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.
Which type of RAM is faster and DOES NOT require refreshing?
Static RAM stores each bit in a flip-flop circuit made of several transistors, usually six, so the bit stays put as long as the power is on and never needs refreshing.
Read the full explanation →Which of the following is NOT a component of a CPU?
A hard disk is a secondary storage device that keeps programs and files permanently, even when the power is off, and it sits outside the processor.
Read the full explanation →What is the shortcut key to start a slideshow from the beginning?
In Microsoft PowerPoint, pressing F5 starts the slide show from the first slide, whichever slide you are working on at that moment.
Read the full explanation →The price declared by the Government every year before the sowing season to provide incentives to the farmers is called
The MSP is announced before sowing so that farmers know the lowest price at which the government will buy their crop.
Read the full explanation →‘Sensex’ is the popular index of the Bombay Stock Exchange (BSE). It is measured on the basis of how many blue-chip companies listed on the BSE?
Sensex, short for ‘Sensitive Index’, tracks 30 large, well-established and actively traded companies listed on the BSE, chosen from different sectors of the economy.
Read the full explanation →The money accruing from the sale of 'National Savings Certificates' goes to which account of the Government of India?
Money from National Savings Certificates belongs to the savers, not the government, so under Article 266(2) it is credited to the Public Account.
Read the full explanation →Which among the following is a tool of Fiscal Policy?
Fiscal policy is the government's use of taxation and public spending, so taxes are its main tool. In India, fiscal policy is run by the Union Government through the Ministry of Finance, and the Union Budget is its yearly statement.
Read the full explanation →RBI was nationalized in ________.
The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank of India (Transfer to Public Ownership) Act, 1948.
Read the full explanation →Who was the first Deputy Chairman of the Planning Commission of India?
Gulzarilal Nanda became the first Deputy Chairman when the Planning Commission began work in 1950, and he later became interim Prime Minister twice, in 1964 and 1966.
Read the full explanation →The Regional Rural Banks Act was passed in which year by the Government of India?
Regional Rural Banks were set up under the Regional Rural Banks Act, 1976, after the Narasimham Working Group of 1975 recommended small banks close to the villages.
Read the full explanation →Consider the following markets:
1. Government Bond Market
2. Call Money Market
3. Treasury Bill Market
4. Stock Market
How many of the above are included in capital markets?
The government bond market and the stock market deal in long-term funds, so they are capital markets; call money and treasury bills belong to the money market.
Read the full explanation →Which one of the following activities of the Reserve Bank of India is considered to be part of 'sterilization'?
Sterilization means cancelling out the effect of foreign exchange operations on the domestic money supply, and the RBI does it mainly through open market operations.
Read the full explanation →With reference to the Indian economy, consider the following statements:
1. If the inflation is too high, Reserve Bank of India (RBI) is likely to buy government securities.
2. If the rupee is rapidly depreciating, RBI is likely to sell dollars in the market.
3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars.
Which of the statements given above are correct?
Selling dollars supports a falling rupee and buying dollars absorbs heavy inflows, but to fight inflation the RBI sells, not buys, securities.
Read the full explanation →The money multiplier in an economy increases with which one of the following?
When people keep more of their money in banks instead of as cash, banks can lend more, so each rupee of reserve money creates more money in the economy.
Read the full explanation →The _______ has the sole authority to issue banknotes in India.
Under Section 22 of the RBI Act, 1934, the Reserve Bank has the sole right to issue banknotes in India.
Read the full explanation →Who was the first chairman of Finance Commission of India?
Kshitish Chandra Neogy chaired the First Finance Commission, set up by the President in November 1951, which gave its report in 1952 for the period 1952 to 1957.
Read the full explanation →In which type of tax is the marginal tax rate higher than the average tax rate?
In a progressive tax the rate rises as income rises, so each extra rupee is taxed at a higher rate than the rupees before it.
Read the full explanation →The executive is given an advance grant to meet temporary and running requirements of Government of India in the beginning of the new financial year until the demands are voted by the legislature. This is known as
It is the advance grant the Lok Sabha makes so that the government can keep spending from 1 April until the full budget is passed.
Read the full explanation →What is 'Unicorn Company' often mentioned in Indian news?
A unicorn is a startup that is not listed on the stock market and is valued at more than one billion US dollars.
Read the full explanation →The computation of poverty in terms of Monthly Per Capita Consumption Expenditure (MPCE) based on the Mixed Reference Period was recommended by the
The expert group headed by Suresh Tendulkar, which reported in 2009, recommended measuring poverty through MPCE on the Mixed Reference Period.
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