Banking GK Questions 2026

The cash reserve ratio is the share of a bank's net demand and time liabilities that it must maintain as cash balances with the Reserve Bank.

The National Bank for Agriculture and Rural Development was set up on 12 July 1982 on the recommendation of the committee headed by B. Sivaraman, and it took over the agricultural credit functions until then performed by the Reserve Bank and the refinance work of the Agricultural Refinance and Development…

The Reserve Bank began in 1935 as a shareholders' bank with privately held capital.

The one rupee note and all coins are issued by the Government of India through the Ministry of Finance, and the one rupee note carries the signature of the Finance Secretary rather than that of the Governor of the Reserve Bank.

On 19 July 1969 the government nationalised fourteen of the largest commercial banks in the country, the aim being to take banking to rural areas, direct credit to agriculture and small industry, and end the concentration of bank funds in a few business houses.

In a repurchase or repo transaction a bank sells government paper to the Reserve Bank and agrees to buy it back shortly afterwards at a slightly higher price; the difference works out as interest at the repo rate.

M3 is M1 plus time deposits with banks, and it is called broad money or the aggregate monetary resource. It is the measure the Reserve Bank follows most closely because it captures both spendable balances and funds held for a fixed term.

The Reserve Bank of India was constituted under the Reserve Bank of India Act of 1934, on the recommendation of the Hilton Young Commission, and started functioning on 1 April 1935 with its central office at Calcutta, which was shifted permanently to Bombay in 1937.

Sambhar Lake lies west of Jaipur in Rajasthan, has no outlet to the sea and loses water only by evaporation, so salts brought in by seasonal streams accumulate in it.

The Montreux Record names sites already on the Ramsar list where the ecological character has changed, is changing or is likely to change because of pollution, drainage, encroachment or other human interference.

Designated in 2008 in Gujarat, it covers the largest area of any biosphere reserve in India, taking in the marine national park and sanctuary of the gulf together with its islands, coral reefs, mangroves and mudflats, which support corals, dugongs, dolphins and large numbers of migratory shorebirds.

The core zone is the innermost and the only strictly protected part of a biosphere reserve, usually already notified as a national park or a wildlife sanctuary.

Both were placed on the Ramsar list in 1981 and were the first Indian wetlands to be so recognised.

The United Nations Educational, Scientific and Cultural Organization launched the Man and the Biosphere Programme in 1971 as an intergovernmental scientific programme to improve the relationship between people and their environment, and the sites recognised under it form the World Network of Biosphere Reserves.

Loktak, in Manipur, is the largest freshwater lake of north-east India, and its surface carries phumdis, thick floating mats of vegetation, soil and organic matter that rise and fall with the water level.

The Nilgiri Biosphere Reserve, spread across Tamil Nadu, Kerala and Karnataka in the Western Ghats, was designated in 1986 as the first biosphere reserve of India, and in 2000 it also became the first Indian reserve to be included in the UNESCO World Network of Biosphere Reserves.

The Ramsar Convention was signed on 2 February 1971, and that anniversary is observed each year as World Wetlands Day to draw attention to the services wetlands provide, such as flood control, groundwater recharge, water purification and habitat for migratory birds.

The Convention on Wetlands of International Importance was signed on 2 February 1971 in the Iranian city of Ramsar, on the shore of the Caspian Sea, which gave the treaty its popular name.

The Foreign Exchange Management Act was passed in 1999 and came into force on 1 June 2000, replacing the Foreign Exchange Regulation Act of 1973.

Value added tax replaced the old general sales tax from 1 April 2005, when most states adopted it on the recommendation of the empowered committee of state finance ministers.