Banking GK Questions 2026

Besides refinancing them, NABARD carries out the inspection and supervision of the regional rural banks, the state cooperative banks and the district central cooperative banks on behalf of the Reserve Bank, and it also prepares the potential linked credit plans from which district credit plans are drawn.

The Rural Infrastructure Development Fund was created in 1995 to 1996 and is maintained with NABARD; it is funded by the amounts commercial banks fall short of in their priority sector lending targets, and NABARD lends from it to state governments for rural roads, bridges, irrigation works, warehouses and similar…

MUDRA was created in 2015 as a subsidiary of SIDBI to refinance the small loans given by banks, microfinance institutions and non-banking finance companies under the Pradhan Mantri Mudra Yojana, the loans being classified as Shishu up to fifty thousand rupees, Kishore from fifty thousand to five lakh and Tarun…

The EXIM Bank was established on 1 January 1982 under the Export-Import Bank of India Act, 1981, is wholly owned by the Government of India, has its head office in Mumbai, and finances and promotes India's foreign trade, including the lines of credit the government extends to other countries.

The Industrial Finance Corporation of India was set up in 1948 under the Industrial Finance Corporation Act of that year to provide medium and long-term finance to industry, which makes it the first development finance institution in the country; it was converted into a company in 1993.

SIDBI has its head office at Lucknow in Uttar Pradesh, which makes it the one major apex financial institution of the country not headquartered in a metropolitan financial centre, and that is exactly why the question is asked.

The Reserve Bank appointed the Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development, known as CRAFICARD, in 1979 under the chairmanship of B. Sivaraman, and its recommendation led to the NABARD Act, 1981 and the creation of NABARD in 1982.

The National Bank for Agriculture and Rural Development was set up on 12 July 1982 under the NABARD Act, 1981, as the apex institution for credit to agriculture and rural development, taking over the work of the Reserve Bank's Agricultural Credit Department and Rural Planning and Credit Cell and of…

SAGA-220 was built by the Indian Space Research Organisation in 2011 using graphics processing units, so that pair is correct.

A supercomputer's performance is stated in FLOPS, the number of floating point calculations it completes in a second, which is why the figures appear as teraflops, petaflops and exaflops; a petaflop is a thousand trillion such operations a second.

Pratyush was installed at the Indian Institute of Tropical Meteorology in Pune in 2018, with a companion system, Mihir, at the National Centre for Medium Range Weather Forecasting, and the pair was acquired to run high-resolution models for monsoon forecasting, cyclone tracks and climate studies.

The National Supercomputing Mission, approved in 2015, is steered jointly by the Ministry of Electronics and Information Technology and the Department of Science and Technology, and it is implemented by the Centre for Development of Advanced Computing at Pune together with the Indian Institute of Science at Bengaluru.

PARAM Shivay, commissioned in 2019 at the Indian Institute of Technology at Banaras Hindu University in Varanasi, was the first supercomputer installed under the National Supercomputing Mission, which was approved in 2015.

The Education and Research Network, ERNET, was begun in 1986 by the Department of Electronics with support from the United Nations Development Programme to link universities, the Indian Institutes of Technology and research laboratories, and it carried the first academic internet traffic in India.

ECIL was set up at Hyderabad in 1967 under the Department of Atomic Energy to make electronic equipment for the atomic energy programme, and it produced the TDC series, the Trombay Digital Computers, for laboratory and industrial use.

The HEC-2M, brought from Britain, was installed at the Indian Statistical Institute in 1955 and is counted as the first computer to work in India; the institute later added a Soviet URAL machine and in 1966 built the ISIJU with Jadavpur University.

C-DAC was established at Pune in 1988 under the Department of Electronics, with a mission to design and build an indigenous supercomputer after the United States declined to supply a Cray machine to India.

Vijay Bhatkar led the team at C-DAC that built PARAM 8000 in 1991 and is therefore described as the architect of India's PARAM series of supercomputers.

The Centre for Development of Advanced Computing was set up at Pune in 1988 with the specific task of building an indigenous supercomputer after India was refused an American Cray machine, and in 1991 its team completed PARAM 8000, a parallel computer assembled from transputer processors.

The TIFR Automatic Calculator was completed at the Tata Institute of Fundamental Research in Mumbai in 1960 and is counted as the first digital computer designed and built in India; Jawaharlal Nehru gave it the name TIFRAC.