Banking GK Questions 2026

ISRO was formed in 1969 and its headquarters, along with the office of the Department of Space, is at Bengaluru, which also holds the U R Rao Satellite Centre where satellites are assembled and the ISRO Telemetry, Tracking and Command Network.

The Central Food Technological Research Institute, a laboratory of the Council of Scientific and Industrial Research, works at Mysuru in Karnataka on food processing, preservation, packaging and nutrition, and many processes used by the Indian food industry were developed there.

The National Dairy Research Institute, an institution of the Indian Council of Agricultural Research, works from Karnal in Haryana and does research on milk production, dairy technology and cattle breeding.

It was founded in 1767, soon after the battle of Plassey, to map the territory the East India Company had acquired, and it is therefore counted as the oldest scientific department of the country.

The Geological Survey of India was founded in 1851, mainly to look for coal for the railways, and it remained in Kolkata, which was then the capital.

SIDBI was set up by an Act of Parliament in 1990 as the principal financial institution for the promotion, financing and development of micro, small and medium enterprises, and its head office is at Lucknow in Uttar Pradesh.

IRDAI was constituted under the IRDA Act of 1999 to regulate insurers, to register them and to protect policyholders.

Axis Bank, which began in 1994 as UTI Bank and was renamed in 2007, has its corporate office in Mumbai, the city that also holds the Reserve Bank of India, SEBI, the State Bank of India, the Central Bank of India, Union Bank of India, Bank of India and both…

In a non-fund based facility the bank does not part with money at the time the facility is granted; it only undertakes to pay if the customer fails to, and it charges a commission for that undertaking.

The Pradhan Mantri MUDRA Yojana was launched in April 2015 to refinance small business loans given by banks, non-banking finance companies and micro finance institutions to non-farm income generating activities.

A domestic scheduled commercial bank must lend forty per cent of its adjusted net bank credit, or of the credit equivalent of its off balance sheet exposure if that is higher, to the priority sector.

The real rate of interest is the nominal rate less the rate of inflation, so seven per cent minus six per cent leaves roughly one per cent.

The marginal standing facility lets a bank borrow overnight from the Reserve Bank by dipping into the government securities it holds for the statutory liquidity ratio, up to a prescribed share of its net demand and time liabilities.

Under the Reserve Bank's income recognition and asset classification norms, a term loan becomes a non-performing asset when interest or an instalment of principal stays overdue beyond ninety days, and a cash credit or overdraft account becomes one when it remains out of order for the same period.

Section 58 of that Act defines a mortgage as the transfer of an interest in specific immovable property to secure a loan, and it names six kinds: simple mortgage, mortgage by conditional sale, usufructuary mortgage, English mortgage, mortgage by deposit of title deeds, which is also called an equitable mortgage…

In hypothecation a charge is created on movable property, such as a financed vehicle or the stock in a trader's shop, while the borrower keeps and uses the goods.

Under the BPLR system a bank announced a prime rate for its best customers and then lent to many borrowers below it, so the announced rate told a customer very little and the lending book was not transparent.

The Reserve Bank introduced the MCLR from that date so that the price of a loan would follow the marginal, that is the latest, cost of raising funds rather than the average cost of old deposits.

The South Asia Poverty Alleviation Programme model is called the international model of self help group formation because it was taken up with the support of the United Nations Development Programme and followed the same design across South Asian countries, beginning in India in the districts of Andhra Pradesh.

The Kisan Credit Card scheme was introduced in 1998 on the recommendation of the R V Gupta Committee and is worked by commercial banks, regional rural banks and cooperative banks.