Banking GK Questions 2026

The Mozambique Channel is the stretch of the Indian Ocean between Mozambique on the African mainland and the island of Madagascar, and at roughly 1,600 kilometres in length it is counted as the longest channel in the world; the Comoros lie at its northern mouth.

The Ten Degree Channel takes its name from the parallel of ten degrees north that runs along it, and it divides the Andaman group of islands from the Nicobar group, lying between Little Andaman in the north and Car Nicobar in the south.

Bab-el-Mandeb, the Gate of Tears, lies between Yemen on the Asian side and Djibouti and Eritrea on the African side, and it is the southern doorway of the Red Sea, opening into the Gulf of Aden and then the Arabian Sea; every ship using the Suez Canal on the India-Europe…

The Strait of Gibraltar is the narrow entrance to the Mediterranean from the Atlantic Ocean, with the Rock of Gibraltar on the European side and Jebel Musa on the African side; the two headlands were known to the ancients as the Pillars of Hercules.

The Bering Strait lies between the Chukchi peninsula of Russia and the Seward peninsula of Alaska, joining the Arctic Ocean to the Bering Sea, and the International Date Line passes through it; in the ice ages a land bridge here allowed people and animals to cross into America.

The Panama Canal does not cut through at sea level; ships are lifted by locks into the artificial Gatun Lake, sail across it and through the Culebra or Gaillard Cut, and are then lowered by locks on the other side, which is why the canal needs a large freshwater reservoir.

The Suez Canal, opened in 1869, runs about 193 kilometres across the Isthmus of Suez in Egypt from Port Said on the Mediterranean to the city of Suez on the Red Sea, and because the two seas stand at nearly the same level the canal needs no locks.

The Strait of Hormuz runs between the Iranian coast and the Musandam peninsula of Oman and is the only sea route out of the Persian Gulf, leading into the Gulf of Oman and from there into the Arabian Sea; that is why it is the world's most sensitive oil chokepoint.

The Palk Strait lies between the Ramanathapuram coast of Tamil Nadu and the Jaffna region of northern Sri Lanka, and it joins Palk Bay in the north with the Gulf of Mannar in the south; the shoals of Adam's Bridge run across its southern end.

The correct answer is B, greenfield investment, the building of a new unit from the ground up, which adds fresh capacity and employment to the host economy.

The correct answer is B, the capital account, more precisely the capital and financial account, which records transactions that change a country's assets and liabilities abroad; investment flows, loans and banking capital all sit here.

Hot money is the name given to short-term portfolio capital that chases returns from one market to another and can be withdrawn within days, pushing up share prices and the rupee while it comes in and pulling both down when it goes.

An entity of such a country, or an investor who is a citizen of or situated in one, may invest only through the government route whatever the sector, and the rule also covers a transfer of ownership that results in such beneficial ownership.

Participatory notes are offshore derivative instruments issued by foreign portfolio investors registered with SEBI to clients abroad who want exposure to Indian shares without registering in India themselves; the underlying shares are held by the issuing investor.

The correct answer is C, 2014, when the SEBI Foreign Portfolio Investors Regulations came into force and the three older categories, namely foreign institutional investors, their sub-accounts and qualified foreign investors, were merged into one class registered in risk-based tiers.

The FDI policy lists a small set of prohibited activities: the lottery business, gambling and betting including casinos, chit funds, Nidhi companies, trading in transferable development rights, real estate business and the construction of farm houses, the manufacture of cigars, cheroots and cigarettes, and activities closed to private investment such…

Under the automatic route the foreign investor needs no prior permission from either the government or the Reserve Bank of India; the Indian company simply reports the inflow and the issue of shares to the Reserve Bank within the prescribed time.

The Foreign Investment Promotion Board was wound up and its work handed to the administrative ministries concerned, which now receive applications through the Foreign Investment Facilitation Portal.

The correct answer is C, the Department for Promotion of Industry and Internal Trade, a department of the Ministry of Commerce and Industry, which was known as the Department of Industrial Policy and Promotion until it was renamed in 2019.

The correct answer is B, the Foreign Exchange Management Act, 1999, which came into force in 2000 and governs all dealings in foreign exchange, including inward and outward investment.