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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

Q6801.Indian EconomyAsked in: SSC CGL · 26 Jul 2023, Shift 3Medium

Which of the following is an example of revenue receipt of the government?

  1. A.Receipts from sale of shares of public sector companies
  2. B.Recovery of loans
  3. C.GST collected by the government
  4. D.Borrowings from public
Show answer
Correct answer: C. GST collected by the government

A revenue receipt is money the government gets without creating a liability for itself or selling off an asset; tax collections such as GST, income tax and excise, and non-tax income such as interest, dividends and fees, all fall in this class.

Q6802.Indian EconomyAsked in: SSC CGL · 26 Jul 2023, Shift 2Medium

Under Statutory liquidity ratio, commercial banks are required to keep a fraction of __________ in form of liquid assets.

  1. A.Current deposits
  2. B.Total demand and term deposits
  3. C.Term deposits
  4. D.Saving deposits
Show answer
Correct answer: B. Total demand and term deposits

The Statutory Liquidity Ratio, or SLR, is the share of a bank's net demand and time liabilities, that is, all its demand deposits and term deposits taken together, that it must hold in liquid assets such as cash, gold or approved government securities.

Q6804.Indian EconomyAsked in: SSC CGL · 13 Dec 2022, Shift 4Medium

_____ are known as narrow money.

  1. A.M1 and M2
  2. B.M2 and M4
  3. C.M3 and M2
  4. D.M1 and M4
Show answer
Correct answer: A. M1 and M2

The Reserve Bank of India measures money supply in four grades, M1 to M4, in decreasing order of liquidity. M1 is currency with the public plus demand deposits of banks plus other deposits with the RBI, and M2 is M1 plus savings deposits with post offices.

Q6807.Indian EconomyAsked in: RRB NTPC · 16 Jun 2022, Shift 3 (CBT 2, Level 2)Medium

________ refer to central bank purchases or sales of government securities in order to expand or contract money in the banking system and influence interest rates.

  1. A.National market operations
  2. B.Closed market operations
  3. C.Open market operations
  4. D.International market operations
Show answer
Correct answer: C. Open market operations

Open market operations, or OMO, are the buying and selling of government securities by the central bank in the open market to control the money supply.

Q6809.Indian EconomyAsked in: RRB NTPC · 4 Jan 2021, Shift 2 (CBT 1)Easy

When was Reserve Bank of India established?

  1. A.April 1948
  2. B.April 1935
  3. C.April 1945
  4. D.April 1936
Show answer
Correct answer: B. April 1935

The Reserve Bank of India started working on 1 April 1935 under the Reserve Bank of India Act, 1934, following the recommendation of the Hilton Young Commission of 1926.

Q6810.NationalEasy

In her convocation address, the President referred to the national goal of building a Viksit Bharat by which year?

  1. A.2030
  2. B.2035
  3. C.2040
  4. D.2047
Show answer
Correct answer: D. 2047

The President said the country is moving ahead with the national goal of building a developed India by that year, a hundred years after independence, and described what such a country would look like: quality education and healthcare reaching everyone, science and technology used for human welfare, equality of opportunity…

Q6812.NationalEasy

Who graced the 75th annual convocation ceremony of the Maharaja Sayajirao University of Baroda?

  1. A.The Prime Minister
  2. B.The President of India
  3. C.The Vice-President
  4. D.The Union Education Minister
Show answer
Correct answer: B. The President of India

She attended the 75th annual convocation ceremony of the Maharaja Sayajirao University of Baroda at Vadodara in Gujarat and addressed the graduating students, telling them that education will be meaningful only if the country and society benefit from it.

Q6815.Government SchemesEasy

MY Bharat, which has crossed 3 crore registered youth, is a platform of which ministry?

  1. A.Ministry of Education
  2. B.Ministry of Youth Affairs and Sports
  3. C.Ministry of Skill Development and Entrepreneurship
  4. D.Ministry of Women and Child Development
Show answer
Correct answer: B. Ministry of Youth Affairs and Sports

Mera Yuva Bharat, or MY Bharat, is the national youth engagement platform of the Department of Youth Affairs within that ministry, and it has now gone past 3 crore registered youth in under three years.

Q6816.Science & TechnologyHard

The TDB support to Ubifly Technologies is being provided through which financial instrument?

  1. A.An interest-free outright grant
  2. B.Sovereign green bonds
  3. C.Optionally Convertible Debentures
  4. D.A viability gap funding subsidy
Show answer
Correct answer: C. Optionally Convertible Debentures

The Technology Development Board is routing its support to Ubifly Technologies through this instrument, which is a form of debt that the holder has the option of converting into equity shares of the company after an agreed period.

Q6817.Science & TechnologyMedium

The e200X being developed by Ubifly Technologies is which kind of aircraft?

  1. A.A two-seater trainer aircraft powered by a piston engine
  2. B.A three-seater zero-emission advanced air mobility aircraft
  3. C.An unmanned cargo drone with no pilot on board
  4. D.A regional turboprop airliner for sixty passengers
Show answer
Correct answer: B. A three-seater zero-emission advanced air mobility aircraft

The release describes the e200X as configured for one pilot and two passengers, with a targeted range of 110 km and an ideal speed of 160 kmph, and with a landing gear built for both conventional and vertical landing so that it can operate out of relatively small spaces.

Q6818.Science & TechnologyEasy

How much support has the Technology Development Board approved for Ubifly Technologies under the RDI Fund?

  1. A.Rs 150 crore
  2. B.Rs 285 crore
  3. C.Rs 570 crore
  4. D.Rs 1,000 crore
Show answer
Correct answer: B. Rs 285 crore

The Technology Development Board, which functions under the Department of Science and Technology, approved that amount for Ubifly Technologies Private Limited of Chennai out of the Research Development and Innovation Fund, for its indigenous ePlane advanced air mobility solution.

Q6820.SportsMedium

Mirabai Chanu won a silver medal in which event?

  1. A.Women's 45 kg weightlifting
  2. B.Women's 49 kg weightlifting
  3. C.Women's 55 kg weightlifting
  4. D.Women's skeet individual
Show answer
Correct answer: B. Women's 49 kg weightlifting

The Prime Minister congratulated Mirabai Chanu on winning the silver medal in that category, saying her determination and consistency continue to inspire the nation and that India is proud of her.