Skip to content
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

Q3642.Books & AuthorsMedium

Who is called the father of modern Assamese literature and wrote the folk tale collection Burhi Aair Sadhu?

  1. A.Birendra Kumar Bhattacharya
  2. B.Lakshminath Bezbaroa
  3. C.Nilmani Phookan
  4. D.Anandaram Dhekial Phukan
Show answer
Correct answer: B. Lakshminath Bezbaroa

A leading writer of the Jonaki era that began with the magazine of that name in 1889, he wrote humour, satire, plays and the much loved collection of folk tales Burhi Aair Sadhu, meaning Grandmother Tales, and he composed O Mur Apunar Desh, which is now the state song of…

Q3643.Books & AuthorsEasy

The devotional songs called Borgeet and the one-act plays called Ankiya Nat were created by

  1. A.Srimanta Sankardeva
  2. B.Lakshminath Bezbaroa
  3. C.Hemchandra Barua
  4. D.Indira Goswami
Show answer
Correct answer: A. Srimanta Sankardeva

The fifteenth and sixteenth century Vaishnava saint founded the Ekasarana faith and shaped much of Assamese cultural life: he composed the devotional songs known as Borgeet, wrote the one-act plays called Ankiya Nat that are staged as Bhaona, gave rise to the dance tradition now called Sattriya, and wrote the…

Q3644.Books & AuthorsHard

The Saptakanda Ramayana, one of the earliest renderings of the Ramayana into a modern Indian language, was composed in Assamese by

  1. A.Hema Saraswati
  2. B.Madhava Kandali
  3. C.Madhavdeva
  4. D.Srimanta Sankardeva
Show answer
Correct answer: B. Madhava Kandali

Writing in the fourteenth century, he put the Ramayana into Assamese verse in seven books, which is what the name Saptakanda records, and the work is counted among the first translations of the epic into any modern Indian language.

Q3645.Books & AuthorsMedium

The Odia novel Chha Mana Atha Guntha, translated into English as Six Acres and a Third, was written by

  1. A.Gopinath Mohanty
  2. B.Fakir Mohan Senapati
  3. C.Gangadhar Meher
  4. D.Pratibha Ray
Show answer
Correct answer: B. Fakir Mohan Senapati

He is called the father of Odia fiction and of modern Odia prose and is titled Utkala Byasa Kabi, and his novel Chha Mana Atha Guntha is a sharp, ironic account of how a scheming landlord dispossesses a poor weaver couple of their small plot of land.

Q3647.Books & AuthorsEasy

Which writer wrote the poem Ajj Aakhaan Waris Shah Nu and the novel Pinjar, and won the Jnanpith Award in 1981?

  1. A.Amrita Pritam
  2. B.Gurdial Singh
  3. C.Shiv Kumar Batalvi
  4. D.Nanak Singh
Show answer
Correct answer: A. Amrita Pritam

Her poem Ajj Aakhaan Waris Shah Nu calls on the old poet of Heer to speak again over the suffering of Partition, her novel Pinjar tells the story of an abducted woman of those years, and she received the Jnanpith Award in 1981 for the collection Kagaz Te Canvas.

Q3650.Books & AuthorsEasy

The bhajan beginning Vaishnav Jan To, a favourite prayer of Mahatma Gandhi, was composed by

  1. A.Narsinh Mehta
  2. B.Premanand Bhatt
  3. C.Dayaram
  4. D.Dalpatram
Show answer
Correct answer: A. Narsinh Mehta

Narsinh Mehta was a fifteenth century devotional poet of Gujarat who is honoured as the Adi Kavi, the first poet of the language, and his bhajan Vaishnav Jan To lists the qualities of a true devotee, which is why Gandhi made it part of the daily prayer at his ashram.

Q3651.Indian EconomyHard

Section 29A of the Insolvency and Bankruptcy Code deals with which of the following?

  1. A.The moratorium on legal proceedings against the debtor
  2. B.The order in which money is distributed on liquidation
  3. C.Persons who are not eligible to submit a resolution plan
  4. D.The minimum amount of default for an application
Show answer
Correct answer: C. Persons who are not eligible to submit a resolution plan

Section 29A, inserted by amendment in 2018, lists disqualifications, chiefly for promoters and connected persons whose accounts have been classified as non-performing, for undischarged insolvents and for persons disqualified as directors, so that a defaulting promoter cannot buy the company back cheaply through the very process his default caused.

Q3652.Indian EconomyHard

A resolution plan under the Insolvency and Bankruptcy Code requires the approval of creditors holding at least what share of the voting rights in the Committee of Creditors?

  1. A.Fifty-one per cent
  2. B.Sixty-six per cent
  3. C.Seventy-five per cent
  4. D.Ninety per cent
Show answer
Correct answer: B. Sixty-six per cent

The Committee of Creditors is made up of the financial creditors of the company, with voting shares in proportion to the debt owed to each, and a resolution plan is approved only when creditors holding at least sixty-six per cent of the voting share vote for it; the same majority…

Q3653.Indian EconomyMedium

The committee whose 1991 report set out the agenda of banking sector reforms in India was headed by:

  1. A.M. Narasimham
  2. B.Raghuram Rajan
  3. C.Bimal Jalan
  4. D.Urjit Patel
Show answer
Correct answer: A. M. Narasimham

The Committee on the Financial System of 1991 and the Committee on Banking Sector Reforms of 1998, both under him, recommended prudential norms for income recognition and provisioning, a minimum capital to risk-weighted assets ratio, a lower statutory liquidity ratio and cash reserve ratio, entry for new private banks and…

Q3655.Indian EconomyMedium

The SARFAESI Act, which allows a secured creditor to take possession of and sell the security without a court decree, was passed in which year?

  1. A.1993
  2. B.1998
  3. C.2002
  4. D.2016
Show answer
Correct answer: C. 2002

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act of 2002 lets a secured creditor issue a notice to a defaulting borrower and then take possession of and sell the secured asset without going to court, and it also provides for asset reconstruction companies that buy…

Q3656.Indian EconomyHard

Within how many days must the corporate insolvency resolution process be completed, including extensions and the time spent in litigation?

  1. A.180 days
  2. B.270 days
  3. C.330 days
  4. D.365 days
Show answer
Correct answer: C. 330 days

Section 12 of the Code gives the resolution process 180 days from the date of admission, allows the adjudicating authority to extend it once by up to 90 days on a resolution of the Committee of Creditors, and the amendment of 2019 added the outer limit of 330 days, which…

Q3657.Indian EconomyMedium

Which body regulates insolvency professionals and information utilities in India?

  1. A.Reserve Bank of India
  2. B.Securities and Exchange Board of India
  3. C.Insolvency and Bankruptcy Board of India
  4. D.Ministry of Finance
Show answer
Correct answer: C. Insolvency and Bankruptcy Board of India

Created under the Code of 2016, it registers and oversees insolvency professionals, insolvency professional agencies and information utilities, and makes the regulations under which the resolution process runs, which makes it both a regulator and a rule-maker.

Q3658.Indian EconomyMedium

Under the Insolvency and Bankruptcy Code, which is the adjudicating authority for the insolvency of a company?

  1. A.Debt Recovery Tribunal
  2. B.National Company Law Tribunal
  3. C.Securities Appellate Tribunal
  4. D.The High Court of the state concerned
Show answer
Correct answer: B. National Company Law Tribunal

For companies and limited liability partnerships the application for insolvency is filed before the Tribunal, which admits or rejects it, declares the moratorium and appoints the interim resolution professional; appeals lie to the National Company Law Appellate Tribunal and then to the Supreme Court.

Q3659.Indian EconomyEasy

The Insolvency and Bankruptcy Code was enacted in which year?

  1. A.2002
  2. B.2013
  3. C.2016
  4. D.2019
Show answer
Correct answer: C. 2016

The Code was passed in 2016 on the recommendations of the Bankruptcy Law Reforms Committee and replaced a scatter of older laws, among them the Sick Industrial Companies Act and parts of the Companies Act, with a single time-bound process in which control passes from the defaulting promoter to the…