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.
Who wrote the autobiography The Story of My Experiments with Truth?
He wrote the book in Gujarati under the title Satya Na Prayogo, publishing it in parts in his journal, and Mahadev Desai translated it into English.
Read the full explanation →Which of the following statements about NITI Aayog is correct?
NITI Aayog advises the Union and the state governments, prepares strategy, monitors programmes and acts as a forum for the states, but no money passes through it; that is the sharpest difference from the Planning Commission it replaced.
Read the full explanation →The Atal Innovation Mission is an initiative of which body?
The mission promotes a culture of innovation and enterprise, chiefly through tinkering laboratories in schools and incubation centres in colleges and institutions, and it is run under NITI Aayog as part of its role as the government think tank.
Read the full explanation →Which was the last of the Five Year Plans in India?
It ran from 2012 to 2017 with the aim of faster, more inclusive and sustainable growth, and when it ended no thirteenth plan followed, because NITI Aayog had replaced the Planning Commission and put a long-term vision with a shorter action agenda in place of five year plans.
Read the full explanation →The National Development Council was constituted in which year?
The National Development Council was set up on 6 August 1952 by an executive resolution so that the states could take part in national planning; chaired by the Prime Minister, it included the chief ministers and the members of the Planning Commission, and it gave a plan its final approval…
Read the full explanation →The book Planned Economy for India, published in 1934, was written by
The engineer and statesman set out a ten year programme to move labour from agriculture into industry, and his book of 1934 is treated as the first systematic proposal for planning in India.
Read the full explanation →The Governing Council of NITI Aayog consists of the Prime Minister and
The Governing Council brings together the Prime Minister, the chief ministers of all the states, the chief ministers of union territories that have legislatures and the lieutenant governors of the remaining union territories, so that the Union and the states can settle priorities in one room.
Read the full explanation →Who is the chairperson of NITI Aayog?
The office of Prime Minister carries the chairmanship of NITI Aayog, exactly as it carried the chairmanship of the Planning Commission before 2015 and as it carries the chairmanship of the Governing Council and of the National Development Council.
Read the full explanation →The slogan Garibi Hatao, the removal of poverty, is associated with which Five Year Plan?
Running from 1974 to 1979, it took the removal of poverty and the attainment of self-reliance as its twin objectives, and it is remembered by the slogan Garibi Hatao.
Read the full explanation →The plan holiday in Indian planning was declared after the failure of which Five Year Plan?
The plan of 1961 to 1966 was overwhelmed by the war with China in 1962, the war with Pakistan in 1965 and a severe drought, so instead of a new five year plan the government ran three annual plans from 1966 to 1969, a stretch called the plan holiday.
Read the full explanation →The Second Five Year Plan of India was based on the model given by
The statistician who founded the Indian Statistical Institute gave the Second Plan its framework, in which investment was directed towards heavy and basic industries such as steel, machinery and power on the argument that they would build the capacity to produce everything else.
Read the full explanation →NITI Aayog came into existence on which date?
On that date a cabinet resolution created the National Institution for Transforming India in place of the Planning Commission, keeping the Prime Minister as the head of the new body but changing its work from allocating funds to advising governments.
Read the full explanation →The Planning Commission of India was set up in which year?
The Planning Commission was constituted on 15 March 1950 by a resolution of the Union Cabinet, with the Prime Minister as its chairman, and it drafted every Five Year Plan until it was replaced in 2015.
Read the full explanation →Who was the first Chief Election Commissioner of India?
The correct answer is A, Sukumar Sen, an officer of the Indian Civil Service who was appointed the first Chief Election Commissioner and conducted the first general elections to the Lok Sabha and the state assemblies, an exercise held on a scale never attempted before anywhere.
Read the full explanation →Who was the first Indian woman to reach the summit of Mount Everest?
The correct answer is B, Bachendri Pal, who stood on the summit in 1984 as a member of an Indian expedition and became the first Indian woman to climb the world's highest peak.
Read the full explanation →Who was the first Field Marshal of the Indian Army?
The correct answer is B, Sam Manekshaw, who led the Indian Army as Chief of the Army Staff during the war of 1971 and was the first officer raised to the five-star rank of Field Marshal.
Read the full explanation →India's first individual gold medal at the Olympic Games was won by which sportsperson?
India had won gold before that only in team hockey, so this was the first individual gold in the country's Olympic history.
Read the full explanation →Who was the first Indian woman to preside over a session of the Indian National Congress?
She later became the first woman Governor of an Indian state, of Uttar Pradesh.
Read the full explanation →Who was the first Indian to be selected for the Indian Civil Service?
The correct answer is A, Satyendranath Tagore, the elder brother of Rabindranath Tagore, who qualified in 1863 and became the first Indian member of the Indian Civil Service at a time when the examination was held only in England.
Read the full explanation →Who was the first recipient of the Param Vir Chakra, India's highest wartime gallantry award?
He was decorated after his death for the action at Badgam in which his company held back the advance on the Srinagar airfield in November 1947, and his is the first name on the roll of the Param Vir Chakra.
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