Banking GK Questions 2026

The All India Rural Credit Survey Committee found that rural credit needed a bank with a nationwide branch network, so Parliament passed the State Bank of India Act, 1955, and the Imperial Bank of India was taken over and renamed the State Bank of India with effect from 1 July…

The original capital at Sarnath rests on an inverted lotus shaped like a bell, and that part was deliberately omitted from the State Emblem, which begins at the abacus.

He was a freedom fighter from the Machilipatnam region of present day Andhra Pradesh who studied flags for years and presented a design to Mahatma Gandhi at Vijayawada in 1921.

His design won a public competition and the Union Cabinet approved it on 15 July 2010.

The Saka calendar was adopted as the National Calendar with effect from 22 March 1957, which was the first of Chaitra in the Saka year 1879.

Platanista gangetica, the South Asian river dolphin of the Ganga, Brahmaputra and Meghna systems, was notified as the National Aquatic Animal in 2009.

Bankim Chandra Chatterjee composed Vande Mataram in Sanskritised Bengali and later placed it in his novel Anandamath, published in 1882, where the ascetic rebels sing it.

Rabindranath Tagore's Bengali song was sung for the first time at the Calcutta session of the Indian National Congress on 27 December 1911.

Satyameva Jayate, meaning truth alone triumphs, comes from a verse of the Mundaka Upanishad, which belongs to the Atharva Veda.

The Flag Code of India fixes the shape of the National Flag as a rectangle whose width stands to its length as two to three, so a flag six hundred millimetres in length is four hundred millimetres in height.

The Constituent Assembly adopted the tricolour on that day, a few weeks before independence, after a committee under Dr Rajendra Prasad settled the design.

The Indian elephant, Elephas maximus indicus, was declared the National Heritage Animal in 2010 on the recommendation of the Elephant Task Force, so that its protection could be given the same weight as that of the tiger.

The State Emblem of India was adopted on the day the Constitution came into force and the country became a Republic.

The Reserve Bank opened at Calcutta in 1935 and moved its central office permanently to Bombay two years later, which is where the Governor sits and where policy is announced.

It makes the Reserve Bank the designated authority for the regulation and supervision of payment systems in India, so that no person may operate a payment system without its authorisation.

Since 1957 India has followed the Minimum Reserve System of note issue, under which the Reserve Bank must keep assets worth at least two hundred crore rupees against the notes in circulation, of which gold must be worth at least one hundred and fifteen crore rupees and the remainder may…

It is the classic central bank function: when a bank is solvent but short of cash and neither the market nor other banks will lend to it, the Reserve Bank lends against eligible securities so that a local shortage does not turn into a general panic and a run on…

The Committee was created by the amendment of the Reserve Bank of India Act in 2016.

The one rupee note is issued by the Government of India through the Ministry of Finance and carries the signature of the Finance Secretary, not of the Governor.

He was the first Governor of the Reserve Bank, taking charge when the Bank opened in 1935, and he had earlier been a managing governor of the Imperial Bank of India.