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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

Q6901.Summits & ConferencesMedium

What is the theme of the World Circular Economy Forum 2026 held at Gandhinagar?

  1. A.Circular Economy: Transition for People and Prosperity
  2. B.Waste to Wealth for a Green Tomorrow
  3. C.One Earth, One Resource, One Future
  4. D.Sustainable Consumption and Responsible Production
Show answer
Correct answer: A. Circular Economy: Transition for People and Prosperity

The correct answer is Circular Economy: Transition for People and Prosperity, the theme under which the forum is being organised at Gandhinagar.

Q6902.Banking & FinanceHard

What MDR applies to UPI transactions above 2,000 rupees in essential and thin-margin sectors such as railways, telecom and insurance?

  1. A.A flat charge of 5 rupees per transaction
  2. B.0.4 per cent of the transaction value
  3. C.0.02 per cent of the transaction value
  4. D.No charge at all
Show answer
Correct answer: A. A flat charge of 5 rupees per transaction

The release explains the reasoning: a fixed amount gives cost certainty to critical public services and to businesses that work on narrow margins, which a percentage charge would not.

Q6903.Banking & FinanceMedium

Under which law has the new UPI framework been introduced?

  1. A.Banking Regulation Act, 1949
  2. B.Payment and Settlement Systems Act, 2007
  3. C.Consumer Protection Act, 2019
  4. D.Information Technology Act, 2000
Show answer
Correct answer: B. Payment and Settlement Systems Act, 2007

The framework was brought in after detailed deliberations by the UPI Steering Committee on the rates, the operational arrangements and the safeguards for consumers.

Q6907.EconomyMedium

What is the estimated value of India's total exports of goods and services during April-August 2026-27?

  1. A.345.55 billion US dollars
  2. B.399.27 billion US dollars
  3. C.459.65 billion US dollars
  4. D.215.91 billion US dollars
Show answer
Correct answer: B. 399.27 billion US dollars

The correct answer is 399.27 billion US dollars, the cumulative figure for merchandise and services exports taken together over the five months of the current financial year covered by the release.

Q6909.Reports & IndicesEasy

Which organisation conducts the Periodic Labour Force Survey?

  1. A.Reserve Bank of India
  2. B.NITI Aayog
  3. C.National Statistical Office under MoSPI
  4. D.Labour Bureau under the Ministry of Labour
Show answer
Correct answer: C. National Statistical Office under MoSPI

The bulletin describes the survey as the primary source of data on activity participation and on employment and unemployment conditions of the population.

Q6911.DefenceHard

With which body did DRDO sign a contract for SAMAR version 2.0?

  1. A.Bureau of Indian Standards
  2. B.Quality Council of India
  3. C.National Accreditation Board for Testing and Calibration Laboratories
  4. D.Society of Indian Defence Manufacturers
Show answer
Correct answer: B. Quality Council of India

DRDO signed a contract with it for the System for Advance Manufacturing Assessment and Rating, whose second version will benchmark how mature the manufacturing capability of domestic defence enterprises really is.

Q6912.DefenceMedium

How many Licensing Agreements for Transfer of Technology were handed over at VIMARSH, and to how many manufacturing partners?

  1. A.Five agreements to nine partners
  2. B.Nine agreements to 13 partners
  3. C.Thirteen agreements to nine partners
  4. D.Eleven agreements to 15 partners
Show answer
Correct answer: B. Nine agreements to 13 partners

The release records that nine Licensing Agreements for Transfer of Technology, written in short as LAToTs, were handed over to that many manufacturing partners in the presence of the Raksha Mantri, so that they may take up commercial production of the systems involved.

Q6916.EnvironmentEasy

The Soft Release Centre inaugurated in September 2026 at Naliya, Kachchh, is meant for which species?

  1. A.Asiatic lion
  2. B.Great Indian Bustard
  3. C.Indian wild ass
  4. D.Olive ridley turtle
Show answer
Correct answer: B. Great Indian Bustard

Union Environment Minister Bhupender Yadav inaugurated the Soft Release Centre for the bird at the facility in Naliya, in the Kachchh district of Gujarat, and the centre carries infrastructure meant to support conservation, monitoring and the gradual adaptation of these birds to the natural environment.

Q6919.InternationalEasy

The First Additional Protocol signed between India and MERCOSUR relates mainly to which of the following?

  1. A.Acceptance of electronic Certificates of Origin
  2. B.Removal of all tariffs on farm produce
  3. C.A common currency for bilateral trade
  4. D.Mutual recognition of academic degrees
Show answer
Correct answer: A. Acceptance of electronic Certificates of Origin

The Protocol provides that a Certificate of Origin issued in electronic form will carry the same legal validity and value as one issued on paper, provided it is issued and signed electronically by duly authorised entities and officials under each side's own domestic law.

Q6920.EconomyHard

What is the weight of the WPI Food Index, and what inflation did it record in August 2026?

  1. A.Weight 24.99 per cent, inflation 7.05 per cent
  2. B.Weight 22.93 per cent, inflation 6.65 per cent
  3. C.Weight 24.99 per cent, inflation 9.92 per cent
  4. D.Weight 18.50 per cent, inflation 7.05 per cent
Show answer
Correct answer: A. Weight 24.99 per cent, inflation 7.05 per cent

The WPI Food Index is not a major group on its own; it is built by taking Food Articles out of the Primary Articles group and the manufacture of food products out of the Manufactured Products group, and putting them together.