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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

Q3201.Banking & Financial AwarenessMedium

Under the PCA framework, restriction on the distribution of dividends is a mandatory action at which stage?

  1. A.Risk Threshold 1
  2. B.Risk Threshold 2
  3. C.Risk Threshold 3
  4. D.Only after the bank is placed under moratorium
Show answer
Correct answer: A. Risk Threshold 1

The first set of mandatory actions, applied as soon as a bank crosses Risk Threshold 1, is a restriction on dividend distribution or remittance of profits, together with a requirement that the promoters, owners or the parent of a foreign bank infuse capital.

Q3202.Banking & Financial AwarenessMedium

Which indicator is used to measure asset quality under the revised Prompt Corrective Action framework?

  1. A.Gross non-performing assets ratio
  2. B.Net non-performing assets ratio
  3. C.Slippage ratio
  4. D.Provision coverage ratio
Show answer
Correct answer: B. Net non-performing assets ratio

Under the revised framework the three indicators are the capital to risk weighted assets ratio or the Common Equity Tier 1 ratio for capital, the net non-performing assets ratio for asset quality, and the Tier 1 leverage ratio for leverage.

Q3203.Banking & Financial AwarenessMedium

Which of the following is NOT covered by the Prompt Corrective Action framework for scheduled commercial banks?

  1. A.Public sector banks
  2. B.Private sector banks
  3. C.Regional rural banks
  4. D.Foreign banks operating through branches in India
Show answer
Correct answer: C. Regional rural banks

The revised framework applies to all scheduled commercial banks but expressly leaves out three categories: small finance banks, payments banks and regional rural banks.

Q3204.Banking & Financial AwarenessMedium

As per the Reserve Bank's 2025 list of Domestic Systemically Important Banks, which bank is placed in bucket 4?

  1. A.HDFC Bank
  2. B.ICICI Bank
  3. C.State Bank of India
  4. D.Punjab National Bank
Show answer
Correct answer: C. State Bank of India

In the 2025 list State Bank of India sits in bucket 4 and must hold an extra Common Equity Tier 1 cushion of 0.80 per cent of its risk weighted assets, over and above the normal minimum and the capital conservation buffer.

Q3207.Banking & Financial AwarenessEasy

In which year did the Reserve Bank of India issue the framework for dealing with Domestic Systemically Important Banks?

  1. A.2011
  2. B.2014
  3. C.2017
  4. D.2021
Show answer
Correct answer: B. 2014

The Reserve Bank of India issued the D-SIB framework on 22 July 2014, setting out how banks would be picked for the sample, how their systemic importance score would be computed from size, interconnectedness, substitutability and complexity, and how much additional Common Equity Tier 1 capital each bucket would attract.

Q3214.Sports GKMedium

The 12th South Asian Games of 2016 were hosted by India at:

  1. A.Kolkata
  2. B.Chennai
  3. C.Guwahati and Shillong
  4. D.Pune and Mumbai
Show answer
Correct answer: C. Guwahati and Shillong

The twelfth edition of the South Asian Games was held in 2016 across two north-eastern cities, with Guwahati in Assam as the main venue and Shillong in Meghalaya hosting part of the programme, and India finished at the top of the medal table as it has in almost every edition.

Q3216.Sports GKMedium

Athletes of which age group take part in the Youth Olympic Games?

  1. A.12 to 15 years
  2. B.15 to 18 years
  3. C.18 to 21 years
  4. D.Under 23 years
Show answer
Correct answer: B. 15 to 18 years

The International Olympic Committee set this band when it created the Youth Olympic Games so that the event would reach adolescents at the stage when they are choosing whether to continue in sport, and the age is counted as of the year of the Games.

Q3218.Computer AwarenessHard

ONDC, an initiative of the Department for Promotion of Industry and Internal Trade, stands for:

  1. A.Online National Digital Commission
  2. B.Open Network for Digital Commerce
  3. C.Official Network of Domestic Commerce
  4. D.Open National Data Corridor
Show answer
Correct answer: B. Open Network for Digital Commerce

ONDC is not an application or a marketplace but a set of open protocols, in the same spirit as UPI in payments, designed so that a buyer using one application can discover and order from a seller registered on a different application.

Q3219.Computer AwarenessEasy

In the context of electronic commerce, EDI stands for:

  1. A.Electronic Data Interchange
  2. B.Electronic Digital Invoice
  3. C.Encrypted Delivery Interface
  4. D.Electronic Direct Import
Show answer
Correct answer: A. Electronic Data Interchange

EDI is the computer-to-computer exchange of standard business documents such as purchase orders, invoices, despatch advices and payment instructions, in an agreed format, without paper and without a person re-typing the data at the other end.

Q3220.Computer AwarenessMedium

Which Indian law first gave legal recognition to electronic records and digital signatures, making online contracts enforceable?

  1. A.The Indian Contract Act, 1872
  2. B.The Information Technology Act, 2000
  3. C.The Consumer Protection Act, 2019
  4. D.The Competition Act, 2002
Show answer
Correct answer: B. The Information Technology Act, 2000

This Act is the legal foundation of electronic commerce in India: it recognised electronic records as equivalent to paper records, gave digital and later electronic signatures the status of a signature, provided for certifying authorities, and created the offences under which online fraud such as identity theft and cheating by…

GK Questions for sub-exams