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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

Q4241.Static GKEasy

Which country’s parliament is known as the mother of parliaments?

  1. A.Greece
  2. B.The United Kingdom
  3. C.France
  4. D.The United States
Show answer
Correct answer: B. The United Kingdom

The phrase comes from the nineteenth century reformer John Bright, who said that England is the mother of parliaments, and it stuck to the Parliament at Westminster because so many countries, India among them, took their form of government from it; that form is called the Westminster model.

Q4243.Static GKAsked in: Delhi · 18 Jul, 2021, Shift 1Medium

The feature of ‘Joint Sitting of two houses of Parliament’ in the Indian Constitution is borrowed from the constitution of ____________.

  1. A.Canada
  2. B.United States of America
  3. C.Australia
  4. D.France
Show answer
Correct answer: C. Australia

The joint sitting of the two houses, provided for in Article 108 and summoned by the President to resolve a deadlock on an ordinary Bill, was taken from the Australian Constitution, along with the concurrent list and the freedom of trade and commerce between the units.

Q4244.Static GKHard

The two houses of the Parliament of Malaysia are

  1. A.Dewan Rakyat and Dewan Negara
  2. B.Majlis and Shoora
  3. C.Sejm and Senat
  4. D.Tshogdu and Tshogde
Show answer
Correct answer: A. Dewan Rakyat and Dewan Negara

The Malaysian Parliament has the Dewan Rakyat, the house of the people, as its elected lower house, and the Dewan Negara, the house of the nation, as its upper house, which represents the states and holds appointed members.

Q4245.Static GKMedium

The State Duma is a house of the legislature of

  1. A.Poland
  2. B.Russia
  3. C.Ukraine
  4. D.Hungary
Show answer
Correct answer: B. Russia

The Russian legislature is the Federal Assembly, and it has two houses: the State Duma, the lower house, whose members are elected, and the Federation Council, the upper house, which represents the regions of the federation.

Q4246.Static GKMedium

Which of the following is the largest legislature in the world by number of members?

  1. A.The Parliament of India
  2. B.The National People’s Congress of China
  3. C.The Congress of the United States
  4. D.The European Parliament
Show answer
Correct answer: B. The National People’s Congress of China

It is a single house body with close to three thousand members, chosen indirectly by the provincial congresses and the armed forces, and no other legislature comes near that size.

Q4247.Static GKMedium

The oldest surviving parliament in the world, founded in the year 930, is the

  1. A.Althing of Iceland
  2. B.Parliament of the United Kingdom
  3. C.Storting of Norway
  4. D.Riksdag of Sweden
Show answer
Correct answer: A. Althing of Iceland

The Althing was founded in 930 at Thingvellir, where free men gathered in the open to settle disputes and declare law, and it still functions as the legislature of Iceland, which makes it the oldest surviving parliament in the world.

Q4249.Static GKEasy

The Knesset is the parliament of which country?

  1. A.Israel
  2. B.Iran
  3. C.Turkey
  4. D.Egypt
Show answer
Correct answer: A. Israel

The Knesset is the single house legislature of Israel and has a fixed strength of 120 members elected by proportional representation; it sits at Jerusalem and its name comes from the assembly of the same size in ancient Jewish tradition.

Q4252.Important Days & DatesHard

International Customs Day is observed on 26 January every year because on that date in 1953

  1. A.The World Trade Organization was founded
  2. B.The first session of the Customs Co-operation Council was held
  3. C.The General Agreement on Tariffs and Trade was signed
  4. D.The Indian Customs Act was passed
Show answer
Correct answer: B. The first session of the Customs Co-operation Council was held

That inaugural session took place in Brussels on 26 January 1953; the Council took the working name World Customs Organization in 1994, and 26 January is kept as International Customs Day, a date Indian students remember easily because it is also Republic Day.

Q4253.Important Days & DatesMedium

National Farmers Day, Kisan Diwas, is observed in India on 23 December as the birth anniversary of

  1. A.Verghese Kurien
  2. B.Chaudhary Charan Singh
  3. C.M. S. Swaminathan
  4. D.Jagjivan Ram
Show answer
Correct answer: B. Chaudhary Charan Singh

The correct answer is B, Chaudhary Charan Singh, who was born on 23 December 1902, served as Prime Minister of India and is remembered for the laws and the politics that put the peasant at the centre of Indian public life.

Q4259.Important Days & DatesMedium

Income Tax Day, or Aaykar Diwas, is observed in India on

  1. A.1 April
  2. B.24 July
  3. C.31 July
  4. D.1 July
Show answer
Correct answer: B. 24 July

Income tax was introduced in India on 24 July 1860 by Sir James Wilson, the first finance member of the Viceroy council, to repair the finances of the government after the revolt of 1857, and the Income Tax Department has observed the day since 2010, the hundred and fiftieth year…

Q4260.Important Days & DatesMedium

National Consumer Rights Day is observed in India on 24 December because on that day in 1986

  1. A.The Consumer Protection Act received the assent of the President
  2. B.The first consumer court was opened in Delhi
  3. C.The Consumer Protection Act, 2019 came into force
  4. D.The Bureau of Indian Standards was set up
Show answer
Correct answer: A. The Consumer Protection Act received the assent of the President

The Consumer Protection Act, 1986 was given assent on 24 December 1986, and the Department of Consumer Affairs observes that date every year as National Consumer Rights Day with a theme.