits
  4. D.In equilibrium, the Marginal Cost Curve of the monopoly firm may be rising, falling or constant
Show answer
Correct answer: B. The Marginal Revenue curve of the monopoly firm is above its Average Revenue curve

A monopoly's marginal revenue curve lies below its average revenue curve, not above it. A monopolist faces the whole market's downward-sloping demand curve, which is its average revenue curve.

Q2927.Indian EconomyAsked in: UPSC CAPF · CAPF 2025, Paper IMedium

The comparative advantage theory (CAT) is a trade theory that describes the basis of two nations engaging in trade. Which one among the following statements regarding the theory is not correct?

  1. A.David Ricardo was the author of the CAT.
  2. B.The CAT is explained in the book titled On the Principles of Political Economy and Taxation that was first published in 1817.
  3. C.According to the CAT, the nation which does not have absolute advantage in any goods cannot benefit from trade.
  4. D.The two nations that engage in trade can gain from specializing in the commodity in which they have a comparative advantage.
Show answer
Correct answer: C. According to the CAT, the nation which does not have absolute advantage in any goods cannot benefit from trade.

The whole point of comparative advantage is that a country gains from trade even when it has no absolute advantage in any good.

Q2928.Indian EconomyAsked in: UPSC CAPF · CAPF 2026, Paper IEasy

What does the term 'Orange Economy' refer to?

  1. A.Economic activities linked to creativity, culture and intellectual property that generate income and jobs
  2. B.Economic activities linked to desert ecosystems and their unique socio-environmental characteristics
  3. C.Economic activities linked to the aging population, including health care, leisure, and services for older adults
  4. D.Informal, unaccounted, or illegal economic activities that evade taxation and regulation
Show answer
Correct answer: A. Economic activities linked to creativity, culture and intellectual property that generate income and jobs

The orange economy is another name for the creative economy. The term was popularised by a 2013 Inter-American Development Bank book, and orange was chosen because it is often linked with culture and creativity.

Q2929.Indian EconomyAsked in: UPSC CAPF · CAPF 2019, Paper IEasy

According to the Law of Diminishing Returns, in a production function when more and more units of the variable factor are used, holding the quantities of a fixed factor constant, a point is reached beyond which

  1. A.the marginal revenue will diminish
  2. B.the average revenue will diminish
  3. C.the marginal product will diminish
  4. D.the marginal product will increase
Show answer
Correct answer: C. the marginal product will diminish

When one input is kept fixed and another is added again and again, each extra unit eventually adds less to output than the one before.

Q2930.Indian EconomyAsked in: UPSC CAPF · CAPF 2025, Paper IMedium

Which of the following statements about the relationship between price elasticity of demand and type of firm is/are correct? 1. Perfectly elastic demand is associated with a competitive firm. 2. Perfectly inelastic demand is associated with a monopolistically competitive firm. Select the 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

A firm in perfect competition faces a perfectly elastic demand curve, but a monopolistically competitive firm faces a downward-sloping, fairly elastic one, not a perfectly inelastic one.

Q2931.Indian EconomyAsked in: UPSC CAPF · CAPF 2026, Paper IMedium

In the context of labour market of an economy, consider the following statements : 1. Labour Force Participation Rate is defined as the share of employed and unemployed workers to the total working-age population. 2. Worker Population Ratio is defined as the share of unemployed workers to the total working-age population. 3. The usual activity status of a person is determined on the basis of the activities pursued by the person during the specified reference period of the last 365 days preceding the date of survey. Which of the statements given above is/are correct?

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

Statements 1 and 3 give the standard definitions, but the Worker Population Ratio counts the employed, not the unemployed. In India these measures come from the Periodic Labour Force Survey.

Q2932.Indian EconomyAsked in: UPSC CAPF · CAPF 2025, Paper IMedium

Which among the following regarding the nature of goods and income elasticity are correctly matched? (Nature of Goods : Income Elasticity) 1. Necessity : Between 0 and 1 2. Luxury : More than 1 3. Inferior : More than 0 Select the answer using the code given below.

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

Necessities and luxuries are matched correctly, but an inferior good has a negative income elasticity, not a positive one. Income elasticity of demand is the percentage change in quantity demanded divided by the percentage change in income.

Q2933.NationalEasy

Whose package rates have states been urged to display prominently, besides those of ordinary patients?

  1. A.Patients covered by government insurance schemes
  2. B.Foreign patients arriving on Medical and Ayush Visas
  3. C.Patients referred from district hospitals
  4. D.Patients admitted to intensive care
Show answer
Correct answer: B. Foreign patients arriving on Medical and Ayush Visas

The Union Health Secretary's letter asks states and union territories to encourage the prominent display, wherever applicable, of the package rates offered to international patients travelling to India on these visas.

Q2934.NationalMedium

In which languages must clinical establishments display their service rates under the Rules?

  1. A.English only
  2. B.Hindi and English only
  3. C.The local language as well as English
  4. D.Any one language of the Eighth Schedule
Show answer
Correct answer: C. The local language as well as English

The Rules require a clinical establishment to put up its rates at a conspicuous place in both, so that patients and the people accompanying them can read the charges without having to ask.

Q2935.NationalMedium

The directive on displaying healthcare service rates is based on which Act?

  1. A.Clinical Establishments (Registration and Regulation) Act, 2010
  2. B.National Medical Commission Act, 2019
  3. C.Consumer Protection Act, 2019
  4. D.Drugs and Cosmetics Act, 1940
Show answer
Correct answer: A. Clinical Establishments (Registration and Regulation) Act, 2010

Together they form the regulatory framework for clinical establishments, and the Rules require that the rate charged for each type of service and each facility be displayed at a conspicuous place, in the local language as well as in English.

Q2938.Government SchemesMedium

What is the total outlay of the PM-SETU scheme?

  1. A.440 crore rupees
  2. B.3,446 crore rupees
  3. C.60,000 crore rupees
  4. D.1,000 crore rupees
Show answer
Correct answer: C. 60,000 crore rupees

PM-SETU, which stands for Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs, is a flagship scheme with that total outlay, and it seeks to change vocational education through deep industry participation and institutional reform.

GK Questions for sub-exams