Banking GK Questions 2026

After the war of December 1971 and the creation of Bangladesh, the two countries met at Shimla and agreed on 2 July 1972 to settle their differences bilaterally and by peaceful means, to respect the line of control in Jammu and Kashmir resulting from the ceasefire, and to work towards…

In July 1969 the government of Indira Gandhi nationalised the fourteen largest commercial banks, each with deposits above fifty crore rupees, in order to take banking to the villages and to direct credit towards agriculture, small industry and the weaker sections, which were together termed the priority sectors.

The agreement was signed at Tashkent, then in Soviet Uzbekistan, on 10 January 1966 by Prime Minister Lal Bahadur Shastri and President Ayub Khan of Pakistan, with the Soviet Premier Alexei Kosygin acting as host and mediator.

The slogan Jai Jawan Jai Kisan, the start of the Green Revolution and the war of 1965 belong to his short term.

The Consumer Protection Act requires a complaint to be filed within two years from the date on which the cause of action arose, that is from the date of the defect, the deficiency in service or the unfair trade practice complained of.

The Act of 2019 devotes a separate chapter to it, making a manufacturer, a product seller or a product service provider liable to pay compensation for harm caused by a defective product or a deficient service, whether the defect lies in manufacture, design, the deviation from specifications, a warranty or…

A cartel is a horizontal agreement, that is one between enterprises at the same level of the production or supply chain, to fix prices, limit or control output, share markets or territories, or rig bids in a tender.

Appeals from the Commission were earlier heard by the Competition Appellate Tribunal, and that work was transferred to the National Company Law Appellate Tribunal, from whose order a further appeal lies to the Supreme Court.

The MRTP Act treated size itself as a danger and required large undertakings to obtain approval for expansion, which suited a controlled economy.

National Consumer Day marks the day on which the Consumer Protection Act, 1986 received the assent of the President of India, and it is observed every year with campaigns on consumer rights and on the machinery available for redressal.

It is headed by a sitting or retired judge of the Supreme Court, hears complaints above the pecuniary limit prescribed for the State Commissions, and also hears appeals from them.

The CCPA is a regulator created by that Act to protect the interests of consumers as a class, and not merely to decide an individual complaint.

The new Act widened the definition of a consumer to cover online, teleshopping and multi-level marketing purchases, created the Central Consumer Protection Authority, introduced product liability and rules for electronic commerce, allowed mediation and e-filing, and renamed the three redressal bodies as Commissions.

The Competition Act, 2002 rests on three pillars, and freedom of trade is the very thing it protects, so no provision of it prohibits trade; on the contrary, the Act opens by stating that it seeks to ensure freedom of trade carried on by other participants in markets in India.

The Consumer Protection Act, 1986 created a three-tier machinery and fixed a money limit for each tier: the district forum could hear a complaint where the value of the goods or services and the compensation claimed did not exceed twenty lakh rupees, the state commission took claims above that limit…

Human capital formation means raising people's knowledge, skills and abilities, which is a form of intangible wealth. Human capital is the stock of education, skill, health and experience that makes people productive.

Procurement at MSP is limited, and MSP is a floor price that market prices often exceed. The Government announces MSPs for 22 mandated crops on the recommendation of the Commission for Agricultural Costs and Prices (CACP).

Economic development means better lives for people, so rising income alone is not development if poverty and joblessness are growing.

The coal industry was nationalised under Indira Gandhi, but coal blocks are not given by lottery and India still imports coal.

Statement II is wrong because the IBRD works alongside other World Bank Group institutions and partners, not single-handedly. The IBRD was set up at the Bretton Woods Conference in 1944, together with the IMF.