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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

Q5721.Indian EconomyAsked in: SSC GD Constable · 23 Feb, 2024, Shift 1Medium

What are the two main forms of protection used to shield domestic industries from foreign competition in an inward looking trade strategy?

  1. A.Tariffs and subsidies
  2. B.Quotas and subsidies
  3. C.Tariffs and price controls
  4. D.Tariffs and quotas
Show answer
Correct answer: D. Tariffs and quotas

An inward-looking trade strategy, better known as import substitution, was the policy India followed from the Second Five Year Plan until 1991, and it rested on two instruments.

Q5722.Indian EconomyAsked in: SSC GD Constable · 12 Feb 2019, Shift 3Easy

Which of the following is NOT a Trade Barrier?

  1. A.Subsidies
  2. B.Embargo
  3. C.Export Security
  4. D.Tariff Barriers
Show answer
Correct answer: C. Export Security

Export security is not a recognised category of trade barrier; it is not a device that restricts the movement of goods across a border.

Q5723.Indian EconomyAsked in: SSC CGL · 06 Dec 2022, Shift 3Easy

The Balance of Payment Account of an economy is related to the ________.

  1. A.agriculture sector
  2. B.external sector
  3. C.government sector
  4. D.private sector
Show answer
Correct answer: B. external sector

The balance of payments is the statement that records every economic transaction between the residents of a country and the rest of the world in a given period, which is precisely what the external sector of an economy means; it covers merchandise trade, services, income, transfers and capital flows.

Q5724.Awards & HonoursAsked in: SSC CGL · 01 Dec 2022, Shift 1Medium

Who among the following composers won the Grammy in 2015 for his album 'Winds of Samsara' – a collaboration with South African flautist Wouter Kellerman?

  1. A.Mano Murthy
  2. B.Raghu Dixit
  3. C.Subhashish Ghosh
  4. D.Ricky Kej
Show answer
Correct answer: D. Ricky Kej

Ricky Kej won the Grammy for Best New Age Album at the 57th Grammy Awards in 2015 for Winds of Samsara, made with the South African flautist Wouter Kellerman.

Q5728.InternationalMedium

Which India-France agreement, discussed at the meeting, decides whether a degree earned in one country is accepted in the other?

  1. A.Mutual Recognition of Qualifications Agreement
  2. B.Comprehensive Economic Partnership Agreement
  3. C.Migration and Mobility Partnership Treaty
  4. D.Strategic Space Cooperation Accord
Show answer
Correct answer: A. Mutual Recognition of Qualifications Agreement

A revision of this agreement between India and France is currently under way and the two ministers took it up during their talks.

Q5729.InternationalMedium

French higher educational institutions were invited to open branch campuses in India, including at which location named in the talks?

  1. A.GIFT City, Gujarat
  2. B.Amaravati, Andhra Pradesh
  3. C.Navi Mumbai, Maharashtra
  4. D.Greater Noida, Uttar Pradesh
Show answer
Correct answer: A. GIFT City, Gujarat

During the bilateral meeting, French institutions were asked to look at opening branch campuses in India, and that financial and business hub was named as one suitable location.

Q5730.InternationalMedium

Which portfolio does Philippe Baptiste, who held bilateral talks in New Delhi, hold in the French government?

  1. A.Foreign Affairs and Trade
  2. B.Higher Education, Research and Space
  3. C.Culture and Heritage
  4. D.Defence and Armed Forces
Show answer
Correct answer: B. Higher Education, Research and Space

Philippe Baptiste holds that combined portfolio in France, which is why his talks in New Delhi with the Union Minister for Education covered universities, research collaboration and innovation together.

Q5731.NationalMedium

Which of the following organisations will NOT be represented on the Steel Industry Safety Council as announced?

  1. A.Directorate General of Mines Safety
  2. B.Petroleum and Explosives Safety Organisation
  3. C.Securities and Exchange Board of India
  4. D.National Disaster Management Authority
Show answer
Correct answer: C. Securities and Exchange Board of India

That body regulates the securities market and has nothing to do with industrial safety in steel plants, so it does not figure in the composition of the new Council.

Q5732.NationalEasy

Which new body will provide technical and professional support to the Steel Industry Safety Council?

  1. A.Steel Industry Safety Directorate
  2. B.National Steel Safety Mission
  3. C.Bureau of Steel Safety Standards
  4. D.Steel Plant Inspection Authority
Show answer
Correct answer: A. Steel Industry Safety Directorate

It is being established alongside the Council to supply technical and professional expertise in areas such as process safety, blast furnaces, steel melting, rolling mills, coke ovens, refractory systems, electrical and mechanical safety, occupational health, fire engineering and disaster management.

Q5733.NationalMedium

Who will be the Chairman of the newly announced Steel Industry Safety Council?

  1. A.The Union Minister of Steel
  2. B.The Secretary, Ministry of Steel
  3. C.The Director General of Mines Safety
  4. D.The Chairman of the National Disaster Management Authority
Show answer
Correct answer: B. The Secretary, Ministry of Steel

The Council has been placed under the administrative control of the Ministry of Steel and its Secretary has been made its Chairman, with senior officers of the Ministry and the chief executives of integrated steel producers sitting as members.

Q5734.EconomyMedium

According to the preliminary scrutiny of documents, how much smuggled gold had the syndicate already moved through courier channels in nine months?

  1. A.About 318 kg worth about Rs 475 crore
  2. B.About 118 kg worth about Rs 160 crore
  3. C.About 640 kg worth about Rs 900 crore
  4. D.About 45 kg worth about Rs 70 crore
Show answer
Correct answer: A. About 318 kg worth about Rs 475 crore

Documents examined after the arrests showed that this quantity of smuggled gold had already been carried and delivered through the same courier-based network during nine months of the current calendar year, which is what revealed the true size of the operation.

Q5735.EconomyMedium

How much foreign-origin gold was seized in the operation, and what was its approximate value?

  1. A.3.25 kg worth about Rs 5.10 crore
  2. B.6.61 kg worth about Rs 10.36 crore
  3. C.12.40 kg worth about Rs 18.75 crore
  4. D.18.20 kg worth about Rs 29.50 crore
Show answer
Correct answer: B. 6.61 kg worth about Rs 10.36 crore

That quantity of foreign-origin gold, all of it in bar form, was recovered from the courier consignments that were intercepted during the coordinated operation, and it was seized under the relevant provisions of the customs law.

Q5736.EconomyEasy

Which agency busted the pan-India gold smuggling syndicate that used courier consignments to move foreign-origin gold?

  1. A.Enforcement Directorate
  2. B.Directorate of Revenue Intelligence
  3. C.Central Bureau of Investigation
  4. D.National Investigation Agency
Show answer
Correct answer: B. Directorate of Revenue Intelligence

It was DRI that acted on intelligence about gold crossing the India-Bangladesh border, intercepted the courier parcels in several cities and seized the metal under the customs law.

Q5740.Banking & Financial AwarenessAsked in: SSC MTS · 13 Sept, 2023, Shift 3Easy

Which of the following is a feature of Micro Finance Institutions?

  1. A.Financial service to government employees
  2. B.Finance service to Union ministers
  3. C.Financial service to corporate
  4. D.Financial service to disadvantaged people
Show answer
Correct answer: D. Financial service to disadvantaged people

A microfinance institution exists to lend small sums to poor and low-income people who cannot offer the security an ordinary bank asks for.