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SBI GK Questions 2026

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.

SBI GK Questions with Answers

Q1504.Banking & Financial AwarenessAsked in: SSC MTS · 14 Oct 2021, Shift 2Easy

In which year was the State Bank of India created following the passage of the Imperial Bank of India into state ownership?

  1. A.1947
  2. B.1965
  3. C.1955
  4. D.1950
Show answer
Correct answer: C. 1955

The All India Rural Credit Survey Committee found that rural credit needed a bank with a nationwide branch network, so Parliament passed the State Bank of India Act, 1955, and the Imperial Bank of India was taken over and renamed the State Bank of India with effect from 1 July…

Q1506.Banking & Financial AwarenessMedium

The authority of the Reserve Bank of India to regulate and supervise payment systems in India flows from which law?

  1. A.Banking Regulation Act, 1949
  2. B.Payment and Settlement Systems Act, 2007
  3. C.Negotiable Instruments Act, 1881
  4. D.Companies Act, 2013
Show answer
Correct answer: B. Payment and Settlement Systems Act, 2007

It makes the Reserve Bank the designated authority for the regulation and supervision of payment systems in India, so that no person may operate a payment system without its authorisation.

Q1507.Banking & Financial AwarenessHard

Under the Minimum Reserve System followed since 1957, the Reserve Bank of India must hold assets of at least

  1. A.Two hundred crore rupees, of which gold is at least one hundred and fifteen crore
  2. B.One hundred crore rupees, of which gold is at least fifty crore
  3. C.Five hundred crore rupees, of which gold is at least two hundred crore
  4. D.Two hundred crore rupees, entirely in gold
Show answer
Correct answer: A. Two hundred crore rupees, of which gold is at least one hundred and fifteen crore

Since 1957 India has followed the Minimum Reserve System of note issue, under which the Reserve Bank must keep assets worth at least two hundred crore rupees against the notes in circulation, of which gold must be worth at least one hundred and fifteen crore rupees and the remainder may…

Q1508.Banking & Financial AwarenessEasy

When the Reserve Bank of India lends to a sound bank that cannot raise funds elsewhere, it is performing the function of

  1. A.Banker to the Government
  2. B.Lender of last resort
  3. C.Custodian of foreign exchange
  4. D.Manager of public debt
Show answer
Correct answer: B. Lender of last resort

It is the classic central bank function: when a bank is solvent but short of cash and neither the market nor other banks will lend to it, the Reserve Bank lends against eligible securities so that a local shortage does not turn into a general panic and a run on…

Q1512.Banking & Financial AwarenessMedium

The establishment of the Reserve Bank of India was recommended by which commission?

  1. A.Hilton Young Commission
  2. B.Narasimham Committee
  3. C.Fazl Ali Commission
  4. D.Sarkaria Commission
Show answer
Correct answer: A. Hilton Young Commission

Formally the Royal Commission on Indian Currency and Finance, it reported in 1926 and recommended that the currency and credit functions then divided between the Government and the Imperial Bank be placed in a single central bank.

Q1514.Banking & Financial AwarenessAsked in: SSC CGL · 3 March 2020, Shift 1Easy

Which of these institutions fixes the Repo Rate and the Reverse Repo Rate in India?

  1. A.Ministry of Finance
  2. B.State Bank of India
  3. C.Comptroller and Auditor General of India
  4. D.Reserve Bank of India
Show answer
Correct answer: D. Reserve Bank of India

Policy rates are announced by the Reserve Bank, and since 2016 the decision is taken by its Monetary Policy Committee of six members under the chairmanship of the Governor.

Q1515.Banking & Financial AwarenessAsked in: SSC CHSL · 10 Aug 2021, Shift 2Medium

The legal provisions governing the management of foreign exchange reserves are laid down in the Reserve Bank of India Act, ______.

  1. A.1947
  2. B.1934
  3. C.1923
  4. D.1971
Show answer
Correct answer: B. 1934

The Reserve Bank of India Act, 1934 is the statute that created the Bank and it carries the provisions on the custody and deployment of the country's foreign exchange reserves, which the Bank holds and invests.

Q1516.Banking & Financial AwarenessAsked in: Delhi · 3 Dec 2020, Shift 1Easy

In which year was the RBI nationalised?

  1. A.1971
  2. B.1956
  3. C.1949
  4. D.1935
Show answer
Correct answer: C. 1949

The Reserve Bank of India began as a shareholders' bank and was taken into public ownership on 1 January 1949 under the Reserve Bank (Transfer to Public Ownership) Act, 1948.