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.
Who has been the youngest Prime Minister of India?
He was sworn in on 31 October 1984, the day his mother Indira Gandhi was assassinated, at the age of forty, which makes him the youngest person to hold the office; the oldest was Morarji Desai, who took office at eighty one.
Read the full explanation →Which Prime Minister of India died at Tashkent in January 1966?
He became Prime Minister on 9 June 1964, led the country through the Indo-Pak war of 1965, gave the slogan Jai Jawan Jai Kisan, and died at Tashkent on 11 January 1966, a day after signing the Tashkent Declaration, which makes him the only Indian Prime Minister to have died…
Read the full explanation →Who was the first Prime Minister of independent India?
He was sworn in as Prime Minister on 15 August 1947 and held the office until his death on 27 May 1964, which makes him both the first and the longest serving Prime Minister of India; he also kept the External Affairs portfolio with him.
Read the full explanation →What is the slogan of the National Intellectual Property Rights Policy of India adopted in 2016?
The National Intellectual Property Rights Policy approved in 2016 carries this slogan and brings patents, copyright, trademarks, designs, geographical indications, plant varieties and layout designs under a single framework, with awareness, administration, commercialisation and enforcement as its objectives; its implementation was entrusted to a cell under the Department for Promotion…
Read the full explanation →World Intellectual Property Day is observed on which date?
World Intellectual Property Day is observed every year on 26 April, the day on which the convention establishing the World Intellectual Property Organization came into force in 1970, and each year the organisation announces a theme on creativity and innovation.
Read the full explanation →The Office of the Controller General of Patents, Designs and Trade Marks works under which ministry?
The Office of the Controller General of Patents, Designs and Trade Marks, with its headquarters at Mumbai, works under the Department for Promotion of Industry and Internal Trade in that ministry, and the Copyright Office was also brought under the same Department.
Read the full explanation →Which provision of the Indian Patents Act is used to prevent the evergreening of pharmaceutical patents?
It provides that the mere discovery of a new form of a known substance which does not result in the enhancement of the known efficacy of that substance is not an invention, and therefore cannot be patented; the Supreme Court applied it in the Novartis case concerning a cancer drug.
Read the full explanation →A trademark registration in India is valid for how long?
Under the Trade Marks Act of 1999 a registration lasts ten years from the date of application and may be renewed for further periods of ten years without any limit on the number of renewals, so a brand name can in practice be protected for as long as the business…
Read the full explanation →The TRIPS agreement on intellectual property is administered by which organisation?
The Agreement on Trade Related Aspects of Intellectual Property Rights is one of the agreements that came into force with the establishment of the World Trade Organization in 1995, and it binds every member to minimum standards of protection, enforceable through the dispute settlement system of the organisation.
Read the full explanation →Where is the headquarters of the World Intellectual Property Organization?
The World Intellectual Property Organization was set up by a convention signed in 1967, became a specialised agency of the United Nations in 1974, and has its headquarters at Geneva in Switzerland, where it administers the Paris and Berne Conventions, the Patent Cooperation Treaty and the Madrid system.
Read the full explanation →Which product was the first in India to receive a geographical indication tag?
Darjeeling tea, grown on the hill slopes of the Darjeeling district of West Bengal, was the first product registered under the Geographical Indications of Goods Registration and Protection Act of 1999 after the Act came into force, and the Tea Board of India holds the registration.
Read the full explanation →Copyright in a literary work in India subsists for the lifetime of the author and how many years thereafter?
Under the Copyright Act of 1957, copyright in a literary, dramatic, musical or artistic work lasts for the life of the author and sixty years counted from the beginning of the year following the year of death, after which the work enters the public domain.
Read the full explanation →Which Act governs patents in India?
It replaced the Indian Patents and Designs Act of 1911 on the recommendations of the Ayyangar Committee, allowed only process patents in medicines and food at first, and was amended in 1999, 2002 and 2005 to meet the obligations India accepted at the World Trade Organization.
Read the full explanation →In India, a patent is granted for a term of how many years from the date of filing?
Under the Patents Act of 1970 as amended, a patent in India runs for twenty years from the date of filing of the application, a term fixed in line with the minimum standard laid down by the TRIPS agreement of the World Trade Organization, and renewal fees must be paid…
Read the full explanation →In the electoral college that elects the President of India, which of the following do not have a vote?
Article 54 confines the electoral college to elected members, so the twelve members nominated to the Rajya Sabha and any nominated members of an Assembly take no part in the presidential election; they do, however, vote in the election of the Vice-President under Article 66, which is the point the…
Read the full explanation →Which Vice-President of India served two full terms of five years each in the second half of the twentieth century and later?
He was Vice-President from 11 August 2007 to 10 August 2017, two consecutive full terms, and is the only person after Dr. S. Radhakrishnan to achieve that.
Read the full explanation →Who is the only Vice-President of India to have died while in office?
He became Vice-President on 21 August 1997 and died on 27 July 2002, a few days before his term was to end, the only holder of the office to die in harness.
Read the full explanation →Under the Constitution of India, the Vice-President is the ex-officio Chairman of which body?
Article 64 provides that the Vice-President shall be ex-officio Chairman of the Council of States, that is the Rajya Sabha, and shall hold no other office of profit; when he acts as President he does not perform the duties of Chairman and draws no salary as Chairman.
Read the full explanation →Who was the first woman to hold the office of President of India?
She was the twelfth President of India and held office from 2007 to 2012, the first woman to do so, having earlier served as Governor of Rajasthan.
Read the full explanation →Who was the only President of India to be elected unopposed?
In 1977 every other nomination was rejected and he was declared elected unopposed, the only President of India chosen in that manner.
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