Banking GK Questions 2026

In a free market, prices are set by buyers and sellers, not by the government. The price mechanism is how a market economy answers the basic questions of what to produce, how much and for whom.

Flash memory is erased electrically, not by ultraviolet light, so this is not one of its features. Flash memory is a type of EEPROM (electrically erasable programmable read-only memory) that can erase and rewrite whole blocks at a time, which makes it fast.

Bangabhaban in Dhaka is the official residence of the President of Bangladesh. The name itself carries the clue, since Banga is the old name of the Bengal region, and the building served earlier as the residence of the governor of East Bengal.

The Potala Palace rises above Lhasa, the chief city of Tibet, and was the winter palace of the Dalai Lamas from the seventeenth century.

The Danish architect Jorn Utzon won the competition for the Sydney Opera House, whose shell shaped roofs stand on Bennelong Point in Sydney harbour.

Big Ben is strictly the name of the large bell hung in the clock tower at the northern end of the Palace of Westminster.

This large hall on the western side of Tiananmen Square in Beijing is where the National People's Congress, China's legislature, holds its sessions, and where state ceremonies and receptions for visiting leaders are held.

Casa Rosada, the Pink House, stands on the Plaza de Mayo in Buenos Aires and is the office and ceremonial seat of the President of Argentina.

Lutyens was the chief architect of imperial New Delhi and designed the Viceroy's House, built between 1912 and 1929 on Raisina Hill.

The Pentagon stands at Arlington in Virginia, across the Potomac river from Washington D.C., and houses the American defence department along with the headquarters of its armed services.

Number 10 Downing Street has been the London house and the working office of the British Prime Minister since the eighteenth century, and the cabinet meets in it.

The Elysee Palace in Paris has been the official residence and working office of the President of the French Republic since the middle of the nineteenth century, and the French Prime Minister, who is the head of government, works separately from the Hotel Matignon.

Before it, the IIMs were registered societies that could give only post graduate diplomas, which created difficulty for students who wanted to go on to research degrees abroad.

That institution began in 1847 as the Thomason College of Civil Engineering, built to train engineers for the Ganga canal works, became the University of Roorkee in 1949 and was converted into IIT Roorkee in 2001, making it the seventh IIT and the one with the longest history behind it.

The Pradhan Mantri Swasthya Suraksha Yojana was launched in 2003 by the Ministry of Health and Family Welfare with two aims: to correct the uneven spread of good tertiary care across the country and to raise the number of medical seats.

The committee he headed in 1946 recommended higher technical institutions on the model of the Massachusetts Institute of Technology, to be placed in different parts of the country, and the first of them opened at Kharagpur in 1951.

The Health Survey and Development Committee of 1946, chaired by Sir Joseph Bhore, examined the health services of the country and recommended, among much else, a national medical centre that would set the standard for teaching and research.

The All India Institute of Medical Sciences Act was passed in 1956 and AIIMS New Delhi was founded that year as an autonomous Institute of National Importance, free to design its own courses and award its own medical degrees.

IIM Ahmedabad was founded in December 1961 with Harvard's help, which is why its teaching has always leaned on the case method.

It was set up in November 1961, a few weeks before IIM Ahmedabad, with the help of the Sloan School of Management of the Massachusetts Institute of Technology, the Ford Foundation and the Government of West Bengal, and it was the first management institute of its kind in the country.