IBPS GK Questions 2026

The correct answer is Gross Fixed Capital Formation, the measure of investment funded within the economy. It grew 11.9 per cent in the first quarter of 2026-27 against 5.8 per cent in the same quarter of the previous year, and that jump is the sharpest change among the expenditure components listed. Option A is wrong on the number rather than the idea: Private Final Consumption Expenditure, which is household spending on goods and services, grew 7.1 per cent, up from 6.8 per cent. Exports grew 12.0 per cent, up from 6.0 per cent. Government consumption and imports are not among the components given growth figures in this release, so options C and D cannot be supported from it. For revision, remember the trio of drivers in order: exports 12.0, investment 11.9 and household consumption 7.1 per cent.

The correct answer is the Ministry of Statistics and Programme Implementation, usually shortened to MoSPI. Every table in the release, whether the expenditure components, the sector-wise Gross Value Added or the revised annual estimates, is sourced to that ministry. MoSPI also carried out the upward revision of real GDP growth for the three earlier years and moved the estimates to new price and production indices with base year 2022-23, among them an Output Producer Price Index and a Banking Services Price Index. Option C is wrong but close to the fact: the Reserve Bank of India had projected 7.0 per cent growth for this quarter, a forecast rather than the estimate itself, and the actual outcome was higher. NITI Aayog and the Department of Economic Affairs are not named in the release as the source of these national accounts figures at all.

The correct answer is 7.8 per cent. Real GDP, that is GDP at constant prices, is estimated at ₹81.36 lakh crore for the first quarter of 2026-27, and that level represents growth of 7.8 per cent. The figure is the highest first-quarter growth recorded in the four years from 2023-24 onwards, and manufacturing and services carried it. Each wrong option is a real number from the same release, which is what makes them tempting. Option A is the growth rate of the first quarter of the previous year, so it is the base against which this quarter is compared. Option B is the Reserve Bank of India's projection for the quarter, which the outcome exceeded. Option D is the growth of real Gross Value Added, not of GDP; real GVA stood at ₹73.82 lakh crore. Keep the three apart: 7.0 was the forecast, 7.8 the GDP outcome and 8.2 the GVA outcome.

The correct answer is that the summit adopted the Bishkek Declaration along with four MoUs. Besides the declaration and the four memoranda, the meeting also adopted more than twenty decisions and statements in fields such as climate, nuclear safety, energy conservation and the fight against drug addiction. Option A is wrong on the count: the release describes this as the 25th anniversary of the grouping, which is why the leaders spoke of a roadmap for the next twenty-five years. Option C is wrong because Kyrgyzstan held the chairmanship, and the Prime Minister praised the focus on youth engagement under that chairmanship; Afghanistan appears in the release only as a country whose peace and stability matter for Eurasian security. Option D reverses the fact: accepting English as an official language in the SCO Charter was one of the proposals India led that the declaration carries.

The correct answer is the SCO Civilisational Dialogue Forum. The Prime Minister said India would be glad to host the first edition of this forum later this year, and described it as an Indian flagship proposal meant to build civilisational exchanges among member states. He had proposed it at the previous summit, and the declaration adopted at Bishkek carries it. The other three options are all Indian initiatives inside the grouping and that is what makes them plausible distractors: the Start-up Forum, the Young Scientists Forum and the Young Authors Conclave are each named in the release as steps India has taken or supported. But the release says only about the Civilisational Dialogue Forum that its first session will be held in India this year, so options A, B and D are wrong for this particular question.

The correct answer is Security, Connectivity and Opportunity. In his statement at Bishkek the Prime Minister recalled that at the previous summit he had set out three main pillars of India's thinking on the grouping, and that their initials spell the organisation's own short name: S for Security, C for Connectivity and O for Opportunity. He then asked that the three be carried beyond vision into concrete outcomes. Under security he sought the dismantling of the funding, recruitment, radicalisation and safe havens behind terror, with no double standards. Under connectivity he backed projects that join markets and widen trade while respecting the sovereignty and territorial integrity of nations. Under opportunity he said the test is how many openings young people, entrepreneurs and farmers gain. The other three options use words that sound plausible but appear nowhere as the formula in the release.

The correct answer is Bishkek. The release from the Prime Minister's Office says that the 26th meeting of the Council of Heads of State of the Shanghai Cooperation Organisation was held at Bishkek, the capital of the Kyrgyz Republic, and that the Prime Minister took part in it on 1 September 2026 after the meeting had opened on 31 August. Two further details in the release fix the venue in memory. The main outcome document is itself called the Bishkek Declaration, and the Prime Minister thanked President Sadyr Japarov of the Kyrgyz Republic for the welcome and the hospitality his country extended. Astana, Tashkent and Samarkand are well known cities of other member states of the grouping, and an aspirant may recall them from earlier editions, but this release names none of them. It names only Bishkek, so every other option is wrong here.

The correct answer is D, Uttar Pradesh. Prathama Bank, the first Regional Rural Bank of India, opened on 2 October 1975 with its head office at Moradabad in Uttar Pradesh, sponsored by Syndicate Bank. It was one of the first five RRBs set up that day under an ordinance that became the Regional Rural Banks Act 1976, following the recommendation of the Narasimham working group of 1975. Their capital is shared 50 per cent by the Central Government, 15 per cent by the State Government and 35 per cent by the sponsor bank; they are regulated by the RBI and supervised by NABARD. Option A is wrong because Prathama Bank never sat in Rajasthan; that state's first RRB was the Jaipur-Nagaur Anchalik Gramin Bank, another of the first five. Option B is wrong because none of the first five RRBs was in Madhya Pradesh. Option C is wrong because Punjab was not in the first batch either; the other first-day banks were in Uttar Pradesh, Haryana, West Bengal and Rajasthan. Exam tip: first RRB = Prathama Bank, Moradabad (UP), 2 October 1975, sponsor Syndicate Bank; shareholding 50:15:35.

The correct answer is D, Ministry of Finance. Under the Coinage Act 2011 the Government of India alone has the right to mint coins, and the work is handled by the Department of Economic Affairs in the Ministry of Finance. Coins are struck at the four India Government Mints at Mumbai, Kolkata, Hyderabad and Noida, run by the Security Printing and Minting Corporation of India Limited (SPMCIL), and the Reserve Bank only puts them into circulation as the Government's agent under Section 38 of the RBI Act 1934. The same split explains why the one-rupee note carries the signature of the Finance Secretary, while notes of two rupees and above are issued by the RBI and signed by its Governor. Option A is wrong because the Ministry of External Affairs handles foreign relations. Option B is wrong because the Ministry of Home Affairs handles internal security and police. Option C is wrong because the Ministry of Mines deals with mining and minerals, not coinage. Exam tip: coins and the one-rupee note = Government of India (Finance Ministry); notes of two rupees and above = RBI.

The correct answer is D, Hawkish. A hawkish stance means the central bank treats inflation as its first enemy and is ready to raise interest rates and tighten money supply, even at some cost to growth. Higher rates make loans dearer, so people and firms borrow and spend less, demand cools and prices stop rising so fast. India saw this when the RBI raised the repo rate from 4 per cent to 6.5 per cent between May 2022 and February 2023 to fight inflation. The opposite, a dovish stance, cuts rates to support growth and jobs, as in 2020 during the Covid slowdown. Option A is wrong because 'owlish' is only an informal label some writers use for a wait-and-watch, neutral position, not the usual anti-inflation stance. Option B is wrong because a dovish stance eases money and fuels inflation rather than fighting it. Option C is wrong because 'Hicksian' refers to the economist John Hicks and his IS-LM model, not to a policy stance. Exam tip: hawk = fight inflation, raise rates; dove = support growth, cut rates.

The correct answer is D, Reserve Bank of India. Monetary policy, the control of money supply and interest rates to keep prices stable, is the job of the central bank, the RBI, set up on 1 April 1935 under the RBI Act 1934 and nationalised on 1 January 1949. Since 2016 the policy repo rate is decided by the six-member Monetary Policy Committee, three from the RBI including the Governor, who chairs it, and three appointed by the Union Government, working to an inflation target set in 2016 at 4 per cent with a band of 2 per cent on either side. Option A is wrong because the Ministry of Statistics and Programme Implementation compiles data such as GDP and the CPI, it does not set policy. Option B is wrong because the Finance Commission, under Article 280, recommends how taxes are shared between the Centre and the States. Option C is wrong because NITI Aayog, formed on 1 January 2015, is a policy think tank that replaced the Planning Commission. Exam tip: monetary policy = RBI and its MPC, fiscal policy = Finance Ministry through the Budget.

The correct answer is A, Roman. The rupee sign blends the Devanagari letter "र" (Ra) with the Roman capital "R" with its vertical stem removed, so that it reads as an Indian letter and an international one at the same time. It was designed by D. Udaya Kumar, then a student at IIT Bombay and later a professor at IIT Guwahati, who won a nationwide open competition; the Union Cabinet approved it on 15 July 2010. The two parallel horizontal lines across the top stand for the tricolour and for the equality sign, a nod to a balanced economy. With this sign the rupee joined the dollar, pound, euro and yen as currencies with their own symbol. B, Ol Chiki, is the script created for the Santali language and has no part in the design. C, Brahmi, is the ancient script of Ashoka's edicts, not used here. D, Cyrillic, is the script of Russian and other Slavic languages. Exam tip: rupee symbol = Devanagari Ra + Roman R, designed by Udaya Kumar, adopted 15 July 2010.

The correct answer is 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. A capital receipt is the opposite: it either creates a liability, like a loan, or reduces an asset, like selling shares. Apply that two-part test to each option and only GST passes. A, sale of shares of public sector companies, is disinvestment, which reduces the government's assets, so it is a capital receipt. B, recovery of loans, also reduces an asset, the loan owed to the government, so it too is capital. D, borrowings from the public, create a liability that must be repaid, the clearest capital receipt of all. Exam tip: revenue receipt = tax and non-tax income; capital receipt = borrowings, disinvestment and loan recoveries.

The correct answer is 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. It is prescribed under Section 24 of the Banking Regulation Act, 1949, and the bank keeps these assets with itself, unlike the Cash Reserve Ratio, which is a cash balance kept with the Reserve Bank under the RBI Act, 1934. Both ratios are fixed on the same base, total deposits, and both are tools the RBI uses to control how much banks can lend. A, Current deposits, are only one part of demand deposits, so the base would be far too small. C, Term deposits, leave out demand deposits. D, Saving deposits, are again only one slice of the total. Exam tip: SLR and CRR are both fractions of net demand and time liabilities; SLR stays with the bank in liquid assets, CRR goes to the RBI in cash.

The correct answer is B, NABARD. The National Bank for Agriculture and Rural Development was set up on 12 July 1982 by an Act of Parliament, on the recommendation of the Sivaraman Committee (CRAFICARD), as the apex body for rural and farm credit. It took over the agricultural credit work of the Reserve Bank and the whole of the Agricultural Refinance and Development Corporation. Its headquarters is in Mumbai, it refinances cooperative banks and regional rural banks, and it runs the Rural Infrastructure Development Fund. The year 1982 and the words "farmers" and "national level" together point only to NABARD. A, NEDFI, the North Eastern Development Finance Corporation, was set up in 1995 to fund projects in the North-East. C, IFCI, the Industrial Finance Corporation of India, was India's first development bank, founded in 1948 for industry, not farmers. D, SIDBI, the Small Industries Development Bank of India, began in 1990 at Lucknow for small and medium enterprises. Exam tip: IFCI 1948, NABARD 1982, SIDBI 1990, NEDFI 1995.

The correct answer is 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. Both consist of money that can be spent at once, so they are called narrow money. M3 adds the time deposits of banks to M1, and M4 adds all post office deposits to M3; these two are broad money because they include savings locked for a period. M3 is the measure the RBI usually quotes as "money supply". B, M2 and M4, mixes a narrow and a broad measure. C, M3 and M2, does the same in the other order. D, M1 and M4, pairs the narrowest with the broadest. Exam tip: M1, M2 narrow; M3, M4 broad; M3 is the headline figure.

The correct answer is B, Article 279A. It empowers the President to constitute the Goods and Services Tax Council, a joint forum of the Centre and the States. The Article was inserted by the Constitution (One Hundred and First Amendment) Act, 2016, the same amendment that brought GST, and the Council was set up in September 2016. The Union Finance Minister is its Chairperson, the Union Minister of State for Finance and the finance or taxation ministers of all States are its members, and decisions need a three-fourths weighted majority in which the Centre holds one-third of the votes and the States together two-thirds. A, Article 246A, gives Parliament and the State legislatures the power to make laws on GST. C, Article 269A, deals with the levy and collection of GST on inter-State trade, that is, IGST. D, Article 323A, provides for administrative tribunals and has nothing to do with tax. Exam tip: 246A power to tax, 269A inter-State GST, 279A GST Council; all three came with the 101st Amendment.

The correct answer is A, stagflation. Stagflation is a blend of the words stagnation and inflation: output stops growing, unemployment rises, and yet prices keep climbing. Normally inflation and unemployment move in opposite directions, as the Phillips curve shows, so stagflation is a puzzle for policy makers, because raising interest rates to cool prices worsens unemployment while spending to create jobs pushes prices higher. The classic example is the 1970s, when the oil price shocks of 1973 and 1979 hit western economies with slow growth and double-digit inflation at the same time. B is wrong because an inflation premium is the extra return lenders demand to make up for expected inflation. C is wrong because an inflationary gap is the amount by which total demand exceeds full-employment output, a situation of too much demand, not of high unemployment. D is wrong because reflation is a deliberate policy of boosting demand to lift an economy out of a slump. Exam tip: stagflation equals high inflation plus high unemployment plus stagnant growth, remembered by the 1970s oil crisis.

The correct answer is 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. When the RBI buys government bonds it pays money to banks, so liquidity in the system rises and interest rates tend to fall; when it sells bonds it pulls money out, tightening liquidity and pushing rates up. OMO is a quantitative tool of monetary policy, used along with the cash reserve ratio, the statutory liquidity ratio, the repo rate and the bank rate, and the RBI also uses it to manage the government's borrowing programme. A is wrong because national market operations is not a term used in monetary policy. B is wrong because closed market operations does not exist; the whole point is that the trades happen in the open market. D is wrong because international market operations would refer to foreign exchange dealings, not government securities. Exam tip: RBI buys securities means more money, RBI sells securities means less money; that is OMO.

The correct answer is A, Philippines. The Asian Development Bank has its headquarters in Mandaluyong City, Metro Manila, in the Philippines. It was set up in 1966 to fund development in Asia and the Pacific, and India was one of its founding members. Japan and the United States are its two largest shareholders, and by tradition its president has always been Japanese. The ADB lends for roads, power, water and urban projects, and India is among its biggest borrowers. B is wrong because South Korea hosts the Green Climate Fund at Songdo, not the ADB. C is wrong because China is the home of the Asian Infrastructure Investment Bank (Beijing) and the New Development Bank of BRICS (Shanghai). D is wrong because Japan is only the largest shareholder; the bank was deliberately located in Manila rather than Tokyo. Exam tip: ADB in Manila (1966), AIIB in Beijing (2016), New Development Bank in Shanghai (2015).