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.
National Consumer Day is observed in India on which date?
National Consumer Day marks the day on which the Consumer Protection Act, 1986 received the assent of the President of India, and it is observed every year with campaigns on consumer rights and on the machinery available for redressal.
Read the full explanation →Which is the apex body in the three-tier consumer dispute redressal machinery in India?
It is headed by a sitting or retired judge of the Supreme Court, hears complaints above the pecuniary limit prescribed for the State Commissions, and also hears appeals from them.
Read the full explanation →The Central Consumer Protection Authority (CCPA) was established under which law?
The CCPA is a regulator created by that Act to protect the interests of consumers as a class, and not merely to decide an individual complaint.
Read the full explanation →Which Act governs consumer protection in India at present?
The new Act widened the definition of a consumer to cover online, teleshopping and multi-level marketing purchases, created the Central Consumer Protection Authority, introduced product liability and rules for electronic commerce, allowed mediation and e-filing, and renamed the three redressal bodies as Commissions.
Read the full explanation →Which of the following is NOT an element of the Competition Act 2002?
The Competition Act, 2002 rests on three pillars, and freedom of trade is the very thing it protects, so no provision of it prohibits trade; on the contrary, the Act opens by stating that it seeks to ensure freedom of trade carried on by other participants in markets in India.
Read the full explanation →As per the Consumer Protection Act, 1986 a complaint can be filed in the District Consumer Disputes Redressal Forum if the value of the claim is up to:
The Consumer Protection Act, 1986 created a three-tier machinery and fixed a money limit for each tier: the district forum could hear a complaint where the value of the goods or services and the compensation claimed did not exceed twenty lakh rupees, the state commission took claims above that limit…
Read the full explanation →Consider the following statements :
1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI).
2. The WPI does not capture changes in the prices of services, which CPI does.
3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.
Which of the statements given above is/are correct?
Statement 3 is wrong because the RBI uses CPI, not WPI, as its main measure of inflation. Food has a much larger weight in the CPI, close to half of the basket, than in the WPI, where food articles and manufactured food together form roughly a quarter.
Read the full explanation →BHARAT TULIP, an initiative of the Ministry of Social Justice and Empowerment, stands for which of the following?
BHARAT TULIP is the brand the Ministry of Social Justice and Empowerment has built to widen the market for goods made by target-group artisans, taking them to digital platforms in India and abroad.
Read the full explanation →How many stalls in all does the Mysuru Shilp Samagam Mela 2026 have, and how many of them are allotted to artisans?
The Mysuru fair carries 83 stalls, of which 80 have gone to artisans, and 37 of those artisans are women.
Read the full explanation →In which city is the Shilp Samagam Mela 2026 visited by the Union Social Justice and Empowerment Secretary being held?
The nine-day Shilp Samagam Mela 2026 is laid out at the Mysuru Dasara Exhibition Grounds, and the Union Secretary of the Ministry of Social Justice and Empowerment, Sudhansh Pant, went round its stalls during a two-day official visit to the city.
Read the full explanation →DigiPost, the phygital mail service introduced by the Department of Posts, delivers traffic e-challans issued by the police of which state?
DigiPost is a phygital mail service of the Department of Posts under which traffic e-challans issued by the Gujarat Police are transmitted digitally and then delivered in physical form to the citizen concerned.
Read the full explanation →How much revenue did the Department of Posts earn from scrap disposal under Special Campaign 6.0 up to 16 October 2026?
Since 2 October 2026 the Department of Posts disposed of 3,06,026 kg of scrap and that fetched revenue of Rs 67.56 lakh.
Read the full explanation →What is the target for resolution of public grievances under Special Campaign 6.0 of the Department of Posts?
Under Special Campaign 6.0 the Department of Posts set three targets: resolution of 1,50,000 public grievances, disposal of 1,500 appeals and cleanliness drives at 1,35,000 sites across the country.
Read the full explanation →Special Campaign 6.0 of the Department of Posts is being run during which period in 2026?
Special Campaign 6.0 is being carried out at postal establishments throughout the country over that month by the Department of Posts, which comes under the Ministry of Communications.
Read the full explanation →The Asian Para Games are a multi-sport event meant for which group of athletes?
The Asian Para Games are the continental competition for para-athletes, and the 2026 edition opened in Aichi-Nagoya with an Indian contingent of such sportspersons taking part.
Read the full explanation →On which date did the Asian Para Games 2026 begin?
The Asian Para Games of this edition got under way on that day in Aichi-Nagoya, and the Indian contingent of para-athletes began its campaign there.
Read the full explanation →The Asian Para Games 2026 are being held in which city?
The Asian Para Games 2026 opened there, and the Indian contingent of para-athletes is competing at that venue.
Read the full explanation →What is the capacity of the captive solar power plant being developed for the Namo Bharat project?
NCRTC is developing a captive solar power plant of this size, and it also runs a programme called Solar on Track, so that the corridor costs less to operate and places a lighter burden on the environment.
Read the full explanation →Which organisation runs the Namo Bharat regional rapid rail service?
It built and runs the Namo Bharat service and it organised Namo Bharat Diwas in New Delhi, where its Managing Director Shalabh Goel welcomed the Union Minister of Housing and Urban Affairs and Power, Manohar Lal.
Read the full explanation →On which date was the entire Namo Bharat corridor dedicated to the nation along with Meerut Metro?
On that day the Prime Minister dedicated the full Delhi-Ghaziabad-Meerut corridor to the nation, and Meerut Metro was handed over at the same time.
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