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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

Q1501.Summits & ConferencesMedium

Which policy document is being released at the Fisheries Investors and Exporters Conclave 2026?

  1. A.Madhya Pradesh Fisheries Investment and Export Guidelines
  2. B.National Inland Fisheries Policy
  3. C.Blue Revolution Charter
  4. D.Reservoir Cage Culture Code
Show answer
Correct answer: A. Madhya Pradesh Fisheries Investment and Export Guidelines

This is a state policy, and its purpose is to ease investment across the parts of the fisheries value chain: hatcheries, fish seed and feed, reservoir and cage fisheries, aquatic animal health, processing, cold-chain infrastructure, logistics, value addition and market development.

Q1505.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2026, GS Paper IHard

With reference to different Committees in India, consider the following details : (Committee — Objective — Organization under which it was formed) 1. R.N. Malhotra Committee — Comprehensive reforms of Insurance sector in India — Insurance Regulatory and Development Authority of India 2. L.C. Gupta Committee — Preparing a roadmap for introduction of derivatives trading in India — Securities and Exchange Board of India 3. Urjit R. Patel Committee — Preparing a roadmap for reforming bank lending to the Housing sector — Reserve Bank of India 4. Y.H. Malegam Committee — Preparing a roadmap for reforms in Microfinance sector in India — Reserve Bank of India In which of the above rows are all the details correctly matched ?

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

All details are right only in rows 2 and 4. The L.C.

Q1506.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IEasy

Pradhan Mantri MUDRA Yojana is aimed at

  1. A.bringing the small entrepreneurs into formal financial system
  2. B.providing loans to poor farmers for cultivating particular crops
  3. C.providing pensions to old and destitute persons
  4. D.funding the voluntary organizations involved in the promotion of skill development and employment generation
Show answer
Correct answer: A. bringing the small entrepreneurs into formal financial system

Pradhan Mantri MUDRA Yojana gives collateral-free loans to small and micro business owners so that they can borrow from banks instead of moneylenders.

Q1507.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

  1. A.Certificate of Deposit
  2. B.Commercial Paper
  3. C.Promissory Note
  4. D.Participatory Note
Show answer
Correct answer: D. Participatory Note

A Participatory Note, or P-Note, lets a foreign investor gain exposure to Indian shares through an FPI that is registered with SEBI, without registering in India itself.

Q1508.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IMedium

What is/are the purpose/purposes of Government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'? 1. To bring the idle gold lying with Indian households into the economy 2. To promote FDI in the gold and jewellery sector 3. To reduce India's dependence on gold imports 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: C. 1 and 3 only

Both schemes, launched in November 2015, aimed to put idle household gold to work and to cut the demand for imported gold; neither was about foreign investment.

Q1511.Art & CultureAsked in: UPSC CAPF · CAPF 2024, Paper IMedium

The National Council of Science Museums (NCSM), which is developing Science Centres/Museums/Innovation Hubs in India, works under

  1. A.the Ministry of Science and Technology
  2. B.the Ministry of Culture
  3. C.the Ministry of Education
  4. D.the Ministry of Earth Sciences
Show answer
Correct answer: B. the Ministry of Culture

The NCSM is an autonomous society of the Ministry of Culture, Government of India. It was formed in 1978 to take over the science museums then run by the Council of Scientific and Industrial Research, and its headquarters is in Kolkata.

Q1513.Awards & HonoursAsked in: UPSC CAPF · CAPF 2024, Paper IMedium

Which of the following statements about the Nobel Peace Prize for 2023 is/are correct?

1. The 2023 Nobel Peace Prize was awarded to Narges Mohammadi

2. Narges Mohammadi was awarded the prize for her struggle to bring peace in Afghanistan and Iran

Select the 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

Narges Mohammadi won the 2023 Nobel Peace Prize, but it was given for her fight against the oppression of women in Iran and for human rights and freedom for all, not for bringing peace to Afghanistan.

Q1514.Awards & HonoursAsked in: UPSC CAPF · CAPF 2021, Paper IHard

Which one of the following films has won the Best Film Award in Environment Conservation category at the 67th National Film Awards, 2021?

  1. A.Jonaki Porua
  2. B.Wild Karnataka
  3. C.Water Burial
  4. D.Ronuwa—Who Never Surrender
Show answer
Correct answer: C. Water Burial

This film in the Monpa language won the award for the Best Film on Environment Conservation/Preservation at the 67th National Film Awards, announced in March 2021 for films of 2019.

Q1515.Computer AwarenessAsked in: UPSC CAPF · CAPF 2025, Paper IEasy

1 gigabyte in binary system is equivalent to

  1. A.1000 kilobytes
  2. B.1024 megabytes
  3. C.1200 megabytes
  4. D.10000 kilobytes
Show answer
Correct answer: B. 1024 megabytes

In the binary system every step up the ladder of memory units is a factor of 2 raised to 10, that is 1024, so one gigabyte holds 1024 megabytes.

Q1516.Indian PolityAsked in: CDS · CDS-II 2024, GKMedium

Which of the following statements about National Recruitment Agency is correct?

  1. A.It is a body to conduct Common Eligibility Test (CET) to shortlist the candidates for vacancies under 'Group B' and 'Group C' of the Government.
  2. B.Employment in private sector is facilitated in all the districts, particularly 117 aspirational districts.
  3. C.It was set up in 2014.
  4. D.It has been accorded Constitutional status in 2021.
Show answer
Correct answer: A. It is a body to conduct Common Eligibility Test (CET) to shortlist the candidates for vacancies under 'Group B' and 'Group C' of the Government.

. The National Recruitment Agency was created to hold a Common Eligibility Test to shortlist candidates for Group B and Group C (non-technical) posts of the Central Government.

Q1517.Indian EconomyAsked in: CDS · CDS-II 2026, GKMedium

India's fiscal deficit widens significantly due to increased Government spending on subsidies while tax revenue remains unchanged. Which one of the following is the most likely consequence?

  1. A.Inflation will rise, interest rates will fall, and private investment will increase
  2. B.Inflation will rise, interest rates may rise, and private investment may slow down
  3. C.Inflation will fall, interest rates will rise, and private investment will increase
  4. D.Inflation will fall, interest rates will fall, and GDP growth will accelerate
Show answer
Correct answer: B. Inflation will rise, interest rates may rise, and private investment may slow down

A wider deficit financed by borrowing tends to push up inflation and interest rates, and higher interest rates can slow private investment.

Q1518.Indian EconomyAsked in: CDS · CDS-I 2019, GKMedium

Consider the following statements about indifference curves:

1. Indifference curves are convex to the origin.

2. Higher indifference curve represents higher level of satisfaction.

3. Two indifference curves cut each other.

Which of the statements given above is/are correct?

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

Statements 1 and 2 are correct; statement 3 is wrong because two indifference curves can never cut each other. An indifference curve shows the combinations of two goods that give a consumer the same satisfaction.

Q1519.Indian EconomyAsked in: CDS · CDS-I 2020, GKMedium

Which one of the following is the earliest launched scheme of the Government of India?

  1. A.Deendayal Antyodaya Yojana
  2. B.Pradhan Mantri Gram Sadak Yojana
  3. C.Saansad Adarsh Gram Yojana
  4. D.Deendayal Upadhyaya Grameen Kaushalya Yojana
Show answer
Correct answer: B. Pradhan Mantri Gram Sadak Yojana

Pradhan Mantri Gram Sadak Yojana, launched on 25 December 2000, is the oldest of the four schemes. PMGSY was started to give all-weather road connectivity to unconnected rural habitations, and it is fully centrally sponsored.

Q1520.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2026, GS Paper IEasy

Which one of the following best describes the 'Crowding Out Effect' in the context of fiscal policy?

  1. A.A situation where private investment increases due to increased Government spending
  2. B.A situation where Government borrowing leads to higher interest rates, which reduces private investment
  3. C.A situation where an increase in taxes leads to increased private sector investment
  4. D.A situation where Government spending has no impact on aggregate demand
Show answer
Correct answer: B. A situation where Government borrowing leads to higher interest rates, which reduces private investment

When a government runs a large fiscal deficit, it borrows heavily from the same pool of savings that businesses draw on.

GK Questions for sub-exams