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.
The Knesset is the parliament of which country?
The Knesset is the single house legislature of Israel and has a fixed strength of 120 members elected by proportional representation; it sits at Jerusalem and its name comes from the assembly of the same size in ancient Jewish tradition.
Read the full explanation →World Food Day is observed on 16 October because the Food and Agriculture Organization was founded on that day in
The Food and Agriculture Organization was founded on 16 October 1945 at Quebec in Canada, and the day has been observed as World Food Day since 1981; its headquarters are at Rome.
Read the full explanation →National Milk Day is observed in India on 26 November to mark the birth anniversary of the man who led the dairy co-operative movement. He is
International Customs Day is observed on 26 January every year because on that date in 1953
That inaugural session took place in Brussels on 26 January 1953; the Council took the working name World Customs Organization in 1994, and 26 January is kept as International Customs Day, a date Indian students remember easily because it is also Republic Day.
Read the full explanation →National Farmers Day, Kisan Diwas, is observed in India on 23 December as the birth anniversary of
The correct answer is B, Chaudhary Charan Singh, who was born on 23 December 1902, served as Prime Minister of India and is remembered for the laws and the politics that put the peasant at the centre of Indian public life.
Read the full explanation →Micro, Small and Medium-sized Enterprises Day, declared by the United Nations, falls on
The United Nations General Assembly declared 27 June as Micro, Small and Medium-sized Enterprises Day in 2017, in recognition of the share of such enterprises in employment and in world output.
Read the full explanation →World Savings Day, also known as World Thrift Day, is observed on
The day goes back to the First International Thrift Congress, held in Milan in 1924, whose closing day was 31 October; savings banks across the world have marked it since, and in India banks use it to promote small savings and deposit habits.
Read the full explanation →The International Day of Banks, declared by the United Nations General Assembly, is observed on
The United Nations General Assembly declared 5 December as the International Day of Banks in 2019, to recognise the part that banks, and especially development banks, play in financing sustainable development.
Read the full explanation →National Statistics Day is observed in India on 29 June, the birth anniversary of
Prasanta Chandra Mahalanobis was born on 29 June 1893, founded the Indian Statistical Institute, gave the country its large-scale sample survey system and the statistical distance known by his name, and shaped the Second Five Year Plan.
Read the full explanation →GST Day is observed on 1 July every year to mark the coming into force of the goods and services tax in
The goods and services tax came into force on 1 July 2017, and the day is observed every year as GST Day.
Read the full explanation →Income Tax Day, or Aaykar Diwas, is observed in India on
Income tax was introduced in India on 24 July 1860 by Sir James Wilson, the first finance member of the Viceroy council, to repair the finances of the government after the revolt of 1857, and the Income Tax Department has observed the day since 2010, the hundred and fiftieth year…
Read the full explanation →National Consumer Rights Day is observed in India on 24 December because on that day in 1986
The Consumer Protection Act, 1986 was given assent on 24 December 1986, and the Department of Consumer Affairs observes that date every year as National Consumer Rights Day with a theme.
Read the full explanation →World Consumer Rights Day is observed every year on
World Consumer Rights Day takes its date from 15 March 1962, when United States President John F. Kennedy sent a message to Congress setting out the rights of the consumer, the first time a head of government did so; the consumer movement began observing the day in 1983.
Read the full explanation →For a loan to an individual household for a renewable energy installation, the priority sector ceiling is
Under the renewable energy category a bank may lend up to 35 crore rupees to a borrower for a solar, biomass, wind, micro-hydel or non-conventional energy project, and for an individual household the ceiling is 10 lakh rupees, which is what a rooftop solar system or a small biogas plant…
Read the full explanation →The Reserve Bank of India (Priority Sector Lending - Targets and Classification) Directions that are in force came into effect from
The Directions were issued on 24 March 2025 and came into effect on 1 April 2025, superseding the Directions of 4 September 2020.
Read the full explanation →Priority sector targets are computed as a percentage of
The base is deliberately a credit figure and not a deposit figure, because the obligation is about where a bank lends.
Read the full explanation →Which of the following is not counted under weaker sections for priority sector purposes?
Weaker sections is an overlapping head that counts the borrower rather than the activity, and the Directions list small and marginal farmers, artisans with a credit limit up to two lakh rupees, beneficiaries of government sponsored schemes, Scheduled Castes and Scheduled Tribes, beneficiaries of the differential rate of interest scheme…
Read the full explanation →What is the standard lot size of a Priority Sector Lending Certificate?
Priority Sector Lending Certificates were introduced in 2016 so that a bank which has lent beyond its target can sell the excess achievement to a bank that has fallen short.
Read the full explanation →The shortfall in priority sector lending by a bank is deposited in the Rural Infrastructure Development Fund maintained with
A bank that falls short of its priority sector target is not fined; it is required to place the shortfall in the Rural Infrastructure Development Fund kept with the National Bank for Agriculture and Rural Development, or in the funds notified with SIDBI, the National Housing Bank and MUDRA, and…
Read the full explanation →An education loan to an individual qualifies as priority sector lending up to a limit of
Under the 2025 Directions a loan to an individual for educational purposes, including a vocational course, is classified as priority sector lending so long as it does not exceed 25 lakh rupees; the ceiling applies to the loan, not to the fee or the course.
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