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Important General Knowledge Questions For Bank Exams

General Knowledge for Bank Exams

The General knowledge section is a crucial component of banking exams in India, encompassing a range of topics such as banking terminology, historical background, Indian banking institutions, their roles, and their impact on the nation’s economy. This post will provide you with all the related general knowledge questions for bank exams along with a preparation strategy.

Competitive exams like the banking sector (IBPS PO & Clerk, SBI PO & Clerk, and RBI Grade B & Assistant) in India often include a General Knowledge (GK) section in which they ask general knowledge questions for the bank to assess candidates’ awareness of various topics relevant to the banking sector and the broader socio-economic landscape. The general knowledge questions for the bank exam section serve as a crucial component, testing candidates on their knowledge of current affairs, banking terminology, historical events, and economic concepts. To excel in bank exams, candidates must prepare thoroughly for the GK section. Here, we present a curated list of important general knowledge questions tailored for bank exams.

GK Questions for Bank Exam

Preparing for the General Knowledge section of bank exams requires consistent effort and a thorough understanding of various topics spanning economics, finance, current affairs, and banking regulations. By regularly practicing questions candidates can enhance their GK proficiency and improve their overall performance in bank exams. Many candidates often encounter problems in learning and understanding some concepts of GK questions for bank exams can make good use of ADDA247 mobile app where Adda247 and its team conduct daily quizzes related to general knowledge, current affairs and banking awareness, which becomes very helpful in assessing your preparations on daily basis.

Topics of General Knowledge for Bank Exams

Every bank exam asks general knowledge questions for bank exams in a separate section called as General Awareness. All bank exams including RBI, IBPS and SBI have a separate section for GK questions with different weightage in terms of marks. In the table below we have discussed the topics for General Knowledge questions for bank exams.

Topics of General Knowledge for Bank Exams
Banking in India Indian & International Finance System Banking Concepts Important Bank & Finance Related Acts
History of Banking in India Banking & Financial Committees RBI Act, 1934 Financial Market in India
Inflation Banking Regulation Act. Financial Institution in India. Money Market & Capital Market
Functions of RBI Functions of Bank Types of Bank Accounts Money Laundering & Anti-Money Laundering
Financial Resolution and Deposit Insurance Bill 2017 Basics of Bond and their Types & Features. Types of Loan Types of Mortgage & Reverse Mortgage
Foreign Exchange Regulation Act (FERA) Bank Credit Operations SWIFT Codes for banks NPA and SARFAESI Act, 2002
Foreign Banks in India LIBOR & MIBOR Types of Cheque & Cards Non-Performing Assets (NPA)
Structure of Banking Industry Business of Banking Companies in Banking Regulation Act, 1949 Cash Management Services Financial Resolution and Deposit Insurance Bill 2017

Importance of General Knowledge Questions for Bank Exams

In this section we have discussed the importance of General Knowledge questions for bank exams with respect to the weightage given to them in different bank exams. The table below provides a comprehensive assessment of number of questions asked along with the maximum marks for that section of a particular bank exam.

Weightage of GK/GA section in Different Bank Exams
Exam Name  Number of Questions Maximum Marks
RBI Grade B (Phase I) 80 80
RBI Assistant (Mains) 40 40
SBI PO (Mains) 40 40
IBPS PO (Mains) 40 40
IBPS RRB PO (Mains) 40 40
SBI Clerk (Mains) 50 50
IBPS Clerk (Mains) 50 50
IBPS RRB Clerk (Mains) 40 40

General Knowledge Questions for Bank Exams

In this section we have discussed some of the General Knowledge Questions for Bank Exams. These are some questions that have been recently asked in the various bank exams.

Q 1. Who was appointed as the chair of Business 20 (B20)?

Ans- N Chandrasekaran

Q 2. Which card has higher credit risk to the bank?

Ans- Credit Card

Q 3. Which public sector bank has the highest number of foreign branches?

Ans- Bank of Baroda

Q 4. Where are the headquarters of the Asian Bank?

Ans- Philippines

Q 5. What does ‘M’ in MDR stands for?

Ans- Merchant

Q 6. What is the meaning of NDTL?

Ans- NDTL stands for Net Demand Time Liability

Q 7. The consumer confidence survey is launched by which organization?

Ans- Reserve Bank of India.

Q 8. What is the currency of Japan?

Ans- Yen

Q 9. The money a commercial bank needs to preserve in the form of cash, or gold or Bonds before providing credit to their own customers is known as-

Ans- Statutory Liquidity Ratio (SLR)

Q 10. What is the primary function of DICGC?

Ans- Protect Interest of Small depositors.

Q 11. Who was the Chief Guest of 21st World Congress of Accountants (WCOA) in November 2022?

Ans- Om Birla (Speaker of Lok Sabha)

Q 12. RBI issued ‘Acquisition and Holding of Shares or Voting Rights in Banking Companies Direction, 2023’ which allowed promoter to hold _____ from the current 15%?

Ans- 26%

Q 13. Who chaired the 8 member committee on ‘One Nation, One Election’?

Ans- Former President- Shri Ram Nath Kovind

Q 14. Which company has introduced the Pincode on India’s Open Network for Digital Commerce’ (ONDC) platform?

Ans- Phonepe

Q 15. Indian Origin Scientist Joyeeta Gupta honoured with NWO Spinoza Prize 2023 for which field?

Ans- Climate Change 

Q 16. Which country use Iron Dome defence system?

Ans- Israel 

Q 17. Who is the regulator of Public General Insurance companies?


Q 18. Which bank launched the India’s First Number less Credit Card?

Ans- Axis Bank

Q 19. At the time of periodical review, which of the following rates are reviewed by the Reserve Bank of India?

Ans-Repo Rate, Bank Rate, and Savings Bank Rate.

Q 20. Who was the first Indian Governor of RBI?

Ans- Sir C.D. Deshmukh


How To Prepare for General Knowledge for Bank Exams?

Preparing for the GK section of bank exams requires a structured approach and consistent effort. Candidates can enhance their GK proficiency by following these strategies:

  • Regularly reading newspapers, magazines, and online portals to stay updated with current affairs.
  • Utilize the internet to your advantage and read relevant news on current affairs issues, such as ongoing business deals, world economy, political news, and more.
  • Following reputable sources for financial news and analysis to understand economic trends and banking developments.
  • Practicing mock tests and previous years’ question papers to familiarize oneself with the exam pattern and types of questions asked.
  • Utilizing online resources, study materials, and GK books specifically designed for bank exam preparation.
  • By properly utilizing the Adda247 platform where daily GK quizzes are held which helps thousands of students in scoring good marks in this section.

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What is the syllabus of General Knowledge in Banking Exams?

Syllabus of Banking Exams has been discussed in the above article candidates can refer the article above.

Does GA section is necessary for RBI Grade B exam?

Yes, General Awareness is asked in phase-I of RBI Grade B exam.

What are the important topics that for SBI PO Mains GA Section?

The syllabus of GK section is discussed above and whole syllabus is important for scoring good marks in bank exams.