Banking GK Questions 2026

It keeps the Central KYC Records Registry, in which banks and other reporting entities file the KYC records of their customers with a unique KYC identifier.

It is a term deposit held in a permitted foreign currency such as the US dollar, pound sterling, euro or yen, for a period of one to five years, and both principal and interest are repaid in that currency, so a change in the rupee rate does not affect the…

Under the Banking Regulation Act as amended, a bank must transfer to this fund, maintained by the Reserve Bank of India, any deposit that has not been operated or claimed for ten years.

In a recurring deposit the customer promises to pay a fixed sum every month for a chosen period, and the bank pays interest at a rate close to that on a term deposit of the same maturity, the whole amount being returned with interest at the end.

A small account is opened for a person who has no officially valid document, on the strength of a self-attested photograph and a signature or thumb impression made before a bank officer.

The Deposit Insurance and Credit Guarantee Corporation, a wholly owned subsidiary of the Reserve Bank of India set up in 1978, insures deposits in commercial banks, regional rural banks, local area banks, payments and small finance banks and cooperative banks.

Banks classify customers as low, medium or high risk when the account is opened, on the basis of identity, social and financial standing and the nature of the expected business.

The Basic Savings Bank Deposit Account replaced the earlier no-frills account as the vehicle of financial inclusion.

The list of officially valid documents in the KYC rules is closed and contains the passport, the driving licence, proof of possession of an Aadhaar number, the voter identity card issued by the Election Commission, a job card issued under MGNREGA and signed by an officer of the state government…

Know Your Customer rules exist to stop the banking system being used to launder the proceeds of crime or to finance terrorism.

A current account is meant for traders, firms and companies that need to receive and pay money many times a day.

The Netherlands keeps Amsterdam as its constitutional capital, but the seat of government, the parliament, the residence of the monarch and the supreme court are all at The Hague.

The baht is the currency of Thailand, whose capital is Bangkok. Thailand is the only country in South East Asia that was never a European colony, and it is a founder member of the grouping known as ASEAN, whose headquarters is at Jakarta.

Wellington is the capital of New Zealand and sits at the southern end of the North Island, which makes it the southernmost national capital in the world.

The Turkish lira is the money of Turkey, whose capital is Ankara, not Istanbul. Istanbul is the largest city and the only city in the world spread over two continents, Europe and Asia, divided by the Bosphorus strait, which is why students wrongly treat it as the capital.

Kuala Lumpur remains the national capital of Malaysia and the seat of its parliament, but the offices of the government and the judiciary were shifted to the planned city of Putrajaya to ease the crowding of the capital.

The taka is the currency of Bangladesh, whose capital is Dhaka. Bangladesh was created in 1971 and shares the longest land border that India has with any country, touching West Bengal, Assam, Meghalaya, Tripura and Mizoram.

Naypyidaw became the capital of Myanmar in 2006, when the government moved out of Yangon, which had been the capital under the older name Rangoon.

South Africa is the standard example of a country with three capitals. Pretoria holds the executive and the office of the President, Cape Town holds the Parliament and is therefore the legislative capital, and Bloemfontein holds the Supreme Court of Appeal and is the judicial capital.

The ngultrum is the currency of Bhutan, whose capital is Thimphu. It is pegged to the Indian rupee at par, and the Indian rupee is accepted across Bhutan, which is why the two economies are closely tied.