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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

Q6601.Science & TechnologyMedium

How much support has the Technology Development Board agreed to give GalaxEye under the RDI Fund?

  1. A.Rs 36.48 crore
  2. B.Rs 63.84 crore
  3. C.Rs 84.63 crore
  4. D.Rs 127.50 crore
Show answer
Correct answer: B. Rs 63.84 crore

Keep it apart from the other money figure in the same announcement, the total approved cost of the project, which is far larger; a question will often place the two side by side to see whether a candidate has confused the support with the whole outlay.

Q6602.InternationalHard

Which country's government co-hosted the launch of the OneSCD partnership with India?

  1. A.Nigeria
  2. B.Kenya
  3. C.Ghana
  4. D.South Africa
Show answer
Correct answer: A. Nigeria

OneSCD, described as a global partnership to advance equity and transform sickle cell care, was launched with the Government of Nigeria among its partners, along with the World Health Organization, UNICEF, Africa CDC, the World Coalition on Sickle Cell Disease and St. Jude Children's Research Hospital.

Q6604.InternationalMedium

How many teleconsultations has e-Sanjeevani facilitated, according to India's statement at UNGA81?

  1. A.297 million
  2. B.397 million
  3. C.497 million
  4. D.597 million
Show answer
Correct answer: C. 497 million

The Union Health Secretary cited this figure as proof that technology is closing the distance between a patient in a remote area and a doctor, and she placed it beside the other digital health number from the same speech, namely that over 900 million citizens now hold a unique health…

Q6606.EconomyEasy

Which two prices were edible oil companies asked to revise immediately after the duty cut?

  1. A.Minimum Support Price and Fair and Remunerative Price
  2. B.Price to Distributors and Maximum Retail Price
  3. C.Wholesale Price Index and Consumer Price Index
  4. D.Issue Price and Central Issue Price
Show answer
Correct answer: B. Price to Distributors and Maximum Retail Price

The advisory issued to the edible oil associations and other industry stakeholders asks them to bring both of these down in step with the lower landed cost, and to advise member firms to act without delay, so that the gain from the tariff cut is not retained in the supply…

Q6607.EconomyMedium

Which ministry announced the reduction in import duty on major edible oils?

  1. A.Ministry of Finance
  2. B.Ministry of Commerce and Industry
  3. C.Ministry of Agriculture and Farmers Welfare
  4. D.Ministry of Consumer Affairs, Food and Public Distribution
Show answer
Correct answer: D. Ministry of Consumer Affairs, Food and Public Distribution

The reason it and not another ministry speaks here is that the stated purpose of the step is to moderate retail prices of cooking oil and to shield the household budget from imported inflation, which falls squarely within the consumer affairs and food distribution mandate.

Q6610.Indian EconomyAsked in: Rajasthan · RPSC RAS Pre, 2 Feb 2025Medium

Which of the following is not associated with financial sector reforms in India initiated after 1991?

  1. A.Capital adequacy
  2. B.Non-performing assets
  3. C.FRBM Act (Fiscal Responsibility and Budget Management)
  4. D.SARFAESI Act
Show answer
Correct answer: C. FRBM Act (Fiscal Responsibility and Budget Management)

The Fiscal Responsibility and Budget Management Act, 2003 is a fiscal reform: it binds the Union government to cut its fiscal and revenue deficits and to report on its borrowing.

Q6611.Indian EconomyAsked in: Rajasthan · RPSC RAS Pre, 1 Oct 2023Easy

Consider the following statements regarding inflation:

Statement (A): Head-line inflation refers to the rate of change in the Consumer Price Index Number, a measure of the average price of a standard basket of goods and services consumed by a typical family.

Statement (B): Core inflation measures the change in average consumer prices after excluding from the Consumer Price Index certain items of volatile prices such as food and fuel.

Of these statements,

  1. A.Neither (A) nor (B) is correct.
  2. B.Both (A) and (B) are correct.
  3. C.Only (B) is correct.
  4. D.Only (A) is correct.
Show answer
Correct answer: B. Both (A) and (B) are correct.

Headline inflation is the change in the overall Consumer Price Index, which tracks the average price of a fixed basket of goods and services bought by a typical household, including food, fuel, clothing, housing and services.

Q6612.Indian EconomyAsked in: Madhya Pradesh · MPPSC Pre GS, 16 Feb 2025Easy

What is the main objective of monetary policy?

  1. A.To increase government expenditure
  2. B.To maintain price stability and ensure economic growth
  3. C.To reduce the fiscal deficit
  4. D.To control foreign exchange reserves
Show answer
Correct answer: B. To maintain price stability and ensure economic growth

Monetary policy is run by the central bank, the Reserve Bank of India, which controls the supply and the cost of money in the economy.

Q6613.Indian EconomyAsked in: Madhya Pradesh · MPPSC Pre GS, 17 Dec 2023Medium

Who was the Chairman of the Twelfth Finance Commission?

  1. A.A. M. Khusro
  2. B.Dr. C. Rangarajan
  3. C.Dr. Vijay Kelkar
  4. D.Y. V. Reddy
Show answer
Correct answer: B. Dr. C. Rangarajan

The Twelfth Finance Commission, set up in 2002, was headed by Dr. C. Rangarajan, a former Governor of the Reserve Bank of India, and its award covered the five years 2005–10.

Q6615.Indian EconomyAsked in: Haryana · HSSC CET Group C, 6 Nov 2022, Shift 2Easy

'Maharatna', 'Navratna' and 'Miniratna' are classifications of what in India?

  1. A.Special Economic Zones
  2. B.Civilian awards
  3. C.Public sector undertakings
  4. D.Mineral-rich areas
Show answer
Correct answer: C. Public sector undertakings

Maharatna, Navratna and Miniratna are status tags that the Government of India gives to central public sector enterprises on the basis of their size, profits and performance.

Q6616.Indian EconomyAsked in: Haryana · HPSC HCS Prelims GS, 12 Sep 2021Easy

A proportion of the total deposits and reserves of the commercial banks is to be kept with the central bank (RBI). Which one of the following represents this proportion?

  1. A.Statutory Liquidity Ratio
  2. B.Cash Reserve Ratio
  3. C.Minimum Reserve System
  4. D.Reverse Repo Rate
Show answer
Correct answer: B. Cash Reserve Ratio

The Cash Reserve Ratio (CRR) is the share of a bank's deposits that it must keep with the Reserve Bank of India in cash, and the bank earns no interest on this money.

Q6617.Indian EconomyAsked in: Haryana · HSSC CET Group C, 5 Nov 2022, Shift 2Easy

Which of the following is generally not considered a result of globalisation?

  1. A.Foreign direct investment
  2. B.Multilateral trade agreements
  3. C.Outsourcing
  4. D.Tariff barriers
Show answer
Correct answer: D. Tariff barriers

Globalisation means the growing integration of countries through trade, investment, technology and the movement of people, and it works by lowering barriers to trade, not by raising them.

Q6619.Computer AwarenessAsked in: RRB JE · CBT-2 (Civil), 22 Apr 2025, Shift 1Easy

What is the primary function of a computer firewall?

  1. A.To speed up internet connectivity
  2. B.To prevent unauthorised access to a private network
  3. C.To detect and remove computer viruses
  4. D.To store user passwords securely
Show answer
Correct answer: B. To prevent unauthorised access to a private network

A firewall stands between a trusted private network and an untrusted one such as the internet, and checks the data going in and out.