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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

Q381.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2020, GS Paper IEasy

"Gold Tranche" (Reserve Tranche) refers to

  1. A.a loan system of the World Bank
  2. B.one of the operations of a Central Bank
  3. C.a credit system granted by WTO to its members
  4. D.a credit system granted by IMF to its members
Show answer
Correct answer: D. a credit system granted by IMF to its members

The reserve tranche is the part of a member's IMF quota that it can draw on at any time, without conditions.

Q382.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2021, GS Paper IEasy

Which one of the following is likely to be the most inflationary in its effects?

  1. A.Repayment of public debt
  2. B.Borrowing from the public to finance a budget deficit
  3. C.Borrowing from the banks to finance a budget deficit
  4. D.Creation of new money to finance a budget deficit
Show answer
Correct answer: D. Creation of new money to finance a budget deficit

Printing new money adds fresh purchasing power to the economy without any matching rise in goods, so it pushes prices up the most.

Q383.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2022, GS Paper IHard

Which one of the following situations best reflects "Indirect Transfers" often talked about in media recently with reference to India?

  1. A.An Indian company investing in a foreign enterprise and paying taxes to the foreign country on the profits arising out of its investment
  2. B.A foreign company investing in India and paying taxes to the country of its base on the profits arising out of its investment
  3. C.An Indian company purchases tangible assets in a foreign country and sells such assets after their value increases and transfers the proceeds to India
  4. D.A foreign company transfers shares and such shares derive their substantial value from assets located in India
Show answer
Correct answer: D. A foreign company transfers shares and such shares derive their substantial value from assets located in India

That is exactly what an indirect transfer means in Indian tax law. In an indirect transfer, no Indian asset changes hands directly.

Q386.Reports & IndicesMedium

According to TRAI's performance indicator report, what was India's total telephone subscriber base at the end of June 2026?

  1. A.1,330.58 million
  2. B.1,300.25 million
  3. C.1,348.08 million
  4. D.1,114.17 million
Show answer
Correct answer: C. 1,348.08 million

The report for the quarter ending June 2026 records this as the total of wireless and wireline connections, a rise of 1.31 per cent over the previous quarter and of 10.65 per cent over the same quarter a year earlier.

Q387.EconomyMedium

Which organisation collects the price data used to compile India's Consumer Price Index?

  1. A.Reserve Bank of India
  2. B.Field Operations Division of the National Statistical Office
  3. C.Labour Bureau, Shimla
  4. D.NITI Aayog
Show answer
Correct answer: B. Field Operations Division of the National Statistical Office

Its field staff visit selected markets and villages on a weekly roster, covering 1,407 urban markets, including online markets, and 1,465 villages spread across all states and union territories; the response rate in September 2026 was 100 per cent in both the rural and the urban sample.

Q391.Banking & Financial AwarenessHard

India's own secure financial messaging backbone, used for RTGS, NEFT and inland letters of credit, is:

  1. A.The Structured Financial Messaging System
  2. B.The National Automated Clearing House
  3. C.The Cheque Truncation System
  4. D.The Centralised Payment System
Show answer
Correct answer: A. The Structured Financial Messaging System

Developed by the Institute for Development and Research in Banking Technology at Hyderabad and built on the INFINET network of the banking sector, it carries the secure, standardised messages behind the Reserve Bank's Real Time Gross Settlement and National Electronic Funds Transfer, and is also used for inland letters of…

Q392.Banking & Financial AwarenessMedium

Under the Liberalised Remittance Scheme, how much may a resident individual remit abroad in a financial year?

  1. A.Twenty-five thousand US dollars
  2. B.One hundred thousand US dollars
  3. C.Two hundred and fifty thousand US dollars
  4. D.One million US dollars
Show answer
Correct answer: C. Two hundred and fifty thousand US dollars

The Liberalised Remittance Scheme allows a resident individual, including a minor, to remit up to that amount in a financial year for any permitted current account purpose such as travel, education, medical treatment, gifts and maintenance of relatives, and for permitted capital account purposes such as buying property or shares…

Q393.Banking & Financial AwarenessMedium

In July 2022 the Reserve Bank of India allowed the settlement of international trade in Indian rupees through which mechanism?

  1. A.Special Rupee Vostro Accounts
  2. B.Exchange Earners Foreign Currency accounts
  3. C.Non-Resident External accounts
  4. D.Resident Foreign Currency accounts
Show answer
Correct answer: A. Special Rupee Vostro Accounts

Under the arrangement, an authorised dealer bank in India opens such an account for the correspondent bank of a partner country.

Q396.Banking & Financial AwarenessHard

In correspondent banking, a mirror account is:

  1. A.A duplicate account opened for a customer in another branch
  2. B.The record a bank keeps in its own books, in home currency, of its nostro balance
  3. C.A joint account of two banks for settlement
  4. D.A dormant account revived after ten years
Show answer
Correct answer: B. The record a bank keeps in its own books, in home currency, of its nostro balance

The nostro account itself lies in the books of the foreign correspondent and is denominated in foreign currency.

Q398.Banking & Financial AwarenessEasy

A nostro account of an Indian bank is:

  1. A.A rupee account kept by a foreign bank with the Indian bank
  2. B.The Indian bank's foreign currency account with a bank abroad
  3. C.A rupee account of a resident individual for foreign travel
  4. D.An account of the Reserve Bank of India with the Indian bank
Show answer
Correct answer: B. The Indian bank's foreign currency account with a bank abroad

Nostro means ours, and the full sense is our account with you.

Q399.Banking & Financial AwarenessMedium

Which statement about SWIFT is correct?

  1. A.It settles payments between banks and holds their funds
  2. B.It is a messaging network that carries instructions but does not itself transfer funds
  3. C.It is a currency exchange run by the International Monetary Fund
  4. D.It is the clearing house for all cross-border cheques
Show answer
Correct answer: B. It is a messaging network that carries instructions but does not itself transfer funds

SWIFT transmits standardised, secure messages such as an instruction to pay a beneficiary or to issue a letter of credit.

Q400.Banking & Financial AwarenessMedium

The headquarters of SWIFT is located in which country?

  1. A.Switzerland
  2. B.Belgium
  3. C.The United States of America
  4. D.The United Kingdom
Show answer
Correct answer: B. Belgium

SWIFT is headquartered at La Hulpe, in the outskirts of Brussels, and it is therefore incorporated under Belgian law and supervised by a committee of central banks with the National Bank of Belgium as the lead overseer.