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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

Q5101.Science & TechnologyMedium

The National Quantum Mission aims to build intermediate scale quantum computers of how many physical qubits in eight years?

  1. A.5 to 50 physical qubits
  2. B.50 to 1,000 physical qubits
  3. C.1,000 to 5,000 physical qubits
  4. D.10,000 to 50,000 physical qubits
Show answer
Correct answer: B. 50 to 1,000 physical qubits

This is the headline target stated when the Cabinet approved the mission, and it is to be achieved on more than one hardware platform, including superconducting and photonic technology, rather than on a single design.

Q5102.Science & TechnologyEasy

The National Quantum Mission of India is implemented by which department?

  1. A.Department of Atomic Energy
  2. B.Department of Science and Technology
  3. C.Department of Space
  4. D.Ministry of Electronics and Information Technology
Show answer
Correct answer: B. Department of Science and Technology

The Union Cabinet approved the mission on 19 April 2023 and placed its implementation with that department, which runs it through four thematic hubs at leading academic institutions.

Q5103.Indian States & UTsEasy

The Ramakrishna Mission, founded by Swami Vivekananda in 1897, has its headquarters at which place in West Bengal?

  1. A.Dakshineswar
  2. B.Belur Math
  3. C.Santiniketan
  4. D.Bishnupur
Show answer
Correct answer: B. Belur Math

Situated on the west bank of the Hooghly near Howrah, Belur Math is the headquarters of both the Ramakrishna Mission and the Ramakrishna Math, and its main temple is built in a style that deliberately blends Hindu, Islamic and Christian architectural elements.

Q5104.Indian States & UTsMedium

Which was the first Indian product to receive a geographical indication tag?

  1. A.Basmati rice
  2. B.Darjeeling tea
  3. C.Kanchipuram silk
  4. D.Alphonso mango
Show answer
Correct answer: B. Darjeeling tea

Grown on the slopes of the Darjeeling hills in northern West Bengal, it was the first product in India to be registered under the geographical indications system, which protects a name that identifies goods as coming from a particular place and having qualities owing to that origin.

Q5105.Indian States & UTsHard

Santiniketan, inscribed as a UNESCO World Heritage Site in 2023, is associated with which person?

  1. A.Swami Vivekananda
  2. B.Rabindranath Tagore
  3. C.Raja Ram Mohan Roy
  4. D.Ishwar Chandra Vidyasagar
Show answer
Correct answer: B. Rabindranath Tagore

Santiniketan in Birbhum district grew around the school and later the university Visva Bharati that Tagore founded there, teaching in the open air and joining Indian and world traditions, and it was inscribed as a World Heritage Site in 2023.

Q5108.Indian States & UTsHard

The Farakka Barrage, commissioned in 1975, was built mainly for what purpose?

  1. A.To generate hydroelectric power for Kolkata
  2. B.To divert water into the Hooghly and flush silt from the approach to Kolkata port
  3. C.To irrigate the Dooars tea gardens
  4. D.To control the floods of the Damodar river
Show answer
Correct answer: B. To divert water into the Hooghly and flush silt from the approach to Kolkata port

The Ganga splits in West Bengal, with the main stream going into Bangladesh as the Padma and the Bhagirathi and Hooghly running south past Kolkata.

Q5110.Indian States & UTsEasy

The Damodar Valley Corporation, India’s first multipurpose river valley project, was set up in which year?

  1. A.1948
  2. B.1956
  3. C.1962
  4. D.1975
Show answer
Correct answer: A. 1948

The Corporation was created soon after independence to control the floods of the Damodar, a river so destructive that it was called the sorrow of Bengal, and it was modelled on the Tennessee Valley Authority of the United States, combining flood control, irrigation, power generation and navigation in one body.

Q5111.Indian States & UTsMedium

Which is the oldest High Court in India?

  1. A.Bombay High Court
  2. B.Madras High Court
  3. C.Calcutta High Court
  4. D.Allahabad High Court
Show answer
Correct answer: C. Calcutta High Court

It was established in 1862 under the Indian High Courts Act of 1861, a few days before the High Courts at Bombay and Madras, which makes it the oldest in the country; its jurisdiction also extends beyond the state to the Andaman and Nicobar Islands.

Q5113.Banking & Financial AwarenessMedium

Basel I, issued in 1988, dealt mainly with which type of risk?

  1. A.Operational risk
  2. B.Market risk
  3. C.Credit risk
  4. D.Liquidity risk
Show answer
Correct answer: C. Credit risk

The first accord was a simple framework that asked banks to hold capital equal to at least eight per cent of their risk weighted assets, with risk weights of zero, twenty, fifty and a hundred per cent assigned according to the creditworthiness of the borrower.

Q5114.Banking & Financial AwarenessHard

Under the Reserve Bank of India framework, which three banks have been designated as Domestic Systemically Important Banks?

  1. A.State Bank of India, Punjab National Bank and Bank of Baroda
  2. B.State Bank of India, ICICI Bank and HDFC Bank
  3. C.HDFC Bank, Axis Bank and Kotak Mahindra Bank
  4. D.State Bank of India, Canara Bank and Union Bank of India
Show answer
Correct answer: B. State Bank of India, ICICI Bank and HDFC Bank

The Reserve Bank issued its framework for Domestic Systemically Important Banks in 2014 and has since placed these three in the list, on the view that their size, interconnectedness and complexity make their failure a danger to the whole system.

Q5115.Banking & Financial AwarenessEasy

The Basel Committee on Banking Supervision has its secretariat at which institution?

  1. A.The Bank for International Settlements
  2. B.The European Central Bank
  3. C.The Swiss National Bank
  4. D.The Organisation for Economic Co operation and Development
Show answer
Correct answer: A. The Bank for International Settlements

The Bank is located in Basel, Switzerland, was established in 1930 and is the oldest international financial institution in the world; it is often described as the bank for central banks because its members are central banks rather than private customers.

Q5116.Banking & Financial AwarenessMedium

The Liquidity Coverage Ratio introduced under Basel III requires a bank to hold high quality liquid assets sufficient to meet net cash outflows over what period?

  1. A.Seven days
  2. B.Thirty days
  3. C.Ninety days
  4. D.One year
Show answer
Correct answer: B. Thirty days

The Liquidity Coverage Ratio is a short term standard: a bank must hold enough high quality liquid assets, mainly cash, central bank reserves and sovereign securities, to survive the net cash outflows of a thirty day stress scenario, and the ratio must be at least a hundred per cent.

Q5117.Banking & Financial AwarenessHard

The capital conservation buffer prescribed under Basel III has to be maintained in which form of capital?

  1. A.Tier two capital
  2. B.Additional Tier one capital
  3. C.Common Equity Tier one capital
  4. D.Any combination of Tier one and Tier two
Show answer
Correct answer: C. Common Equity Tier one capital

The buffer of two and a half per cent of risk weighted assets is meant to be built up in good years and drawn down in bad ones, so it must consist of the highest quality capital, that is common equity.

Q5118.Banking & Financial AwarenessMedium

Basel III was issued in response to which event?

  1. A.The Asian financial crisis of 1997
  2. B.The global financial crisis of 2008
  3. C.The collapse of Bankhaus Herstatt in 1974
  4. D.The European sovereign debt crisis of 2015
Show answer
Correct answer: B. The global financial crisis of 2008

The crisis showed that banks had too little capital of genuinely loss absorbing quality and no cushion of liquid assets, so the Basel Committee issued Basel III in 2010 with stricter definitions of capital, the capital conservation and countercyclical buffers, a leverage ratio and the two liquidity standards.

Q5119.Banking & Financial AwarenessEasy

Which of the following forms part of Common Equity Tier one capital of a bank?

  1. A.Subordinated debt
  2. B.Revaluation reserves
  3. C.Paid up equity capital and statutory reserves
  4. D.General provisions against standard assets
Show answer
Correct answer: C. Paid up equity capital and statutory reserves

Common Equity Tier one is the purest form of going concern capital, able to absorb losses while the bank continues to trade, and it is made up of paid up equity capital, share premium, statutory reserves and retained earnings.

Q5120.Banking & Financial AwarenessMedium

What is the minimum capital to risk weighted assets ratio prescribed by the Reserve Bank of India for Indian banks?

  1. A.Eight per cent
  2. B.Nine per cent
  3. C.Ten and a half per cent
  4. D.Twelve per cent
Show answer
Correct answer: B. Nine per cent

The Reserve Bank has deliberately set the Indian minimum one percentage point above the Basel figure, so Indian banks must maintain a capital to risk weighted assets ratio of nine per cent, of which Common Equity Tier one must be at least five and a half per cent and total…

GK Questions for sub-exams