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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

Q4681.Indian PolityMedium

The Chief Election Commissioner of India can be removed from office in the same manner as which of the following?

  1. A.A judge of a High Court
  2. B.A judge of the Supreme Court
  3. C.The Attorney General of India
  4. D.A Governor of a State
Show answer
Correct answer: B. A judge of the Supreme Court

Article 324(5) says the Chief Election Commissioner shall not be removed from office except in like manner and on the like grounds as a judge of the Supreme Court, so it takes an order of the President after each House of Parliament has passed an address by a special majority…

Q4682.Indian PolityEasy

Who was the first Chief Election Commissioner of India?

  1. A.Sukumar Sen
  2. B.K. V. K. Sundaram
  3. C.T. Swaminathan
  4. D.T. N. Seshan
Show answer
Correct answer: A. Sukumar Sen

The correct answer is A, Sukumar Sen, an officer of the Indian Civil Service who held office from 1950 to 1958 and conducted the first two general elections, of 1951-52 and 1957, for an electorate that was largely unlettered and had never voted before.

Q4684.Indian PolityHard

Under the Representation of the People Act, 1951, what is the security deposit for a general candidate contesting a Lok Sabha election?

  1. A.10,000 rupees
  2. B.25,000 rupees
  3. C.5,000 rupees
  4. D.50,000 rupees
Show answer
Correct answer: B. 25,000 rupees

Section 34 of the Representation of the People Act, 1951 requires a candidate for a Lok Sabha seat to deposit 25,000 rupees, and a candidate belonging to a Scheduled Caste or a Scheduled Tribe deposits half of it.

Q4685.Indian PolityMedium

Elections to the panchayats and municipalities in a State are conducted by which authority?

  1. A.Election Commission of India
  2. B.State Election Commission
  3. C.District Collector of the district
  4. D.Ministry of Panchayati Raj
Show answer
Correct answer: B. State Election Commission

Article 243K, inserted by the 73rd Amendment, gives the superintendence, direction and control of panchayat elections to a State Election Commission consisting of a State Election Commissioner appointed by the Governor, and Article 243ZA does the same for municipalities.

Q4686.Indian PolityEasy

The voting age in India was reduced from 21 years to 18 years by which Constitutional Amendment Act?

  1. A.44th Amendment Act
  2. B.52nd Amendment Act
  3. C.61st Amendment Act
  4. D.73rd Amendment Act
Show answer
Correct answer: C. 61st Amendment Act

The correct answer is C, the 61st Amendment Act, passed in 1988, which amended Article 326 and lowered the voting age for elections to the Lok Sabha and the State Legislative Assemblies from 21 years to 18, so that the enlarged electorate voted in the general election of 1989.

Q4687.Indian PolityMedium

Which article of the Indian Constitution vests the superintendence, direction and control of elections in the Election Commission?

  1. A.Article 320
  2. B.Article 324
  3. C.Article 326
  4. D.Article 329
Show answer
Correct answer: B. Article 324

It is the first article of Part XV and places the superintendence, direction and control of the preparation of electoral rolls and of the conduct of all elections to Parliament, the State legislatures and the offices of the President and the Vice-President in the Election Commission of India.

Q4688.Indian PolityAsked in: SSC GD Constable · 14 Feb 2019, Shift 3Easy

In the context of Elections in India, the term VVPAT stands for:

  1. A.Voter Visit Poll Account Trail
  2. B.Voter Vivid Press Audit Trail
  3. C.Voter Verifiable Paper Audit Trail
  4. D.Voter Verifiable Paper Account Trail
Show answer
Correct answer: C. Voter Verifiable Paper Audit Trail

A VVPAT unit is attached to the balloting unit of an electronic voting machine and prints a slip showing the serial number, name and symbol of the candidate the voter has chosen; the slip is visible through a window for about seven seconds and then drops into a sealed box…

Q4689.Indian PolityAsked in: SSC GD Constable · 12 Feb 2019, Shift 2Easy

The Chief of Election Commission is appointed by the ________.

  1. A.Central Government
  2. B.State Government
  3. C.Chief Justice of India
  4. D.President of India
Show answer
Correct answer: D. President of India

Article 324(2) says the Chief Election Commissioner and the other Election Commissioners shall be appointed by the President, and under the Act of 2023 the President acts on the recommendation of a Selection Committee of the Prime Minister, a Union Cabinet Minister and the Leader of the Opposition in the…

Q4690.Indian EconomyMedium

The Pradhan Mantri Ujjwala Yojana, which provides LPG connections to women of poor households, was launched in 2016 from which place?

  1. A.Panipat, Haryana
  2. B.Ballia, Uttar Pradesh
  3. C.Ranchi, Jharkhand
  4. D.Patna, Bihar
Show answer
Correct answer: B. Ballia, Uttar Pradesh

The correct answer is B, Ballia in Uttar Pradesh, from where the scheme was launched on 1 May 2016 to give deposit-free liquefied petroleum gas connections to adult women of poor households, so that cooking on firewood and dung cakes, with the smoke it puts into a kitchen, could be…

Q4691.Indian EconomyMedium

Under the Pradhan Mantri Fasal Bima Yojana, what share of the sum insured does a farmer pay as premium for a kharif food crop?

  1. A.1.5 per cent
  2. B.2 per cent
  3. C.5 per cent
  4. D.10 per cent
Show answer
Correct answer: B. 2 per cent

The scheme, launched in 2016, fixed a uniform maximum premium for the farmer and left the remaining actuarial premium to be shared by the Centre and the State: two per cent of the sum insured for kharif food crops and oilseeds, one and a half per cent for rabi crops…

Q4693.Indian EconomyEasy

How many days of wage employment in a financial year does MGNREGA guarantee to a rural household?

  1. A.60 days
  2. B.100 days
  3. C.150 days
  4. D.180 days
Show answer
Correct answer: B. 100 days

The National Rural Employment Guarantee Act of 2005, renamed after Mahatma Gandhi in 2009, gives every rural household whose adult members are willing to do unskilled manual work a legal right to 100 days of such work in a financial year, with work to be provided within fifteen days of…

Q4694.Indian EconomyAsked in: RRB NTPC · 28 Dec 2020, Shift 1Easy

What is Sukanya Samriddhi Yojana?

  1. A.A small deposit scheme for the girl child.
  2. B.A scheme to provide bicycles for girls studying in the 10th class.
  3. C.A scheme to provide skills that give employability to women.
  4. D.A scheme to develop self-defence skills in girls.
Show answer
Correct answer: A. A small deposit scheme for the girl child.

Sukanya Samriddhi was opened in 2015 as part of the Beti Bachao Beti Padhao campaign: a guardian may open an account in the name of a girl child below the age of ten at a post office or a bank, deposit a small sum every year, and draw the maturity…

Q4695.Indian EconomyAsked in: SSC CHSL · 02 Aug, 2023, Shift 2Medium

The Government of India is providing Ayushman Bharat Yojana, a health scheme. This type of government effort falls under ______ of the Directive Principles of State Policy.

  1. A.Article 48
  2. B.Article 46
  3. C.Article 47
  4. D.Article 45
Show answer
Correct answer: C. Article 47

It places on the State the duty to raise the level of nutrition and the standard of living of its people and to improve public health, and a health assurance scheme such as Ayushman Bharat, which gives a cover of five lakh rupees a family a year for hospital treatment…

Q4696.Indian EconomyAsked in: SSC CGL · 21 Jul 2023, Shift 1Easy

What is the age criteria for the subscribers of Atal Pension Yojana?

  1. A.20 - 30 Years
  2. B.25 - 35 Years
  3. C.18 - 40 Years
  4. D.40 - 60 Years
Show answer
Correct answer: C. 18 - 40 Years

The Atal Pension Yojana, launched in 2015 and administered by the Pension Fund Regulatory and Development Authority, is open to a bank account holder between 18 and 40 years of age, who contributes until the age of 60 and then draws a guaranteed monthly pension of between one thousand and…

Q4698.Indian EconomyAsked in: SSC MTS · 03 May 2023, Shift 1Hard

The National Rural Employment Programme was merged with _________ in 1989.

  1. A.Indira Awas Yojana
  2. B.Rural Landless Employment Guarantee Programme
  3. C.Employment Assurance Scheme
  4. D.Jawahar Rozgar Yojana
Show answer
Correct answer: D. Jawahar Rozgar Yojana

In 1989 the National Rural Employment Programme of 1980 and the Rural Landless Employment Guarantee Programme of 1983 were brought together into a single wage employment programme named the Jawahar Rozgar Yojana, which was run through the panchayats and remained the main rural employment programme of the early 1990s. Option…

Q4699.Indian EconomyAsked in: SSC CGL · 16 August 2017, Shift 3Easy

'Udey Desh ka Aam Nagrik' (UDAN) scheme for regional air connectivity will provide travel to tier 2 and tier 3 cities at the rate of Rs ________ per hour.

  1. A.1500
  2. B.2000
  3. C.2500
  4. D.3000
Show answer
Correct answer: C. 2500

Under the Regional Connectivity Scheme called UDAN, which stands for Ude Desh ka Aam Nagrik and was launched in 2016, the fare on a subsidised seat is capped at about 2,500 rupees for an hour of flight on a fixed-wing aircraft, and the difference between that fare and the cost…

Q4700.Banking & Financial AwarenessAsked in: SSC CGL · 20 Aug 2021, Shift 3Medium

The 'Ecowrap report' was published in May 2020 by which of the following banks?

  1. A.RBI
  2. B.SBI
  3. C.HDFC Bank
  4. D.ICICI Bank
Show answer
Correct answer: B. SBI

Ecowrap is the research report of the State Bank of India, brought out by its economic research department. Ecowrap is written by the team of the group chief economic adviser at SBI and comments on growth, inflation, bank credit, government finances and the state of households.