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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

Q2822.Indian States & UTsEasy

Auroville, the experimental township near Puducherry, was inaugurated in which year?

  1. A.1926
  2. B.1947
  3. C.1968
  4. D.1985
Show answer
Correct answer: C. 1968

Auroville, the city of dawn, was inaugurated on 28 February 1968. It was founded by Mirra Alfassa, the French-born disciple of Sri Aurobindo whom followers call the Mother, and planned by the French architect Roger Anger as a township where people of every nation could live together; the Matrimandir stands…

Q2823.Indian States & UTsMedium

Which Constitutional Amendment Act made Pondicherry a union territory and inserted Article 239A, providing for a legislature for it?

  1. A.Seventh Amendment Act
  2. B.Twelfth Amendment Act
  3. C.Fourteenth Amendment Act
  4. D.Thirty-sixth Amendment Act
Show answer
Correct answer: C. Fourteenth Amendment Act

It listed Pondicherry in the First Schedule as a union territory after the legal transfer from France, and inserted Article 239A, which empowers Parliament to create by law a legislature and a Council of Ministers for the territory.

Q2826.Indian States & UTsHard

As per the Census of 2011, which of the following statements about the Andaman and Nicobar Islands is correct?

  1. A.Its population density was the lowest among the union territories
  2. B.Its literacy rate was below the national average
  3. C.Its sex ratio was above one thousand
  4. D.It had the largest population among the union territories
Show answer
Correct answer: A. Its population density was the lowest among the union territories

With a population of 3,80,581 spread over 8,249 square kilometres, the territory recorded a density of only 46 persons per square kilometre at the 2011 Census, by far the lowest among the union territories, because most of its land is forest and most of its islands are uninhabited.

Q2827.Indian States & UTsHard

The Mahatma Gandhi Marine National Park in the Andaman and Nicobar Islands is located at:

  1. A.Wandoor, South Andaman
  2. B.Campbell Bay, Great Nicobar
  3. C.Diglipur, North Andaman
  4. D.Car Nicobar
Show answer
Correct answer: A. Wandoor, South Andaman

The Mahatma Gandhi Marine National Park, set up near Wandoor on the south-western coast of South Andaman, protects a stretch of coral reefs, mangroves and small islands along with the turtles, molluscs and reef fish that live there.

Q2828.Indian States & UTsHard

The Andaman and Nicobar Islands fall under the jurisdiction of which High Court?

  1. A.Madras High Court
  2. B.Calcutta High Court
  3. C.Andhra Pradesh High Court
  4. D.Orissa High Court
Show answer
Correct answer: B. Calcutta High Court

The union territory has no High Court of its own and comes under the jurisdiction of the Calcutta High Court, which holds a circuit bench in the territorial capital so that litigants do not have to travel to the mainland for every hearing.

Q2829.Indian States & UTsMedium

Ross Island in the Andaman and Nicobar Islands was renamed in 2018 as:

  1. A.Shaheed Dweep
  2. B.Swaraj Dweep
  3. C.Netaji Subhas Chandra Bose Dweep
  4. D.Sri Vijaya Dweep
Show answer
Correct answer: C. Netaji Subhas Chandra Bose Dweep

Ross Island, which had been the administrative headquarters of the British in these islands before an earthquake damaged it, was renamed after Netaji in 2018 to honour his visit and his claim of the islands as free Indian soil.

Q2836.Indian States & UTsEasy

The Ten Degree Channel separates which two islands?

  1. A.North Andaman and the Coco Islands
  2. B.South Andaman and Little Andaman
  3. C.Little Andaman and Car Nicobar
  4. D.Minicoy and the rest of Lakshadweep
Show answer
Correct answer: C. Little Andaman and Car Nicobar

The Ten Degree Channel runs along the ten degree north parallel and divides the Andaman group from the Nicobar group, with Little Andaman on its northern side and Car Nicobar on its southern side.

Q2838.Banking & Financial AwarenessMedium

Under which scheme can a bank customer approach the Reserve Bank of India free of cost if the bank does not resolve a complaint within thirty days?

  1. A.The Banking Codes and Standards Scheme
  2. B.The Reserve Bank Integrated Ombudsman Scheme, 2021
  3. C.The Deposit Insurance Scheme
  4. D.The Consumer Welfare Fund Scheme
Show answer
Correct answer: B. The Reserve Bank Integrated Ombudsman Scheme, 2021

The scheme merged the separate ombudsman schemes for banks, for non-banking financial companies and for digital transactions into a single one nation one ombudsman arrangement, with a centralised centre to receive and process complaints in any language.

Q2839.Banking & Financial AwarenessHard

The Positive Pay System introduced by the Reserve Bank of India applies to cheques of what value and above?

  1. A.Rupees 10,000
  2. B.Rupees 50,000
  3. C.Rupees 2 lakh
  4. D.Rupees 5 lakh
Show answer
Correct answer: B. Rupees 50,000

Under the Positive Pay System the issuer of a high value cheque sends the bank the key details, such as date, beneficiary name and amount, through a channel like the mobile app or internet banking, and the paying bank matches those details before honouring the cheque.