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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

Q4081.Indian EconomyEasy

Amartya Sen, whose work shaped the idea of human development, is associated with which approach, and in which year did he receive the Nobel Prize in Economics?

  1. A.Capability approach, 1998
  2. B.Basic needs approach, 1993
  3. C.Capability approach, 2004
  4. D.Welfare approach, 1998
Show answer
Correct answer: A. Capability approach, 1998

Sen argued that development should be judged by what people are actually able to be and to do, their capabilities, rather than by the goods they own or the income they earn, and this is the reasoning behind the HDI's choice of health, education and a decent standard of living.

Q4082.Indian EconomyMedium

The Gender Inequality Index, introduced in the Human Development Report of 2010, measures the loss in achievement due to gender gaps in which three areas?

  1. A.Health, education and income
  2. B.Reproductive health, empowerment and the labour market
  3. C.Literacy, nutrition and employment
  4. D.Education, political representation and property ownership
Show answer
Correct answer: B. Reproductive health, empowerment and the labour market

The Gender Inequality Index replaced the Gender Development Index and the Gender Empowerment Measure of 1995 and shows the human development cost of inequality between women and men in those three dimensions.

Q4083.Indian EconomyMedium

The Gini coefficient is derived from which curve?

  1. A.Phillips curve
  2. B.Lorenz curve
  3. C.Laffer curve
  4. D.Kuznets curve
Show answer
Correct answer: B. Lorenz curve

The further the curve sags away from the straight diagonal of perfect equality, the greater the inequality, and the Gini coefficient measures exactly that gap on a scale from 0, perfect equality, to 1, perfect inequality.

Q4084.Indian EconomyHard

The Physical Quality of Life Index, developed by Morris David Morris, was built from which set of indicators?

  1. A.Life expectancy at age one, infant mortality rate and basic literacy
  2. B.Life expectancy at birth, mean years of schooling and income per head
  3. C.Infant mortality rate, literacy and gross domestic product per head
  4. D.Nutrition, sanitation and housing
Show answer
Correct answer: A. Life expectancy at age one, infant mortality rate and basic literacy

Morris gave equal weight to three indicators only, life expectancy at age one, the infant mortality rate and basic literacy, and the striking feature of his index is that income appears nowhere in it; he argued that income is a means and that the results of development should be measured…

Q4085.Indian EconomyMedium

The global Multidimensional Poverty Index is published by the UNDP together with which institution?

  1. A.Oxford Poverty and Human Development Initiative
  2. B.International Labour Organization
  3. C.Organisation for Economic Co-operation and Development
  4. D.Food and Agriculture Organization
Show answer
Correct answer: A. Oxford Poverty and Human Development Initiative

The index was introduced in the 2010 Human Development Report and is produced jointly with that initiative at the University of Oxford, whose Alkire-Foster method identifies households deprived at the same time in several of ten indicators grouped under health, education and standard of living.

Q4088.Indian EconomyMedium

In the current method of calculating the Human Development Index, the standard of living dimension is measured by which indicator?

  1. A.Gross domestic product per head at market prices
  2. B.Gross national income per head at purchasing power parity
  3. C.Net national product at factor cost
  4. D.Household final consumption expenditure
Show answer
Correct answer: B. Gross national income per head at purchasing power parity

The switch was made in the 2010 Human Development Report. Gross national income was preferred to gross domestic product because it includes incomes earned abroad and sent home and excludes incomes earned in the country by foreigners, so it is closer to what residents can actually spend; and purchasing power…

Q4089.Indian EconomyAsked in: SSC GD Constable · 18 Nov 2021, Shift 2Easy

Which of the following is a statistical tool that measures a country's overall achievement in terms of health, education and income?

  1. A.Human development index
  2. B.Per capita income
  3. C.Life expectancy
  4. D.Political stability
Show answer
Correct answer: A. Human development index

It is the composite measure that puts health, education and income together in a single figure between 0 and 1, built as the geometric mean of one index for each of the three dimensions, and published by the UNDP since 1990.

Q4092.Indian EconomyEasy

The first Human Development Report, which introduced the Human Development Index, was published in 1990 by which organisation?

  1. A.World Bank
  2. B.United Nations Development Programme
  3. C.International Monetary Fund
  4. D.World Economic Forum
Show answer
Correct answer: B. United Nations Development Programme

The UNDP brought out the first Human Development Report in 1990, with the Human Development Index as its centrepiece, and it has published the report and the index since.