Banking GK Questions 2026

It admitted Sikkim as the twenty-second State of the Indian Union, inserted it into the First Schedule and omitted the earlier provisions that had given it a special status.

It amended the First Schedule to give effect to the acquiring of territories by India and the transfer of certain territories to Bangladesh under the Land Boundary Agreement, settling a dispute that had lasted since Partition.

Telangana was carved out of Andhra Pradesh under the Andhra Pradesh Reorganisation Act of 2014 and came into existence on 2 June 2014, which is observed as its formation day.

The Seventh Constitutional Amendment Act of 1956 accompanied the States Reorganisation Act, abolished the old classification of States into Parts A, B, C and D, and reorganised the country into fourteen States and six Union territories.

It was carved out of the Madras Presidency in 1953 for Telugu speakers, after the death of Potti Sriramulu on a fast unto death pressed the demand to a point the government could not resist.

The States Reorganisation Commission was appointed in 1953 under the chairmanship of Fazl Ali and submitted its report in 1955.

The President sought the advisory opinion of the Supreme Court on whether the agreement to transfer part of the Berubari Union to Pakistan could be carried out under Article 3.

Article 4 states that a law made under Article 2 or Article 3 may contain provisions for amending the First Schedule, which lists the States and Union territories, and the Fourth Schedule, which allots Rajya Sabha seats, and that no such law shall be deemed to be an amendment of…

The proviso to Article 3 lays down two conditions. First, such a Bill may be introduced in either House only on the recommendation of the President.

Article 2 provides that Parliament may by law admit into the Union, or establish, new States on such terms and conditions as it thinks fit.

Article 1 says that India, that is Bharat, shall be a Union of States, and the Drafting Committee chose that phrase with care.

Article 3 deals only with territory that is already part of India.

OPEC was founded in 1960 at a conference in Baghdad by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, and its secretariat was first at Geneva before moving to Vienna in 1965, where it remains.

The South Asian Association for Regional Cooperation was founded in 1985 at Dhaka, where its charter was signed, and its permanent secretariat was set up at Kathmandu in Nepal in 1987.

The United Nations Monetary and Financial Conference met at Bretton Woods in New Hampshire in the United States in July 1944 and agreed to set up the International Monetary Fund and the International Bank for Reconstruction and Development, which is why the two are called the Bretton Woods twins; both…

The WTO began on 1 January 1995 as the outcome of the Uruguay Round, and it replaced the General Agreement on Tariffs and Trade as a permanent organisation with a dispute settlement system.

The OECD was established in 1961 as the successor of the Organisation for European Economic Co-operation, which had been created to administer aid under the Marshall Plan, and it works from Paris as a forum of mostly high-income countries that sets standards and publishes comparative statistics.

The New Development Bank was agreed at the sixth BRICS summit at Fortaleza in Brazil in 2014 and began work with its headquarters at Shanghai, with K. V. Kamath of India as its first president and an African regional centre in South Africa.

South Africa was invited to join in 2010 and took part in the summit at Sanya in China in 2011, and the letter S was added to the acronym to make BRICS.

The leaders of Brazil, Russia, India and China met for the first summit of the grouping at Yekaterinburg in Russia in June 2009, turning an analyst's acronym into a working forum.