Banking GK Questions 2026

Base Erosion and Profit Shifting (BEPS) describes how multinationals shrink their tax base in one country by moving profits to low-tax places.

The Financial Stability and Development Council (FSDC) is chaired by the Union Finance Minister and oversees macroprudential supervision, but it has nothing to do with NITI Aayog.

Buying securities puts money into the economy and raising the cash reserve ratio takes it out, but raising the bank rate reduces money supply instead of increasing it.

Section 110 of that Act lets a customs officer seize goods believed liable to confiscation, and it was used to take the 43.2 lakh foreign-origin cigarettes and the truck carrying them in Mizoram.

Officers of the Aizawl Regional Unit of the Directorate of Revenue Intelligence mounted surveillance along the Champhai-Aizawl Road and stopped the truck at Tuirial village, where a search produced 432 cases containing 43.2 lakh cigarette sticks of the Patron brand worth Rs 8.64 crore.

The Directorate of Revenue Intelligence put that value on the 43.2 lakh foreign-origin cigarette sticks it seized in Mizoram, a haul of 432 cases of the Patron brand recovered from a truck.

Ganja is a narcotic drug, so the 591.3 kg recovered in Uttar Pradesh and the truck in which it travelled were both seized under that statute, which governs narcotic and psychotropic offences in India and allows the conveyance used in the crime to be taken as well.

The intelligence that set off the operation said the truck carrying ganja from Nepal would come into Uttar Pradesh through Sonauli, so officers of the Directorate of Revenue Intelligence at Gorakhpur built their surveillance around that crossing, helped by teams at Lucknow, Patna and Varanasi.

The Directorate of Revenue Intelligence seized 591.3 kg of ganja from a truck in Uttar Pradesh in an operation carried out during 17 and 18 October 2026.

Saudi Arabia listed cooperation on such transmission systems as one of its priorities in the meeting with the Indian power ministry.

The Saudi side named four specific subjects for closer work, and the first three options are exactly three of them.

The correct answer is the Secretary, Ministry of Power, Pankaj Agarwal, who held the virtual bilateral meeting with his Saudi counterpart to review progress on the proposed cross-border link.

The camps will run awareness sessions on financial inclusion schemes, on digital frauds and on this drive, which concerns financial assets lying unclaimed with banks and other institutions.

DFS is the department of the Ministry of Finance that handles banks, insurance and pension schemes, so the financial inclusion drive sits with it, and its Joint Secretary for financial inclusion chaired the preparatory meeting with the senior management of banks and the State Level Bankers Committee.

The Department of Financial Services fixed this window for the countrywide drive, which reaches every gram panchayat and urban local body and asks banks to hold camps through the period.

The Kiwifruit Action Plan has named Pfutsero in Nagaland and Magra in Uttarakhand as its first-phase sites, where New Zealand is giving technical help to set up centres of excellence.

Under the pact New Zealand has undertaken to facilitate investment of this size into India, and the money is expected to flow into agriculture, manufacturing, infrastructure and start-ups, supporting innovation, enterprise and job creation in line with the Make in India push.

The commerce ministers of the two countries announced jointly that the trade pact would take effect on this date, which fell on Vijay Dashmi, a day read as a mark of victory and fresh beginnings.

His research is directed at sustainable answers to environmental problems, with plastic waste and pollution at its centre, and the ministry has presented his case as an illustration of how timely financial support helps a scholar from a disadvantaged background stay in research.

That is the total assistance received by Dr Shrikant Dilip Khandare under the National Fellowship for Scheduled Caste Students, made up of fellowship support together with House Rent Allowance, with payments beginning in October 2019.