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GK24

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

Q1343.Government SchemesMedium

Under the revised disability pension, what benchmark of disability now decides eligibility?

  1. A.40 per cent, under the Rights of Persons with Disabilities Act 2016
  2. B.80 per cent, under the National Trust Act 1999
  3. C.50 per cent, under the Rights of Persons with Disabilities Act 2016
  4. D.60 per cent, under the National Trust Act 1999
Show answer
Correct answer: A. 40 per cent, under the Rights of Persons with Disabilities Act 2016

Section 2(r) of that Act defines a person with benchmark disability as one with not less than 40 per cent of a specified disability, as certified by the certifying authority, and the Cabinet decision of 14 October 2026 brings the pension on to that measure.

Q1344.Government SchemesMedium

What is the outlay approved for the Pradhan Mantri Samajik Sahayata Yojana for 2026-27 to 2030-31?

  1. A.Rs 9,652 crore
  2. B.Rs 35,428 crore
  3. C.Rs 53,428 crore
  4. D.Rs 73,428 crore
Show answer
Correct answer: C. Rs 53,428 crore

The Union Cabinet, chaired by the Prime Minister, approved this outlay on 14 October 2026 when it cleared the continuation of the National Social Assistance Programme for five years and renamed it the Pradhan Mantri Samajik Sahayata Yojana.

Q1345.Government SchemesHard

Why was PM-DAKSH subsumed under PMKVY from 2024-25?

  1. A.Its allotted funds had been exhausted
  2. B.Its job roles, drawn from the Skill India Digital Hub, duplicated those of PMKVY
  3. C.The three implementing corporations were wound up
  4. D.Its target groups were transferred to state governments
Show answer
Correct answer: B. Its job roles, drawn from the Skill India Digital Hub, duplicated those of PMKVY

PM-DAKSH was an additionality to PMKVY, and every job role used for skill training under it was taken from the Skill India Digital Hub portal, where PMKVY job roles are also listed.

Q1348.Government SchemesEasy

PM-DAKSH, now subsumed under PMKVY, was a scheme of which ministry?

  1. A.Ministry of Skill Development and Entrepreneurship
  2. B.Ministry of Social Justice and Empowerment
  3. C.Ministry of Rural Development
  4. D.Ministry of Labour and Employment
Show answer
Correct answer: B. Ministry of Social Justice and Empowerment

PM-DAKSH was a Central Sector Scheme of that ministry, and its Department of Social Justice and Empowerment ran it through three corporations, NSFDC, NBCFDC and NSKFDC, which reimbursed training costs to the institutes.

Q1349.Summits & ConferencesMedium

Which policy document is being released at the Fisheries Investors and Exporters Conclave 2026?

  1. A.Madhya Pradesh Fisheries Investment and Export Guidelines
  2. B.National Inland Fisheries Policy
  3. C.Blue Revolution Charter
  4. D.Reservoir Cage Culture Code
Show answer
Correct answer: A. Madhya Pradesh Fisheries Investment and Export Guidelines

This is a state policy, and its purpose is to ease investment across the parts of the fisheries value chain: hatcheries, fish seed and feed, reservoir and cage fisheries, aquatic animal health, processing, cold-chain infrastructure, logistics, value addition and market development.

Q1353.Computer AwarenessAsked in: UPSC CAPF · CAPF 2025, Paper IEasy

1 gigabyte in binary system is equivalent to

  1. A.1000 kilobytes
  2. B.1024 megabytes
  3. C.1200 megabytes
  4. D.10000 kilobytes
Show answer
Correct answer: B. 1024 megabytes

In the binary system every step up the ladder of memory units is a factor of 2 raised to 10, that is 1024, so one gigabyte holds 1024 megabytes.

Q1354.Indian EconomyAsked in: CDS · CDS-II 2026, GKMedium

India's fiscal deficit widens significantly due to increased Government spending on subsidies while tax revenue remains unchanged. Which one of the following is the most likely consequence?

  1. A.Inflation will rise, interest rates will fall, and private investment will increase
  2. B.Inflation will rise, interest rates may rise, and private investment may slow down
  3. C.Inflation will fall, interest rates will rise, and private investment will increase
  4. D.Inflation will fall, interest rates will fall, and GDP growth will accelerate
Show answer
Correct answer: B. Inflation will rise, interest rates may rise, and private investment may slow down

A wider deficit financed by borrowing tends to push up inflation and interest rates, and higher interest rates can slow private investment.

Q1355.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IEasy

In India, which one of the following is responsible for maintaining price stability by controlling inflation?

  1. A.Department of Consumer Affairs
  2. B.Expenditure Management Commission
  3. C.Financial Stability and Development Council
  4. D.Reserve Bank of India
Show answer
Correct answer: D. Reserve Bank of India

Controlling inflation through monetary policy is the RBI's legal duty. The RBI Act, 1934 was amended in 2016 to give India a flexible inflation targeting framework.

Q1357.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

Consider the following statements : 1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived. 2. In an SHG, all members of a group take responsibility for a loan that an individual member takes. 3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs. How many of the above statements are correct?

  1. A.Only one
  2. B.Only two
  3. C.All three
  4. D.None
Show answer
Correct answer: B. Only two

Statements 2 and 3 are correct; statement 1 is not. The SHG movement in banking was started by NABARD, not the State Bank of India.

Q1358.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2023, GS Paper IMedium

In the context of finance, the term 'beta' refers to

  1. A.the process of simultaneous buying and selling of an asset from different platforms
  2. B.an investment strategy of a portfolio manager to balance risk versus reward
  3. C.a type of systemic risk that arises where perfect hedging is not possible
  4. D.a numeric value that measures the fluctuations of a stock to changes in the overall stock market
Show answer
Correct answer: D. a numeric value that measures the fluctuations of a stock to changes in the overall stock market

Beta tells how strongly a share's price moves when the whole market moves. The market itself has a beta of 1.

Q1359.InternationalEasy

What is the subject of the Memorandum of Cooperation signed between India and New Zealand?

  1. A.Electronic exchange of origin data on trade in goods
  2. B.Mutual recognition of academic degrees
  3. C.Removal of all tariffs on dairy products
  4. D.Joint naval exercises in the Indian Ocean
Show answer
Correct answer: A. Electronic exchange of origin data on trade in goods

The memorandum deals with how the two customs administrations will share, in advance and in electronic form, the data that establishes where goods were produced, since a certificate of origin is what decides whether a consignment can claim the lower duties available under a trade agreement.