Banking GK Questions 2026

IBM and Coca-Cola wound up their Indian operations in 1977 rather than dilute their holdings to 40 per cent. The Foreign Exchange Regulation Act, passed in 1973, required foreign companies to cut their equity in Indian subsidiaries to that level and to obtain permission for most dealings in foreign exchange.

The language panel on the reverse of an Indian banknote carries the value of the note in 15 languages. Hindi and English are not part of that panel: they appear on the front of the note, so the total number of languages printed on a note comes to 17.

Gross Domestic Product counts the value of final goods and services produced inside a country during a year. Only final output is added, because the value of intermediate goods is already inside the price of the finished product, and counting both would be double counting.

Amartya Sen received the Nobel Memorial Prize in Economic Sciences in 1998 for his contributions to welfare economics.

The reverse repo rate is what the Reserve Bank pays banks when it takes their surplus cash for a short period.

Dairying takes its produce directly from nature, so it belongs to the primary sector. Economic activity is usually grouped in three sectors.

The Saraswati Samman is a literary award given for an outstanding work of prose or poetry. It was started in 1991 by the K.K.

Net Domestic Product is what is left of the domestic product after setting aside the wear and tear of capital.

IMPS is an interbank money transfer service run by the National Payments Corporation of India, launched in November 2010. Its great advantage is that it works round the clock, on holidays and at night, and the money reaches the beneficiary within seconds.

In Microsoft PowerPoint, pressing Ctrl + M adds a new slide right after the one you are on, using the layout of the current slide.

Zero-based budgeting was first put to use in the United States. Peter Pyhrr developed it at Texas Instruments around 1970, and Jimmy Carter, then Governor of Georgia, applied it to a state budget in 1973 and later carried it to the federal government as President.

Bandhan began in 2001 at Kolkata as a microfinance body serving poor women in eastern India, and its head office has stayed in that city.

Windows is proprietary, or closed-source: Microsoft keeps its source code private and sells it under a licence that does not let users study, change or redistribute the code.

A hawkish stand means the central bank is more worried about inflation than about slow growth, so it leans towards raising the policy rate and tightening money.

A hard disk is secondary storage: the CPU cannot work on its contents directly, and data must first be copied into main memory.

The Industrial Development Bank of India has its head office in Mumbai, the capital of Maharashtra, at the IDBI Tower in Cuffe Parade.

The all-India Index of Industrial Production is compiled with 2011-12 as its base year, a revision announced in 2017 that replaced the older 2004-05 base.

A memory card keeps data in flash memory, a semiconductor chip with no moving parts, so it is solid-state storage and not magnetic.

SAARC, the South Asian Association for Regional Cooperation, has eight members — Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.

The public sector is owned and run by the government, and its guiding aim is social welfare rather than profit.