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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

Q6263.Awards & HonoursMedium

The Academy Awards are presented every year by which organisation?

  1. A.The British Academy of Film and Television Arts
  2. B.The Academy of Motion Picture Arts and Sciences
  3. C.The Recording Academy
  4. D.The Directorate of Film Festivals
Show answer
Correct answer: B. The Academy of Motion Picture Arts and Sciences

Its members vote on the awards, the first ceremony was held in 1929 for the films of 1927 and 1928, and the golden statuette given to a winner is universally called the Oscar.

Q6265.Awards & HonoursMedium

The Palme d'Or is the highest award of which film festival?

  1. A.Berlin Film Festival
  2. B.Venice Film Festival
  3. C.Cannes Film Festival
  4. D.Toronto Film Festival
Show answer
Correct answer: C. Cannes Film Festival

Its highest award is the Palme d'Or, the Golden Palm, given to the best film of the main competition, and below it comes the Grand Prix, which Payal Kapadia's All We Imagine as Light won in 2024.

Q6268.Awards & HonoursMedium

Bhanu Athaiya won her Academy Award in which category?

  1. A.Best Actress
  2. B.Best Costume Design
  3. C.Best Original Score
  4. D.Best Documentary
Show answer
Correct answer: B. Best Costume Design

Bhanu Athaiya designed the costumes for Gandhi, the film Richard Attenborough made in 1982, and shared the Academy Award of 1983 in that category with the British designer John Mollo.

Q6270.Awards & HonoursAsked in: RRB Group D · 16 Oct 2018, Shift 3Easy

The Emmy Awards, seen in the news, are presented for excellence in which of the following fields?

  1. A.Music
  2. B.Literature
  3. C.Cinema
  4. D.Television industry
Show answer
Correct answer: D. Television industry

The Emmy awards are the American honours for work made for television, covering drama series, comedy, news and documentary programmes, and they stand in the same relation to television as the Oscars do to cinema.

Q6272.Indian EconomyEasy

Fiscal policy in India is framed and implemented by which authority?

  1. A.The Reserve Bank of India
  2. B.The Government of India through the Ministry of Finance
  3. C.The Securities and Exchange Board of India
  4. D.The Finance Commission
Show answer
Correct answer: B. The Government of India through the Ministry of Finance

Fiscal policy means the use of taxation, public expenditure and public borrowing to influence output, employment and prices, and all three instruments belong to the government and are given effect through the Union Budget.

Q6277.Indian EconomyMedium

Fiscal deficit of the government is best defined as:

  1. A.Revenue expenditure minus revenue receipts
  2. B.Total expenditure minus total receipts other than borrowings
  3. C.Total expenditure minus interest payments
  4. D.Capital expenditure minus capital receipts
Show answer
Correct answer: B. Total expenditure minus total receipts other than borrowings

Fiscal deficit is total expenditure minus total receipts other than borrowings, which means it measures exactly how much the government must borrow during the year to meet its planned spending.

Q6278.Indian EconomyEasy

Under which article of the Constitution is the Union Budget presented as the Annual Financial Statement?

  1. A.Article 110
  2. B.Article 112
  3. C.Article 114
  4. D.Article 123
Show answer
Correct answer: B. Article 112

The Constitution nowhere uses the word budget. Article 112 requires the President to cause to be laid before both Houses of Parliament, in respect of every financial year, a statement of the estimated receipts and expenditure of the Government of India, and this statement is called the Annual Financial Statement.

Q6279.Indian EconomyAsked in: SSC CGL · 20 April 2022, Shift 3Medium

The Contingency Fund of India is to be augmented from Rs. 500 crores to _________ crores through the Finance Bill as per the Union Budget 2021-22.

  1. A.Rs. 15,000
  2. B.Rs. 30,000
  3. C.Rs. 25,000
  4. D.Rs. 10,000
Show answer
Correct answer: B. Rs. 30,000

The Union Budget 2021-22 proposed raising the corpus of the Contingency Fund of India from five hundred crore rupees to thirty thousand crore rupees, and the change was carried through the Finance Bill of that year.