Banking GK Questions 2026

The DGFT works under the Ministry of Commerce and Industry, and under the Foreign Trade (Development and Regulation) Act of 1992 it frames and administers the Foreign Trade Policy, issues the importer-exporter code without which no one may trade across the border, and runs the export promotion schemes.

GATT was signed in 1947 as a provisional agreement on tariff reduction, and after the Uruguay Round it was replaced on 1 January 1995 by the World Trade Organization, a permanent body with headquarters at Geneva and a binding dispute settlement system.

In August 1994 India accepted the obligations of Article VIII of the International Monetary Fund and made the rupee fully convertible on the current account, so that foreign exchange for trade, travel, education and remittances could be obtained freely at the market rate.

The balance of trade, also called the merchandise or visible balance, is the difference between the value of goods exported and goods imported; nothing else enters it.

Self-reliance, the goal set out in India's early plans, means building the capacity to produce at home what the country would otherwise have to buy abroad, so the true indicator is that imports of such goods are avoided.

An inward-looking trade strategy, better known as import substitution, was the policy India followed from the Second Five Year Plan until 1991, and it rested on two instruments.

Export security is not a recognised category of trade barrier; it is not a device that restricts the movement of goods across a border.

The balance of payments is the statement that records every economic transaction between the residents of a country and the rest of the world in a given period, which is precisely what the external sector of an economy means; it covers merchandise trade, services, income, transfers and capital flows.

Ricky Kej won the Grammy for Best New Age Album at the 57th Grammy Awards in 2015 for Winds of Samsara, made with the South African flautist Wouter Kellerman.

The correct answer is Mariyappan Thangavelu, who has won Paralympic medals three times in the high jump and whose shoes form part of the sporting memorabilia in this collection.

That is the number of pieces from Tamil Nadu placed in this round of the auction, and together they are meant to show the state's spiritual traditions, classical art, craftsmanship, historical figures, textiles and sporting achievements.

The auction of mementos, gifts and souvenirs received by the Prime Minister is being held online in its eighth round and remains open for bidding until the second day of October, with participation through the auction portal.

A revision of this agreement between India and France is currently under way and the two ministers took it up during their talks.

During the bilateral meeting, French institutions were asked to look at opening branch campuses in India, and that financial and business hub was named as one suitable location.

Philippe Baptiste holds that combined portfolio in France, which is why his talks in New Delhi with the Union Minister for Education covered universities, research collaboration and innovation together.

That body regulates the securities market and has nothing to do with industrial safety in steel plants, so it does not figure in the composition of the new Council.

It is being established alongside the Council to supply technical and professional expertise in areas such as process safety, blast furnaces, steel melting, rolling mills, coke ovens, refractory systems, electrical and mechanical safety, occupational health, fire engineering and disaster management.

The Council has been placed under the administrative control of the Ministry of Steel and its Secretary has been made its Chairman, with senior officers of the Ministry and the chief executives of integrated steel producers sitting as members.

Documents examined after the arrests showed that this quantity of smuggled gold had already been carried and delivered through the same courier-based network during nine months of the current calendar year, which is what revealed the true size of the operation.

That quantity of foreign-origin gold, all of it in bar form, was recovered from the courier consignments that were intercepted during the coordinated operation, and it was seized under the relevant provisions of the customs law.