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.
Which country was described by the Greek historian Herodotus as the Gift of the Nile?
The annual flood of the Nile spread fertile silt over a narrow strip of desert and made settled agriculture and the Egyptian civilisation possible, which is why Egypt is called the Gift of the Nile.
Read the full explanation →Norway is popularly called the Land of the Midnight Sun because of which reason?
A large part of Norway lies north of the Arctic Circle, and at such latitudes the sun does not set for weeks around the summer solstice, so it can be seen at midnight; this is the phenomenon behind the epithet.
Read the full explanation →Which country is known as the Land of the Thunder Dragon?
Bhutan calls itself Druk Yul, which means the land of the thunder dragon, and the dragon appears on its national flag; the name is traced to the thunderstorms that roll through its Himalayan valleys.
Read the full explanation →The Digital India programme was launched on which date?
Digital India was launched on that date with three stated aims: digital infrastructure as a utility for every citizen, governance and services on demand, and the digital empowerment of citizens; BharatNet, Common Service Centres, DigiLocker and the UMANG application all sit within it.
Read the full explanation →A fraudulent email that imitates a bank in order to make the reader reveal a password or card number is an example of:
Phishing uses a message that looks as though it comes from a trusted institution, so that the reader voluntarily gives up credentials; the same fraud carried out by telephone call is called vishing and by text message smishing.
Read the full explanation →Under the Digital Personal Data Protection Act, 2023, the individual whose personal data is being processed is called the:
The Act of 2023 calls the individual to whom the personal data relates the Data Principal, and gives that person rights of access, correction, erasure and grievance redressal.
Read the full explanation →An attack that floods a server with requests from many compromised machines so that genuine users cannot reach it is called:
A denial of service attack exhausts a server's capacity with a flood of requests, and when the flood is generated from many machines at once, often a botnet of infected computers, it is called distributed.
Read the full explanation →The Unified Payments Interface (UPI) was launched by which organisation?
The NPCI, set up in 2008 under the Payment and Settlement Systems Act of 2007 by the Reserve Bank and the Indian Banks' Association, launched UPI in 2016; it also runs RuPay, IMPS, the Aadhaar Enabled Payment System, NACH and FASTag.
Read the full explanation →The National Critical Information Infrastructure Protection Centre (NCIIPC) functions under which organisation?
The NCIIPC was designated under section 70A of the IT Act to protect critical information infrastructure, meaning computer resources whose incapacitation would have a debilitating effect on national security, the economy, public health or safety, and it works as a unit of the NTRO.
Read the full explanation →CERT-In, the national nodal agency for responding to cyber security incidents, is designated under which section of the IT Act?
The Indian Computer Emergency Response Team functions under the Ministry of Electronics and Information Technology and is designated by section 70B as the national agency for collecting and analysing information on cyber incidents, issuing advisories and coordinating responses.
Read the full explanation →Section 66A of the Information Technology Act was struck down by the Supreme Court in which case?
In 2015 the Supreme Court held section 66A, which punished the sending of offensive messages through a communication service, to be unconstitutional because it was vague and overbroad and violated the freedom of speech under Article 19(1)(a).
Read the full explanation →In cyber security, the CIA triad stands for:
These are the three goals of information security: only authorised persons should read the data, the data must not be altered without authority, and the system must work when it is needed.
Read the full explanation →Which Act is the principal law governing cyber activity and electronic records in India?
It gives legal recognition to electronic records and digital signatures, creates the offences of computer-related crime, and was amended substantially in 2008 to add provisions on cyber terrorism, interception and data protection by body corporates.
Read the full explanation →Interest rates on small savings schemes in India are notified:
The Department of Economic Affairs in the Ministry of Finance notifies the rates at the start of every quarter, and since the Shyamala Gopinath Committee reported in 2010 the rates are linked to the yields on government securities of comparable maturity, with a spread for some schemes.
Read the full explanation →Collections under the small savings schemes are credited to which fund?
The fund was created in 1999 in the Public Account of India, all small savings collections flow into it, and the Centre and the States draw loans from it, which is why small savings are treated as a source of government borrowing.
Read the full explanation →Which small savings scheme is designed so that the amount invested doubles over the notified period?
The Kisan Vikas Patra is sold as a certificate that doubles the amount invested over a period notified by the government, and that period moves up or down as the interest rate is revised.
Read the full explanation →What is the maturity period of a National Savings Certificate of the VIII Issue?
The eighth issue of the National Savings Certificate is a five-year certificate on which interest is compounded annually and paid along with the principal when it matures, and deposits in it qualify for deduction under section 80C. Option A, three years, is wrong; three years is one of the terms…
Read the full explanation →The Senior Citizens' Savings Scheme can ordinarily be opened by a person who has attained the age of:
The scheme, which began in 2004, is open to an individual who has attained sixty years, and it has a term of five years that can be extended by three years, with interest paid every quarter.
Read the full explanation →Small savings schemes in India are notified under which Act?
This is the parent law under which the Public Provident Fund, National Savings Certificate, Sukanya Samriddhi, Senior Citizens' Savings and Kisan Vikas Patra schemes are notified, and it was called the Government Savings Banks Act, 1873 until the Finance Act of 2018 renamed it.
Read the full explanation →A Sukanya Samriddhi Account matures after how many years from the date of opening?
The account matures twenty-one years after the date of opening, and it may close earlier if the girl marries after completing eighteen years.
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