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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

Q4702.Indian EconomyAsked in: SSC CHSL · 17 March, 2023, Shift 4Easy

Law of Demand states that, there is a negative relationship between ________.

  1. A.demand for a commodity and its supply
  2. B.demand for a commodity and its price
  3. C.tax on a commodity and its price
  4. D.supply of a commodity and its price
Show answer
Correct answer: B. demand for a commodity and its price

The law of demand says that, other things remaining equal, a rise in the price of a good reduces the quantity demanded and a fall in price raises it, so the two move in opposite directions.

Q4704.Indian EconomyAsked in: SSC CHSL · 13 March 2018, Shift 2Medium

Why are the Indian workers less skilled than the workers of western countries?

  1. A.Low level of wages
  2. B.Inferior quality of capital provided to labourers
  3. C.High level of illiteracy
  4. D.Strong trade unions
Show answer
Correct answer: C. High level of illiteracy

Skill is built on schooling and training, so a workforce in which a large share of workers is illiterate or barely schooled cannot absorb technical instruction the way a fully literate one can.

Q4705.Indian EconomyAsked in: Bihar · BPSC AE Paper 4 (General Engineering SciMedium

All financial decisions on any project appraisal are based on

  1. A.future value of money
  2. B.present value of money
  3. C.opportunity cost of money
  4. D.None of the above
Show answer
Correct answer: B. present value of money

Money has a time value, so a rupee received years later is worth less than a rupee in hand, and every cash flow of a project is first brought to today's value before a decision is taken.

Q4707.Government SchemesHard

How much has the Sixteenth Finance Commission recommended for Rural Local Bodies for the period 2026-31?

  1. A.Rs 2,35,236 crore
  2. B.Rs 3,35,236 crore
  3. C.Rs 4,35,236 crore
  4. D.Rs 5,35,236 crore
Show answer
Correct answer: C. Rs 4,35,236 crore

This is the amount the Sixteenth Finance Commission has recommended for Rural Local Bodies for the award period 2026-31, and it marks an increase of nearly 84 per cent over what the Fifteenth Finance Commission provided, with the annual per capita grant rising from about Rs 400 to nearly Rs…

Q4708.Government SchemesMedium

The Special Gram Sabhas held on Gandhi Jayanti marked the start of which campaign?

  1. A.Sabki Yojana, Sabka Vikas (People's Plan Campaign)
  2. B.Rashtriya Gram Swaraj Abhiyan
  3. C.Swachhata Hi Seva
  4. D.Jal Sanchay Jan Bhagidari
Show answer
Correct answer: A. Sabki Yojana, Sabka Vikas (People's Plan Campaign)

The correct answer is Sabki Yojana, Sabka Vikas, the title of the People's Plan Campaign for the year, under which Panchayats will prepare their Panchayat Development Plans for the financial year that follows.

Q4709.Government SchemesMedium

How many Special Gram Sabhas were held across India on Gandhi Jayanti in 2026?

  1. A.More than 1.42 lakh
  2. B.More than 2.42 lakh
  3. C.More than 3.42 lakh
  4. D.More than 4.42 lakh
Show answer
Correct answer: B. More than 2.42 lakh

That many Special Gram Sabhas were scheduled across the country on the GPDP Portal and the Panchayat NIRNAY Portal for Gandhi Jayanti, and they were attended by residents, elected representatives, Panchayat functionaries and officials.

Q4710.InternationalMedium

India and the Netherlands agreed to explore cooperation through a work plan in which sector?

  1. A.Fisheries sector
  2. B.Dairy sector
  3. C.Seed sector
  4. D.Poultry sector
Show answer
Correct answer: C. Seed sector

The two sides agreed to look at working together in the seed sector through a work plan that would name the key areas of cooperation and lay down a clear framework for effective implementation, and this was the new area taken up alongside the review of existing cooperation.

Q4712.InternationalEasy

Union Agriculture Minister Shivraj Singh Chouhan held bilateral agriculture talks in New Delhi with the minister of which country?

  1. A.Denmark
  2. B.The Netherlands
  3. C.Belgium
  4. D.Germany
Show answer
Correct answer: B. The Netherlands

Silvio Erkens, the Dutch Minister for Agriculture, Fisheries, Food Security and Nature, held bilateral talks with the Union Minister for Agriculture and Farmers Welfare in New Delhi, and the discussions covered the Centres of Excellence being set up in agriculture and horticulture, cooperation in the seed sector, market access and…

Q4713.SportsMedium

What makes the Indian men's quadrant team's sepaktakraw bronze significant?

  1. A.It is India's first-ever medal in the men's quadrant event at the Asian Games
  2. B.It is India's first gold in sepaktakraw
  3. C.It is India's first medal in any sport at the Asian Games
  4. D.It is India's first team medal at the Asian Games
Show answer
Correct answer: A. It is India's first-ever medal in the men's quadrant event at the Asian Games

That is the exact claim attached to the result, and it is the reason the bronze was described as a landmark moment for sepaktakraw in India rather than as one more entry on the medal table.

Q4720.SportsMedium

What did Prime Minister Narendra Modi note about the wider importance of Ankush's gold medal?

  1. A.That it ensures India's boxing campaign at the Asian Games ends on a great note
  2. B.That it was India's first boxing gold of the edition
  3. C.That it came on the boxer’s Asian Games debut
  4. D.That it took India to the top of the overall medal tally
Show answer
Correct answer: A. That it ensures India's boxing campaign at the Asian Games ends on a great note

The Prime Minister used exactly this framing, which marks the medal as the closing result of the country's boxing effort at these Games, and he separately called the boxer's passion and dedication noteworthy.