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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

Q2901.Indian EconomyEasy

The term hot money in the context of foreign investment refers to

  1. A.foreign direct investment in manufacturing
  2. B.short-term portfolio flows that can leave quickly
  3. C.currency printed to meet a fiscal deficit
  4. D.remittances sent home by migrant workers
Show answer
Correct answer: B. short-term portfolio flows that can leave quickly

Hot money is the name given to short-term portfolio capital that chases returns from one market to another and can be withdrawn within days, pushing up share prices and the rupee while it comes in and pulling both down when it goes.

Q2902.Indian EconomyMedium

Press Note 3 of 2020 requires prior government approval for foreign investment from

  1. A.all members of the Commonwealth
  2. B.countries that share a land border with India
  3. C.countries listed as tax havens
  4. D.all countries outside the WTO
Show answer
Correct answer: B. countries that share a land border with India

An entity of such a country, or an investor who is a citizen of or situated in one, may invest only through the government route whatever the sector, and the rule also covers a transfer of ownership that results in such beneficial ownership.

Q2903.Indian EconomyHard

Participatory Notes are issued by

  1. A.the Reserve Bank of India to foreign banks
  2. B.registered foreign portfolio investors to overseas investors
  3. C.Indian companies to their foreign promoters
  4. D.the government to sovereign wealth funds
Show answer
Correct answer: B. registered foreign portfolio investors to overseas investors

Participatory notes are offshore derivative instruments issued by foreign portfolio investors registered with SEBI to clients abroad who want exposure to Indian shares without registering in India themselves; the underlying shares are held by the issuing investor.

Q2904.Indian EconomyHard

SEBI merged Foreign Institutional Investors and Qualified Foreign Investors into a single class of Foreign Portfolio Investors in which year?

  1. A.2010
  2. B.2012
  3. C.2014
  4. D.2016
Show answer
Correct answer: C. 2014

The correct answer is C, 2014, when the SEBI Foreign Portfolio Investors Regulations came into force and the three older categories, namely foreign institutional investors, their sub-accounts and qualified foreign investors, were merged into one class registered in risk-based tiers.

Q2905.Indian EconomyEasy

In which of the following is Foreign Direct Investment prohibited in India?

  1. A.Insurance
  2. B.Lottery business
  3. C.Telecom services
  4. D.Single brand retail trading
Show answer
Correct answer: B. Lottery business

The FDI policy lists a small set of prohibited activities: the lottery business, gambling and betting including casinos, chit funds, Nidhi companies, trading in transferable development rights, real estate business and the construction of farm houses, the manufacture of cigars, cheroots and cigarettes, and activities closed to private investment such…

Q2906.Indian EconomyMedium

Under the automatic route of FDI

  1. A.prior approval of the Reserve Bank of India is needed
  2. B.prior approval of the administrative ministry is needed
  3. C.no prior approval of the government or the RBI is needed
  4. D.investment is capped at twenty-six per cent in every sector
Show answer
Correct answer: C. no prior approval of the government or the RBI is needed

Under the automatic route the foreign investor needs no prior permission from either the government or the Reserve Bank of India; the Indian company simply reports the inflow and the issue of shares to the Reserve Bank within the prescribed time.

Q2908.Indian EconomyMedium

The Consolidated FDI Policy of India is issued by

  1. A.the Reserve Bank of India
  2. B.the Securities and Exchange Board of India
  3. C.the Department for Promotion of Industry and Internal Trade
  4. D.the Ministry of Finance
Show answer
Correct answer: C. the Department for Promotion of Industry and Internal Trade

The correct answer is C, the Department for Promotion of Industry and Internal Trade, a department of the Ministry of Commerce and Industry, which was known as the Department of Industrial Policy and Promotion until it was renamed in 2019.

Q2910.Indian EconomyEasy

Foreign Direct Investment differs from Foreign Portfolio Investment mainly because FDI

  1. A.is made only by governments
  2. B.gives the investor a lasting interest and a say in management
  3. C.is routed through the current account of the balance of payments
  4. D.can be withdrawn on any trading day
Show answer
Correct answer: B. gives the investor a lasting interest and a say in management

Foreign direct investment is made to acquire a lasting interest in an enterprise abroad, conventionally measured as ten per cent or more of the voting power, and with it comes a say in how the company is run; portfolio investment buys shares and bonds without any such control.

Q2911.Summits & ConferencesMedium

Which institution convenes the Kautilya Economic Conclave along with the Ministry of Finance?

  1. A.NITI Aayog
  2. B.Institute of Economic Growth
  3. C.National Council of Applied Economic Research
  4. D.Indian Council for Research on International Economic Relations
Show answer
Correct answer: B. Institute of Economic Growth

The conclave is convened jointly by the Institute of Economic Growth, usually shortened to IEG, and the Union Ministry of Finance, and has run every year since it began in 2022.

Q2912.Summits & ConferencesMedium

Who delivered the inaugural address at the fifth Kautilya Economic Conclave?

  1. A.The President of India
  2. B.The Prime Minister
  3. C.The Vice-President of India
  4. D.The Union Finance Minister
Show answer
Correct answer: C. The Vice-President of India

Vice-President C. P. Radhakrishnan inaugurated the conclave on 3 October 2026 and gave the inaugural address, in which he said that economic resilience cannot be separated from social resilience and that inclusion is a foundation of resilience in a fast-changing world.

Q2913.Summits & ConferencesEasy

What was the theme of the fifth Kautilya Economic Conclave?

  1. A.The Indian Era
  2. B.Resilience in an Age of Flux
  3. C.Navigating a World on Fire
  4. D.Seeking Prosperity in Turbulent Times
Show answer
Correct answer: B. Resilience in an Age of Flux

This was the theme chosen for the fifth edition of the Kautilya Economic Conclave, held across three days from 3 to 5 October 2026 in New Delhi by the Institute of Economic Growth together with the Union Ministry of Finance.

Q2918.Summits & ConferencesMedium

The second GI-AI4FS meeting in New Delhi was hosted by the Telecommunication Engineering Centre jointly with which Indian body?

  1. A.Indian Council of Agricultural Research
  2. B.Telecom Regulatory Authority of India
  3. C.NITI Aayog
  4. D.National Bank for Agriculture and Rural Development
Show answer
Correct answer: A. Indian Council of Agricultural Research

The Telecommunication Engineering Centre, which works under the Department of Telecommunications in the Ministry of Communications, hosted the meeting jointly with ICAR of the Ministry of Agriculture and Farmers Welfare.

Q2919.Summits & ConferencesEasy

Which United Nations agency coordinates the Global Initiative on AI for Agri-Food Systems (GI-AI4FS)?

  1. A.Food and Agriculture Organization
  2. B.International Telecommunication Union
  3. C.World Food Programme
  4. D.International Fund for Agricultural Development
Show answer
Correct answer: B. International Telecommunication Union

GI-AI4FS is a global initiative of the United Nations and the ITU is named as the body that coordinates it, working in close collaboration with three partner agencies.

Q2920.InternationalMedium

Who held talks with the Greek Minister of National Defence when he visited India in February 2026?

  1. A.Raksha Mantri Rajnath Singh
  2. B.The Chief of Defence Staff
  3. C.The External Affairs Minister
  4. D.The Chief of the Naval Staff
Show answer
Correct answer: A. Raksha Mantri Rajnath Singh

The Ministry of Defence recalls that the Greek Minister of National Defence came to India in February 2026 and held talks with the Raksha Mantri, and it treats such high-level exchanges as evidence of a growing India-Greece partnership in the defence and strategic domains.