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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

Q3001.Banking & Financial AwarenessMedium

Under Section 4 of the Prevention of Money Laundering Act, the punishment for money laundering is rigorous imprisonment of

  1. A.One to three years
  2. B.Three to seven years
  3. C.Five to ten years
  4. D.Seven to fourteen years
Show answer
Correct answer: B. Three to seven years

Section 4 provides that whoever commits the offence of money laundering shall be punishable with rigorous imprisonment for a term of not less than three years, which may extend to seven years, and with a fine.

Q3002.Banking & Financial AwarenessMedium

A suspicious transaction report under the PMLA rules must be filed within

  1. A.Seven working days of forming the suspicion
  2. B.Thirty days of forming the suspicion
  3. C.The fifteenth day of the following month
  4. D.Ninety days of forming the suspicion
Show answer
Correct answer: A. Seven working days of forming the suspicion

The rules require a reporting entity to furnish a suspicious transaction report to the Financial Intelligence Unit not later than seven working days from the date on which it is satisfied that the transaction is suspicious.

Q3003.Banking & Financial AwarenessMedium

Under the rules framed under the PMLA, a bank must file a Cash Transaction Report for cash transactions in an account exceeding

  1. A.One lakh rupees in a month
  2. B.Five lakh rupees in a month
  3. C.Ten lakh rupees in a month
  4. D.Fifty lakh rupees in a month
Show answer
Correct answer: C. Ten lakh rupees in a month

Under the Prevention of Money-laundering Maintenance of Records Rules of 2005, a reporting entity must report all cash transactions of a value of more than ten lakh rupees, or their equivalent in foreign currency, and all series of integrally connected cash transactions that together exceed that amount within a month.

Q3005.Banking & Financial AwarenessEasy

Which agency investigates and prosecutes offences under the Prevention of Money Laundering Act?

  1. A.Financial Intelligence Unit India
  2. B.Enforcement Directorate
  3. C.Central Bureau of Investigation
  4. D.Reserve Bank of India
Show answer
Correct answer: B. Enforcement Directorate

The Directorate, which works under the Department of Revenue in the Ministry of Finance and traces its origin to the Enforcement Unit set up on the first of May 1956, registers cases under the Act, attaches property provisionally, arrests, and files prosecution complaints in the Special Court.

Q3007.Banking & Financial AwarenessEasy

The three stages of money laundering, in order, are

  1. A.Layering, placement and integration
  2. B.Placement, layering and integration
  3. C.Integration, placement and layering
  4. D.Placement, integration and layering
Show answer
Correct answer: B. Placement, layering and integration

Placement comes first because the criminal must get cash into the financial system, which he does through small deposits, the purchase of bearer instruments or by mixing the cash with the takings of a shop or a petrol pump.

Q3008.Sports GKHard

Which event of 2010 brought the Hockey World Cup to New Delhi and was followed eight years later by the tournament moving to Bhubaneswar?

  1. A.The 10th Hockey World Cup at the Major Dhyan Chand National Stadium
  2. B.The 9th Hockey World Cup at the Kalinga Stadium
  3. C.The 12th Hockey World Cup at the Salt Lake Stadium
  4. D.The 11th Hockey World Cup at the Wankhede Stadium
Show answer
Correct answer: A. The 10th Hockey World Cup at the Major Dhyan Chand National Stadium

New Delhi hosted the tenth edition of the Hockey World Cup in 2010 at the stadium named after Major Dhyan Chand, the same ground that had been built for the first Asian Games in 1951; Australia won that tournament.

Q3009.Sports GKMedium

The Indian Grand Prix of Formula One was held at which circuit?

  1. A.Madras Motor Race Track, Chennai
  2. B.Buddh International Circuit, Greater Noida
  3. C.Kari Motor Speedway, Coimbatore
  4. D.Hyderabad Street Circuit
Show answer
Correct answer: B. Buddh International Circuit, Greater Noida

Built in Uttar Pradesh near Delhi, the Buddh International Circuit held the Indian Grand Prix in 2011, 2012 and 2013, after which the race was dropped from the calendar; Sebastian Vettel won all three editions.

Q3015.Sports GKMedium

The 1987 Cricket World Cup, co-hosted by India and Pakistan, is remembered chiefly because

  1. A.it was the first World Cup held outside England
  2. B.it was the first World Cup won by India
  3. C.it was the first World Cup played with white balls under lights
  4. D.it was the first World Cup to use the Duckworth Lewis method
Show answer
Correct answer: A. it was the first World Cup held outside England

The first three World Cups of 1975, 1979 and 1983 were all played in England, and the 1987 tournament, sponsored as the Reliance Cup, moved the event to the subcontinent for the first time; the overs were reduced from sixty to fifty, which has remained the standard since.

Q3019.Computer AwarenessMedium

Which of the following is an advantage of an RFID tag over a printed barcode?

  1. A.It is cheaper to print than a barcode
  2. B.It can be read without line of sight and many tags at a time
  3. C.It can store only a fixed serial number
  4. D.It works only when the object is stationary
Show answer
Correct answer: B. It can be read without line of sight and many tags at a time

A barcode must be presented squarely to a scanner, one item at a time, and a torn or dirty label fails.

Q3020.Computer AwarenessHard

Which technique does Bluetooth use to reduce interference in the crowded 2.4 GHz band?

  1. A.Time division multiplexing on a single fixed channel
  2. B.Frequency hopping spread spectrum
  3. C.Wavelength division multiplexing
  4. D.Amplitude modulation on a licensed band
Show answer
Correct answer: B. Frequency hopping spread spectrum

A Bluetooth link does not stay on one frequency. Master and slave agree on a pseudo random sequence and jump together between the narrow channels of the 2.4 GHz band many hundreds of times a second.