Banking GK Questions 2026

The Sukinda valley in the Jajpur district holds the bulk of India chromite, the ore of chromium used in stainless steel and in chrome plating, and the belt is the reason India figures at all in world chromite output.

The Gahirmatha coast of the Kendrapara district, a marine sanctuary adjoining Bhitarkanika, holds the largest known nesting ground of the Olive Ridley sea turtle, where lakhs of females come ashore together in the mass nesting called arribada.

Rourkela, in the Sundargarh district, was built with West German collaboration under the Second Five Year Plan and was the first integrated steel plant set up in the public sector in India.

Deomali, in the Koraput district of southern Odisha, rises to about one thousand six hundred and seventy two metres and is the highest point in the state.

Hirakud was built across the Mahanadi above Sambalpur, work beginning in 1947 and the project being dedicated in 1957, and it stands as independent India first major multipurpose river valley project.

The Sun Temple at Konark was raised in the thirteenth century by Narasimhadeva I of the Eastern Ganga dynasty, conceived as the chariot of the sun god with twenty four carved wheels drawn by seven horses.

The Hathigumpha or elephant cave inscription, cut into the Udayagiri hill near Bhubaneswar, is the record of Kharavela, the Jain king of the Mahameghavahana line of Kalinga.

The Mauryan emperor Ashoka invaded Kalinga in about the eighth year of his reign, around 261 BCE, and the slaughter it caused turned him to Buddhism and to the policy of dhamma.

Chilika, spread along the coast of the Puri, Khordha and Ganjam districts, is the largest brackish water lagoon in India, cut off from the Bay of Bengal by a long sandbar.

Orissa was separated from the Bihar and Orissa Province and made a province in its own right on 1 April 1936, and the day is kept every year as Utkal Divas.

The failure of the Palai Central Bank of Kerala in 1960, coming on top of trouble at other small banks, badly shook public confidence and pushed Parliament into passing the Deposit Insurance Act, 1961, under which cover began on 1 January 1962.

Insurance with the Corporation is compulsory for all commercial banks, including the branches of foreign banks working in India, for local area banks and regional rural banks, for payments banks and small finance banks, and for state, central and primary urban co-operative banks.

Every account a depositor holds in the same right and the same capacity in one bank is added together, across all its branches, and the five lakh rupee limit is then applied to that total of principal and interest.

The Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021 created an interim payment so that the depositors of a bank placed under all inclusive directions need not wait for the bank to be wound up.

The Act allows the Corporation, with the previous approval of the Reserve Bank of India, to raise the premium only as far as fifteen paise a year for every hundred rupees of assessable deposits, so fifteen paise is the statutory ceiling.

With effect from 1 April 2020 the Corporation charges twelve paise a year on every hundred rupees of a bank assessable deposits.

The Deposit Insurance Corporation, created under the Deposit Insurance Act, 1961, began functioning on 1 January 1962, and that is the date from which bank deposits in India have been insured.

Inter-bank deposits are expressly excluded, because deposit insurance exists to protect ordinary depositors and not to insure banks against one another.

The whole of the deposit insurance premium is paid by the bank, and a bank is barred from passing the cost on, so the charge never appears in a depositor passbook.

The Corporation came into being on 15 July 1978, when the Deposit Insurance Corporation was merged with the Credit Guarantee Corporation of India Ltd, and the Deposit Insurance Act, 1961 was renamed the Deposit Insurance and Credit Guarantee Corporation Act, 1961.