The static part of the awareness test in SBI exams is banking and economy knowledge, which is why the PO Mains test is named General Awareness/ Economy/ Banking Knowledge and the Clerk Mains test General/ Financial Awareness. The sample questions in the Bank's booklet ask which institution introduced Know Your Customer norms, which sector drives State incomes, who led Operation Flood and what monetary policy is concerned with, and the real papers follow that line. The topics that recur are the RBI and its functions, monetary policy tools such as the repo rate, CRR and SLR, types of banks and accounts, NPAs, priority sector lending, KYC and anti-money-laundering rules, payment systems like UPI, NEFT and RTGS, banking terms and abbreviations, financial regulators such as SEBI, IRDAI and PFRDA, development institutions such as NABARD and SIDBI, the Union Budget and the Economic Survey, GDP, inflation and national income, and government schemes for financial inclusion, insurance and pensions. A few questions ask plain static GK: headquarters and heads, currencies and capitals, and dates in banking history. 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. Read a topic, then solve its quiz and the SBI previous-year questions on this site to see what you retained.
The first BRIC summit, held in 2009, took place at
The leaders of Brazil, Russia, India and China met for the first summit of the grouping at Yekaterinburg in Russia in June 2009, turning an analyst's acronym into a working forum.
Read the full explanation →The term BRIC was coined in 2001 by
Jim O'Neill, then an economist at Goldman Sachs, used the acronym BRIC in a paper of 2001 to describe Brazil, Russia, India and China, the four large economies he expected to grow into a major share of world output.
Read the full explanation →At the New Delhi G20 Summit of 2023, which body was admitted as a new permanent member of the group?
The New Delhi Leaders' Summit of September 2023, held under India's presidency at Bharat Mandapam, admitted the African Union as a permanent member, so that the group now has a second regional organisation alongside the European Union.
Read the full explanation →The first G20 Leaders' Summit was held in 2008 at
The first summit at the level of heads of state and government was called in November 2008, when the collapse of large financial firms threatened the world economy, and it met at Washington.
Read the full explanation →The G20 was established in which year?
The Group of Twenty was formed in 1999, in the aftermath of the Asian financial crisis, as a forum where the finance ministers and central bank governors of the major advanced and emerging economies could discuss the stability of the world financial system.
Read the full explanation →The Pradhan Mantri Jeevan Jyoti Bima Yojana is for Indian citizens in the age group of ______.
The Pradhan Mantri Jeevan Jyoti Bima Yojana can be joined by anyone between 18 and 50 years of age who holds a savings bank account.
Read the full explanation →How many Lakhpati Didis did the Vice-President say had emerged in India?
The Vice-President placed that figure beside two others to show how women’s economic participation has grown: around 9.2 million Self-Help Groups, covering more than 100 million rural women, and more than 250 million Indians lifted out of extreme poverty.
Read the full explanation →According to the Vice-President, how many Jan Dhan accounts had been opened as of August 2026?
The inaugural address used this figure to show how far financial inclusion has spread, crediting the JAM trinity, Direct Benefit Transfer and the Goods and Services Tax with widening access, improving transparency and formalising the economy.
Read the full explanation →Which institution organises the Kautilya Economic Conclave, and in which year was it established?
The Vice-President recalled that the institute was set up that year under Professor V. K. R. V. Rao and has stayed close to India’s development journey ever since; it hosts this conclave.
Read the full explanation →What was the theme of the 5th Kautilya Economic Conclave held in New Delhi?
The conclave was organised on that theme by the Institute of Economic Growth, and the Vice-President used it to argue that economic resilience cannot be separated from social resilience, that inclusion is the foundation of resilience, and that no citizen, enterprise or region should be left behind.
Read the full explanation →The failure of which bank in 1960 hastened the enactment of the Deposit Insurance Act, 1961 in India?
The failure of the Palai Central Bank of Kerala in 1960, coming on top of trouble at other small banks, badly shook public confidence and pushed Parliament into passing the Deposit Insurance Act, 1961, under which cover began on 1 January 1962.
Read the full explanation →Deposits with which one of the following are not covered by DICGC insurance?
Insurance with the Corporation is compulsory for all commercial banks, including the branches of foreign banks working in India, for local area banks and regional rural banks, for payments banks and small finance banks, and for state, central and primary urban co-operative banks.
Read the full explanation →The five lakh rupee deposit insurance cover is reckoned on which basis?
Every account a depositor holds in the same right and the same capacity in one bank is added together, across all its branches, and the five lakh rupee limit is then applied to that total of principal and interest.
Read the full explanation →Under the amendment made to the DICGC Act in 2021, within how many days of a bank being placed under all inclusive directions must the Corporation pay depositors up to the insured limit?
The Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021 created an interim payment so that the depositors of a bank placed under all inclusive directions need not wait for the bank to be wound up.
Read the full explanation →What is the highest premium rate the DICGC Act, 1961 permits the Corporation to charge per annum on every hundred rupees of assessable deposits?
The Act allows the Corporation, with the previous approval of the Reserve Bank of India, to raise the premium only as far as fifteen paise a year for every hundred rupees of assessable deposits, so fifteen paise is the statutory ceiling.
Read the full explanation →With effect from 1 April 2020, what premium does the DICGC charge a bank each year for every hundred rupees of assessable deposits?
With effect from 1 April 2020 the Corporation charges twelve paise a year on every hundred rupees of a bank assessable deposits.
Read the full explanation →Deposit insurance began to operate in India on 1 January of which year?
The Deposit Insurance Corporation, created under the Deposit Insurance Act, 1961, began functioning on 1 January 1962, and that is the date from which bank deposits in India have been insured.
Read the full explanation →Which one of the following is not insured by the DICGC?
Inter-bank deposits are expressly excluded, because deposit insurance exists to protect ordinary depositors and not to insure banks against one another.
Read the full explanation →Who bears the cost of the deposit insurance premium paid to the DICGC?
The whole of the deposit insurance premium is paid by the bank, and a bank is barred from passing the cost on, so the charge never appears in a depositor passbook.
Read the full explanation →In which year did the Deposit Insurance and Credit Guarantee Corporation come into existence by the merger of two earlier corporations?
The Corporation came into being on 15 July 1978, when the Deposit Insurance Corporation was merged with the Credit Guarantee Corporation of India Ltd, and the Deposit Insurance Act, 1961 was renamed the Deposit Insurance and Credit Guarantee Corporation Act, 1961.
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