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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

Q4101.Indian EconomyHard

Which of the following correctly defines the primary deficit?

  1. A.Fiscal deficit minus interest payments
  2. B.Revenue expenditure minus revenue receipts
  3. C.Total expenditure minus total receipts including borrowings
  4. D.Revenue deficit minus grants for creation of capital assets
Show answer
Correct answer: A. Fiscal deficit minus interest payments

The fiscal deficit of a year contains the cost of servicing past borrowing as well as fresh spending, so taking out interest payments leaves the primary deficit, which shows how far the present year's expenditure exceeds its receipts on its own account.

Q4102.Indian EconomyMedium

Gross National Product is obtained by

  1. A.Adding net factor income from abroad to Gross Domestic Product
  2. B.Subtracting depreciation from Gross Domestic Product
  3. C.Adding indirect taxes to Net National Product
  4. D.Dividing Gross Domestic Product by the population
Show answer
Correct answer: A. Adding net factor income from abroad to Gross Domestic Product

Gross domestic product counts what is produced inside the domestic territory, whoever produces it, while gross national product counts what is produced by the normal residents of the country, wherever they are; the bridge between them is net factor income from abroad, which is the income Indians earn abroad minus…

Q4104.Indian EconomyAsked in: Delhi · 27 Aug, 2019, Shift 3Easy

What is Repo Rate?

  1. A.The short term rate at which the bank provides loans to the customers.
  2. B.Short term rate at which the government lends to the bank.
  3. C.The short-term rate at which the Reserve Bank of India lends to the bank.
  4. D.The bank gives loans to the Reserve Bank of India at short term rates.
Show answer
Correct answer: C. The short-term rate at which the Reserve Bank of India lends to the bank.

The repo rate is the rate at which the Reserve Bank of India lends short-term money to commercial banks against the collateral of government securities under a repurchase agreement, which is where the name repo comes from; it is the policy rate announced by the Monetary Policy Committee and the…

Q4105.Indian EconomyAsked in: SSC CGL · 03 Dec 2022, Shift 4Medium

Unemployment arising due to mismatch between job availability in the market and skills of available worker is called

  1. A.Seasonal
  2. B.Structural
  3. C.Economical
  4. D.Frictional
Show answer
Correct answer: B. Structural

It arises when the structure of the economy changes, so that the jobs being created need skills different from those the available workers possess; it lasts long and is cured by retraining and education rather than by a revival of demand.

Q4106.Indian EconomyAsked in: UPSC Civil Services · UPSC Civil Services (Prelims) Official PMedium

Disguised unemployment generally means

  1. A.large number of people remain unemployed
  2. B.alternative employment is not available
  3. C.marginal productivity of labour is zero
  4. D.productivity of workers is low
Show answer
Correct answer: C. marginal productivity of labour is zero

Disguised unemployment, also called hidden unemployment, exists where more persons are engaged in a job than are actually needed, so withdrawing one of them would not reduce output at all; that worker's marginal contribution is therefore zero.

Q4107.NationalEasy

Who is remembered as the founder whose vision shaped Shri Lal Bahadur Shastri National Sanskrit University?

  1. A.Jawaharlal Nehru
  2. B.Lal Bahadur Shastri
  3. C.Sarvepalli Radhakrishnan
  4. D.Maulana Abul Kalam Azad
Show answer
Correct answer: B. Lal Bahadur Shastri

The Vice-President traced the institution’s journey from a Sanskrit Vidyapeetha to a Central University and said the time had come for it to fulfil its founder’s vision by establishing itself as a leading international centre for Sanskrit studies.

Q4108.NationalHard

The Gyan Bharatam Mission, mentioned at the convocation, has a foundational corpus of how much?

  1. A.Rs 100 crore
  2. B.Rs 250 crore
  3. C.Rs 500 crore
  4. D.Rs 1,000 crore
Show answer
Correct answer: C. Rs 500 crore

The mission is meant to preserve and document India’s manuscript heritage and to bring it within reach of readers in the country and abroad, and the Vice-President cited it while asking teachers and students to seek out unpublished Sanskrit manuscripts, preserve them, edit them critically and publish them.

Q4110.Government SchemesEasy

The PRR Mechanism of MY Bharat is run by which ministry?

  1. A.Ministry of Education
  2. B.Ministry of Youth Affairs and Sports
  3. C.Ministry of Skill Development and Entrepreneurship
  4. D.Ministry of Culture
Show answer
Correct answer: B. Ministry of Youth Affairs and Sports

The Union Minister of that ministry, Dr Mansukh Mandaviya, announced it with the remark that Yuva Shakti is the strength of a developed India.

Q4113.DefenceHard

Where is the 24th National Maritime Search and Rescue Board Meeting being held?

  1. A.Paradip
  2. B.Bhubaneswar
  3. C.Visakhapatnam
  4. D.Chennai
Show answer
Correct answer: B. Bhubaneswar

The board meeting is convened by the Indian Coast Guard under the chairmanship of its Director General, Paramesh Sivamani, and takes up national preparedness for rescue at sea, the management of distress alerts and faster movement of rescue assets through technology and coordination between agencies.

Q4114.DefenceEasy

How many international observers are attending SAREX-2026, and from how many countries?

  1. A.32 observers from 30 countries
  2. B.30 observers from 32 countries
  3. C.24 observers from 20 countries
  4. D.15 observers from 12 countries
Show answer
Correct answer: A. 32 observers from 30 countries

The number of observers is slightly larger than the number of countries because some nations have sent more than one representative, and the Ministry of Defence treats this international presence as a highlight of the drill, since it points to shared rescue protocols and the ability of different navies and…

Q4116.EconomyHard

In the Special Purpose Vehicle formed for the Gwalior Telecom Manufacturing Zone, what is the equity split?

  1. A.Centre 51 per cent, state 49 per cent
  2. B.State 51 per cent, Department of Telecommunications 49 per cent
  3. C.Equal halves
  4. D.State 74 per cent, Centre 26 per cent
Show answer
Correct answer: B. State 51 per cent, Department of Telecommunications 49 per cent

The vehicle set up to build and run the zone gives the Madhya Pradesh government the controlling share and the Department of Telecommunications the rest, which makes the project an example of a Centre-state partnership where the state leads on the ground while the Centre funds the first phase.

Q4120.NationalEasy

The Union Cabinet resolution congratulated the Prime Minister on completing how many years of continuous leadership as head of government?

  1. A.15 years
  2. B.20 years
  3. C.25 years
  4. D.30 years
Show answer
Correct answer: C. 25 years

The resolution marks a quarter century of unbroken leadership as head of government, a stretch that covers his terms in Gujarat and then at the Centre, and it recalls three decisive mandates in the state along with support in three successive general elections to the Lok Sabha.

GK Questions for sub-exams