Banking GK Questions 2026

A free good still uses up resources, and taxpayers pay for them. Opportunity cost is the value of the next best alternative given up when resources are used for something.

Statement 3 is wrong because the RBI uses CPI, not WPI, as its main measure of inflation. Food has a much larger weight in the CPI, close to half of the basket, than in the WPI, where food articles and manufactured food together form roughly a quarter.

Statement II is wrong because the 15th Finance Commission fixed the States' share at 41%, not 45%. The 15th Finance Commission, chaired by N. K. Singh, covered 2021-22 to 2025-26.

SAUBHAGYA, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, aimed to give an electricity connection to every household. The scheme was launched by the Ministry of Power in September 2017 and was carried out mainly through the Rural Electrification Corporation.

BHARAT TULIP is the brand the Ministry of Social Justice and Empowerment has built to widen the market for goods made by target-group artisans, taking them to digital platforms in India and abroad.

The Mysuru fair carries 83 stalls, of which 80 have gone to artisans, and 37 of those artisans are women.

The nine-day Shilp Samagam Mela 2026 is laid out at the Mysuru Dasara Exhibition Grounds, and the Union Secretary of the Ministry of Social Justice and Empowerment, Sudhansh Pant, went round its stalls during a two-day official visit to the city.

DigiPost is a phygital mail service of the Department of Posts under which traffic e-challans issued by the Gujarat Police are transmitted digitally and then delivered in physical form to the citizen concerned.

Since 2 October 2026 the Department of Posts disposed of 3,06,026 kg of scrap and that fetched revenue of Rs 67.56 lakh.

Under Special Campaign 6.0 the Department of Posts set three targets: resolution of 1,50,000 public grievances, disposal of 1,500 appeals and cleanliness drives at 1,35,000 sites across the country.

Special Campaign 6.0 is being carried out at postal establishments throughout the country over that month by the Department of Posts, which comes under the Ministry of Communications.

The Asian Para Games are the continental competition for para-athletes, and the 2026 edition opened in Aichi-Nagoya with an Indian contingent of such sportspersons taking part.

The Asian Para Games of this edition got under way on that day in Aichi-Nagoya, and the Indian contingent of para-athletes began its campaign there.

The Asian Para Games 2026 opened there, and the Indian contingent of para-athletes is competing at that venue.

NCRTC is developing a captive solar power plant of this size, and it also runs a programme called Solar on Track, so that the corridor costs less to operate and places a lighter burden on the environment.

It built and runs the Namo Bharat service and it organised Namo Bharat Diwas in New Delhi, where its Managing Director Shalabh Goel welcomed the Union Minister of Housing and Urban Affairs and Power, Manohar Lal.

On that day the Prime Minister dedicated the full Delhi-Ghaziabad-Meerut corridor to the nation, and Meerut Metro was handed over at the same time.

The Namo Bharat regional rapid rail corridor runs from Delhi to Meerut through Ghaziabad and measures 82 km end to end.

Gross primary deficit is the fiscal deficit minus interest payments: 50,000 − 1,500 = ₹48,500 crores. The fiscal deficit is total expenditure minus total receipts other than borrowings, so it already takes account of non-debt capital receipts such as recovery of loans and disinvestment proceeds.

Legal tender is money that the law says must be accepted in payment of a debt. In India, banknotes issued by the Reserve Bank under the RBI Act, 1934 are unlimited legal tender: no one can refuse them for any amount.