Banking GK Questions 2026

The Disinvestment Commission was constituted in 1996 as an advisory body to examine enterprises referred to it and to recommend the extent, method and timing of disinvestment in each case, and it was chaired by G. V. Ramakrishna, formerly the chairman of SEBI.

The three real grades are Maharatna, Navratna and Miniratna, and the last is itself divided into category one and category two, so there are four levels in practice.

In 1999 and 2000 the government sold seventy-four per cent of this bread-making company to Hindustan Lever along with management control, and it is counted as India's first strategic sale, that is, the first real privatisation of a central enterprise.

In official usage strategic disinvestment, or strategic sale, means that the government sells a substantial block of shares and hands over management control to the buyer, so the enterprise passes out of the public sector.

It was created as the Department of Disinvestment in 1999, was a separate Ministry of Disinvestment from 2001 to 2004, returned as a department and was given its present name in April 2016.

In that financial year, following the balance of payments crisis and the New Industrial Policy, the government began selling small blocks of shares of selected enterprises to financial institutions and mutual funds.

It is called the Economic Constitution of India because it settled for more than three decades which industries belonged to the state and which to private enterprise, through its Schedules A, B and C, and because it gave the Second Five Year Plan its heavy industry direction under the Mahalanobis…

Under this Act a company needed a licence to start a new undertaking, to expand capacity substantially, to make a new article or to change its location, and the schedule to the Act listed the industries covered.

The Industrial Policy Resolution of 1948 made only three fields an exclusive monopoly of the central government: arms and ammunition, the production and control of atomic energy, and the ownership and management of railway transport.

The Industrial Policy Resolution of 1956 placed every industry in one of three schedules.

The Approach Paper to the Twelfth Five Year Plan, released in 2011, aimed at average GDP growth of 9% a year for 2012–17.

The New Development Bank was founded by the five BRICS countries, and Canada is not one of them. The founding members are Brazil, Russia, India, China and South Africa.

When the jobs on offer need skills, or are in places, that do not match the workers available, people stay jobless even though vacancies exist.

Nominal GDP values each year's output at that year's own (current) prices, not at constant prices, so this statement is not correct.

The Global Competitiveness Report is the World Economic Forum's assessment of how well countries' institutions, policies and markets support productivity and growth.

Indian bond yields respond to the RBI's policy, to domestic inflation and short-term rates, and also to the US Federal Reserve through global capital flows.

The Common Framework for Debt Treatments was agreed by the G20 and the Paris Club in November 2020 to help low-income countries with unsustainable debt.

The FRBM Act requires the government to lay this statement before Parliament along with the Budget. Section 3 of the FRBM Act, 2003 lists the fiscal policy statements that must accompany the annual financial statement: the Macro-economic Framework Statement and the Medium-term Fiscal Policy cum Fiscal Policy Strategy Statement.

Urban Cooperative Banks are regulated by the RBI, not by local boards, and they may raise capital through equity and preference shares.

A rise in NEER means the rupee has gained against a basket of currencies, and higher domestic inflation makes REER drift away from NEER.