Skip to content
GK24

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

Q1242.HaryanaMedium

The Haryana Fiscal Responsibility and Budget Management Act was enacted in which year?

  1. A.1998
  2. B.2003
  3. C.2005
  4. D.2012
Show answer
Correct answer: C. 2005

Haryana enacted its Fiscal Responsibility and Budget Management Act in 2005, following the Twelfth Finance Commission's advice that states pass such laws to qualify for debt relief; the Act commits the state to keep its fiscal deficit within about 3 per cent of gross state domestic product, to eliminate the…

Q1243.HaryanaHard

Borrowing by a state government, including Haryana, is governed by which Article of the Constitution?

  1. A.Article 266
  2. B.Article 280
  3. C.Article 292
  4. D.Article 293
Show answer
Correct answer: D. Article 293

Article 293 allows a state to borrow within India on the security of its Consolidated Fund, within limits set by its legislature, and requires the consent of the Government of India for any further borrowing while a loan made by or guaranteed by the Centre is still outstanding, a clause…

Q1244.HaryanaMedium

No money can be withdrawn from the Consolidated Fund of Haryana except under an Appropriation Act passed under which Article?

  1. A.Article 203
  2. B.Article 204
  3. C.Article 205
  4. D.Article 206
Show answer
Correct answer: B. Article 204

After the legislature votes the demands for grants, an Appropriation Bill is introduced under Article 204 to authorise withdrawal from the Consolidated Fund of the State for the granted sums and for the charged expenditure, and no money may leave that fund without such an Act.

Q1245.HaryanaMedium

The Annual Financial Statement of a state, that is the state budget, is laid before the legislature under which Article of the Constitution?

  1. A.Article 112
  2. B.Article 199
  3. C.Article 202
  4. D.Article 266
Show answer
Correct answer: C. Article 202

Article 202 requires the Governor to cause the Annual Financial Statement, the estimated receipts and expenditure of the state for a financial year, to be laid before the House or Houses of the legislature, and this statement is what is called the budget of Haryana.

Q1246.HaryanaMedium

The Panipat refinery located in Haryana belongs to which public sector company?

  1. A.Bharat Petroleum Corporation Limited
  2. B.Hindustan Petroleum Corporation Limited
  3. C.Indian Oil Corporation Limited
  4. D.Oil and Natural Gas Corporation
Show answer
Correct answer: C. Indian Oil Corporation Limited

The Panipat refinery, commissioned in 1998, is an Indian Oil refinery and is the only refinery in Haryana; a naphtha cracker and petrochemical complex were later built alongside it, which makes Panipat an energy and petrochemical centre as well as a textile town.

Q1247.HaryanaEasy

Panipat in Haryana is best known for which traditional industry?

  1. A.Plywood and paper
  2. B.Handloom and textile furnishings
  3. C.Brassware
  4. D.Footwear and ceramics
Show answer
Correct answer: B. Handloom and textile furnishings

Panipat is called the city of weavers and is a national centre for handloom products such as blankets, carpets, durries and furnishings, much of it made from recycled yarn, and the trade grew after refugee weavers settled there following Partition.

Q1248.HaryanaEasy

Which city is Haryana's main information technology and corporate hub and its largest contributor of state revenue?

  1. A.Gurugram
  2. B.Ambala
  3. C.Karnal
  4. D.Hisar
Show answer
Correct answer: A. Gurugram

Lying in the National Capital Region next to Delhi, Gurugram holds the state's largest concentration of information technology and business process management firms, corporate head offices, malls and high-value real estate, and it also has car manufacturing, so it yields the biggest share of the state's goods and services tax…

Q1249.HaryanaEasy

Which sector contributes the largest share to the gross state value added of Haryana?

  1. A.Agriculture
  2. B.Mining and quarrying
  3. C.Industry
  4. D.Services
Show answer
Correct answer: D. Services

As in India as a whole, the services sector, which covers trade, transport, real estate, finance, information technology and public administration, contributes the largest share of Haryana's gross state value added, and the corporate and information technology economy of Gurugram is a large part of it.

Q1250.Madhya PradeshEasy

The Pithampur industrial area, often called the automobile hub of Madhya Pradesh, lies close to which city?

  1. A.Indore
  2. B.Jabalpur
  3. C.Gwalior
  4. D.Sagar
Show answer
Correct answer: A. Indore

Pithampur, in Dhar district next to Indore, is the largest industrial estate of the state and holds vehicle, auto component, pharmaceutical and engineering plants, along with a vehicle testing track; because of the concentration of automobile units it is often called the Detroit of Madhya Pradesh.

Q1252.Madhya PradeshHard

Under the fiscal responsibility law of Madhya Pradesh, the fiscal deficit of the state is normally to be kept within what share of the gross state domestic product?

  1. A.One per cent
  2. B.Three per cent
  3. C.Six per cent
  4. D.Ten per cent
Show answer
Correct answer: B. Three per cent

The Madhya Pradesh Fiscal Responsibility and Budget Management Act, passed in the middle of the 2000s on the pattern of the central Act of 2003 and the advice of the Twelfth Finance Commission, requires the state to keep its fiscal deficit within three per cent of the gross state domestic…

Q1253.Madhya PradeshEasy

Madhya Pradesh became the second largest state of India by area when which state was carved out of it in 2000?

  1. A.Jharkhand
  2. B.Chhattisgarh
  3. C.Uttarakhand
  4. D.Telangana
Show answer
Correct answer: B. Chhattisgarh

Chhattisgarh was created on 1 November 2000 under the Madhya Pradesh Reorganisation Act, 2000. Until then Madhya Pradesh was the largest state of India by area; after the separation Rajasthan became the largest and Madhya Pradesh the second largest.

Q1254.Madhya PradeshHard

The Rewa Ultra Mega Solar Park of Madhya Pradesh became well known for supplying power to which consumer outside the state?

  1. A.Delhi Metro
  2. B.Indian Railways in Chennai
  3. C.Mumbai Port
  4. D.Kolkata Tram Company
Show answer
Correct answer: A. Delhi Metro

The solar park at Gurh in Rewa district, of 750 megawatt capacity, was the first renewable project in the country to supply an institutional buyer outside its own state, and a part of its power goes to the Delhi Metro, the rest to the distribution companies of Madhya Pradesh.

Q1260.Madhya PradeshMedium

The legislature of Madhya Pradesh, before which the state budget is laid, consists of:

  1. A.Only the Vidhan Sabha, with the Governor
  2. B.The Vidhan Sabha and the Vidhan Parishad
  3. C.Only the Vidhan Parishad
  4. D.The Vidhan Sabha and a joint council of districts
Show answer
Correct answer: A. Only the Vidhan Sabha, with the Governor

Madhya Pradesh has a unicameral legislature: the Governor and one House, the Vidhan Sabha, whose strength is 230. The annual financial statement under Article 202 is therefore laid before that single House, which votes the demands for grants and passes the Appropriation Bill.

GK Questions for sub-exams