Banking GK Questions 2026

The size is deliberate: large enough for the pooled savings to be useful and for the group to stand behind each loan, and small enough for every member to attend a weekly meeting, know every other member and keep the accounts without outside help.

NABARD began the programme as a pilot, linking a few hundred self-help groups to banks so that a group with a record of regular saving and internal lending could borrow as a single account, and it has grown into the largest microfinance programme in the world measured by households reached.

The correct answer is C, the Primary Agricultural Credit Society, the body of farmer members in a village or a group of villages that lends directly to the cultivator for seed, fertiliser and other short-term needs.

The National Bank for Agriculture and Rural Development began work on 12 July 1982 on the recommendation of the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, chaired by B. Sivaraman, and it has its head office at Mumbai.

The correct answer is B, Part IXB, made up of Articles 243ZH to 243ZT, which the Constitution (Ninety-seventh Amendment) Act, 2011 inserted to lay down rules on the board of a cooperative society, its five-year term, reservation of seats, audit and elections.

The correct answer is B, the State List, where cooperative societies appear as entry thirty-two, which is why every State has its own cooperative societies Act and its own registrar of cooperative societies.

It was the first law on the subject and gave village credit societies a legal form, following the recommendation of the Famine Commission and the study of European land banks by Frederick Nicholson, with the German Raiffeisen societies as the model.

Fourth-generation computers, from about 1971, were built around the microprocessor, a whole CPU on a single chip. Computer generations are named after the main switching technology of the time.

India marks 21 May as Anti-Terrorism Day because former Prime Minister Rajiv Gandhi was assassinated on that day in 1991.

The Code on Wages, 2019 was passed by Parliament, received the President's assent and was notified in the Gazette of India on 8 August 2019.

The Finance Minister announced Sovereign Green Bonds in the Union Budget speech of 1 February 2022, as part of the government's overall market borrowing.

This investment has been grounded across the eight northeastern states following the Rising North East Investors Summit held in May 2025.

Lowering the population floor lets banks open branches in smaller habitations, which matters in a region where settlements are scattered across hills.

Mr Scindia used this figure to argue that financial inclusion in the region has not yet turned into economic inclusion: deposits are being collected, but lending lags behind.

Union Minister for Development of North Eastern Region and Communications Jyotiraditya M. Scindia inaugurated the conclave there, with Mizoram Chief Minister Lalduhoma, State Minister Prof. Lalnilawma, MDoNER Secretary Srinivas Katikithala and NEC Secretary Satinder Kumar Bhalla present.

Open APIs let any device or application connect to Aadhaar's authentication service, and that service accepts iris scans as well as fingerprints, OTP and demographic data.

CAR is the cushion of a bank's own capital against losses from loans that are not repaid, and its minimum is fixed by the regulator, not by each bank.

NPCI runs the National Financial Switch (NFS), the network that connects the ATMs of banks across India. The National Financial Switch lets a customer of one bank withdraw cash or check a balance at another bank's ATM.

The correct answer is the Ministry of Communications, under which the Department of Posts functions and which announced the campaign.

Passengers on selected flights received kits containing postcards, wrote their messages during the journey at about 30,000 feet and then dropped the cards into letter boxes that India Post had kept specially at the airports where they landed, from where the cards moved into the normal postal stream for delivery.