Banking GK Questions 2026

Channapatna, a town between Bengaluru and Mysuru, is called the toy town of India; its artisans turn soft ivory wood on a lathe and finish it with lac and vegetable colours, and the toys carry a GI.

Masulipatnam, the port town of coastal Andhra Pradesh, was the great centre of the painted and block printed cotton that European traders bought as chintz, and the same town is still one of the two homes of kalamkari.

In Patola weaving the yarn of both the warp and the weft is tied and dyed before weaving, so the motif is built up from the threads themselves and looks the same from either side; Patan in north Gujarat is its historic centre and the craft carries a GI.

Bidriware takes its name from Bidar, a town in northern Karnataka, where craftspersons cast an alloy of zinc and copper, engrave it, inlay pure silver wire and then rub the surface with a special soil that turns the alloy deep black while the silver stays bright.

Every GI application in India is filed at the Geographical Indications Registry in Chennai, which functions under the Controller General of Patents, Designs and Trade Marks in the Department for Promotion of Industry and Internal Trade.

Parliament passed the Geographical Indications of Goods (Registration and Protection) Act in 1999 to meet India's obligation under the TRIPS Agreement of the World Trade Organization, and the Act was brought into force on 15 September 2003.

After the Geographical Indications of Goods (Registration and Protection) Act, 1999 came into force on 15 September 2003, the tea of the Darjeeling hills was the first Indian good entered in the register, and its logo is still the best known Indian GI abroad.

The National Automated Clearing House is a bulk clearing service of that corporation, used for repeated credits such as salary, pension, dividend and subsidy and for repeated debits such as loan instalments and utility bills.

The Magnetic Ink Character Recognition code has nine digits, of which the first three stand for the city, the next three for the bank and the last three for the branch; it is printed in magnetic ink so that a sorting machine can read it during cheque clearing.

UPI was launched in 2016 and allows a customer to pay from a bank account using a virtual payment address, so that the account number and the IFSC need never be shared; it runs on the same immediate settlement arrangement that IMPS introduced.

This Act designates the Reserve Bank as the authority for payment systems, makes its authorisation necessary before any payment system may be operated, and provides for the Board for Regulation and Supervision of Payment and Settlement Systems.

The Indian Financial System Code is made of eleven characters: the first four letters stand for the bank, the fifth is always the digit zero and is kept in reserve for future use, and the last six identify the particular branch.

NEFT holds instructions for a short period, works out what each bank owes the others on balance, and settles only that difference; the batches run every half hour through all twenty four hours, since the service was made available on all days of the year in December 2019.

IMPS was launched by that organisation in 2010 and was the first Indian system to offer interbank transfer instantly at any hour, including Sundays and holidays.

The words in the name say it: real time means the instruction is carried out as it is received, and gross settlement means each instruction is settled by itself rather than set off against others.

NEFT is the nationwide system operated by the Reserve Bank of India for transferring funds from one bank account to another, settled on a deferred net basis in half hourly batches and available on all days of the year since December 2019.

RTGS is meant for large value payments, and the Reserve Bank has fixed a floor of two lakh rupees for a remittance through it, while setting no ceiling of its own on the amount.

The cricketer Sachin Tendulkar was named for the Bharat Ratna in 2013 and honoured in 2014, the first sportsperson to receive the highest civilian award of the country and also the youngest recipient at that time.

The Gandhi Peace Prize was instituted by the Government of India in 1995, the year marking the one hundred and twenty fifth birth anniversary of Mahatma Gandhi, and it is given for social, economic and political change through non-violence, to an individual or an institution, Indian or foreign.

National Sports Day is observed on 29 August, the birth anniversary of the hockey player Major Dhyan Chand, who was part of the Indian teams that won Olympic gold in 1928, 1932 and 1936, and the national sports awards are conferred around this day.