Banking GK Questions 2026

The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, known by the short name CRAFICARD, recommended a single apex institution for rural and agricultural credit, and NABARD was established in July 1982.

The expert committee of 2014 chaired by Urjit Patel was asked to revise and strengthen the monetary policy framework; it recommended that consumer price inflation be made the nominal anchor, that a numerical inflation target be adopted, and that policy decisions be taken by a committee rather than by one…

The committee on comprehensive financial services for small businesses and low-income households, chaired by Nachiket Mor, reported in 2014 and proposed differentiated banking licences; from its work the Reserve Bank issued guidelines for payments banks, which may accept deposits but not lend, and for small finance banks, which lend mainly…

The committee chaired by S. S. Tarapore reported in 1997 and again in 2006 on capital account convertibility, that is the freedom to convert the rupee for capital transactions, and it set out preconditions such as fiscal consolidation, a low rate of inflation, a strengthened banking system and a low…

The Committee on the Financial System of 1991, chaired by M. Narasimham, came at the start of liberalisation and recommended lower statutory liquidity and cash reserve ratios, prudential norms for income recognition and provisioning, the classification of assets as standard, sub-standard, doubtful and loss, a capital adequacy requirement and a…

The Royal Commission on Indian Currency and Finance, known after its chairman as the Hilton Young Commission, reported in 1926 and recommended a central bank for India; the recommendation was carried out by the Reserve Bank of India Act of 1934, and the Reserve Bank began its operations on 1…

Article 18 abolishes titles and forbids the State from conferring any title except a military or academic distinction; it also bars citizens from accepting a title from a foreign state.

The Pampa Award was instituted by the Government of Karnataka in 1987 as the highest literary honour of the state and is named after Pampa, the tenth-century poet regarded as the father of Kannada literature and the author of the Vikramarjuna Vijaya.

The Yash Bharti Samman was instituted by the Government of Uttar Pradesh in 1994 and is given for distinguished work in art, literature, music, sport, journalism and social service by people connected with the state.

The Tansen Samman is given by the Government of Madhya Pradesh for Hindustani classical music and is announced in connection with the Tansen Samaroh, the music festival held every year at Behat near Gwalior, the birthplace of Tansen, the great singer of Akbar's court and one of the nine jewels…

The Kalidas Samman was instituted by the Government of Madhya Pradesh in 1980 and is given by rotation in four fields of the classical arts: classical music, classical dance, theatre and the plastic arts.

The Government of West Bengal instituted Banga Bibhushan and Banga Bhushan in 2011 to honour people from the state in fields such as literature, music, cinema, sport, science and social service, with Banga Bibhushan ranked above Banga Bhushan.

Kerala instituted three civilian honours in 2021, modelled on the idea of a graded set: Kerala Jyothi at the top, Kerala Prabha next and Kerala Sree third.

The Government of Assam created a three-step set of state honours in 2021: Assam Baibhav at the top for exceptional service to the state, Assam Saurav next, and Assam Gaurav for distinguished work in specific fields.

The Government of Maharashtra instituted the Maharashtra Bhushan in 1996 as the highest civilian award of the state, open to work in literature, art, sport, science, social service, medicine and public administration, and the first award went to the Marathi writer and humorist Purushottam Laxman Deshpande, remembered as Pu La…

The Karnataka Ratna was instituted by the Government of Karnataka in 1992 as the highest civilian honour of the state, and the first person to receive it was Kuppali Venkatappa Puttappa, the Kannada poet known by his pen name Kuvempu, who had also written the state song of Karnataka.

The anda, meaning the egg, is the solid hemispherical dome of a stupa, raised over the relic chamber, and it is the part that gives the stupa its shape.

Sammed Shikharji stands on Parasnath hill in the Giridih district of Jharkhand, the highest hill in the state, and is held to be the place where twenty of the twenty-four tirthankaras attained liberation, which makes it the holiest of all Jain tirthas.

The thirty-four caves at Ellora in Maharashtra are grouped by faith: caves 1 to 12 are Buddhist, caves 13 to 29 are Hindu, and caves 30 to 34 are Jain, the finest of the Jain group being Cave 32, the Indra Sabha, with its carved mandapa and the image of…

The Hathigumpha or elephant cave at Udayagiri near Bhubaneswar carries the long Prakrit inscription of Kharavela, the Chedi or Mahameghavahana king of Kalinga, which records his campaigns and his patronage of Jainism; Udayagiri and the neighbouring Khandagiri form a Jain cave group.