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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

Q1381.Banking & FinanceMedium

What is the stated central aim of the C-DAC and Bank of India partnership?

  1. A.A Quantum Ecosystem for Financial Innovation
  2. B.A new national payments switch
  3. C.A rural branch expansion plan
  4. D.A sovereign gold bond platform
Show answer
Correct answer: A. A Quantum Ecosystem for Financial Innovation

This is the named focus of the partnership, meant to prepare banking systems both for the opportunities that quantum technology brings and for the security problems it creates, which is why the two sides will study quantum-inspired and quantum-safe methods.

Q1382.Banking & FinanceMedium

C-DAC, which signed the quantum banking agreement, is an autonomous society under which ministry?

  1. A.Ministry of Finance
  2. B.Ministry of Science and Technology
  3. C.Ministry of Electronics and Information Technology
  4. D.Ministry of Communications
Show answer
Correct answer: C. Ministry of Electronics and Information Technology

The Centre for Development of Advanced Computing is an autonomous scientific society under that ministry, and its Secretary, S. Krishnan, was present when the memorandum with Bank of India was exchanged.

Q1384.Science & TechnologyMedium

Which of the following was NOT named as a research area of the new C-DOT Centre of Excellence?

  1. A.Very large-scale MIMO systems
  2. B.Post-quantum communication
  3. C.Deep-sea mining equipment
  4. D.AI-native communication networks
Show answer
Correct answer: C. Deep-sea mining equipment

The Centre of Excellence at IIT (BHU), Varanasi has been given a brief in communication technology: wireless communications, quantum technologies, cybersecurity and communication systems driven by artificial intelligence, with advanced research in 5G Advanced and 6G technologies, very large-scale Multiple-Input Multiple-Output systems, sensing merged with communication, AI-native networks and devices…

Q1385.Science & TechnologyMedium

C-DOT, which signed the agreement for the new Centre of Excellence, works under which ministry?

  1. A.Ministry of Electronics and Information Technology
  2. B.Ministry of Communications
  3. C.Ministry of Education
  4. D.Ministry of Science and Technology
Show answer
Correct answer: B. Ministry of Communications

The Centre for Development of Telematics, or C-DOT, is the research and development centre of the Department of Telecommunications, which is a department of the Ministry of Communications, and it is in that capacity that it signed the agreement for a Centre of Excellence at IIT (BHU), Varanasi.

Q1387.Science & TechnologyAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IHard

In India, it is legally mandatory for which of the following to report on cyber security incidents? 1. Service providers 2. Data centres 3. Body corporate Select the correct answer using the code given below:

  1. A.1 only
  2. B.1 and 2 only
  3. C.3 only
  4. D.1, 2 and 3
Show answer
Correct answer: D. 1, 2 and 3

All three are legally bound to report cyber security incidents to CERT-In, the Indian Computer Emergency Response Team. CERT-In works under Section 70B of the Information Technology Act, 2000 as the national agency for incident response.

Q1388.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

  1. A.Spices
  2. B.Fresh fruits
  3. C.Pulses
  4. D.Vegetable oils
Show answer
Correct answer: D. Vegetable oils

Edible vegetable oils are India's largest agricultural import by value, and they have stayed at the top since well before this question was set.

Q1389.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IMedium

'Broad-based Trade and Investment Agreement (BTIA)' is sometimes seen in the news in the context of negotiations held between India and

  1. A.European Union
  2. B.Gulf Cooperation Council
  3. C.Organization for Economic Cooperation and Development
  4. D.Shanghai Cooperation Organization
Show answer
Correct answer: A. European Union

The Broad-based Trade and Investment Agreement was the name given to the free trade agreement that India and the European Union began negotiating in 2007.

Q1390.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

Consider the following statements : 1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries. 2. In terms of PPP dollars, India is the sixth largest economy in the world. Which of the statements given above is/are correct?

  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

Statement 1 is the definition of purchasing power parity, while statement 2 understates India's position. A PPP exchange rate is the rate at which the currency of one country would have to be converted into that of another to buy the same basket of goods and services in both.

Q1391.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IMedium

What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'? 1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India. 2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves. 3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future. Select the correct answer using the code given below :

  1. A.1 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
Show answer
Correct answer: A. 1 only

The main and certain advantage of GST is that it subsumes many indirect taxes into one and creates a common national market.

Q1392.Reports & IndicesHard

Under the revised design, how many Second Stage Strata will there be and how many households will be canvassed in each First Stage Unit?

  1. A.Four rural and five urban strata, with 14 households per First Stage Unit
  2. B.Five rural and four urban strata, with 12 households per First Stage Unit
  3. C.Three rural and three urban strata, with 16 households per First Stage Unit
  4. D.Four rural and four urban strata, with 15 households per First Stage Unit
Show answer
Correct answer: A. Four rural and five urban strata, with 14 households per First Stage Unit

A new Second Stage Stratum based on digital platform work is being introduced because experience showed that the earlier arrangement did not capture an adequate number of such workers, while the rest of the stratum structure and composition is retained.

Q1393.Reports & IndicesMedium

From which month will the modified sampling design and schedule of the Periodic Labour Force Survey take effect?

  1. A.January 2025
  2. B.January 2026
  3. C.January 2027
  4. D.April 2027
Show answer
Correct answer: C. January 2027

The modified sampling design, the changed estimation procedure and the revised schedule all take effect from that month, when fresh samples for the two-year period 2027-2028, known as Panel 6, will be drawn from an updated sampling frame.

Q1394.Reports & IndicesEasy

Which body conducts the Periodic Labour Force Survey in India?

  1. A.The Reserve Bank of India
  2. B.The National Statistics Office under the Ministry of Statistics and Programme Implementation
  3. C.NITI Aayog
  4. D.The Ministry of Labour and Employment
Show answer
Correct answer: B. The National Statistics Office under the Ministry of Statistics and Programme Implementation

That office has been conducting the Periodic Labour Force Survey since 2017, and the survey has steadily widened to meet the demand for labour market statistics that arrive sooner and can be broken down further.

Q1395.Awards & HonoursMedium

The National Academy of Agricultural Sciences signed a Memorandum of Understanding at the event with which organisation?

  1. A.Indian Council of Agricultural Research
  2. B.World Food Prize Foundation
  3. C.Council for Agricultural Science and Technology, USA
  4. D.Department of Agricultural Research and Education
Show answer
Correct answer: C. Council for Agricultural Science and Technology, USA

The National Academy of Agricultural Sciences signed a Memorandum of Understanding with CAST at the 2026 Norman E Borlaug International Dialogue, and the agreement is meant to open new avenues of cooperation in agricultural research, in capacity development and in the exchange of knowledge, strengthening institutional links and creating room…

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