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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

Q3741.Government SchemesMedium

Through which agency is the National SC-ST Hub scheme implemented?

  1. A.Small Industries Development Bank of India
  2. B.National Small Industries Corporation
  3. C.Khadi and Village Industries Commission
  4. D.National Scheduled Castes Finance and Development Corporation
Show answer
Correct answer: B. National Small Industries Corporation

The National SC-ST Hub was launched on 18 October 2016 and is implemented through NSIC, which also runs the Single Point Registration Scheme that gives registered micro and small enterprises free tender sets and exemption from Earnest Money Deposit.

Q3742.EnvironmentEasy

Who represented India at the Pre-COP31 Plenary Discussion on Political Landing Zones and Outcomes?

  1. A.The Minister of External Affairs
  2. B.The Minister for Environment, Forest and Climate Change
  3. C.The Minister of Science and Technology
  4. D.The Minister of New and Renewable Energy
Show answer
Correct answer: B. The Minister for Environment, Forest and Climate Change

Speaking at the Plenary Discussion on Political Landing Zones and Outcomes, he said the intensifying impacts of climate change demand a move beyond rhetoric towards implementation and convergence, and that the ground shared among Parties was far greater than their divisions.

Q3744.EnvironmentMedium

Where is UNFCCC COP31 scheduled to be held?

  1. A.Nadi, Fiji
  2. B.Antalya, Turkiye
  3. C.Belem, Brazil
  4. D.New Delhi, India
Show answer
Correct answer: B. Antalya, Turkiye

The annual UN Climate Change Conference, COP31, is to be held in Antalya in November, and the Pre-COP held weeks earlier was the preparatory meeting leading up to it.

Q3745.EnvironmentEasy

In which country was the Pre-COP31 meeting held, at which India called for an ambitious and balanced outcome at COP31?

  1. A.Fiji
  2. B.Turkiye
  3. C.Brazil
  4. D.Azerbaijan
Show answer
Correct answer: A. Fiji

The Pre-COP31 meeting was convened in Nadi, Fiji, and it was there that Union Minister for Environment, Forest and Climate Change Bhupender Yadav addressed the Plenary Discussion on Political Landing Zones and Outcomes and asked the Parties for greater flexibility, pragmatism and mutual respect.

Q3750.Science & TechnologyMedium

The GMPCS services licensed in India, as described in the government's statement, are based on which kind of satellite orbit?

  1. A.Geostationary orbit only
  2. B.Non-geosynchronous satellite orbit
  3. C.Lunar transfer orbit
  4. D.Geosynchronous transfer orbit
Show answer
Correct answer: B. Non-geosynchronous satellite orbit

The Ministry of Communications said the telecom licences for Global Mobile Personal Communication by Satellite services were granted for satellite communications based on non-geosynchronous satellite orbit.

Q3751.Science & TechnologyMedium

Under the licence terms described by the government, what must a satellite communication licensee in India do before it can seek assignment of spectrum?

  1. A.List its shares on a recognised stock exchange
  2. B.Demonstrate compliance with the security conditions of its licence
  3. C.Launch its own satellite from Indian soil
  4. D.Enrol a minimum of ten lakh subscribers
Show answer
Correct answer: B. Demonstrate compliance with the security conditions of its licence

The Ministry of Communications explained that every satellite communication licensee is required under the terms and conditions of its licence to show that it meets the security conditions, the purpose being to ensure that the services provided satisfy security requirements and keep all users and their data safe.

Q3752.Science & TechnologyEasy

How many companies have been granted telecom licences for Global Mobile Personal Communication by Satellite (GMPCS) services in India?

  1. A.One
  2. B.Two
  3. C.Three
  4. D.Six
Show answer
Correct answer: C. Three

The Ministry of Communications stated that telecom licences have been granted to three Global Mobile Personal Communication by Satellite operators whose services rest on non-geosynchronous satellite orbits, and that all three are at broadly the same regulatory stage because the security assessment of each is still in progress.

Q3753.Banking & Financial AwarenessEasy

NABARD, the apex institution for rural and agricultural credit, was set up in which year?

  1. A.1975
  2. B.1982
  3. C.1990
  4. D.1999
Show answer
Correct answer: B. 1982

The National Bank for Agriculture and Rural Development began work on 12 July 1982 under an Act of 1981, on the recommendation of the Sivaraman Committee, taking over the agricultural credit functions of the Reserve Bank and the refinance business of the Agricultural Refinance and Development Corporation; it has its…

Q3754.Banking & Financial AwarenessEasy

Which note in Indian currency is issued by the Government of India and not by the Reserve Bank of India?

  1. A.Two rupee note
  2. B.Five rupee note
  3. C.One rupee note
  4. D.Ten rupee note
Show answer
Correct answer: C. One rupee note

It is issued by the Government of India under the Coinage Act and carries the signature of the Finance Secretary rather than of the Governor of the Reserve Bank; all coins are likewise issued by the Government, while the Reserve Bank only distributes them.

Q3755.Banking & Financial AwarenessEasy

Deposit insurance for bank depositors in India is provided by which institution?

  1. A.DICGC
  2. B.LIC
  3. C.IRDAI
  4. D.SIDBI
Show answer
Correct answer: A. DICGC

The Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of the Reserve Bank of India and insures deposits in commercial banks, local area banks, regional rural banks, small finance banks, payments banks and cooperative banks; the cover was raised to five lakh rupees per depositor per bank…

Q3756.Banking & Financial AwarenessHard

Which of the following is NOT a regulator of any financial sector in India?

  1. A.IBBI
  2. B.NPCI
  3. C.PFRDA
  4. D.SEBI
Show answer
Correct answer: B. NPCI

The National Payments Corporation of India was set up in 2008 by the Reserve Bank of India and the Indian Banks Association as a not-for-profit company under the companies law, and it operates the retail payment systems of the country, among them the Unified Payments Interface, RuPay, IMPS, NACH, AePS…

Q3757.Banking & Financial AwarenessMedium

Who is the chairperson of the Financial Stability and Development Council?

  1. A.Governor of the Reserve Bank of India
  2. B.Union Finance Minister
  3. C.Chairperson of SEBI
  4. D.Prime Minister of India
Show answer
Correct answer: B. Union Finance Minister

The Financial Stability and Development Council was set up in 2010 by an executive order of the Government, following a recommendation of the Raghuram Rajan Committee on financial sector reforms, and it is chaired by the Union Finance Minister with the heads of the regulators, the Finance Secretary and senior…

Q3758.Banking & Financial AwarenessHard

The Forward Markets Commission, the earlier regulator of commodity derivatives in India, was merged into which body in 2015?

  1. A.RBI
  2. B.SEBI
  3. C.IRDAI
  4. D.NABARD
Show answer
Correct answer: B. SEBI

The Forward Markets Commission had regulated forward and commodity derivative trading since 1953 under the Forward Contracts (Regulation) Act 1952 and worked under the Ministry of Finance in its last years; it was merged into the Securities and Exchange Board of India on 28 September 2015, the first merger of…

Q3759.Banking & Financial AwarenessHard

Appeals against the orders of SEBI lie to which forum?

  1. A.National Company Law Tribunal
  2. B.Securities Appellate Tribunal
  3. C.Debt Recovery Tribunal
  4. D.High Court of Bombay
Show answer
Correct answer: B. Securities Appellate Tribunal

The Tribunal was set up under the SEBI Act and sits at Mumbai; since the Finance Act 2017 it also hears appeals against orders of IRDAI and of PFRDA, so one tribunal now serves three regulators.

Q3760.Banking & Financial AwarenessMedium

The Pension Fund Regulatory and Development Authority became a statutory body under an Act of which year?

  1. A.2003
  2. B.2008
  3. C.2013
  4. D.2016
Show answer
Correct answer: C. 2013

PFRDA was first created in 2003 by a resolution of the Government as an interim authority to oversee the new defined contribution pension arrangement, and it ran the National Pension System for a decade without a statute; the Pension Fund Regulatory and Development Authority Act 2013 gave it statutory standing.

GK Questions for sub-exams