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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

Q1185.EconomyEasy

The Khadi and Village Industries Commission (KVIC) works under which Union ministry?

  1. A.Ministry of Textiles
  2. B.Ministry of Rural Development
  3. C.Ministry of Micro, Small and Medium Enterprises
  4. D.Ministry of Commerce and Industry
Show answer
Correct answer: C. Ministry of Micro, Small and Medium Enterprises

KVIC is the commission placed under that ministry, and its chairman Manoj Goel spoke in that capacity when he put the khadi and village industries sector's turnover above Rs 1.87 lakh crore with employment of more than 2.04 crore people.

Q1186.EconomyEasy

What was the turnover of India's khadi and village industries sector in the 2025-26 financial year, as stated by KVIC?

  1. A.More than Rs 1.34 lakh crore
  2. B.More than Rs 1.87 lakh crore
  3. C.More than Rs 2.04 lakh crore
  4. D.More than Rs 2.51 lakh crore
Show answer
Correct answer: B. More than Rs 1.87 lakh crore

The Khadi and Village Industries Commission said the sector's turnover crossed that mark in the 2025-26 financial year, and that the same year it gave work to more than 2.04 crore people.

Q1187.InternationalMedium

Which trade agreement formed the backdrop to Piyush Goyal's talks in the Netherlands?

  1. A.India-EFTA Trade and Economic Partnership Agreement
  2. B.India-UK Free Trade Agreement
  3. C.India-EU Free Trade Agreement
  4. D.Regional Comprehensive Economic Partnership
Show answer
Correct answer: C. India-EU Free Trade Agreement

The minister's tour of the Port of Rotterdam was explicitly placed in the context of that agreement, which is expected to create significant new opportunities for Indian exporters; the world-class ports of the Netherlands, its logistics infrastructure and its connectivity with European markets can then help in handling larger trade…

Q1188.InternationalEasy

Which portfolio does Piyush Goyal hold, as seen in his Netherlands engagements?

  1. A.External Affairs
  2. B.Commerce and Industry
  3. C.Finance
  4. D.Ports, Shipping and Waterways
Show answer
Correct answer: B. Commerce and Industry

Piyush Goyal is the Union Minister of Commerce and Industry, and in that capacity he began a visit to the Netherlands aimed at strengthening economic ties, exploring fresh avenues for trade and investment, and deepening engagement with the Indian community.

Q1189.InternationalEasy

Which port, visited by Piyush Goyal, is Europe's largest and a gateway for Indian goods to the European market?

  1. A.Port of Hamburg
  2. B.Port of Antwerp
  3. C.Port of Rotterdam
  4. D.Port of Le Havre
Show answer
Correct answer: C. Port of Rotterdam

The Union Minister of Commerce and Industry toured it with its Chief Executive Officer, Boudewijn Siemons, on the first day of his visit to the Netherlands, and the port is described as the largest in Europe, a gateway for Indian goods entering the European market and a key hub for…

Q1190.InternationalMedium

In which Korean city did Sarbananda Sonowal open his visit and is he to attend the World Maritime Day ministerial roundtable?

  1. A.Seoul
  2. B.Incheon
  3. C.Busan
  4. D.Ulsan
Show answer
Correct answer: C. Busan

Sarbananda Sonowal opened his four-day South Korea visit in Busan, which he called the hub of the Korean maritime industry, with an interaction with Indian professionals working in Korean shipbuilding, and the same city is to host the ministerial roundtable for World Maritime Day in which he will take part…

Q1193.Indian EconomyAsked in: CDS · CDS-I 2025, GKEasy

Core inflation is :

  1. A.CPI headline inflation minus all non-food items
  2. B.WPI inflation minus all food and non-food items
  3. C.CPI headline inflation minus food and energy items
  4. D.WPI inflation minus food and energy items
Show answer
Correct answer: C. CPI headline inflation minus food and energy items

Core inflation leaves out food and fuel, whose prices swing sharply with monsoons, harvests and world oil prices, so that it shows the steady, underlying trend of prices.

Q1195.Indian EconomyAsked in: CDS · CDS-I 2024, GKMedium

Which of the following statements is/are correct? 1. Most of India's reserves is held in the form of foreign currency. 2. There is no cost of holding foreign currency as reserves by a nation. 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

Foreign currency assets make up the largest part of India's foreign exchange reserves, but holding them is never free, so statement 2 is false.

Q1199.Banking & FinanceEasy

Which two Reserve Bank of India facilities were inaugurated at Bhubaneswar on 25 October 2026?

  1. A.A currency printing press and a note sorting centre
  2. B.A data centre and a cyber security training institute
  3. C.A regional office and a banking ombudsman office
  4. D.A coin museum and a financial literacy centre
Show answer
Correct answer: B. A data centre and a cyber security training institute

The Prime Minister inaugurated exactly these two units of the Reserve Bank of India at Bhubaneswar, the capital of Odisha, and called the occasion an important one for the state and for the country.

Q1200.Summits & ConferencesHard

Which of the following was recommended by the session on Model Municipal Law at the National Urban Conclave 2026?

  1. A.Empowering Mayors with five-year tenures and clearly defined executive powers
  2. B.Abolishing Ward and Zonal Committees in large cities
  3. C.Transferring municipal water supply to the Union Government
  4. D.Ending self-certification in building approvals
Show answer
Correct answer: A. Empowering Mayors with five-year tenures and clearly defined executive powers

The session on Model Municipal Law recommended exactly that, together with stronger devolution of municipal functions, better coordination with parastatal agencies, more fiscal autonomy and own-source revenues, adequate technical staffing and a revision of the Model Municipal Law, 2003 through state-level consultations.

GK Questions for sub-exams