Banking GK Questions 2026

The Recovery of Debts Due to Banks and Financial Institutions Act, 1993, passed after the Tiwari Committee recommended a special forum for bank dues, created the Debt Recovery Tribunals and the Debt Recovery Appellate Tribunals to decide applications by banks and financial institutions above a prescribed amount and to issue…

Its full name is the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, and Section 13 lets a secured creditor issue a demand notice under sub-section (2) giving the borrower sixty days to pay and, on default, take possession of the secured asset under sub-section (4)…

Inserted into the Negotiable Instruments Act by the amendment of 1988, it makes the drawer of a cheque that is returned unpaid for insufficiency of funds, or because it exceeds the arrangement, punishable with imprisonment or fine, provided the payee gives notice of demand within the prescribed time and the…

It requires every banking company to maintain in India, in cash, gold or unencumbered approved securities, assets of a value not less than the prescribed percentage of its demand and time liabilities, and that percentage is the Statutory Liquidity Ratio.

It defines banking as accepting, for the purpose of lending or investment, deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise.

The Act was passed in 1949 as the Banking Companies Act and came into force on 16 March 1949; when its scope was extended to cooperative banks, it was renamed the Banking Regulation Act, 1949 with effect from 1 March 1966, the year being retained in the title.

Section 22 of that Act gives the Reserve Bank the sole right to issue bank notes in India, and the Bank has done so since it began operations on 1 April 1935.

Each target face has ten rings and the innermost ring scores 10 points, so 72 arrows all in the 10 ring give 72 multiplied by 10, that is 720 points.

A compound archer draws and looses the string with a hand held mechanical release, and may also use a magnifying scope and a peep sight set in the string.

He won the compound individual gold at the 2014 Asian Games held at Incheon in South Korea, one of India's landmark results in the compound bow, and has since been a fixture of the compound team that wins Asian Games and World Cup team medals.

Limba Ram comes from a tribal family of the Udaipur region of southern Rajasthan and was India's best known archer of the early 1990s, shooting at three Olympic Games and equalling a world record at a continental event.

The archer from West Bengal won the women's recurve gold at the 2007 Archery World Cup Final in Dubai, the first World Cup Final title won by an Indian archer, and she was honoured with the Arjuna Award.

Recurve individual matches are shot in sets of three arrows. The archer with the higher total in a set takes 2 set points, a tied set gives 1 set point to each, and the first archer to reach 6 set points wins the match.

Archery is Bhutan's national sport and its village and festival contests, shot at long distances with small wooden targets and their own customs, are a part of national life.

The compound bow uses cams and cables that hold most of the draw weight for the archer, a magnifying scope and a mechanical release aid, so scores are far higher than with a recurve.

The full target face used at 70 metres measures 122 centimetres across and carries ten concentric scoring rings, the innermost worth 10 points and the outermost worth 1.

All Olympic recurve events, individual, team and mixed team, are shot at 70 metres at a target face of 122 centimetres.

Archery was part of the 1900 Paris Olympics and a few Games after it, but disappeared from the programme after 1920 because the rules varied from country to country.

It was founded in 1931 as the Federation Internationale de Tir a l'Arc, known by the short form FITA, and adopted the name World Archery in 2011.

SIDBI was set up in 1990 as the principal financial institution for the promotion, financing and development of micro, small and medium enterprises, and it works mainly by refinancing banks and other lenders rather than by lending directly to every unit.