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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

Q3661.Indian PolityHard

What is the maximum period for which an ordinance issued by the President can remain in force without being approved by Parliament?

  1. A.Six weeks
  2. B.Three months and six weeks
  3. C.Six months and six weeks
  4. D.One year
Show answer
Correct answer: C. Six months and six weeks

The arithmetic is worth learning. Article 85 requires that six months shall not intervene between the last sitting of one session and the first sitting of the next, so the longest an ordinance can run before Parliament reassembles is six months; Article 123 then allows it six weeks more from…

Q3663.Indian PolityEasy

The power of the President of India to promulgate ordinances is contained in which Article of the Constitution?

  1. A.Article 72
  2. B.Article 111
  3. C.Article 123
  4. D.Article 213
Show answer
Correct answer: C. Article 123

It empowers the President to promulgate an ordinance when Parliament, or either House of it, is not in session and the President is satisfied that circumstances exist which make immediate action necessary; such an ordinance has the same force and effect as an Act of Parliament.

Q3664.Indian EconomyHard

Which of the following is the oldest preferential trading arrangement to which India is a party?

  1. A.Asia-Pacific Trade Agreement, earlier the Bangkok Agreement
  2. B.South Asian Free Trade Area
  3. C.India-Sri Lanka Free Trade Agreement
  4. D.India-Singapore Comprehensive Economic Cooperation Agreement
Show answer
Correct answer: A. Asia-Pacific Trade Agreement, earlier the Bangkok Agreement

Concluded in 1975 under the auspices of the United Nations Economic and Social Commission for Asia and the Pacific, it was renamed the Asia-Pacific Trade Agreement in 2005 and its members are India, Bangladesh, China, South Korea, Sri Lanka, Laos and Mongolia.

Q3666.Indian EconomyHard

The main purpose of rules of origin in a free trade agreement is to

  1. A.fix a common external tariff for all members
  2. B.ensure that concessions go only to goods genuinely produced in a partner country
  3. C.decide the currency in which trade will be settled
  4. D.set a ceiling on the value of services traded
Show answer
Correct answer: B. ensure that concessions go only to goods genuinely produced in a partner country

Rules of origin test whether a product really originates with the partner, usually by requiring a change in its tariff classification there together with a minimum share of value added in that country.

Q3667.Indian EconomyHard

Under the India-EFTA Trade and Economic Partnership Agreement, the EFTA states have committed to raise foreign direct investment in India by how much, and over what period?

  1. A.50 billion US dollars over 10 years
  2. B.100 billion US dollars over 15 years
  3. C.100 billion US dollars over 25 years
  4. D.200 billion US dollars over 20 years
Show answer
Correct answer: B. 100 billion US dollars over 15 years

Article 7.1 of TEPA commits the EFTA states to increase foreign direct investment in India by 50 billion US dollars in the first ten years and a further 50 billion in the following five years, a total of 100 billion over fifteen years, with the stated aim of generating one…

Q3675.Indian EconomyAsked in: Haryana · 10 Nov 2018, Shift 2Medium

Which among the following countries with which India does not have Free Trade Agreement (FTA) ?

  1. A.South Korea
  2. B.Japan
  3. C.Brazil
  4. D.Thailand
Show answer
Correct answer: C. Brazil

India has no bilateral free trade agreement with Brazil. Its only preferential link with Brazil is through the limited India-MERCOSUR Preferential Trade Agreement, which covers a short list of products at reduced duty and is not a free trade agreement.

Q3676.Government SchemesMedium

Which body offered support for the proposed common cooperative digital marketing platform?

  1. A.Open Network for Digital Commerce (ONDC)
  2. B.Government e Marketplace (GeM)
  3. C.National Payments Corporation of India
  4. D.Unique Identification Authority of India
Show answer
Correct answer: A. Open Network for Digital Commerce (ONDC)

The Ministry of Cooperation is examining a proposal for a common cooperative digital platform to market cooperative products and farm produce more effectively, and the Secretary informed participants that the Open Network for Digital Commerce had offered its support for the initiative.

Q3677.Government SchemesHard

What does the recent amendment to the NCDC Act allow?

  1. A.Direct lending by the Corporation to individual farmers
  2. B.Financial assistance to institutions that are not cooperatives but promote cooperative development
  3. C.Conversion of cooperative banks into commercial banks
  4. D.Transfer of the Corporation to the Reserve Bank of India
Show answer
Correct answer: B. Financial assistance to institutions that are not cooperatives but promote cooperative development

The Secretary of the Ministry of Cooperation explained that the recent amendment to the National Cooperative Development Corporation Act has paved the way for extending assistance to such bodies, which opens a direct route for various State-level institutions to draw funds from the Corporation, and he urged States to make…

Q3678.Government SchemesMedium

Which three national cooperative bodies were named for strengthening export, organic and seed value chains?

  1. A.NAFED, NCCF and NDDB
  2. B.NCEL, NCOL and BBSSL
  3. C.NABARD, NCDC and IFFCO
  4. D.KRIBHCO, AMUL and NDDB
Show answer
Correct answer: B. NCEL, NCOL and BBSSL

The workshop gave special attention to building stronger value chains in exports, organic products and seeds through these three national cooperative institutions, and to empowering primary cooperative institutions through them.

Q3679.Government SchemesEasy

Where is the 9th National Review Workshop of the Ministry of Cooperation being held?

  1. A.Raipur, Chhattisgarh
  2. B.Bastar, Chhattisgarh
  3. C.Bhubaneswar, Odisha
  4. D.New Delhi
Show answer
Correct answer: B. Bastar, Chhattisgarh

The Secretary of the Ministry told the inaugural session that the suggestion to hold a workshop on cooperative development in Bastar, a district long affected by Left Wing Extremism, had come from Union Home Minister and Minister of Cooperation Shri Amit Shah, which is precisely what makes the venue worth…

GK Questions for sub-exams