Banking GK Questions 2026

The National Payments Corporation of India was incorporated in 2008 at the initiative of the Reserve Bank of India and the Indian Banks’ Association as the umbrella organisation for retail payments in India, and it is a not-for-profit company under what is now Section 8 of the Companies Act.

An FIP is the institution that already holds the customer’s data — a bank, a non-banking finance company, an insurer, a mutual fund or a pension fund — and releases it when a valid consent artefact is presented.

The digital rupee is money, a liability of the Reserve Bank, so a transfer from one wallet to another is final the moment it happens and no interbank settlement follows.

The wholesale pilot began on 1 November 2022 with a small group of banks, and its first use case was settling the secondary market leg of Government security trades, because that removes the need for a separate settlement guarantee arrangement and frees collateral.

The Finance Act, 2022 amended Section 2 of the Reserve Bank of India Act so that the expression bank note includes a bank note issued in digital form, which gave the digital rupee the status of legal tender.

The Shanghai Cooperation Organisation, created at Shanghai in 2001 out of the Shanghai Five of 1996, keeps its Secretariat at Beijing and its Regional Anti-Terrorist Structure, usually shortened to RATS, at Tashkent in Uzbekistan, where it coordinates intelligence and joint exercises against terrorism, separatism and extremism.

SAFTA was signed at the twelfth SAARC summit held at Islamabad in 2004 and came into force on 1 January 2006, replacing the SAARC Preferential Trading Arrangement, which had been signed in 1993 and had come into force in 1995.

BIMSTEC has seven members: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand, of which five are in South Asia and two in Southeast Asia.

The BIMSTEC Secretariat was opened at Dhaka in Bangladesh in 2014, seventeen years after the grouping was created by the Bangkok Declaration of 6 June 1997.

The ASEAN Secretariat has been at Jakarta, the capital of Indonesia, since 1976, and it supports the summits, the ministerial councils and the three community pillars into which the grouping's work was organised in 2015.

The Association of Southeast Asian Nations was created on 8 August 1967 by the Bangkok Declaration, also called the ASEAN Declaration, signed by the foreign ministers of Indonesia, Malaysia, the Philippines, Singapore and Thailand; 8 August is observed as ASEAN Day.

SAARC began with seven members, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, and Afghanistan was admitted as the eighth member at the fourteenth summit held in New Delhi in 2007, making it the only country to have joined the grouping after its founding.

The SAARC Secretariat was established at Kathmandu in Nepal on 16 January 1987 and is headed by a Secretary-General chosen from the member states in turn; it coordinates the work of the technical committees and the regional centres.

The South Asian Association for Regional Cooperation came into being on 8 December 1985, when the heads of state and government of seven South Asian countries adopted its Charter at the first summit in Dhaka; the proposal had been made by President Ziaur Rahman of Bangladesh at the start of…

The seventeenth SAARC summit was held in November 2011 at Addu City in the Maldives, the country's second largest urban area, on Addu Atoll in the far south of the chain, and its theme was building bridges.

Who Says Elephants Can't Dance? was written by Louis V. Gerstner Jr. and published in 2002.

The founder of the Essel group and of Zee, India's first privately owned Hindi satellite channel, told his story in The Z Factor, written with Pranjal Sharma.

The founder of Infosys gathered his lectures and convocation addresses into A Better India: A Better World, published in 2009, on themes of fairness in business, the duties of the educated and what he called compassionate capitalism.

Made in Japan was written by Akio Morita, who founded Sony with Masaru Ibuka, and it appeared in 1986.

Lean In was published in 2013 by Sheryl Sandberg, then Chief Operating Officer of Facebook, and argues that women hold themselves back at work in ways that can be named and corrected, from leaving before they leave to underestimating their own readiness for a role.