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.
Operation Flood, launched in 1970, was associated with which product?
Operation Flood, launched in 1970 and led by Verghese Kurien, linked village dairy cooperatives to city markets and made India one of the world's great milk producers.
Read the full explanation →On what basis are the public sector and the private sector distinguished?
In the public sector the government owns the assets and provides the services, and the aim is public welfare rather than profit; in the private sector ownership rests with individuals or companies and profit is the motive.
Read the full explanation →The division of the economy into organised and unorganised sectors is based on what?
An enterprise belongs to the organised sector when it is registered with the government and follows labour laws, so that employment is regular and secure and workers get fixed hours, paid leave, provident fund and medical benefits.
Read the full explanation →Banking and insurance are activities of which sector?
Banking and insurance create no physical product; they support production and trade by providing credit, moving money and covering risk, and such support activities are the core of the tertiary or service sector.
Read the full explanation →Which sector employs the largest share of India's workforce?
Agriculture and its allied activities still give work to the largest number of Indians, even though the sector's contribution to national income is far smaller than that share of employment would suggest.
Read the full explanation →How many days of wage employment in a financial year does MGNREGA guarantee to a rural household?
The Mahatma Gandhi National Rural Employment Guarantee Act, passed in 2005, guarantees one hundred days of wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.
Read the full explanation →Disguised unemployment is most commonly found in which sector in India?
On a small family holding every member of the household may work on the land even though the work needs far fewer hands; if some of them were withdrawn, total output would not fall.
Read the full explanation →Which sector of the economy is also known as the service sector?
It produces no goods at all; it provides services such as transport, storage, communication, trade, banking, insurance, education, health care and administration, which is why it is commonly called the service sector.
Read the full explanation →Mining is classified under which sector of the economy?
Mining takes a product straight out of nature without changing its form, exactly as farming, fishing and forestry do, and every activity of that kind is placed in the primary sector.
Read the full explanation →Which of the following statements about India's medals at the Asian Games, as congratulated by the Prime Minister, is correct?
The Prime Minister congratulated the squad and said the medal reflects the passion and hard work of the players, adding that the entire team displayed great spirit through the competition and wishing them well for the events still ahead.
Read the full explanation →Parinaaz Dhaliwal and Anantjeet Singh Naruka won a bronze medal in which event, described as India's first ever medal in it at the Asian Games?
The Prime Minister congratulated Parinaaz Dhaliwal and Anantjeet Singh Naruka on the bronze and said their achievement marks the first ever Indian medal in this event at the Asian Games, adding that he hoped the success would inspire many more milestones.
Read the full explanation →Seema won a bronze medal for India at the Asian Games in which event?
Seema finished third in this long distance track race, and the Prime Minister said her determined performance had brought India a medal in the event after many years, describing it as a wonderful achievement reflecting endurance, discipline and years of hard work.
Read the full explanation →Which agreement between India and ASEAN is currently under review, as discussed at the Manila consultation?
Its ongoing review was the main subject at the consultation, with the stated aim of raising trade flows and correcting the asymmetries that have grown within the pact.
Read the full explanation →What was the value of India-ASEAN bilateral trade in 2025-26, as stated at the consultation?
The release states that bilateral trade between India and the ASEAN bloc reached this level in 2025-26, and that the bloc made up 10.55 per cent of total Indian trade with the world.
Read the full explanation →Where were the 14th East Asia Summit Economic Ministers Meeting and the 23rd ASEAN-India Economic Ministers Consultation held?
The Indian delegation, led by Additional Secretary in the Department of Commerce Shri Nitin Kumar Yadav, travelled to Manila for both meetings, and it was there that economic ministers or their representatives from every ASEAN member met the East Asia Summit partners.
Read the full explanation →Which body gave the Rs 75 crore grant that supports the pilot facility for PLA and co-polymers?
Its grant of Rs 75 crore supports the pilot scale research facility of 100 TPA for Polylactic Acid and advanced co-polymers that Balrampur Chini Mills will operate at Kumbhi in Uttar Pradesh.
Read the full explanation →The BioE3-supported pilot scale facility for PLA and co-polymers will be set up at Kumbhi in which state?
The pilot scale research facility of 100 TPA for Polylactic Acid and co-polymers is to be built inside the integrated manufacturing complex of Balrampur Chini Mills Limited at Kumbhi in Uttar Pradesh, while the launch event itself was held at the Department of Biotechnology in New Delhi.
Read the full explanation →What does the E3 in the BioE3 framework, under which the PLA biodegradable plastic venture was launched, stand for?
BioE3 is the government framework named Biotechnology for Economy, Environment and Employment, and the commercial launch of bio-based biodegradable plastic from Polylactic Acid by Balrampur Chini Mills has been taken forward under it.
Read the full explanation →The indigenous development of the 20 mK dilution refrigerator is aligned with which national mission?
A dilution refrigerator of the 20 mK class produces the ultra-cold millikelvin environment in which quantum computing platforms and related quantum technologies are operated and tested, so building one in India directly serves the quantum mission and strengthens capability in quantum technology, advanced cryogenics and strategic technologies.
Read the full explanation →Zero mK India Private Limited, the start-up that will develop the dilution refrigerator with DRDO, is based in which state?
The release places Zero mK India Private Limited at Alwar in Rajasthan, and the agreement itself was signed in New Delhi between the Director of the Technology Development Fund and the start-up.
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