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GK24

IBPS GK Questions 2026

Static GK in IBPS exams means banking awareness first. The awareness tests of PO, Clerk and RRB Mains name banking, economy, financial and digital awareness, and the questions that return every year are about the RBI and its functions, the monetary policy tools (repo, SDF, MSF, CRR, SLR), types of banks and accounts, NPAs, Basel norms, priority sector lending, payment systems such as UPI, NEFT, RTGS and IMPS, deposit insurance, financial inclusion schemes, and the regulators SEBI, IRDAI and PFRDA and institutions such as NABARD and SIDBI. Headquarters and taglines of banks, capitals and currencies, national parks, dams and important days appear too, though with a smaller share than in SSC. This page holds GK24's topic-wise GK notes for banking exams, written as short facts and tables so that a topic can be revised in one sitting, with the terms and abbreviations that IBPS papers use. Read a topic, then solve its previous-year questions and quiz on this site to check what you retained, and come back to the notes for the facts you missed.

IBPS GK Questions with Answers

Q2142.Computer AwarenessMedium

A decision support system is designed mainly for which kind of problem?

  1. A.Fully structured, repetitive clerical work
  2. B.Semi-structured problems needing what-if analysis
  3. C.Printing payslips every month
  4. D.Installing hardware drivers
Show answer
Correct answer: B. Semi-structured problems needing what-if analysis

A decision support system is interactive and model-based: it holds data, models and a user interface so that a manager can change assumptions, run alternatives and compare outcomes on problems that are neither wholly routine nor wholly open-ended, such as pricing a product, choosing a warehouse site or planning a…

Q2143.Computer AwarenessMedium

SAP, Oracle and Microsoft Dynamics are well-known products in which category?

  1. A.Antivirus suites
  2. B.ERP software
  3. C.Image editors
  4. D.Operating systems
Show answer
Correct answer: B. ERP software

All three are sold as enterprise resource planning suites, with modules for finance, human resources, materials, manufacturing and sales working on one shared database; Infor belongs to the same list, and Odoo and the Indian ERPNext are the open-source examples.

Q2144.Computer AwarenessMedium

Which system mainly records the routine day-to-day transactions of an organisation?

  1. A.Transaction processing system
  2. B.Executive information system
  3. C.Decision support system
  4. D.Knowledge management system
Show answer
Correct answer: A. Transaction processing system

A TPS serves the operational level, capturing sales, deposits, bookings, issues of material and payroll entries as they happen, where accuracy, speed and reliability matter more than analysis; it is also the source of the data that higher systems later summarise.

Q2145.Computer AwarenessEasy

Tally is best described as which kind of software?

  1. A.Operating system
  2. B.Accounting software
  3. C.Antivirus software
  4. D.Web browser
Show answer
Correct answer: B. Accounting software

Tally, from Tally Solutions of Bengaluru, keeps ledgers and groups, takes entries as vouchers, and produces the trial balance, profit and loss account, balance sheet, day book and stock summary without separate work; later versions added inventory, payroll and tax features, and the current line is TallyPrime.

Q2146.Computer AwarenessEasy

Which type of software is used to manage a company's contacts, enquiries, campaigns and service history?

  1. A.CRM software
  2. B.Compiler
  3. C.Device driver
  4. D.Disk defragmenter
Show answer
Correct answer: A. CRM software

Customer relationship management software keeps the record of every dealing with a customer or prospect, including contacts, enquiries, calls, complaints, campaigns and purchase history, and is divided into operational, analytical and collaborative CRM.

Q2147.Computer AwarenessEasy

In business software, ERP stands for what?

  1. A.Electronic Record Processing
  2. B.Enterprise Resource Planning
  3. C.Enterprise Report Publishing
  4. D.External Resource Protocol
Show answer
Correct answer: B. Enterprise Resource Planning

An ERP package replaces separate departmental programs with one integrated suite built on a single shared database, so a transaction entered once flows through stock, production, dispatch and the ledger.

Q2148.Indian EconomyHard

The Wholesale Price Index in India is released by the Office of the Economic Adviser, which works under

  1. A.The Ministry of Finance
  2. B.The Ministry of Commerce and Industry
  3. C.The Ministry of Statistics and Programme Implementation
  4. D.The Ministry of Labour and Employment
Show answer
Correct answer: B. The Ministry of Commerce and Industry

The Office of the Economic Adviser in the Department for Promotion of Industry and Internal Trade, which is a department of that ministry, compiles and releases the Wholesale Price Index every month, along with the index of eight core industries; the wholesale index covers primary articles, fuel and power and…

Q2149.Indian EconomyHard

The Index of Industrial Production in India is compiled and released by

  1. A.The Reserve Bank of India
  2. B.The National Statistical Office
  3. C.The Department for Promotion of Industry and Internal Trade
  4. D.The Labour Bureau
Show answer
Correct answer: B. The National Statistical Office

The index measures the short term change in the volume of production of the industrial sector and is published every month, with mining, manufacturing and electricity as its three sectors and a use-based classification into primary goods, capital goods, intermediate goods, infrastructure and construction goods, consumer durables and consumer non-durables.

Q2150.Indian EconomyHard

Which Act provides the legal framework for the collection of official statistics in India?

  1. A.The Census Act, 1948
  2. B.The Collection of Statistics Act, 2008
  3. C.The Right to Information Act, 2005
  4. D.The Indian Statistical Institute Act, 1959
Show answer
Correct answer: B. The Collection of Statistics Act, 2008

It empowers the Union, the State and local governments to collect statistics on economic, demographic, social, scientific and environmental matters, obliges the informant to furnish the information asked for, and bars the disclosure of the information of an individual informant for any purpose other than statistics; it was amended in…

Q2151.Indian EconomyMedium

The National Statistical Commission was set up in 2005 on the recommendation of which commission?

  1. A.The Rangarajan Commission on statistics
  2. B.The Tendulkar Committee
  3. C.The Kelkar Task Force
  4. D.The Narasimham Committee
Show answer
Correct answer: A. The Rangarajan Commission on statistics

The commission headed by C. Rangarajan reviewed the Indian statistical system and recommended a permanent and autonomous body to lay down standards, so the National Statistical Commission was constituted in 2005 as an advisory body with a part-time chairperson, members and the chief executive officer as its secretary; the chief…

Q2152.Indian EconomyMedium

The Periodic Labour Force Survey, which gives India's unemployment rate, is conducted by

  1. A.The Labour Bureau
  2. B.The National Statistical Office
  3. C.NITI Aayog
  4. D.The Reserve Bank of India
Show answer
Correct answer: B. The National Statistical Office

The survey was launched in 2017 in place of the earlier five-yearly employment and unemployment rounds of the National Sample Survey, and it reports the labour force participation rate, the worker population ratio and the unemployment rate on the three activity statuses, namely usual status, current weekly status and current…

Q2154.Indian EconomyMedium

The Census of India is conducted by an office under which ministry?

  1. A.Ministry of Statistics and Programme Implementation
  2. B.Ministry of Home Affairs
  3. C.Ministry of Health and Family Welfare
  4. D.Ministry of Rural Development
Show answer
Correct answer: B. Ministry of Home Affairs

The census is taken by the Office of the Registrar General and Census Commissioner of India, which works under the Ministry of Home Affairs, under the authority of the Census Act of 1948; the same office maintains the civil registration system of births and deaths.

Q2155.Indian EconomyEasy

Who founded the Indian Statistical Institute at Kolkata in 1931 and is called the father of Indian statistics?

  1. A.C. R. Rao
  2. B.P. C. Mahalanobis
  3. C.V. K. R. V. Rao
  4. D.D. R. Gadgil
Show answer
Correct answer: B. P. C. Mahalanobis

Prasanta Chandra Mahalanobis founded the Indian Statistical Institute at Kolkata in 1931, set up the National Sample Survey in 1950, gave statistics the distance measure named after him, pioneered large scale sample surveys and pilot surveys, and prepared the plan frame of the Second Five Year Plan, which placed heavy…

Q2156.Indian EconomyEasy

National Statistics Day is observed in India on which date?

  1. A.29 February
  2. B.29 June
  3. C.20 October
  4. D.15 September
Show answer
Correct answer: B. 29 June

National Statistics Day has been observed on 29 June every year since 2007 to mark the birth anniversary of Prasanta Chandra Mahalanobis and to create awareness about the use of statistics in planning and policy; a theme is announced each year by the Ministry of Statistics and Programme Implementation.

Q2157.Indian EconomyEasy

The National Statistical Office was formed in 2019 by merging which two organisations?

  1. A.The Central Statistics Office and the National Sample Survey Office
  2. B.The Labour Bureau and the Central Statistics Office
  3. C.The Economic Adviser's Office and the National Sample Survey Office
  4. D.The Registrar General's Office and the Central Statistics Office
Show answer
Correct answer: A. The Central Statistics Office and the National Sample Survey Office

In 2019 the government merged the two bodies into a single National Statistical Office under the Ministry of Statistics and Programme Implementation, so that the preparation of the national accounts and the conduct of the large sample surveys would sit in one office.

Q2158.Indian EconomyMedium

Mission Shakti, the umbrella scheme for women, is implemented by which ministry?

  1. A.Ministry of Home Affairs
  2. B.Ministry of Health and Family Welfare
  3. C.Ministry of Women and Child Development
  4. D.Ministry of Rural Development
Show answer
Correct answer: C. Ministry of Women and Child Development

Mission Shakti is one of the three umbrella schemes of that ministry from 2021, along with Mission Vatsalya for child protection and Mission Poshan 2.0 for nutrition, and it has two parts, Sambal for safety and security and Samarthya for empowerment.

Q2160.Indian EconomyMedium

The Maternity Benefit (Amendment) Act, 2017 raised the period of paid maternity leave to how many weeks?

  1. A.Twelve weeks
  2. B.Eighteen weeks
  3. C.Twenty-six weeks
  4. D.Thirty-two weeks
Show answer
Correct answer: C. Twenty-six weeks

The amendment of 2017 raised paid maternity leave for women in establishments covered by the Maternity Benefit Act from twelve weeks to twenty-six weeks for the first two children, and it also provided for a creche facility in establishments above a prescribed size and for work from home where the…