Skip to content
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

Q5381.Books & AuthorsMedium

The Prince, the treatise on statecraft, was written by:

  1. A.Thomas More
  2. B.Niccolo Machiavelli
  3. C.Plato
  4. D.Adam Smith
Show answer
Correct answer: B. Niccolo Machiavelli

The correct answer is B, Niccolo Machiavelli, the Florentine diplomat whose short book advises a ruler on how power is actually gained and kept rather than how it ought to be used; his name gave English the adjective machiavellian.

Q5382.Books & AuthorsEasy

The epics Iliad and Odyssey are attributed to:

  1. A.Virgil
  2. B.Homer
  3. C.Sophocles
  4. D.Aristotle
Show answer
Correct answer: B. Homer

The correct answer is B, Homer, the Greek poet to whom both epics are traditionally credited: the Iliad on the anger of Achilles during the siege of Troy, and the Odyssey on the ten year voyage of Odysseus back to Ithaca.

Q5383.Books & AuthorsEasy

Pride and Prejudice was written by:

  1. A.Jane Austen
  2. B.Charlotte Bronte
  3. C.Emily Bronte
  4. D.Mary Shelley
Show answer
Correct answer: A. Jane Austen

The correct answer is A, Jane Austen, whose novel of the Bennet sisters, Elizabeth Bennet and Mr Darcy opens with one of the best known first lines in English; she also wrote Emma, Sense and Sensibility and Persuasion.

Q5384.Books & AuthorsMedium

Crime and Punishment was written by:

  1. A.Leo Tolstoy
  2. B.Anton Chekhov
  3. C.Fyodor Dostoevsky
  4. D.Maxim Gorky
Show answer
Correct answer: C. Fyodor Dostoevsky

The novel follows a poor student in St Petersburg who kills a pawnbroker, convinces himself that extraordinary men stand above the law, and is then broken by his own conscience; Dostoevsky also wrote The Idiot and The Brothers Karamazov.

Q5385.Books & AuthorsMedium

The Divine Comedy was composed by:

  1. A.Dante Alighieri
  2. B.Homer
  3. C.Virgil
  4. D.Geoffrey Chaucer
Show answer
Correct answer: A. Dante Alighieri

The correct answer is A, Dante Alighieri, the Italian poet of Florence whose long poem carries the narrator through hell, purgatory and paradise in three parts, and which helped make the Tuscan dialect into modern Italian.

Q5386.Books & AuthorsEasy

Animal Farm and Nineteen Eighty-Four were written by:

  1. A.Aldous Huxley
  2. B.George Orwell
  3. C.William Golding
  4. D.E. M. Forster
Show answer
Correct answer: B. George Orwell

Animal Farm is a short allegory in which farm animals overthrow their owner and the pigs take his place, and Nineteen Eighty-Four gave the language the words Big Brother, thought police and doublethink.

Q5387.Books & AuthorsMedium

The Old Man and the Sea was written by:

  1. A.John Steinbeck
  2. B.Ernest Hemingway
  3. C.F. Scott Fitzgerald
  4. D.Herman Melville
Show answer
Correct answer: B. Ernest Hemingway

The short novel tells of an ageing Cuban fisherman who hooks a giant marlin far out at sea and fights to bring it home; Hemingway also wrote A Farewell to Arms and For Whom the Bell Tolls, and he received the Nobel Prize in Literature.

Q5388.Books & AuthorsMedium

Les Miserables and The Hunchback of Notre-Dame were written by:

  1. A.Alexandre Dumas
  2. B.Gustave Flaubert
  3. C.Victor Hugo
  4. D.Jules Verne
Show answer
Correct answer: C. Victor Hugo

The correct answer is C, Victor Hugo, the French novelist, poet and dramatist whose Les Miserables follows the convict Jean Valjean through the France of the early nineteenth century, and whose The Hunchback of Notre-Dame made the cathedral of Paris a character in its own right.

Q5389.Books & AuthorsMedium

Don Quixote, often called the first modern novel, was written by:

  1. A.Miguel de Cervantes
  2. B.Dante Alighieri
  3. C.Giovanni Boccaccio
  4. D.Niccolo Machiavelli
Show answer
Correct answer: A. Miguel de Cervantes

The correct answer is A, Miguel de Cervantes, the Spanish writer whose tale of an elderly gentleman who reads too many books of chivalry, takes up a lance and rides out with his squire Sancho Panza is regarded as the first modern novel in Europe.

Q5390.Books & AuthorsEasy

The novel War and Peace was written by:

  1. A.Fyodor Dostoevsky
  2. B.Leo Tolstoy
  3. C.Maxim Gorky
  4. D.Boris Pasternak
Show answer
Correct answer: B. Leo Tolstoy

The Russian novelist set War and Peace against the invasion of Russia by Napoleon, following several families through war and peace alike, and he also wrote Anna Karenina, the other title always paired with his name.

Q5391.Indian EconomyMedium

The Multidimensional Poverty Index measures deprivation in which three dimensions?

  1. A.Income, savings and employment
  2. B.Health, education and standard of living
  3. C.Food, clothing and shelter
  4. D.Agriculture, industry and services
Show answer
Correct answer: B. Health, education and standard of living

The index counts a household as poor when it suffers deprivation in enough of the indicators grouped under these three heads, such as nutrition and child mortality under health, years of schooling and attendance under education, and cooking fuel, sanitation, drinking water, electricity, housing and assets under standard of living.

Q5392.Indian EconomyMedium

The head count ratio as a measure of poverty indicates

  1. A.How far below the poverty line the poor are
  2. B.The proportion of the population below the poverty line
  3. C.The inequality of income among the poor
  4. D.The number of people who are unemployed
Show answer
Correct answer: B. The proportion of the population below the poverty line

The head count ratio simply counts how many people fall below the line and divides that by the total population, which makes it easy to understand and easy to compare across states.

Q5393.Indian EconomyMedium

The survey that has provided annual estimates of employment and unemployment in India since 2017 is the

  1. A.Periodic Labour Force Survey
  2. B.Annual Survey of Industries
  3. C.National Family Health Survey
  4. D.Economic Census
Show answer
Correct answer: A. Periodic Labour Force Survey

Begun in 2017, it replaced the five-yearly employment and unemployment surveys and gives annual estimates for rural and urban areas together along with more frequent estimates for urban areas, using the usual status and current weekly status measures.

Q5394.Indian EconomyHard

Which measure of employment records a person's activity for each half day of the reference week and therefore captures the highest unemployment?

  1. A.Usual status
  2. B.Current weekly status
  3. C.Current daily status
  4. D.Principal status
Show answer
Correct answer: C. Current daily status

This measure notes what the person did in each half day of the seven days before the survey, so every day of idleness is counted; because it picks up short spells that the longer reference periods miss, it yields the highest estimate of unemployment of the three.

Q5395.Indian EconomyEasy

Unemployment that arises because work is available only in certain months of the year is called

  1. A.Seasonal unemployment
  2. B.Structural unemployment
  3. C.Disguised unemployment
  4. D.Educated unemployment
Show answer
Correct answer: A. Seasonal unemployment

Agriculture needs labour at sowing, transplanting and harvest and very little in between, and industries tied to a crop, such as sugar mills and rice mills, work only for part of the year, so the workers attached to them are idle for the remaining months.

Q5396.Indian EconomyMedium

The calorie norm originally used to draw the rural poverty line in India was

  1. A.2,100 calories per person per day
  2. B.2,400 calories per person per day
  3. C.1,800 calories per person per day
  4. D.3,000 calories per person per day
Show answer
Correct answer: B. 2,400 calories per person per day

The task force of 1979 fixed the rural line at the consumption expenditure needed to obtain 2,400 calories a day, on the ground that rural work involves more physical labour.

Q5397.Indian EconomyMedium

The expert group that in 2009 recommended dropping the calorie norm as the anchor of the poverty line was headed by

  1. A.D. T. Lakdawala
  2. B.Suresh Tendulkar
  3. C.C. Rangarajan
  4. D.Y. K. Alagh
Show answer
Correct answer: B. Suresh Tendulkar

The Tendulkar expert group reported in 2009, moved away from the calorie anchor, used a mixed reference period for consumption and brought private spending on health and education into the basket, which raised the estimated share of the poor.

Q5398.Indian EconomyEasy

Under the Mahatma Gandhi National Rural Employment Guarantee Act, how many days of wage employment are guaranteed to a rural household in a financial year?

  1. A.50
  2. B.75
  3. C.100
  4. D.150
Show answer
Correct answer: C. 100

The Act, passed in 2005, gives every rural household whose adult members volunteer to do unskilled manual work a legal right to one hundred days of wage employment in a financial year, and if work is not provided within the prescribed period the applicant becomes entitled to an unemployment allowance.

Q5399.Indian EconomyEasy

A situation in which more workers are engaged in a job than are actually required, so that withdrawing some of them does not reduce output, is called

  1. A.Frictional unemployment
  2. B.Disguised unemployment
  3. C.Cyclical unemployment
  4. D.Structural unemployment
Show answer
Correct answer: B. Disguised unemployment

Here the extra workers appear to be employed but their marginal contribution to output is close to zero, which is why the condition is called disguised or hidden; the classic Indian example is a family farm on which several members work a plot that two could manage.

Q5400.Indian EconomyAsked in: SSC GD Constable · 16 Jan 2023, Shift 4Medium

What is the term used for people who regularly move in and out of the poverty line?

  1. A.Occasionally poor
  2. B.Usually Poor
  3. C.Chronic poor
  4. D.Churning poor
Show answer
Correct answer: D. Churning poor

In the standard classification the churning poor are those whose consumption crosses the poverty line and falls back below it again and again, the typical cases being small and marginal farmers and casual labourers whose earnings depend on the season.