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.
What is the maximum amount insured for each depositor of a bank by the DICGC?
Every depositor of an insured bank is covered up to five lakh rupees, and that figure takes in the principal and the accrued interest together.
Read the full explanation →The Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of which institution?
The Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of the Reserve Bank of India. It works under the Deposit Insurance and Credit Guarantee Corporation Act, 1961, has its head office in Mumbai, and is chaired by a Deputy Governor of the Reserve Bank.
Read the full explanation →Which port in Gujarat was the first to be developed after independence and was renamed Deendayal Port in 2017?
After partition left the port of Karachi outside India, Kandla in the Gulf of Kutch was developed as the main gateway for the northern and western hinterland, which makes it the first major port developed after independence.
Read the full explanation →Which central scheme, launched in 2015, is aimed at port led development and coastal shipping in India?
The programme covers port modernisation and new port development, port connectivity, port linked industrialisation and coastal community development, and it is run by the Ministry of Ports, Shipping and Waterways.
Read the full explanation →The Airports Authority of India was constituted in which year by merging two earlier authorities?
The Airports Authority of India came into being in that year through the merger of the International Airports Authority of India, which ran the international gateways, with the National Airports Authority, which ran the domestic airfields and the air navigation services.
Read the full explanation →Which major port of India is described as the deepest landlocked port, having both an inner and an outer harbour?
The port in Andhra Pradesh lies in a natural inlet sheltered by the Dolphin's Nose headland, which gives it great depth while keeping it protected, and it is the one Indian major port that works with a separate inner harbour and outer harbour.
Read the full explanation →UDAN, the regional connectivity scheme in civil aviation, stands for which phrase?
The scheme was announced under the National Civil Aviation Policy of 2016 so that unserved and underserved airstrips could be linked to the main network at capped fares, with the gap met through a viability gap funding mechanism.
Read the full explanation →The Kempegowda International Airport serves which Indian city?
The airport is named after Kempegowda, the sixteenth century chieftain regarded as the founder of the city.
Read the full explanation →Cochin International Airport is remembered in general knowledge papers for which achievement?
Cochin International Airport commissioned a solar plant large enough to meet its own consumption, and for that it received the Champion of the Earth award of the United Nations Environment Programme in 2018.
Read the full explanation →Which is the only riverine major port of India and also its oldest operating major port?
It sits far up the Hooghly river rather than on the open sea, which makes it the only riverine major port in the country, and it is the oldest of the major ports still working; the Haldia dock complex downstream was added to handle larger vessels that cannot reach Kolkata.
Read the full explanation →The Jawaharlal Nehru Port, also known as Nhava Sheva, is located in which state?
The Jawaharlal Nehru Port lies at Nhava Sheva across the harbour from Mumbai, in the Navi Mumbai area, and it handles the largest volume of container traffic of any port in India.
Read the full explanation →Which city has the oldest metro rail system in India?
The first stretch of the Kolkata Metro, between Esplanade and Bhowanipore, was opened on 24 October 1984, almost two decades before any other Indian city had a metro.
Read the full explanation →Which of the following is NOT one of the four thematic areas of the National Quantum Mission?
The four thematic areas, each with its own hub, are quantum computing at the Indian Institute of Science Bengaluru, quantum communication at the Indian Institute of Technology Madras, quantum sensing and metrology at the Indian Institute of Technology Bombay, and quantum materials and devices at the Indian Institute of Technology…
Read the full explanation →Which country launched Micius, the world’s first dedicated quantum communication satellite?
Micius was launched in 2016 and was used to demonstrate quantum key distribution between a satellite and ground stations, and entanglement distribution over distances far greater than optical fibre allows, since fibre loses photons rapidly over long runs.
Read the full explanation →The BB84 protocol, a foundation of quantum cryptography, was proposed in which year?
Charles Bennett and Gilles Brassard proposed the protocol in that year, and the name BB84 combines their initials with the year.
Read the full explanation →What is the total outlay approved for the National Quantum Mission?
The Union Cabinet approved this amount on 19 April 2023 for the period 2023-24 to 2030-31, that is an eight year span, and the Department of Science and Technology implements the mission within it.
Read the full explanation →Quantum key distribution is considered secure mainly because of which principle?
The no cloning theorem forbids an exact copy of an unknown state, and any measurement changes the state, so an eavesdropper on the channel inevitably leaves statistical traces that the two legitimate parties detect when they compare a sample of their key.
Read the full explanation →Shor’s algorithm is significant for quantum computing because it can efficiently perform which task?
Peter Shor published the algorithm in 1994, and it would let a sufficiently large quantum computer break the large number factorisation on which public key encryption such as the RSA system depends.
Read the full explanation →Which property allows a qubit to hold the values zero and one at the same time?
A classical bit must be either zero or one, but a qubit can occupy a combination of both states until it is measured, and this is what allows a register of n qubits to represent two raised to the power n states together.
Read the full explanation →Under the National Quantum Mission, the thematic hub for quantum computing has been set up at which institution?
The mission divides the field among four thematic hubs, and quantum computing was assigned to the Indian Institute of Science.
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