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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

Q4781.Summits & ConferencesMedium

Which country did India back for the G20 Presidency in 2027 at the Milwaukee meeting?

  1. A.France
  2. B.Canada
  3. C.Republic of Korea
  4. D.United Kingdom
Show answer
Correct answer: D. United Kingdom

The three wrong options are not random: the Indian minister held bilateral meetings on the sidelines of the Milwaukee meeting with the Minister for Trade and Tourism of Australia, the Minister of Commerce of Saudi Arabia, the Minister Delegate for Foreign Trade and Economic Attractiveness of France, the Minister for…

Q4782.Summits & ConferencesMedium

Which Article of the Constitution of India, cited by the minister at the G20 meeting, prohibits forced labour as a fundamental right?

  1. A.Article 19
  2. B.Article 21
  3. C.Article 23
  4. D.Article 32
Show answer
Correct answer: C. Article 23

Speaking on ending forced labour in global supply chains, the minister said India commitment to eliminating forced labour is absolute and unconditional, and that the Constitution forbids forced labour as a fundamental right enforceable by the Supreme Court.

Q4784.EconomyHard

Which of the following is NOT covered by the benefit under Component II of RELIEF?

  1. A.Full Container Load cargo
  2. B.Less than Container Load cargo
  3. C.Reefer containers
  4. D.Energy shipments
Show answer
Correct answer: D. Energy shipments

The cargo that does attract the benefit is of three kinds: a Full Container Load, where one consignor fills a whole container, a Less than Container Load, where a shipment shares container space with others, and a Reefer container, the refrigerated box in which perishables such as fruit, fish and…

Q4785.EconomyMedium

Component II of RELIEF encourages exporters to obtain cover from which body, and at what level of risk coverage?

  1. A.EXIM Bank, with 80 per cent risk coverage
  2. B.ECGC, with 95 per cent risk coverage
  3. C.DGFT, with 90 per cent risk coverage
  4. D.SIDBI, with 75 per cent risk coverage
Show answer
Correct answer: B. ECGC, with 95 per cent risk coverage

Component II nudges an exporter into taking Export Credit Guarantee Corporation cover for upcoming shipments to the specified regions, and that cover carries ninety-five per cent risk coverage, available on a Stand Alone Policy or a Whole Turnover Policy obtained on or after 16 March 2026.

Q4786.EconomyMedium

What is the full form of RELIEF, the export intervention whose Component II timelines have been extended?

  1. A.Resilience and Logistics Intervention for Export Facilitation
  2. B.Remission of Levies and Insurance for Export Finance
  3. C.Reimbursement of Logistics and Insurance for Exporters and Farmers
  4. D.Resilient Export Logistics and Infrastructure Expansion Fund
Show answer
Correct answer: A. Resilience and Logistics Intervention for Export Facilitation

RELIEF is a time-bound intervention under the Export Promotion Mission and was launched on 19 March 2026 to support exporters struck by extraordinary freight escalation, higher insurance premia and war-related export risks arising on the Gulf and the wider West Asian maritime corridor.

Q4787.EconomyMedium

In which appendices of the Foreign Trade Policy are the RoDTEP rates and value caps notified, which stay unchanged during the extension?

  1. A.Appendix 4R and Appendix 4RE
  2. B.Appendix 3B and Appendix 3C
  3. C.Appendix 2A and Appendix 2B
  4. D.Appendix 7A and Appendix 7B
Show answer
Correct answer: A. Appendix 4R and Appendix 4RE

The rates and the value caps listed in these two appendices, in the shape they held on 30 September 2026, continue without any change for the whole extended period, so an exporter claims the same entitlement as before.

Q4789.EconomyEasy

Up to which date has the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme been extended?

  1. A.30 September 2026
  2. B.31 December 2026
  3. C.31 March 2027
  4. D.30 June 2027
Show answer
Correct answer: B. 31 December 2026

The Department of Commerce has carried the RoDTEP scheme forward to that date, and the benefit is available for exports made by Domestic Tariff Area units, Advance Authorisation holders, Special Economic Zone units and Export Oriented Units in the meantime.

Q4790.EnvironmentMedium

The minister recalled Mahatma Gandhi's stay in Champaran, where his sanitation work grew into a mass movement, in which year?

  1. A.1915
  2. B.1916
  3. C.1917
  4. D.1919
Show answer
Correct answer: C. 1917

Speaking at the plantation drive, the minister recalled Gandhi's stay in Champaran in that year and highlighted how Gandhi began efforts towards sanitation and hygiene there, how those efforts became part of a wider mass movement, and how they contributed to addressing the grievances of indigo farmers.

Q4793.Government SchemesMedium

How many physical files has the Ministry of Steel and its public sector enterprises targeted for disposal under Special Campaign 6?

  1. A.9,056
  2. B.12,234
  3. C.14,164
  4. D.20,763
Show answer
Correct answer: D. 20,763

The steel ministry and its central public sector enterprises have set that number of physical files for disposal during the month, along with 9,056 electronic files, and they have planned 301 cleanliness activities at their offices and locations.

Q4794.Government SchemesMedium

Which department's guidelines govern the Special Campaign, and on whose portal is progress monitored?

  1. A.Department of Personnel and Training
  2. B.Department of Expenditure
  3. C.Department of Administrative Reforms and Public Grievances
  4. D.Ministry of Electronics and Information Technology
Show answer
Correct answer: C. Department of Administrative Reforms and Public Grievances

The campaign is being run in line with its guidelines, it has finalised the standard operating procedure for scientific disposal of electronic waste, and ministries report their progress on its Special Campaign for Disposal of Pending Matters portal, which is updated through the month.

Q4795.Government SchemesEasy

What is the stated focus area of this year's Special Campaign 6?

  1. A.Digitisation of land records
  2. B.Effective collection, segregation and disposal of e-waste
  3. C.Single-use plastic phase-out
  4. D.Energy audit of government buildings
Show answer
Correct answer: B. Effective collection, segregation and disposal of e-waste

The campaign retains its older aims of cleanliness and clearing pendency, but electronic waste is the subject singled out for this round, and a standard operating procedure for scientific disposal of such waste has been sent to every subordinate office, autonomous organisation and regional office.

Q4796.Government SchemesEasy

The implementation phase of Special Campaign 6 is being observed during which period?

  1. A.15 September to 30 September 2026
  2. B.2 October to 31 October 2026
  3. C.1 November to 30 November 2026
  4. D.2 October to 2 November 2026
Show answer
Correct answer: B. 2 October to 31 October 2026

Both the Ministry of Environment, Forest and Climate Change and the Ministry of Steel said on the opening day that the implementation phase of the campaign would run through that month.

Q4797.Indian EconomyAsked in: CDS · 10 April 2022Medium

Which one of the following would be considered as Foreign Direct Investment?

  1. A.A foreign company buying shares in stock exchanges in India
  2. B.A foreign country pension fund investing in Indian stock markets
  3. C.A foreign merchant banker buying shares from Indian stock markets
  4. D.A foreign entity setting up an educational institution in India
Show answer
Correct answer: D. A foreign entity setting up an educational institution in India

Setting up an institution in India means putting money into a real asset and running it, which is exactly what Foreign Direct Investment is.

Q4798.Indian EconomyAsked in: UPSC CAPF · 18 Aug 2019Medium

Zero price elasticity of demand means

  1. A.whatever the change in price, there is absolutely no change in demand
  2. B.for a small change in price, there is a small change in demand
  3. C.for a small change in price, there is a large change in demand
  4. D.for a large change in price, there is a small change in demand
Show answer
Correct answer: A. whatever the change in price, there is absolutely no change in demand

Price elasticity of demand is the percentage change in quantity demanded divided by the percentage change in price. If the elasticity is zero, the numerator is zero: buyers take the same quantity however the price moves.

Q4799.Indian EconomyAsked in: UPSC CAPF · 7 Aug 2022Easy

GST is a/an

  1. A.destination-based consumption tax
  2. B.origin-based production tax
  3. C.destination-based sales tax on transaction
  4. D.origin-based tax on sales transaction
Show answer
Correct answer: A. destination-based consumption tax

Goods and Services Tax is collected by the state where the goods or services are finally consumed, not by the state that produced them.