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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

Q5802.Banking & Financial AwarenessAsked in: SSC CPO · 16th March 2019, Shift 3Medium

The BHIM app was launched by Prime Minister Narendra Modi on:

  1. A.15 th August, 2016
  2. B.31 st October, 2016
  3. C.26 th January, 2016
  4. D.30 th December, 2016
Show answer
Correct answer: D. 30 th December, 2016

Prime Minister Narendra Modi launched the BHIM app on 30 December 2016, a few weeks after the note ban of November 2016, to push people towards digital payment.

Q5803.Indian EconomyAsked in: SSC CPO · 05 Oct, 2023, Shift 1Hard

Which of the following is NOT included in inventory investment when calculating national income?

  1. A.Change in sales during the year
  2. B.Change in stock of raw material
  3. C.Change in stock of semi-finished goods
  4. D.Change in stock of finished goods
Show answer
Correct answer: A. Change in sales during the year

Inventory investment, also called change in stock, measures the physical stock of goods a firm holds at the end of the year minus the stock it held at the start.

Q5806.Banking & Financial AwarenessAsked in: SSC CPO · 24 November 2020, Shift 1Hard

Which section of the RBI Act empowers the Central Government to supersede the RBI board and issue directions considered to be 'necessary in public interest' to the RBI, after consulting the Governor of the bank?

  1. A.Section 5
  2. B.Section 1
  3. C.Section 3
  4. D.Section 7
Show answer
Correct answer: D. Section 7

Section 7 of the Reserve Bank of India Act, 1934 lets the Central Government, after consulting the Governor, give the Reserve Bank such directions as it thinks necessary in the public interest, and it also allows the Governor and the Central Board to be superseded in that sense.

Q5807.Banking & Financial AwarenessAsked in: SSC CPO · 25 November 2020, Shift 1Easy

'The Name you can Bank Upon' is the slogan of which of the following banks?

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

The slogan The Name you can Bank Upon belongs to Punjab National Bank. PNB was set up in 1894 at Lahore and was the first Indian bank started wholly with Indian capital, with Lala Lajpat Rai among those behind it; its head office is now in New Delhi.

Q5809.Summits & ConferencesMedium

In which city does the Sadhana Shrinkhla 2026 regional workshop series begin on 29-30 September 2026?

  1. A.Guwahati
  2. B.Lucknow
  3. C.Vijayawada
  4. D.Pune
Show answer
Correct answer: C. Vijayawada

The Chief Minister of Andhra Pradesh, N. Chandrababu Naidu, graces the inaugural event in the presence of the Minister of State for Personnel, Public Grievances and Pensions, Dr Jitendra Singh, and officials and training institutes from Andhra Pradesh, Telangana, Karnataka, Odisha, Tamil Nadu, Kerala and Puducherry take part.

Q5810.Summits & ConferencesMedium

Which body is organising Sadhana Shrinkhla 2026, the series of regional consultations on training institutes?

  1. A.NITI Aayog
  2. B.Capacity Building Commission
  3. C.Union Public Service Commission
  4. D.National Skill Development Corporation
Show answer
Correct answer: B. Capacity Building Commission

The Commission is running Sadhana Shrinkhla 2026, a nationwide series of regional consultative engagements meant to carry the transformation of government Training Institutes under Mission Karmayogi into competency-driven Capacity Building Institutions.

Q5811.Government SchemesHard

On which date did the Government of India approve the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)?

  1. A.8 February 2024
  2. B.10 September 2020
  3. C.1 April 2021
  4. D.15 August 2023
Show answer
Correct answer: A. 8 February 2024

The government approved PM-MKSSY on that date as a sub-scheme meant to formalise the fisheries sector and to manage the risks its farmers carry, and the aquaculture insurance push described on 28 September 2026 is its Component 1-B. Delivery runs through the National Fisheries Digital Platform so that the incentive…

Q5813.Government SchemesMedium

Within how many days must an aquaculture insurance claim for shrimp culture be settled under PM-MKSSY?

  1. A.15 days
  2. B.30 days
  3. C.45 days
  4. D.60 days
Show answer
Correct answer: B. 30 days

The claim process begins when the insured farmer informs the insurance company of the peril and submits the documents the policy requires; the insurer then appoints a loss assessor, the damage is evaluated and payment is made on that report, with status updates shown on the insurer portal.

Q5817.Government SchemesEasy

Which ministry implements the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY)?

  1. A.Ministry of Rural Development
  2. B.Ministry of Tribal Affairs
  3. C.Ministry of Social Justice and Empowerment
  4. D.Ministry of Panchayati Raj
Show answer
Correct answer: C. Ministry of Social Justice and Empowerment

PM-AJAY is the umbrella scheme for the Scheduled Castes and it is carried out by that ministry, which handles the welfare of Scheduled Castes, backward classes, senior citizens and persons with disabilities.