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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

Q5082.Important Days & DatesMedium

National Technology Day, observed on 11 May, marks which event of 1998?

  1. A.The first flight of the Light Combat Aircraft
  2. B.The nuclear tests carried out at Pokhran
  3. C.The launch of the first Indian remote sensing satellite
  4. D.The commissioning of the PARAM supercomputer
Show answer
Correct answer: B. The nuclear tests carried out at Pokhran

On 11 May 1998 India tested nuclear devices at Pokhran in Rajasthan under Operation Shakti; the same day the indigenous Hansa-3 trainer aircraft made its first test flight and the Trishul missile was successfully test-fired, and Prime Minister Atal Bihari Vajpayee named the date National Technology Day.

Q5083.Important Days & DatesEasy

National Science Day commemorates which achievement?

  1. A.The launch of Aryabhata, India's first satellite
  2. B.The announcement of the Raman Effect
  3. C.The founding of the Council of Scientific and Industrial Research
  4. D.The first test flight of the Hansa-3 aircraft
Show answer
Correct answer: B. The announcement of the Raman Effect

C. V. Raman made the announcement on 28 February 1928 and won the Nobel Prize in Physics for it in 1930, the first Nobel in the sciences for an Indian.

Q5085.Banking & Financial AwarenessHard

FASTag, used for paying tolls on national highways, works on which technology?

  1. A.Radio frequency identification
  2. B.Global positioning system
  3. C.Near field communication
  4. D.Optical character recognition
Show answer
Correct answer: A. Radio frequency identification

A FASTag is a sticker on the windscreen that a reader at the toll plaza identifies by radio, so the toll is deducted from a linked account and the vehicle need not stop; the system is called National Electronic Toll Collection and is run by the National Payments Corporation of…

Q5086.Banking & Financial AwarenessMedium

The Aadhaar Enabled Payment System allows a customer to withdraw money using which two things?

  1. A.A cheque and a signature
  2. B.The Aadhaar number and a fingerprint
  3. C.A debit card and a PIN
  4. D.A passbook and an identity card
Show answer
Correct answer: B. The Aadhaar number and a fingerprint

The system, run by the National Payments Corporation of India, lets a customer withdraw cash, deposit money or check a balance at a banking correspondent's micro ATM by giving the Aadhaar number, the name of the bank and a biometric authentication, without a card or a cheque.

Q5087.Banking & Financial AwarenessMedium

What is the minimum amount for a transfer through RTGS?

  1. A.Ten thousand rupees
  2. B.One lakh rupees
  3. C.Two lakh rupees
  4. D.There is no minimum
Show answer
Correct answer: C. Two lakh rupees

Real Time Gross Settlement is meant for large value payments, which are settled one transaction at a time as they are received rather than in batches, and the system sets a floor of two lakh rupees with no upper limit.

Q5088.Banking & Financial AwarenessEasy

Which of the following statements about a debit card is correct?

  1. A.It pays from a credit limit granted by the bank
  2. B.It pays from the money already in the holder's account
  3. C.It can be used only at the ATMs of the issuing bank
  4. D.It is issued only to current account holders
Show answer
Correct answer: B. It pays from the money already in the holder's account

The amount of a debit card payment leaves the account at once, which is the essential difference from a credit card, where the bank pays first from a limit it has granted and bills the holder later with an interest free period.

Q5089.Banking & Financial AwarenessMedium

A white label ATM in India is set up and operated by whom?

  1. A.A public sector bank
  2. B.A non-bank entity authorised by the Reserve Bank
  3. C.The Reserve Bank of India itself
  4. D.A co-operative bank on behalf of its members
Show answer
Correct answer: B. A non-bank entity authorised by the Reserve Bank

Such an operator is authorised under the Payment and Settlement Systems Act of 2007, the machine carries the operator's own brand instead of a bank's, cards of every bank work on it, and the cash is supplied through a sponsor bank.

Q5090.Banking & Financial AwarenessEasy

What does the abbreviation ATM stand for in banking?

  1. A.Automatic Transfer Machine
  2. B.Automated Teller Machine
  3. C.Any Time Money
  4. D.Account Transaction Module
Show answer
Correct answer: B. Automated Teller Machine

The machine does the work of a teller at the counter, giving cash, accepting deposits, printing statements and taking requests, and it works at any hour without a member of the staff.

Q5091.Banking & Financial AwarenessEasy

RuPay, the Indian card payment network, is a product of which organisation?

  1. A.The Reserve Bank of India
  2. B.The National Payments Corporation of India
  3. C.The Securities and Exchange Board of India
  4. D.The Ministry of Finance
Show answer
Correct answer: B. The National Payments Corporation of India

RuPay was launched as an Indian card network so that domestic card payments would be settled within the country instead of through foreign networks, and its cards are issued by banks for savings accounts and under government schemes.

Q5092.Banking & Financial AwarenessMedium

The Unified Payments Interface, or UPI, was developed and is operated by which body?

  1. A.The Reserve Bank of India
  2. B.The National Payments Corporation of India
  3. C.The Indian Banks' Association
  4. D.The State Bank of India
Show answer
Correct answer: B. The National Payments Corporation of India

UPI was launched in 2016 and allows a payment from one bank account to another through a mobile application, using a virtual payment address instead of the account number and a UPI PIN for authentication.

Q5093.Banking & Financial AwarenessAsked in: Delhi · 27 Nov 2020, Shift 3Easy

The YONO (You Only Need One) app is an integrated digital banking platform offered by ______ to enable its users to access a variety of financial services.

  1. A.HDFC
  2. B.Punjab National Bank
  3. C.ICICI
  4. D.State Bank of India
Show answer
Correct answer: D. State Bank of India

YONO, which stands for You Only Need One, was launched by the State Bank of India as a single application for banking, investment, insurance and online shopping, and it also allows cash withdrawal at the bank's machines without a card.

Q5094.Banking & Financial AwarenessAsked in: SSC CHSL · 2 Jul 2019, Shift 2Easy

In December 2016, the National Payments Corporation of India developed a mobile payment app named as __________.

  1. A.NAKUL
  2. B.GANDIV
  3. C.BHIM
  4. D.JANAK
Show answer
Correct answer: C. BHIM

The Bharat Interface for Money application was released in December 2016 by the National Payments Corporation of India so that payments over the Unified Payments Interface, launched earlier that year, could be made from any smartphone with a bank account linked to it.