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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

Q3061.Computer AwarenessEasy

What is the full form of USB?

  1. A.Universal Serial Bus
  2. B.Universal System Bus
  3. C.Unified Serial Bus
  4. D.Universal Storage Bus
Show answer
Correct answer: A. Universal Serial Bus

The standard first appeared in 1996 and was meant to replace the many different ports of an older computer with one socket for every kind of peripheral.

Q3063.Indian EconomyMedium

The maternity benefit provided to a pregnant woman under the National Food Security Act, 2013 is

  1. A.not less than three thousand rupees
  2. B.not less than five thousand rupees
  3. C.not less than six thousand rupees
  4. D.not less than ten thousand rupees
Show answer
Correct answer: C. not less than six thousand rupees

Besides a free meal through the local anganwadi during pregnancy and for six months after childbirth, the Act entitles every pregnant woman and lactating mother to a maternity benefit of not less than six thousand rupees, paid in instalments; women already receiving a similar benefit as government employees are excluded.

Q3065.Indian EconomyHard

The Targeted Public Distribution System, which divided households into Below Poverty Line and Above Poverty Line, was introduced in

  1. A.1992
  2. B.1997
  3. C.2000
  4. D.2002
Show answer
Correct answer: B. 1997

The Targeted Public Distribution System was introduced in June 1997. Until then the distribution system was universal, open to any cardholder; from 1997 households were classified as Below or Above the Poverty Line and given different quotas at different prices, with the poorer group receiving a larger subsidy.

Q3066.Indian EconomyHard

Which Article of the Constitution makes it the duty of the State to raise the level of nutrition and the standard of living of its people?

  1. A.Article 21
  2. B.Article 39
  3. C.Article 47
  4. D.Article 51A
Show answer
Correct answer: C. Article 47

Article 47, a Directive Principle of State Policy, declares that the State shall regard the raising of the level of nutrition and of the standard of living of its people and the improvement of public health as among its primary duties, and the same Article speaks of prohibiting intoxicating drinks…

Q3067.Indian EconomyEasy

The minimum support price of a crop in India is recommended by

  1. A.the Food Corporation of India
  2. B.the Commission for Agricultural Costs and Prices
  3. C.the Reserve Bank of India
  4. D.the National Statistical Office
Show answer
Correct answer: B. the Commission for Agricultural Costs and Prices

The Commission, set up in 1965 as the Agricultural Prices Commission and renamed in 1985, recommends the minimum support price for twenty-two mandated crops after weighing the cost of production, demand and supply, price trends and the terms of trade; the Cabinet Committee on Economic Affairs takes the final decision…

Q3068.Indian EconomyMedium

The Food Corporation of India was set up in which year?

  1. A.1955
  2. B.1965
  3. C.1972
  4. D.1985
Show answer
Correct answer: B. 1965

The Food Corporation of India was established in 1965 under the Food Corporations Act of 1964, in the years of acute shortage that preceded the Green Revolution, to procure foodgrain at the support price, store it, move it across the country and issue it to the distribution system.

Q3070.Indian EconomyHard

The issue prices fixed by the National Food Security Act, 2013 for rice, wheat and coarse grains were, in rupees per kilogram,

  1. A.1, 2 and 3
  2. B.2, 3 and 1
  3. C.3, 2 and 1
  4. D.5, 3 and 2
Show answer
Correct answer: C. 3, 2 and 1

The Act fixed the issue price at three rupees a kilogram for rice, two rupees for wheat and one rupee for coarse grains, and provided that these prices would hold for three years from the date of commencement, after which the Central Government could revise them up to the minimum…

Q3071.Indian EconomyMedium

Under the National Food Security Act, 2013, who is treated as the head of the household for the purpose of the ration card?

  1. A.The eldest male member of the household
  2. B.The eldest woman of the household aged eighteen or above
  3. C.The member with the highest income
  4. D.Any adult member nominated by the gram panchayat
Show answer
Correct answer: B. The eldest woman of the household aged eighteen or above

The Act provides that the ration card shall be issued in the name of the eldest woman of the household who is eighteen years of age or more, so that the entitlement is held by a woman; if there is no such woman, the eldest male member holds it until…

Q3072.Indian EconomyMedium

What proportion of the population does the National Food Security Act, 2013 aim to cover?

  1. A.50 per cent of the rural and 25 per cent of the urban population
  2. B.Up to 75 per cent of the rural and up to 50 per cent of the urban population
  3. C.All households below the poverty line only
  4. D.The entire population without any exclusion
Show answer
Correct answer: B. Up to 75 per cent of the rural and up to 50 per cent of the urban population

Those two ceilings together work out to about two-thirds of the country, and the Union Government fixes the state-wise coverage within them while the states identify the households.

Q3073.Indian EconomyMedium

Under the National Food Security Act, 2013, a priority household is entitled to how much foodgrain?

  1. A.5 kg per person per month
  2. B.35 kg per household per month
  3. C.10 kg per person per month
  4. D.25 kg per household per month
Show answer
Correct answer: A. 5 kg per person per month

The Act creates two categories of beneficiary. A priority household receives five kilograms of foodgrain for every member every month, so a family of five draws twenty-five kilograms.

Q3074.Indian EconomyEasy

The National Food Security Act was enacted in which year?

  1. A.2005
  2. B.2009
  3. C.2013
  4. D.2016
Show answer
Correct answer: C. 2013

The National Food Security Act, often called the Right to Food Act, was passed by Parliament in 2013 and converted the subsidised grain of the Targeted Public Distribution System from a scheme benefit into a legal entitlement, enforceable through a District Grievance Redressal Officer and a State Food Commission.

Q3075.Indian EconomyHard

The institution set up in 1988 to develop the money market in India was

  1. A.the Securities and Exchange Board of India
  2. B.the Discount and Finance House of India
  3. C.the National Housing Bank
  4. D.the Small Industries Development Bank of India
Show answer
Correct answer: B. the Discount and Finance House of India

It was set up in 1988 on the recommendation of the Vaghul Working Group to deal in short-term instruments such as treasury bills and commercial bills and so give depth and liquidity to the money market; it later became a primary dealer.

Q3077.Indian EconomyMedium

Narrow money, or M1, in India consists of

  1. A.currency with the public and net time deposits of banks
  2. B.currency with the public, demand deposits of banks and other deposits with the RBI
  3. C.currency with the public and total post office deposits
  4. D.demand deposits and time deposits of banks only
Show answer
Correct answer: B. currency with the public, demand deposits of banks and other deposits with the RBI

M1, narrow money, is the most liquid aggregate: currency, that is notes and coins, with the public, plus the demand deposits of banks, which are withdrawable at any time, plus other deposits with the Reserve Bank, a small residual item.

Q3078.Indian EconomyMedium

In a repurchase agreement, or repo, with the Reserve Bank of India, a commercial bank

  1. A.sells government securities to the RBI with an agreement to buy them back later
  2. B.buys government securities from the RBI with an agreement to sell them back later
  3. C.deposits its surplus cash with the RBI without any security
  4. D.issues commercial paper to the RBI
Show answer
Correct answer: A. sells government securities to the RBI with an agreement to buy them back later

In a repo the bank that needs funds sells government securities to the Reserve Bank and simultaneously agrees to repurchase them a day or a few days later at a slightly higher price; the difference is the interest, and the rate charged is the repo rate, which is the policy…

Q3079.Indian EconomyEasy

Which of the following is NOT a money market instrument?

  1. A.Certificate of Deposit
  2. B.Treasury Bill
  3. C.Equity share
  4. D.Commercial Paper
Show answer
Correct answer: C. Equity share

An equity share has no maturity date at all; it represents ownership of a company for as long as the company exists, so it is the classic capital market instrument, issued in the primary market and traded on stock exchanges under SEBI's regulation.