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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

Q962.BiharHard

The Contingency Fund of a State, from which the Chief Minister can meet unforeseen expenditure, is provided by which Article?

  1. A.Article 199
  2. B.Article 203
  3. C.Article 267(2)
  4. D.Article 280
Show answer
Correct answer: C. Article 267(2)

Article 267(2) allows the legislature of a state to establish a Contingency Fund of the State by law, placed at the disposal of the Governor, from which advances can be made for unforeseen expenditure pending authorisation by the legislature, the amount being recouped later through a supplementary demand.

Q963.BiharAsked in: Delhi · 2 Dec 2020, Shift 2Easy

In India, which of the following is NOT a type of budget?

  1. A.Balanced
  2. B.Surplus
  3. C.Losses
  4. D.Reserved
Show answer
Correct answer: D. Reserved

A budget is classified by the relation between receipts and expenditure, which gives three kinds only: a balanced budget, in which estimated receipts equal estimated expenditure; a surplus budget, in which receipts exceed expenditure; and a deficit budget, in which expenditure exceeds receipts.

Q964.BiharMedium

Money withdrawn from the Consolidated Fund of Bihar after the demands for grants are voted is authorised by:

  1. A.A Finance Bill
  2. B.An Appropriation Bill
  3. C.A vote on account
  4. D.A supplementary demand
Show answer
Correct answer: B. An Appropriation Bill

Under Article 204 an Appropriation Bill is introduced after the Vidhan Sabha has voted the demands for grants, and it alone makes the withdrawal of money from the Consolidated Fund of the State lawful; no money may leave that fund except under an appropriation made by law.

Q965.BiharMedium

Under which Article of the Constitution is the annual financial statement, that is the budget, laid before the legislature of a state such as Bihar?

  1. A.Article 112
  2. B.Article 202
  3. C.Article 266
  4. D.Article 293
Show answer
Correct answer: B. Article 202

Article 202 requires the Governor to cause a statement of the estimated receipts and expenditure of the state for every financial year, called the annual financial statement, to be laid before the House or Houses of the legislature.

Q966.Indian EconomyAsked in: CDS · CDS-II 2019, GKMedium

Which one of the following statements with regard to economic models is not correct ?

  1. A.They involve simplification of complex processes.
  2. B.They represent the whole or a part of a theory.
  3. C.They can be expressed only through equations.
  4. D.They help in gaining an insight into cause and effect.
Show answer
Correct answer: C. They can be expressed only through equations.

This is false: an economic model can be stated in words, shown in diagrams or graphs, or written as equations.

Q967.Indian EconomyAsked in: CDS · CDS-I 2023, GKMedium

Which one of the following indicators is included in the National Multidimensional Poverty Index (MPI)?

  1. A.Years of schooling
  2. B.Literacy rate
  3. C.Life expectancy
  4. D.Per capita income
Show answer
Correct answer: A. Years of schooling

It is one of the two education indicators in NITI Aayog's National Multidimensional Poverty Index. The national MPI measures deprivation, not income, across three equally weighted dimensions: health, education and standard of living.

Q968.Indian EconomyAsked in: CDS · CDS-II 2023, GKMedium

Consider the following statements regarding poverty in India :

1. While determining poverty line in India, a minimum level of food requirement, clothing, footwear, fuel and light, educational and medical requirements, etc. are determined for subsistence.

2. The accepted average calorie requirement in India is 2400 calories per person per day in rural areas and 2100 calories per person per day in urban areas.

Which of the statements given above is/are correct ?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: C. Both 1 and 2

Both statements describe the standard method used to draw India's poverty line. A poverty line is the income or spending needed to meet basic needs.

Q970.Indian EconomyAsked in: CDS · CDS-II 2017, GKEasy

The monetary policy in India uses which of the following tools?

1. Bank rate

2. Open market operations

3. Public debt

4. Public revenue

Select the correct answer using the code given below.

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1 and 4 only
  4. D.1, 2, 3 and 4
Show answer
Correct answer: A. 1 and 2 only

Bank rate and open market operations are instruments of the Reserve Bank's monetary policy; public debt and public revenue belong to fiscal policy.

Q971.Indian EconomyAsked in: CDS · CDS-II 2021, GKMedium

Following the Constitution (One Hundred and First Amendment) Act, 2016, the Parliament of India enacted quite a few GST Acts in the year 2017. Which one of the following does not fall in this category ?

  1. A.The Central Goods and Services Tax Act
  2. B.The Integrated Goods and Services Tax Act
  3. C.The Goods and Services Tax (Compensation to States) Acts
  4. D.The State Goods and Services Tax Act
Show answer
Correct answer: D. The State Goods and Services Tax Act

SGST Acts are passed by each State Legislature, not by Parliament. The 101st Amendment, 2016 added Article 246A, which gives both Parliament and the State Legislatures the power to make laws on GST, and Article 279A, which created the GST Council.

Q973.Science & TechnologyMedium

Shrutlekh, demonstrated live by the Digital India BHASHINI Division at ETD-2026, performs which function?

  1. A.Digitising manuscripts and oral histories
  2. B.Real-time speech transcription with simultaneous translation
  3. C.Managing technical terminology across languages
  4. D.Collecting language contributions from citizens
Show answer
Correct answer: B. Real-time speech transcription with simultaneous translation

The live demonstration of Shrutlekh at the symposium showed speech being written down as it was spoken and translated at the same moment, a capability intended for lecture halls, research seminars, conferences and academic discussions.

Q974.Science & TechnologyMedium

According to the figures presented at ETD-2026, how many Indian languages does BHASHINI support for text?

  1. A.22
  2. B.23
  3. C.36
  4. D.35
Show answer
Correct answer: C. 36

The figures placed before the symposium were that BHASHINI supports 36 Indian languages for text, 23 Indian languages for voice and 35 international languages, that it has recorded over 10 billion cumulative AI inferences, and that its website translation plugin works on more than 800 government websites.

Q975.Science & TechnologyMedium

BHASHINI Pragati, the document translation workbench presented at ETD-2026, was developed for which body?

  1. A.Comptroller and Auditor General of India
  2. B.Election Commission of India
  3. C.NITI Aayog
  4. D.Reserve Bank of India
Show answer
Correct answer: A. Comptroller and Auditor General of India

BHASHINI Pragati is a document translation workbench that the Digital India BHASHINI Division built for the CAG, and it was put before the symposium as an example of translating structured documents, including files that run from 100 to 500 pages, with quality checks and data-security safeguards.

Q976.Science & TechnologyEasy

The 29th International Symposium on Electronic Theses and Dissertations (ETD-2026), where BHASHINI showed its multilingual AI tools, was hosted by which institution?

  1. A.IIT Bombay
  2. B.IIT Delhi
  3. C.IIT Kanpur
  4. D.IISc Bengaluru
Show answer
Correct answer: B. IIT Delhi

The 29th International Symposium on Electronic Theses and Dissertations, shortened to ETD-2026, was held at the Indian Institute of Technology Delhi from 23 to 25 October 2026, and the Digital India BHASHINI Division took part in it with a session on its multilingual artificial intelligence tools.

Q977.EconomyMedium

In which block and district is the Integrated Manufacturing Cluster of about 1,670 acres located?

  1. A.Barachatti block, Nawada district
  2. B.Dobhi block, Gaya district
  3. C.Bihta block, Patna district
  4. D.Dhobi block, Jehanabad district
Show answer
Correct answer: B. Dobhi block, Gaya district

Its location is convenient for industry because it lies close to National Highways 22 and 19 and Gaya airport is roughly 39 kilometres away, giving access to major industrial and commercial centres.

Q978.EconomyMedium

BIMCGL is a joint venture between which two bodies?

  1. A.BIADA and the National Industrial Corridor Development and Implementation Trust
  2. B.BIADA and the Bihar State Industrial Development Bank
  3. C.NICDC and the Gaya Municipal Corporation
  4. D.NITI Aayog and the Bihar Chamber of Commerce
Show answer
Correct answer: A. BIADA and the National Industrial Corridor Development and Implementation Trust

BIMCGL was incorporated on 6 January 2025 as the dedicated implementing agency for the Gaya cluster and will handle coordinated planning, infrastructure work, statutory clearances, utility connectivity and investor facilitation.

Q979.EconomyHard

How many MoUs were signed at the launch of BIMCGL, and for what proposed investment?

  1. A.Twelve MoUs for about ₹4,200 crore
  2. B.Twelve MoUs for about ₹31,750 crore
  3. C.Twenty MoUs for about ₹16,500 crore
  4. D.Eight MoUs for about ₹1,339 crore
Show answer
Correct answer: A. Twelve MoUs for about ₹4,200 crore

Those agreements were signed with prospective investors for roughly 300 acres of industrial land at the Gaya cluster, and the employment potential attached to them was estimated at 16,095.

Q980.EconomyMedium

The Integrated Manufacturing Cluster at Gaya is being developed under which industrial corridor?

  1. A.Delhi–Mumbai Industrial Corridor
  2. B.Amritsar–Kolkata Industrial Corridor
  3. C.Chennai–Bengaluru Industrial Corridor
  4. D.Vizag–Chennai Industrial Corridor
Show answer
Correct answer: B. Amritsar–Kolkata Industrial Corridor

The cluster is spread over about 1,670 acres in Dobhi block of Gaya district, and the Union government approved it on 28 August 2024 at a total cost of ₹1,339 crore including the cost of land.