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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

Q681.Banking & Financial AwarenessAsked in: CDS · CDS-I 2018, GKHard

Which of the following statements about the India Post Payments Bank (IPPB) is/are correct? 1. It has been incorporated as a Public Limited Company. 2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi. Select the correct answer using the code given below.

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: A. 1 only

IPPB was incorporated as a public limited company, but its two pilot branches opened at Raipur and Ranchi, not at Hyderabad and Varanasi.

Q682.Indian EconomyAsked in: CDS · CDS-II 2024, GKHard

The Rangarajan Committee methodology for determining the poverty line incorporated which of the following ? 1. A food component 2. A normative level of expenditure for essential non-food items 3. A behaviourally determined expenditure for other non-food items Select the answer using the code given below :

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1, 2 and 3
  4. D.1 and 3 only
Show answer
Correct answer: C. 1, 2 and 3

The Rangarajan Committee built its poverty line basket from all three parts named in the question. The expert group headed by C. Rangarajan was set up in 2012 and reported in 2014, to review the Tendulkar method.

Q684.Indian EconomyAsked in: CDS · CDS-II 2024, GKHard

Suppose there are only two normal goods in the economy, X and Y. If price of good X increases, which would be the correct statement from below ?

  1. A.Demand for good X decreases and demand for Y is indeterminate.
  2. B.Demand for good X decreases and demand for Y decreases.
  3. C.Demand for good X increases and demand for Y is indeterminate.
  4. D.Demand for good X increases and demand for Y decreases.
Show answer
Correct answer: A. Demand for good X decreases and demand for Y is indeterminate.

By the law of demand, a normal good is bought less when its own price rises, while the effect on the other good depends on two forces pulling in opposite directions.

Q686.InternationalEasy

How did the Vice-President describe the proposed India-EU Free Trade Agreement?

  1. A.The deal of the century
  2. B.Mother of all deals
  3. C.The bridge of two continents
  4. D.The partnership of equals
Show answer
Correct answer: B. Mother of all deals

The Vice-President used this phrase for the proposed Free Trade Agreement between India and the European Union, expressed the hope that it would be signed within this year, and asked the visiting members for the support of the European Parliament in bringing it to completion.

Q687.InternationalMedium

Which committee of the European Parliament sent the delegation received by the Vice-President of India?

  1. A.Committee on International Trade
  2. B.Committee on Foreign Affairs (AFET)
  3. C.Committee on Budgets
  4. D.Committee on Industry, Research and Energy
Show answer
Correct answer: B. Committee on Foreign Affairs (AFET)

Its delegation, led by Mr David McAllister, was received by the Vice-President and Rajya Sabha Chairman at Parliament House in New Delhi, and the talk ranged over trade, technology, research and the broader partnership between India and the European Union.

Q692.Government SchemesMedium

Atal Vayo Abhyuday Yojana subsumed and expanded which earlier plan?

  1. A.National Action Plan for Senior Citizens
  2. B.National Social Assistance Programme
  3. C.National Policy on Older Persons
  4. D.Indira Gandhi National Old Age Pension Scheme
Show answer
Correct answer: A. National Action Plan for Senior Citizens

Atal Vayo Abhyuday Yojana was launched in 2021 and it took in that earlier plan, widened its scope and brought a number of separate measures for older persons under a single umbrella scheme of the Ministry of Social Justice and Empowerment.

Q693.Government SchemesEasy

How much grant-in-aid has the Centre released to 755 projects under the Integrated Programme for Senior Citizens?

  1. A.Rs 55.98 crore
  2. B.Rs 77.98 crore
  3. C.Rs 97.78 crore
  4. D.Rs 107.98 crore
Show answer
Correct answer: B. Rs 77.98 crore

This amount has been released as grant-in-aid to 755 projects running under the Integrated Programme for Senior Citizens, which is a component of the Atal Vayo Abhyuday Yojana, and it covers the quarter that ended on 30 September 2026 in the financial year 2026-27.

Q694.NationalMedium

Under which ministry does the National Pharmaceutical Pricing Authority function?

  1. A.Ministry of Health and Family Welfare
  2. B.Ministry of Consumer Affairs, Food and Public Distribution
  3. C.Ministry of Chemicals and Fertilizers
  4. D.Ministry of Commerce and Industry
Show answer
Correct answer: C. Ministry of Chemicals and Fertilizers

NPPA works under the Department of Pharmaceuticals, which is one of the departments of that ministry, and it is the body that fixed the revised maximum retail prices for anti-cancer medicine brands effective from 9 November 2026.

Q697.EconomyMedium

For applicants approved under Round 4, the tenure of the PLI Scheme for Textiles has been extended up to which financial year?

  1. A.2029-30
  2. B.2030-31
  3. C.2031-32
  4. D.2033-34
Show answer
Correct answer: D. 2033-34

The extension is deliberately limited to companies approved under Round 4, and the reason given is practical: a manufacturer entering now needs a longer investment and operational horizon to build a plant and then scale up its capacity, which a shorter tenure would not allow.

Q698.EconomyMedium

The application portal for Round 4 of the PLI Scheme for Textiles will remain open during which period?

  1. A.1 October to 30 November 2026
  2. B.1 November to 31 December 2026
  3. C.1 December 2026 to 31 January 2027
  4. D.1 November 2026 to 31 March 2027
Show answer
Correct answer: B. 1 November to 31 December 2026

The Ministry of Textiles has set a two-month window in which the online portal will accept fresh applications under Round 4, and eligible companies have been asked to apply within that period in keeping with the scheme guidelines.

Q700.EnvironmentMedium

At the side event, the Union Environment Minister described which instrument as the basis for fair and equitable sharing of benefits from the use of genetic resources?

  1. A.The Cartagena Protocol
  2. B.The Nagoya Protocol
  3. C.The Kunming-Montreal Global Biodiversity Framework
  4. D.The Paris Agreement
Show answer
Correct answer: B. The Nagoya Protocol

Speaking on Access and Benefit Sharing, the minister said this protocol provides the basis for sharing fairly and equitably the benefits that arise when genetic resources are used, and he pressed for the principle to be converted into procedures that are workable, transparent and equitable.

GK Questions for sub-exams