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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

Q7182.Indian EconomyMedium

The Governing Council of NITI Aayog consists of the Prime Minister and

  1. A.the chief ministers of all states and the lieutenant governors of union territories
  2. B.the governors of all states
  3. C.the judges of the Supreme Court
  4. D.the members of the Finance Commission
Show answer
Correct answer: A. the chief ministers of all states and the lieutenant governors of union territories

The Governing Council brings together the Prime Minister, the chief ministers of all the states, the chief ministers of union territories that have legislatures and the lieutenant governors of the remaining union territories, so that the Union and the states can settle priorities in one room.

Q7183.Indian EconomyEasy

Who is the chairperson of NITI Aayog?

  1. A.The President of India
  2. B.The Prime Minister of India
  3. C.The Union Finance Minister
  4. D.The Governor of the Reserve Bank of India
Show answer
Correct answer: B. The Prime Minister of India

The office of Prime Minister carries the chairmanship of NITI Aayog, exactly as it carried the chairmanship of the Planning Commission before 2015 and as it carries the chairmanship of the Governing Council and of the National Development Council.

Q7186.Indian EconomyMedium

The Second Five Year Plan of India was based on the model given by

  1. A.P. C. Mahalanobis
  2. B.Harrod and Domar
  3. C.M. Visvesvaraya
  4. D.V. K. R. V. Rao
Show answer
Correct answer: A. P. C. Mahalanobis

The statistician who founded the Indian Statistical Institute gave the Second Plan its framework, in which investment was directed towards heavy and basic industries such as steel, machinery and power on the argument that they would build the capacity to produce everything else.

Q7187.Indian EconomyEasy

NITI Aayog came into existence on which date?

  1. A.1 January 2015
  2. B.15 March 2014
  3. C.1 April 2016
  4. D.26 January 2015
Show answer
Correct answer: A. 1 January 2015

On that date a cabinet resolution created the National Institution for Transforming India in place of the Planning Commission, keeping the Prime Minister as the head of the new body but changing its work from allocating funds to advising governments.

Q7189.Static GKHard

Who was the first Chief Election Commissioner of India?

  1. A.Sukumar Sen
  2. B.T. N. Seshan
  3. C.K. V. K. Sundaram
  4. D.S. P. Sen Verma
Show answer
Correct answer: A. Sukumar Sen

The correct answer is A, Sukumar Sen, an officer of the Indian Civil Service who was appointed the first Chief Election Commissioner and conducted the first general elections to the Lok Sabha and the state assemblies, an exercise held on a scale never attempted before anywhere.

Q7191.Static GKEasy

Who was the first Field Marshal of the Indian Army?

  1. A.General K. M. Cariappa
  2. B.Sam Manekshaw
  3. C.Arjan Singh
  4. D.General J. N. Chaudhuri
Show answer
Correct answer: B. Sam Manekshaw

The correct answer is B, Sam Manekshaw, who led the Indian Army as Chief of the Army Staff during the war of 1971 and was the first officer raised to the five-star rank of Field Marshal.

Q7195.Static GKMedium

Who was the first recipient of the Param Vir Chakra, India's highest wartime gallantry award?

  1. A.Major Somnath Sharma
  2. B.Naik Jadunath Singh
  3. C.Captain Vikram Batra
  4. D.Company Quartermaster Havildar Abdul Hamid
Show answer
Correct answer: A. Major Somnath Sharma

He was decorated after his death for the action at Badgam in which his company held back the advance on the Srinagar airfield in November 1947, and his is the first name on the roll of the Param Vir Chakra.

Q7198.Static GKMedium

Who was the first Indian to travel into space?

  1. A.Rakesh Sharma
  2. B.Kalpana Chawla
  3. C.Ravish Malhotra
  4. D.Sunita Williams
Show answer
Correct answer: A. Rakesh Sharma

The Indian Air Force pilot flew aboard the Soviet spacecraft Soyuz T-11 in 1984 under a joint programme and spent about a week on the Salyut 7 space station, becoming the first Indian citizen in space.

GK Questions for sub-exams