IBPS GK Questions 2026

The Basic Savings Bank Deposit Account replaced the earlier no-frills account as the vehicle of financial inclusion.

The list of officially valid documents in the KYC rules is closed and contains the passport, the driving licence, proof of possession of an Aadhaar number, the voter identity card issued by the Election Commission, a job card issued under MGNREGA and signed by an officer of the state government…

Know Your Customer rules exist to stop the banking system being used to launder the proceeds of crime or to finance terrorism.

A current account is meant for traders, firms and companies that need to receive and pay money many times a day.

The Netherlands keeps Amsterdam as its constitutional capital, but the seat of government, the parliament, the residence of the monarch and the supreme court are all at The Hague.

The baht is the currency of Thailand, whose capital is Bangkok. Thailand is the only country in South East Asia that was never a European colony, and it is a founder member of the grouping known as ASEAN, whose headquarters is at Jakarta.

Wellington is the capital of New Zealand and sits at the southern end of the North Island, which makes it the southernmost national capital in the world.

The Turkish lira is the money of Turkey, whose capital is Ankara, not Istanbul. Istanbul is the largest city and the only city in the world spread over two continents, Europe and Asia, divided by the Bosphorus strait, which is why students wrongly treat it as the capital.

Kuala Lumpur remains the national capital of Malaysia and the seat of its parliament, but the offices of the government and the judiciary were shifted to the planned city of Putrajaya to ease the crowding of the capital.

The taka is the currency of Bangladesh, whose capital is Dhaka. Bangladesh was created in 1971 and shares the longest land border that India has with any country, touching West Bengal, Assam, Meghalaya, Tripura and Mizoram.

Naypyidaw became the capital of Myanmar in 2006, when the government moved out of Yangon, which had been the capital under the older name Rangoon.

South Africa is the standard example of a country with three capitals. Pretoria holds the executive and the office of the President, Cape Town holds the Parliament and is therefore the legislative capital, and Bloemfontein holds the Supreme Court of Appeal and is the judicial capital.

The ngultrum is the currency of Bhutan, whose capital is Thimphu. It is pegged to the Indian rupee at par, and the Indian rupee is accepted across Bhutan, which is why the two economies are closely tied.

Canberra was planned and built as the capital of Australia because Sydney and Melbourne could not agree on which of them should hold the seat of government, and the new city was placed between them.

The yen is the money of Japan and its capital is Tokyo. It is one of the most traded currencies in the world, along with the United States dollar, the euro and the pound sterling.

MICR stands for Magnetic Ink Character Recognition, a technology in which the characters are printed in magnetic ink so that a machine can read them even if the paper is stamped or signed over.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act was passed in 2002.

The Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of the Reserve Bank of India, and it insures the deposits held in banks.

NABARD was set up in 1982 on the recommendation of the committee headed by B Sivaraman, and its head office is at Mumbai.

Under the asset classification norms of the Reserve Bank of India, a term loan becomes a Non Performing Asset when interest or an instalment of principal stays overdue for more than ninety days.