Banking GK Questions 2026

The North East is described as the country's Ashtalakshmi, the eightfold form of prosperity, with each of its eight states standing for one form of that wealth.

That is the participation figure the Ministry of Development of North Eastern Region gave for the Ashtalakshmi Darshan Programme over the past year, and it is the number an examiner is most likely to lift from this news.

Ashtalakshmi Darshan is that ministry's own youth-contact initiative: it brings students from states outside the region into the eight north-eastern states so that they meet the region's culture, institutions and development work directly.

Import cover is the number of months of imports a country could pay for with its foreign exchange reserves. It is worked out by dividing a country's total international reserves by its average monthly import bill.

As lender of last resort, the RBI provides liquidity to banks facing a temporary crisis, so only statement 2 fits.

The word joins bank and assurance and describes the arrangement by which an insurer uses a bank branch network and customer base to sell policies while the bank earns fee income as a corporate agent or broker; it is a permitted para banking activity in India.

Para banking covers the financial services a bank may offer besides pure banking once the Reserve Bank of India allows it, such as distributing insurance policies and mutual fund units, equipment leasing, hire purchase, factoring, portfolio management and acting as a pension fund adviser, done departmentally or through a subsidiary.

Under the Reserve Bank of India directions on certificates of deposit, a certificate is issued for a minimum of ₹5 lakh to a single investor and thereafter in multiples of ₹5 lakh, which keeps the instrument in the hands of companies, trusts and institutions rather than small savers; it is…

A gold loan is a small, standardised, secured advance given to an individual against jewellery and belongs squarely to retail banking.

Under narrow banking a bank keeps taking deposits but parks them in short-term government securities instead of lending, so no new credit risk is created while its old bad loans are recovered or written off; the Tarapore Committee of 1997 suggested this for weak Indian banks.

Passed in 1933 after the stock market crash and the Great Depression, it stopped a deposit-taking commercial bank from doing securities business and also brought in federal deposit insurance, because lawmakers believed that speculation with depositors money had deepened the crisis.

Issue management, underwriting, book building and the rest of investment banking touch the securities market, which is SEBI domain, and a firm must hold a certificate of registration as a merchant banker under the SEBI (Merchant Bankers) Regulations, 1992; the lead manager to any public issue must be such a…

ICICI was set up as a development financial institution for long-term industrial finance, and in 2002 it merged into its own banking subsidiary ICICI Bank.

The Reserve Bank of India set up a Working Group under S. H. Khan, then chairman of IDBI, to examine the roles of development financial institutions and banks; its 1998 report recommended that the two be harmonised and that India move towards universal banking, which is why the idea is…

CASA stands for current account and savings account balances. A current account earns no interest and a savings account earns a low rate, so the money a bank collects through them costs it far less than any other source, and gathering such balances from lakhs of individuals is exactly what…

Bt cotton carries genes from the soil bacterium Bacillus thuringiensis, which make the plant produce a protein toxic to bollworm larvae.

The Genome India Project was launched in January 2020 by the Department of Biotechnology, which works under the Ministry of Science and Technology, and brings together about twenty academic institutions to sequence Indian genomes and build a reference set that reflects the country's genetic diversity.

The Centre for DNA Fingerprinting and Diagnostics was established in 1995 as an autonomous institution of the Department of Biotechnology and works at Hyderabad on DNA fingerprinting services, diagnostics of genetic disorders and research in genomics.

In the Watson and Crick model the two strands are held together by hydrogen bonds between complementary bases: adenine pairs with thymine through two hydrogen bonds and guanine pairs with cytosine through three.

The polymerase chain reaction, invented by Kary Mullis in 1983, repeats three steps: the DNA is denatured near ninety-five degrees Celsius, short primers anneal at a lower temperature, and the strand is extended at about seventy-two degrees.