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 satellite navigation system is used to disseminate Indian Standard Time?
CSIR-NPL provides traceability of Indian Standard Time to ISRO for the NavIC system, which allows the time to be spread by satellite and strengthens both the availability and the resilience of national timing services.
Read the full explanation →Secondary timescales traceable to IST have been set up at Regional Reference Standard Laboratories in how many cities?
CSIR-NPL, ISRO and the Legal Metrology Department jointly established secondary timescales at Regional Reference Standard Laboratories in Ahmedabad, Bengaluru, Bhubaneswar, Faridabad and Guwahati.
Read the full explanation →Which institution is the scientific custodian of Indian Standard Time?
It is India's National Metrology Institute, mandated to set up primary national standards and to disseminate them.
Read the full explanation →After how many days from Gazette publication do the Legal Metrology (Indian Standard Time) Rules, 2026 come into force?
The Rules were notified by the Department of Consumer Affairs on 27 August 2026 and published in the Official Gazette on 29 August 2026, and the release states that they take effect 180 days from the date of that publication.
Read the full explanation →Who is the Chairperson of IFSCA, as named in the release?
He is quoted in the release saying that the rapid scale-up of banking activity at GIFT-IFSC shows the depth and growing international orientation of India's International Financial Services Centre, and that the centre is serving as an effective bridge between global pools of capital and India's financing needs.
Read the full explanation →How much did Indian banks raise through bond listings on IFSC exchanges between April and August 2026?
Indian banks raised that amount through bond listings on IFSC exchanges over the five months from April to August 2026.
Read the full explanation →Under which law was the International Financial Services Centres Authority established?
The release describes IFSCA as the unified regulatory authority set up by the Government of India under an Act of Parliament for the development and regulation of financial products, financial services and financial institutions in India's International Financial Services Centres.
Read the full explanation →How much had IFSC Banking Units at GIFT City sanctioned under the RBI's FCNR(B) swap facility as on 31 August 2026?
That is the figure twenty IFSC Banking Units had sanctioned under the Reserve Bank's special swap facility for FCNR(B) deposits as on 31 August 2026, and about USD 52.82 billion of it had already been disbursed.
Read the full explanation →Which reform did JCR credit with strengthening the asset quality of India's banking sector?
JCR pointed to three things behind the better asset quality of Indian banks: the establishment of this Code, the capital the Government infused into banks, and stronger supervision by the Reserve Bank of India.
Read the full explanation →Which of these agencies did NOT upgrade India's sovereign rating during the year before the JCR decision?
It is a multilateral development bank that lends to its member countries; it is not a credit rating agency and assigns no sovereign ratings, so it cannot appear in this list.
Read the full explanation →According to the release, the Central Government's fiscal deficit in FY26 stood at:
JCR noted that the Centre's fiscal deficit came down from 4.7 per cent in FY25 to 4.4 per cent in FY26, and that this happened while capital spending was kept high, with infrastructure investment given particular weight.
Read the full explanation →Japan Credit Rating Agency upgraded India's long-term sovereign issuer ratings from BBB+ to which level?
The agency moved both the long-term foreign currency issuer rating and the long-term local currency issuer rating up by exactly one notch, from BBB+ to A-, and kept the outlook at stable.
Read the full explanation →Why did the mining and quarrying sector show real GVA growth of -2.4 per cent but nominal GVA growth of 22.3 per cent?
Constant-price estimates for mining are built from the Index of Industrial Production, which grew -3.8 per cent in April, -1.4 per cent in May and 1.6 per cent in June, broadly matching real GVA growth of -2.4 per cent.
Read the full explanation →GDP at current prices for the first quarter of 2026-27 was estimated at:
The release says the first quarter of 2026-27 should be compared with the earlier first-quarter figure from the same series, and in doing so it names the current-price estimate for the quarter.
Read the full explanation →Under double deflation, which two items are deflated separately to arrive at real Gross Value Added?
Double deflation is a production-side technique: gross output is deflated with one price index and intermediate consumption with another, and real Gross Value Added is what remains after subtracting the second from the first.
Read the full explanation →What is the base year of India's updated series of annual and quarterly GDP estimates?
The backgrounder states that the updated series of annual and quarterly GDP estimates, released on 31 August 2026, takes 2022-23 as its base year.
Read the full explanation →At which technology readiness level does the RDI Fund extend support, as stated by the Minister?
Speaking about what lies ahead, the Minister noted that the RDI Fund is offering support at a later stage, at the TRL4 level, and that the Technology Development Board was the first to roll out its proposals under the fund.
Read the full explanation →According to the Minister, what share of India's start-ups comes from smaller towns?
The Minister said start-ups are not confined to Bengaluru or Hyderabad and that more than 50 per cent of them come from smaller towns, a figure he used while asking for prevailing myths about entrepreneurship to be dispelled.
Read the full explanation →Dr Jitendra Singh spoke about the RDI Fund at the Foundation Day of which body?
The board was created so that technologies would not remain confined to laboratories but would be translated into products, solutions and enterprises that bring ease of living, provide livelihoods and add to the economy of the country.
Read the full explanation →What is the corpus of the Research, Development and Innovation Fund?
The release refers throughout to the ₹1 lakh crore Research, Development and Innovation Fund, and it is the size of that corpus that makes the Minister's appeal for outreach necessary: thousands of applications are arriving, some from applicants who do not appear to understand what the fund is for.
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