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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

Q1521.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IMedium

In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis? 1. The foreign currency earnings of India's IT sector 2. Increasing the government expenditure 3. Remittances from Indians abroad Select the correct answer using the code given below.

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

A currency crisis comes when a country runs short of foreign exchange and its currency falls sharply, as India saw in 1991.

Q1522.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IEasy

In India, which one of the following is responsible for maintaining price stability by controlling inflation?

  1. A.Department of Consumer Affairs
  2. B.Expenditure Management Commission
  3. C.Financial Stability and Development Council
  4. D.Reserve Bank of India
Show answer
Correct answer: D. Reserve Bank of India

Controlling inflation through monetary policy is the RBI's legal duty. The RBI Act, 1934 was amended in 2016 to give India a flexible inflation targeting framework.

Q1524.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

Consider the following statements : 1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived. 2. In an SHG, all members of a group take responsibility for a loan that an individual member takes. 3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs. 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: B. Only two

Statements 2 and 3 are correct; statement 1 is not. The SHG movement in banking was started by NABARD, not the State Bank of India.

Q1525.Environment & EcologyAsked in: UPSC Civil Services · CSE Prelims 2026, GS Paper IMedium

A bond whose proceeds are used only to finance or refinance a combination of both environmental and social projects is called :

  1. A.Green Bond
  2. B.Social Bond
  3. C.Sustainability Bond
  4. D.Sovereign Bond
Show answer
Correct answer: C. Sustainability Bond

A sustainability bond funds a mix of green and social projects from the same issue. The International Capital Market Association, whose principles most issuers follow, divides labelled bonds by the use of the money raised.

Q1526.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2019, GS Paper IHard

Consider the following statements : 1. Most of India's external debt is owed by governmental entities. 2. All of India's external debt is denominated in US dollars. 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: D. Neither 1 nor 2

Both statements misread the make-up of India's external debt. Statement 1 is wrong because most of India's external debt is owed by non-government borrowers: companies through external commercial borrowings, banks through non-resident Indian deposits, and short-term trade credit.

Q1527.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

In the context of finance, the term 'beta' refers to

  1. A.the process of simultaneous buying and selling of an asset from different platforms
  2. B.an investment strategy of a portfolio manager to balance risk versus reward
  3. C.a type of systemic risk that arises where perfect hedging is not possible
  4. D.a numeric value that measures the fluctuations of a stock to changes in the overall stock market
Show answer
Correct answer: D. a numeric value that measures the fluctuations of a stock to changes in the overall stock market

Beta tells how strongly a share's price moves when the whole market moves. The market itself has a beta of 1.

Q1528.InternationalEasy

What is the subject of the Memorandum of Cooperation signed between India and New Zealand?

  1. A.Electronic exchange of origin data on trade in goods
  2. B.Mutual recognition of academic degrees
  3. C.Removal of all tariffs on dairy products
  4. D.Joint naval exercises in the Indian Ocean
Show answer
Correct answer: A. Electronic exchange of origin data on trade in goods

The memorandum deals with how the two customs administrations will share, in advance and in electronic form, the data that establishes where goods were produced, since a certificate of origin is what decides whether a consignment can claim the lower duties available under a trade agreement.

Q1530.InternationalMedium

Which Indian body signed the Memorandum of Cooperation on electronic origin data exchange with the New Zealand Customs Service?

  1. A.Directorate General of Foreign Trade
  2. B.Central Board of Indirect Taxes and Customs
  3. C.NITI Aayog
  4. D.Reserve Bank of India
Show answer
Correct answer: B. Central Board of Indirect Taxes and Customs

The memorandum concerning the electronic exchange of origin data on trade in goods was signed by the CBIC on behalf of India and by the New Zealand Customs Service on the other side, with CBIC Chairman Vivek Chaturvedi and NZCS Comptroller and Chief Executive Christine Stevenson putting their names to…

Q1535.SportsMedium

Which statement about Anubhav Choudhary's bronze at the Asian Para Games 2026 is correct?

  1. A.He won it in the Men's 100m T35 on his debut at the Games, with a personal best
  2. B.He won it in the Men's 100m T37 while defending an earlier title
  3. C.He won it in the women's compound doubles with Payal Nag
  4. D.He won it in the high jump after breaking a Games Record
Show answer
Correct answer: A. He won it in the Men's 100m T35 on his debut at the Games, with a personal best

Anubhav Choudhary took the bronze medal in the men's 100 metres in the T35 class with an impressive timing, and the Prime Minister's message called it a memorable debut and a personal best that made an impressive start to his Asian Para Games journey.

Q1536.SportsMedium

Rakeshbhai Bhatt won the bronze medal at the Asian Para Games 2026 in which event?

  1. A.Men's 100m T35
  2. B.Men's 200m T37
  3. C.Men's 100m T37
  4. D.Men's High Jump T64
Show answer
Correct answer: C. Men's 100m T37

Rakeshbhai Bhatt won the bronze medal in the men's 100 metres sprint in the T37 class at the Asian Para Games 2026 and set a personal best in the process, a run the Prime Minister described as a brilliant sprint in which speed, focus and dedication earned a well-deserved place…

Q1537.SportsEasy

Which Indian pair won the silver medal in the Women's Para Compound Doubles event at the Asian Para Games 2026?

  1. A.Sheetal Devi and Payal Nag
  2. B.Sheetal Devi and Banti
  3. C.Payal Nag and Rakeshbhai Bhatt
  4. D.Sheetal Devi and Anubhav Choudhary
Show answer
Correct answer: A. Sheetal Devi and Payal Nag

The pair secured the silver medal in the Women's Para Compound Doubles event at the Asian Para Games 2026, and the Prime Minister's message on the result called it a fine display of teamwork and sporting excellence that had made the nation proud, with best wishes for the pair's upcoming…

Q1539.SportsMedium

How many medals did Ayush Verma win at his debut Asian Para Games, and of which kinds?

  1. A.One gold only
  2. B.Two: a gold and a bronze
  3. C.Two: a gold and a silver
  4. D.Three: a gold, a silver and a bronze
Show answer
Correct answer: B. Two: a gold and a bronze

Ayush Verma concluded his debut Asian Para Games campaign with two medals, the gold in the Men's Shot Put F53 event and the bronze in the javelin throw, and it was this pair that the Prime Minister's congratulatory message described as a wonderful demonstration of talent, versatility and determination.

GK Questions for sub-exams