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

Q623.Banking & Financial AwarenessAsked in: CDS · CDS-I 2018, GKHard

Which of the following statements about the India Post Payments Bank (IPPB) is/are correct? 1. It has been incorporated as a Public Limited Company. 2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi. Select the correct answer using the code given below.

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: A. 1 only

IPPB was incorporated as a public limited company, but its two pilot branches opened at Raipur and Ranchi, not at Hyderabad and Varanasi.

Q625.InternationalEasy

How did the Vice-President describe the proposed India-EU Free Trade Agreement?

  1. A.The deal of the century
  2. B.Mother of all deals
  3. C.The bridge of two continents
  4. D.The partnership of equals
Show answer
Correct answer: B. Mother of all deals

The Vice-President used this phrase for the proposed Free Trade Agreement between India and the European Union, expressed the hope that it would be signed within this year, and asked the visiting members for the support of the European Parliament in bringing it to completion.

Q626.InternationalMedium

Which committee of the European Parliament sent the delegation received by the Vice-President of India?

  1. A.Committee on International Trade
  2. B.Committee on Foreign Affairs (AFET)
  3. C.Committee on Budgets
  4. D.Committee on Industry, Research and Energy
Show answer
Correct answer: B. Committee on Foreign Affairs (AFET)

Its delegation, led by Mr David McAllister, was received by the Vice-President and Rajya Sabha Chairman at Parliament House in New Delhi, and the talk ranged over trade, technology, research and the broader partnership between India and the European Union.

Q631.Government SchemesMedium

Atal Vayo Abhyuday Yojana subsumed and expanded which earlier plan?

  1. A.National Action Plan for Senior Citizens
  2. B.National Social Assistance Programme
  3. C.National Policy on Older Persons
  4. D.Indira Gandhi National Old Age Pension Scheme
Show answer
Correct answer: A. National Action Plan for Senior Citizens

Atal Vayo Abhyuday Yojana was launched in 2021 and it took in that earlier plan, widened its scope and brought a number of separate measures for older persons under a single umbrella scheme of the Ministry of Social Justice and Empowerment.

Q632.Government SchemesEasy

How much grant-in-aid has the Centre released to 755 projects under the Integrated Programme for Senior Citizens?

  1. A.Rs 55.98 crore
  2. B.Rs 77.98 crore
  3. C.Rs 97.78 crore
  4. D.Rs 107.98 crore
Show answer
Correct answer: B. Rs 77.98 crore

This amount has been released as grant-in-aid to 755 projects running under the Integrated Programme for Senior Citizens, which is a component of the Atal Vayo Abhyuday Yojana, and it covers the quarter that ended on 30 September 2026 in the financial year 2026-27.

Q633.NationalMedium

Under which ministry does the National Pharmaceutical Pricing Authority function?

  1. A.Ministry of Health and Family Welfare
  2. B.Ministry of Consumer Affairs, Food and Public Distribution
  3. C.Ministry of Chemicals and Fertilizers
  4. D.Ministry of Commerce and Industry
Show answer
Correct answer: C. Ministry of Chemicals and Fertilizers

NPPA works under the Department of Pharmaceuticals, which is one of the departments of that ministry, and it is the body that fixed the revised maximum retail prices for anti-cancer medicine brands effective from 9 November 2026.

Q636.EconomyMedium

For applicants approved under Round 4, the tenure of the PLI Scheme for Textiles has been extended up to which financial year?

  1. A.2029-30
  2. B.2030-31
  3. C.2031-32
  4. D.2033-34
Show answer
Correct answer: D. 2033-34

The extension is deliberately limited to companies approved under Round 4, and the reason given is practical: a manufacturer entering now needs a longer investment and operational horizon to build a plant and then scale up its capacity, which a shorter tenure would not allow.

Q637.EconomyMedium

The application portal for Round 4 of the PLI Scheme for Textiles will remain open during which period?

  1. A.1 October to 30 November 2026
  2. B.1 November to 31 December 2026
  3. C.1 December 2026 to 31 January 2027
  4. D.1 November 2026 to 31 March 2027
Show answer
Correct answer: B. 1 November to 31 December 2026

The Ministry of Textiles has set a two-month window in which the online portal will accept fresh applications under Round 4, and eligible companies have been asked to apply within that period in keeping with the scheme guidelines.

Q639.EnvironmentMedium

At the side event, the Union Environment Minister described which instrument as the basis for fair and equitable sharing of benefits from the use of genetic resources?

  1. A.The Cartagena Protocol
  2. B.The Nagoya Protocol
  3. C.The Kunming-Montreal Global Biodiversity Framework
  4. D.The Paris Agreement
Show answer
Correct answer: B. The Nagoya Protocol

Speaking on Access and Benefit Sharing, the minister said this protocol provides the basis for sharing fairly and equitably the benefits that arise when genetic resources are used, and he pressed for the principle to be converted into procedures that are workable, transparent and equitable.

Q640.EnvironmentMedium

Which of the following was NOT among the four publications India released at the CBD COP-17 side event?

  1. A.Guidelines for the Designation of India's Other Effective Area-Based Conservation Measures
  2. B.The 5th National Report on the Cartagena Protocol on Biosafety
  3. C.India State of Forest Report
  4. D.India's ABS Success Story
Show answer
Correct answer: C. India State of Forest Report

The four publications brought out at the side event were the guidelines for designating India's Other Effective Area-Based Conservation Measures, which let conservation outside formal protected areas be recognised; the fifth national report under the Cartagena Protocol on Biosafety, which is India's periodic account of biosafety governance; a handbook on…