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GK24

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

Q5282.Art & CultureMedium

The Patola sari, a double ikat woven so that the design appears identical on both faces, is a handicraft of which place?

  1. A.Patan in Gujarat
  2. B.Pochampally in Telangana
  3. C.Chanderi in Madhya Pradesh
  4. D.Kota in Rajasthan
Show answer
Correct answer: A. Patan in Gujarat

In Patola weaving the yarn of both the warp and the weft is tied and dyed before weaving, so the motif is built up from the threads themselves and looks the same from either side; Patan in north Gujarat is its historic centre and the craft carries a GI.

Q5283.Art & CultureEasy

Bidriware, the metal craft in which silver wire is inlaid into a blackened zinc alloy, belongs to which state?

  1. A.Telangana
  2. B.Karnataka
  3. C.Maharashtra
  4. D.Kerala
Show answer
Correct answer: B. Karnataka

Bidriware takes its name from Bidar, a town in northern Karnataka, where craftspersons cast an alloy of zinc and copper, engrave it, inlay pure silver wire and then rub the surface with a special soil that turns the alloy deep black while the silver stays bright.

Q5286.Art & CultureEasy

Which was the first product in India to be registered as a geographical indication?

  1. A.Mysore silk
  2. B.Darjeeling tea
  3. C.Pashmina shawl
  4. D.Banarasi brocade
Show answer
Correct answer: B. Darjeeling tea

After the Geographical Indications of Goods (Registration and Protection) Act, 1999 came into force on 15 September 2003, the tea of the Darjeeling hills was the first Indian good entered in the register, and its logo is still the best known Indian GI abroad.

Q5287.Banking & Financial AwarenessHard

Which of the following is the correct pairing of a payment system with the body that operates it?

  1. A.RTGS - National Payments Corporation of India
  2. B.NEFT - Indian Banks Association
  3. C.NACH - National Payments Corporation of India
  4. D.UPI - Reserve Bank of India
Show answer
Correct answer: C. NACH - National Payments Corporation of India

The National Automated Clearing House is a bulk clearing service of that corporation, used for repeated credits such as salary, pension, dividend and subsidy and for repeated debits such as loan instalments and utility bills.

Q5290.Banking & Financial AwarenessHard

Under which Act does the Reserve Bank of India regulate and supervise payment systems in the country?

  1. A.The Banking Regulation Act, 1949
  2. B.The Payment and Settlement Systems Act, 2007
  3. C.The Negotiable Instruments Act, 1881
  4. D.The Reserve Bank of India Act, 1934
Show answer
Correct answer: B. The Payment and Settlement Systems Act, 2007

This Act designates the Reserve Bank as the authority for payment systems, makes its authorisation necessary before any payment system may be operated, and provides for the Board for Regulation and Supervision of Payment and Settlement Systems.

Q5292.Banking & Financial AwarenessMedium

How is a NEFT transaction settled?

  1. A.Individually, the moment it is received
  2. B.On a deferred net basis, in half hourly batches
  3. C.Only at the end of the working day
  4. D.Only after the beneficiary bank confirms it
Show answer
Correct answer: B. On a deferred net basis, in half hourly batches

NEFT holds instructions for a short period, works out what each bank owes the others on balance, and settles only that difference; the batches run every half hour through all twenty four hours, since the service was made available on all days of the year in December 2019.

Q5293.Banking & Financial AwarenessMedium

The Immediate Payment Service (IMPS) is operated by:

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

IMPS was launched by that organisation in 2010 and was the first Indian system to offer interbank transfer instantly at any hour, including Sundays and holidays.

Q5295.Banking & Financial AwarenessEasy

NEFT stands for:

  1. A.National Electronic Funds Transfer
  2. B.New Electronic Fund Transaction
  3. C.National Exchange of Funds and Transfers
  4. D.Net Electronic Financial Transfer
Show answer
Correct answer: A. National Electronic Funds Transfer

NEFT is the nationwide system operated by the Reserve Bank of India for transferring funds from one bank account to another, settled on a deferred net basis in half hourly batches and available on all days of the year since December 2019.

Q5299.Awards & HonoursEasy

National Sports Day, around which the national sports awards are conferred, is observed on 29 August as the birth anniversary of:

  1. A.Major Dhyan Chand
  2. B.Sachin Tendulkar
  3. C.P. T. Usha
  4. D.Vishwanathan Anand
Show answer
Correct answer: A. Major Dhyan Chand

National Sports Day is observed on 29 August, the birth anniversary of the hockey player Major Dhyan Chand, who was part of the Indian teams that won Olympic gold in 1928, 1932 and 1936, and the national sports awards are conferred around this day.

Q5300.Awards & HonoursHard

The Shanti Swarup Bhatnagar Prize, India's best known award for science, is given by which body?

  1. A.Indian National Science Academy
  2. B.Council of Scientific and Industrial Research
  3. C.Department of Science and Technology
  4. D.Indian Space Research Organisation
Show answer
Correct answer: B. Council of Scientific and Industrial Research

The prize is named after Shanti Swarup Bhatnagar, the first Director General of the Council, and is given by the Council to scientists working in India, usually announced around its foundation day on 26 September.