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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

Q1405.HaryanaMedium

Which shooter from Jhajjar district of Haryana won two bronze medals at the Paris Olympics of 2024?

  1. A.Manu Bhaker
  2. B.Sarabjot Singh
  3. C.Seema Punia
  4. D.Savita Punia
Show answer
Correct answer: A. Manu Bhaker

She comes from Goria village in Jhajjar district and won two bronze medals at the Paris Olympics, one in the individual ten metre air pistol and one in the ten metre air pistol mixed team event, which made her the first Indian athlete since independence to win two medals at…

Q1407.HaryanaMedium

Shahabad Markanda in Kurukshetra district of Haryana is known as a nursery of which sport?

  1. A.Wrestling
  2. B.Hockey
  3. C.Boxing
  4. D.Shooting
Show answer
Correct answer: B. Hockey

Shahabad Markanda, a small town in Kurukshetra district, is called the nursery of Indian women hockey; Rani Rampal, who captained the national team and has received both the Major Dhyan Chand Khel Ratna and the Padma Shri, learnt the game on its astroturf, and the former men team captain and…

Q1412.HaryanaMedium

Neeraj Chopra, who won India's first Olympic gold medal in athletics, belongs to which district of Haryana?

  1. A.Panipat
  2. B.Sonipat
  3. C.Rohtak
  4. D.Bhiwani
Show answer
Correct answer: A. Panipat

Neeraj Chopra comes from Khandra village in Panipat district and won the gold medal in the javelin throw at the Tokyo Olympics, the first Olympic gold for India in a track and field event; he later added an Olympic silver at Paris and a world championship title in the same…

Q1413.Indian EconomyAsked in: CDS · CDS-I 2020, GKMedium

The Cash Reserve Ratio refers to

  1. A.the share of Net Demand and Time Liabilities that banks have to hold as liquid assets
  2. B.the share of Net Demand and Time Liabilities that banks have to hold as balances with the RBI
  3. C.the share of Net Demand and Time Liabilities that banks have to hold as part of their cash reserves
  4. D.the ratio of cash holding to reserves of banks
Show answer
Correct answer: B. the share of Net Demand and Time Liabilities that banks have to hold as balances with the RBI

The Cash Reserve Ratio (CRR) is the part of a bank's net demand and time liabilities (mainly its deposits) that it must keep as cash balances with the Reserve Bank of India.

Q1414.Computer AwarenessAsked in: CDS · CDS-II 2025, GKMedium

What are the uses of software ports ? 1. Connect client computer to server 2. Connect external devices to computer 3. Identify different services like email, file transfer 4. Connecting peripherals like cameras, scanners Select the answer using the code given below :

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

A software port is a logical number, not a physical socket, so it is used for network connections and for telling services apart.

Q1415.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2018, GS Paper IMedium

With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements : 1. It is the flagship scheme of the Ministry of Labour and Employment. 2. It, among other things, will also impart training in soft skills, entrepreneurship, financial and digital literacy. 3. It aims to align the competencies of the unregulated workforce of the country to the National Skill Qualification Framework. Which of the statements given above is/are correct ?

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

Pradhan Mantri Kaushal Vikas Yojana, launched in 2015, is the flagship skill training scheme of the Ministry of Skill Development and Entrepreneurship, not of the Ministry of Labour and Employment.

Q1416.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

  1. A.transportation cost only
  2. B.interest cost only
  3. C.procurement incidentals and distribution cost
  4. D.procurement incidentals and charges for godowns
Show answer
Correct answer: C. procurement incidentals and distribution cost

The economic cost is the full cost the Food Corporation of India bears on each quintal of wheat or rice it handles.

Q1417.Banking & Financial AwarenessAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IEasy

Consider the following statements : 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. 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: C. Both 1 and 2

The National Payments Corporation of India was set up in 2008 as the umbrella body for retail payments in the country, on the initiative of the Reserve Bank of India and the Indian Banks' Association, under the Payment and Settlement Systems Act, 2007.

Q1418.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

Consider the following statements : The 'Stability and Growth Pact' of the European Union is a treaty that 1. limits the levels of the budgetary deficit of the countries of the European Union 2. makes the countries of the European Union to share their infrastructure facilities 3. enables the countries of the European Union to share their technologies How many of the above statements are correct?

  1. A.Only one
  2. B.Only two
  3. C.All three
  4. D.None
Show answer
Correct answer: A. Only one

Only statement 1 is correct. The Stability and Growth Pact, agreed in 1997, is the European Union's set of fiscal rules meant to keep public finances sound so that a shared currency is not weakened by one member's overspending.

Q1419.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2017, GS Paper IMedium

Which of the following has/have occurred in India after its liberalization of economic policies in 1991? 1. Share of agriculture in GDP increased enormously. 2. Share of India's exports in world trade increased. 3. FDI inflows increased. 4. India's foreign exchange reserves increased enormously. Select the correct answer using the codes given below :

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

The reforms of 1991, launched during a balance of payments crisis, opened India to trade and foreign investment, and three of the listed changes followed.

Q1420.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IMedium

'European Stability Mechanism', sometimes seen in the news, is an

  1. A.agency created by EU to deal with the impact of millions of refugees arriving from Middle East
  2. B.agency of EU that provides financial assistance to eurozone countries
  3. C.agency of EU to deal with all the bilateral and multilateral agreements on trade
  4. D.agency of EU to deal with the conflicts arising among the member countries
Show answer
Correct answer: B. agency of EU that provides financial assistance to eurozone countries

The European Stability Mechanism is a permanent rescue fund for the countries that use the euro. It was set up by a treaty among the eurozone members and began work in 2012, taking over from the temporary European Financial Stability Facility created during the sovereign debt crisis.

GK Questions for sub-exams