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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

Q1961.Indian PolityMedium

Who has been the youngest Prime Minister of India?

  1. A.Rajiv Gandhi
  2. B.Indira Gandhi
  3. C.Chandra Shekhar
  4. D.V. P. Singh
Show answer
Correct answer: A. Rajiv Gandhi

He was sworn in on 31 October 1984, the day his mother Indira Gandhi was assassinated, at the age of forty, which makes him the youngest person to hold the office; the oldest was Morarji Desai, who took office at eighty one.

Q1962.Indian PolityEasy

Which Prime Minister of India died at Tashkent in January 1966?

  1. A.Jawaharlal Nehru
  2. B.Gulzari Lal Nanda
  3. C.Lal Bahadur Shastri
  4. D.Morarji Desai
Show answer
Correct answer: C. Lal Bahadur Shastri

He became Prime Minister on 9 June 1964, led the country through the Indo-Pak war of 1965, gave the slogan Jai Jawan Jai Kisan, and died at Tashkent on 11 January 1966, a day after signing the Tashkent Declaration, which makes him the only Indian Prime Minister to have died…

Q1963.Indian PolityEasy

Who was the first Prime Minister of independent India?

  1. A.Sardar Vallabhbhai Patel
  2. B.Jawaharlal Nehru
  3. C.Dr. Rajendra Prasad
  4. D.C. Rajagopalachari
Show answer
Correct answer: B. Jawaharlal Nehru

He was sworn in as Prime Minister on 15 August 1947 and held the office until his death on 27 May 1964, which makes him both the first and the longest serving Prime Minister of India; he also kept the External Affairs portfolio with him.

Q1964.Indian EconomyMedium

What is the slogan of the National Intellectual Property Rights Policy of India adopted in 2016?

  1. A.Make in India
  2. B.Creative India, Innovative India
  3. C.Digital India, Skilled India
  4. D.Start-up India, Stand-up India
Show answer
Correct answer: B. Creative India, Innovative India

The National Intellectual Property Rights Policy approved in 2016 carries this slogan and brings patents, copyright, trademarks, designs, geographical indications, plant varieties and layout designs under a single framework, with awareness, administration, commercialisation and enforcement as its objectives; its implementation was entrusted to a cell under the Department for Promotion…

Q1965.Indian EconomyEasy

World Intellectual Property Day is observed on which date?

  1. A.26 January
  2. B.26 April
  3. C.5 June
  4. D.10 December
Show answer
Correct answer: B. 26 April

World Intellectual Property Day is observed every year on 26 April, the day on which the convention establishing the World Intellectual Property Organization came into force in 1970, and each year the organisation announces a theme on creativity and innovation.

Q1966.Indian EconomyMedium

The Office of the Controller General of Patents, Designs and Trade Marks works under which ministry?

  1. A.Ministry of Science and Technology
  2. B.Ministry of Law and Justice
  3. C.Ministry of Commerce and Industry
  4. D.Ministry of Finance
Show answer
Correct answer: C. Ministry of Commerce and Industry

The Office of the Controller General of Patents, Designs and Trade Marks, with its headquarters at Mumbai, works under the Department for Promotion of Industry and Internal Trade in that ministry, and the Copyright Office was also brought under the same Department.

Q1967.Indian EconomyHard

Which provision of the Indian Patents Act is used to prevent the evergreening of pharmaceutical patents?

  1. A.Section 3(d)
  2. B.Section 11A
  3. C.Section 84
  4. D.Section 107A
Show answer
Correct answer: A. Section 3(d)

It provides that the mere discovery of a new form of a known substance which does not result in the enhancement of the known efficacy of that substance is not an invention, and therefore cannot be patented; the Supreme Court applied it in the Novartis case concerning a cancer drug.

Q1968.Indian EconomyMedium

A trademark registration in India is valid for how long?

  1. A.Five years, renewable
  2. B.Ten years, renewable
  3. C.Twenty years, not renewable
  4. D.Perpetually, with no renewal
Show answer
Correct answer: B. Ten years, renewable

Under the Trade Marks Act of 1999 a registration lasts ten years from the date of application and may be renewed for further periods of ten years without any limit on the number of renewals, so a brand name can in practice be protected for as long as the business…

Q1969.Indian EconomyMedium

The TRIPS agreement on intellectual property is administered by which organisation?

  1. A.World Intellectual Property Organization
  2. B.World Trade Organization
  3. C.United Nations Conference on Trade and Development
  4. D.International Monetary Fund
Show answer
Correct answer: B. World Trade Organization

The Agreement on Trade Related Aspects of Intellectual Property Rights is one of the agreements that came into force with the establishment of the World Trade Organization in 1995, and it binds every member to minimum standards of protection, enforceable through the dispute settlement system of the organisation.

Q1971.Indian EconomyMedium

Which product was the first in India to receive a geographical indication tag?

  1. A.Basmati rice
  2. B.Darjeeling tea
  3. C.Mysore silk
  4. D.Nagpur orange
Show answer
Correct answer: B. Darjeeling tea

Darjeeling tea, grown on the hill slopes of the Darjeeling district of West Bengal, was the first product registered under the Geographical Indications of Goods Registration and Protection Act of 1999 after the Act came into force, and the Tea Board of India holds the registration.

Q1972.Indian EconomyMedium

Copyright in a literary work in India subsists for the lifetime of the author and how many years thereafter?

  1. A.Twenty years
  2. B.Fifty years
  3. C.Sixty years
  4. D.Seventy years
Show answer
Correct answer: C. Sixty years

Under the Copyright Act of 1957, copyright in a literary, dramatic, musical or artistic work lasts for the life of the author and sixty years counted from the beginning of the year following the year of death, after which the work enters the public domain.

Q1973.Indian EconomyEasy

Which Act governs patents in India?

  1. A.The Patents Act, 1970
  2. B.The Copyright Act, 1957
  3. C.The Designs Act, 2000
  4. D.The Trade Marks Act, 1999
Show answer
Correct answer: A. The Patents Act, 1970

It replaced the Indian Patents and Designs Act of 1911 on the recommendations of the Ayyangar Committee, allowed only process patents in medicines and food at first, and was amended in 1999, 2002 and 2005 to meet the obligations India accepted at the World Trade Organization.

Q1974.Indian EconomyEasy

In India, a patent is granted for a term of how many years from the date of filing?

  1. A.Ten years
  2. B.Fourteen years
  3. C.Twenty years
  4. D.Sixty years
Show answer
Correct answer: C. Twenty years

Under the Patents Act of 1970 as amended, a patent in India runs for twenty years from the date of filing of the application, a term fixed in line with the minimum standard laid down by the TRIPS agreement of the World Trade Organization, and renewal fees must be paid…

Q1975.Indian PolityHard

In the electoral college that elects the President of India, which of the following do not have a vote?

  1. A.Elected members of the Lok Sabha
  2. B.Elected members of State Legislative Assemblies
  3. C.Nominated members of Parliament
  4. D.Elected members of the Legislative Assembly of Delhi
Show answer
Correct answer: C. Nominated members of Parliament

Article 54 confines the electoral college to elected members, so the twelve members nominated to the Rajya Sabha and any nominated members of an Assembly take no part in the presidential election; they do, however, vote in the election of the Vice-President under Article 66, which is the point the…

Q1978.Indian PolityEasy

Under the Constitution of India, the Vice-President is the ex-officio Chairman of which body?

  1. A.The Lok Sabha
  2. B.The Rajya Sabha
  3. C.The Inter-State Council
  4. D.The NITI Aayog
Show answer
Correct answer: B. The Rajya Sabha

Article 64 provides that the Vice-President shall be ex-officio Chairman of the Council of States, that is the Rajya Sabha, and shall hold no other office of profit; when he acts as President he does not perform the duties of Chairman and draws no salary as Chairman.

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