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RBI GK Questions 2026

The static part of RBI exams is mostly economics and finance. The Grade B advertisement lists the syllabus of Paper-I, Economic and Social Issues: growth and development, national income, poverty and employment, sustainable development, the Indian economy since the reforms of 1991, money and financial markets, the role of banks and the Reserve Bank, public finance, agriculture, industry and services, the balance of payments, the IMF, the World Bank and the WTO, and India's social structure. Paper-III, General Finance and Management, adds the functions of the RBI, the banking system, SIDBI, EXIM Bank, NABARD, NHB and NaBFID, financial markets, financial inclusion, the Union Budget and inflation. These topics also feed the General Awareness tests of Grade B Phase-I and the Assistant Main, alongside static facts such as the heads and headquarters of institutions. This page holds GK24's topic-wise GK notes for RBI exams, written as short facts and tables so that a topic can be revised in one sitting, in English and Hindi. Read a topic, then solve its quiz and previous-year questions on this site to check what you retained. For the descriptive part of ESI, turn each note into a one-page answer outline.

RBI GK Questions with Answers

Q241.Indian EconomyMedium

Which of the following is NOT a property of an indifference curve?

  1. A.It slopes downward from left to right
  2. B.It is convex to the origin
  3. C.Two indifference curves can intersect each other
  4. D.A higher indifference curve shows a higher level of satisfaction
Show answer
Correct answer: C. Two indifference curves can intersect each other

If two curves crossed, the combination at the crossing point would belong to both and would therefore give two different levels of satisfaction at the same time, a logical contradiction; for the same reason they cannot even be tangent.

Q242.Indian EconomyMedium

An indifference curve is convex to the origin because of:

  1. A.Increasing marginal rate of substitution
  2. B.Diminishing marginal rate of substitution
  3. C.Constant marginal rate of substitution
  4. D.Diminishing returns to scale
Show answer
Correct answer: B. Diminishing marginal rate of substitution

As a consumer moves down an indifference curve he holds more and more of the first good and less of the second, so each extra unit of the first is worth fewer units of the second to him; the slope therefore becomes flatter from left to right and the curve…

Q243.Indian EconomyMedium

The slope of an indifference curve at any point is called the:

  1. A.Marginal rate of substitution
  2. B.Price ratio
  3. C.Marginal propensity to consume
  4. D.Elasticity of substitution
Show answer
Correct answer: A. Marginal rate of substitution

The marginal rate of substitution of X for Y is the number of units of Y a consumer is willing to give up to get one more unit of X while remaining on the same indifference curve, and it equals the ratio of the marginal utility of X to the…

Q244.Indian EconomyEasy

Total utility is maximum when marginal utility is:

  1. A.Maximum
  2. B.Zero
  3. C.Negative
  4. D.Equal to average utility
Show answer
Correct answer: B. Zero

Marginal utility is the addition made to total utility by one more unit, so as long as it is positive total utility keeps rising; the moment it becomes zero nothing more is being added and total utility stands at its highest point, called the point of satiety.

Q245.Indian EconomyEasy

The cardinal utility approach to consumer behaviour, which measures utility in units called utils, is associated with:

  1. A.Alfred Marshall
  2. B.J. R. Hicks
  3. C.Paul Samuelson
  4. D.Vilfredo Pareto
Show answer
Correct answer: A. Alfred Marshall

Marshall, in his Principles of Economics, built the theory of demand on the assumption that utility is measurable in imaginary units, so that a consumer can compare the ten utils of a cup of tea with the six utils of a samosa; from this assumption he derived the law of…

Q247.Indian EconomyHard

Which section of the Income Tax Act provides a tax deduction of profits to eligible startups for three consecutive years out of the first ten years?

  1. A.Section 80-IAC
  2. B.Section 80C
  3. C.Section 54
  4. D.Section 115BAA
Show answer
Correct answer: A. Section 80-IAC

It allows an eligible startup, recognised for the purpose and incorporated within the prescribed window, a deduction of one hundred per cent of the profits and gains from its business for three consecutive assessment years out of its first ten years, subject to conditions, and it must be claimed with…

Q248.Indian EconomyHard

The first Production Linked Incentive scheme, notified in 2020, was for which sector?

  1. A.Speciality steel
  2. B.Textile products
  3. C.Large-scale electronics manufacturing
  4. D.Food processing
Show answer
Correct answer: C. Large-scale electronics manufacturing

The first PLI scheme was notified in 2020 for large-scale electronics manufacturing, with mobile phones and specified electronic components as its targets, and it was followed by schemes for pharmaceutical ingredients and medical devices in the same year.

Q249.Indian EconomyMedium

The incentive under the Production Linked Incentive scheme is calculated on

  1. A.the capital invested in a new plant
  2. B.the incremental sales of goods manufactured in India over a base year
  3. C.the export duty paid by the manufacturer
  4. D.the number of workers employed in the factory
Show answer
Correct answer: B. the incremental sales of goods manufactured in India over a base year

This output-linked design is what distinguishes the PLI scheme from older industrial subsidies: a selected manufacturer receives an incentive, usually a percentage of the additional sales of eligible goods made in India, for a fixed number of years, so the payment follows production and sales actually achieved.

Q250.Indian EconomyMedium

The Fund of Funds for Startups, set up with a corpus of Rs 10,000 crore, is operated by which institution?

  1. A.Reserve Bank of India
  2. B.NABARD
  3. C.Small Industries Development Bank of India
  4. D.National Housing Bank
Show answer
Correct answer: C. Small Industries Development Bank of India

The Fund of Funds for Startups was created in 2016 with a corpus of ten thousand crore rupees and is operated by SIDBI, which does not invest directly in startups but puts money into alternative investment funds registered with the Securities and Exchange Board of India, and those funds in…

Q251.Indian EconomyHard

According to the definition used for recognition under Startup India, an entity may be treated as a startup for a period of up to

  1. A.Five years from incorporation
  2. B.Seven years from incorporation
  3. C.Ten years from incorporation
  4. D.Fifteen years from incorporation
Show answer
Correct answer: C. Ten years from incorporation

Under the definition notified for recognition by DPIIT, an entity qualifies as a startup for up to ten years from the date of its incorporation or registration, provided its turnover has not exceeded one hundred crore rupees in any financial year, it works towards innovation, development or improvement of products…

Q252.Indian EconomyMedium

The Startup India Action Plan was launched on 16 January 2016. That date is now observed every year as

  1. A.National Entrepreneurship Day
  2. B.National Startup Day
  3. C.National MSME Day
  4. D.National Industry Day
Show answer
Correct answer: B. National Startup Day

The government declared that 16 January, the day on which the Startup India Action Plan was released in 2016, would be celebrated as National Startup Day, and the National Startup Awards are associated with the same programme.

Q253.Indian EconomyMedium

Under the Make in India programme, the share of manufacturing in India's gross domestic product was targeted to be raised to

  1. A.15 per cent
  2. B.20 per cent
  3. C.25 per cent
  4. D.35 per cent
Show answer
Correct answer: C. 25 per cent

The target declared for Make in India was to raise the share of manufacturing in gross domestic product to twenty-five per cent along with the creation of a large number of jobs; the deadline, first set for 2022, was later extended.

Q254.Indian EconomyMedium

Make in India and Startup India are both implemented by which department?

  1. A.Department of Economic Affairs
  2. B.Department for Promotion of Industry and Internal Trade
  3. C.Department of Revenue
  4. D.Department of Financial Services
Show answer
Correct answer: B. Department for Promotion of Industry and Internal Trade

The correct answer is B, the Department for Promotion of Industry and Internal Trade, known as DPIIT, which works under the Ministry of Commerce and Industry and is the nodal department for both programmes; it also recognises startups and maintains the national single window system.

Q256.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2020, GS Paper IMedium

If you withdraw ₹1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be

  1. A.to reduce it by ₹1,00,000
  2. B.to increase it by ₹1,00,000
  3. C.to increase it by more than ₹1,00,000
  4. D.to leave it unchanged
Show answer
Correct answer: D. to leave it unchanged

Withdrawing cash only changes the form in which the money is held; the total stays the same.

Q257.Banking & Financial AwarenessAsked in: UPSC Civil Services · CSE Prelims 2024, GS Paper IHard

With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements : 1. There is no minimum capital requirement for wholly owned banking subsidiaries in India. 2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. 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: B. 2 only

RBI does set a minimum capital for a foreign bank's wholly owned subsidiary, and it requires at least half the board to be Indian nationals.

Q259.Indian EconomyAsked in: UPSC CAPF · CAPF 2021, Paper IMedium

For anything to be recognized as money, it needs to have which of the following characteristics? 1. Act as an intermediate in the exchange process 2. Standard unit for quoting prices 3. Must be easily divisible 4. Have higher value in alternative uses Select the correct answer using the code given below.

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

Money must work as a medium of exchange, serve as a unit of account and be easy to divide; a higher value in other uses is not required.

Q260.Reports & IndicesMedium

Renewable energy sources accounted for roughly what share of India's total installed power capacity in the dashboard update?

  1. A.About 32 per cent
  2. B.About 38 per cent
  3. C.About 42 per cent
  4. D.About 50 per cent
Show answer
Correct answer: C. About 42 per cent

The power section of the dashboard shows total installed capacity rising 12.1 per cent to 5,32,739.7 MW, while capacity from renewable energy sources grew much faster, by 29.5 per cent, to reach 2,23,273 MW.