IBPS GK Questions 2026

The one rupee note is issued by the Government of India under the Coinage Act and carries the signature of the Finance Secretary, while every other denomination is a banknote issued by the Reserve Bank under Section 22 of its Act and carries the signature of the Governor.

Section 22 of the Reserve Bank of India Act, 1934 confers on the Reserve Bank the sole right to issue banknotes in India, and the Issue Department of the Bank keeps this function separate from its banking business.

Muhammad Yunus began lending very small sums to poor women in groups, without collateral, and the experiment became the Grameen Bank; he and the bank were awarded the Nobel Peace Prize in 2006, and the model was studied by every country that later took up microfinance.

The correct answer is A, the Ministry of Rural Development, which runs the mission to organise poor rural households, mainly women, into self-help groups, give each group a revolving fund and a community investment fund, federate the groups at village and cluster level and arrange bank credit with interest subvention.

Kudumbashree, which means prosperity of the family, was launched in 1998 as a poverty eradication and women's empowerment mission of the State government working through neighbourhood groups, area development societies and community development societies, and it is among the largest women's networks in the country.

The correct answer is B, Verghese Kurien, who built the dairy cooperative of Kaira district at Anand in Gujarat, known by the brand name Amul, and then carried the Anand pattern across the country through the National Dairy Development Board, whose Operation Flood began in 1970 and made India the…

The size is deliberate: large enough for the pooled savings to be useful and for the group to stand behind each loan, and small enough for every member to attend a weekly meeting, know every other member and keep the accounts without outside help.

NABARD began the programme as a pilot, linking a few hundred self-help groups to banks so that a group with a record of regular saving and internal lending could borrow as a single account, and it has grown into the largest microfinance programme in the world measured by households reached.

The correct answer is C, the Primary Agricultural Credit Society, the body of farmer members in a village or a group of villages that lends directly to the cultivator for seed, fertiliser and other short-term needs.

The National Bank for Agriculture and Rural Development began work on 12 July 1982 on the recommendation of the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, chaired by B. Sivaraman, and it has its head office at Mumbai.

The correct answer is B, Part IXB, made up of Articles 243ZH to 243ZT, which the Constitution (Ninety-seventh Amendment) Act, 2011 inserted to lay down rules on the board of a cooperative society, its five-year term, reservation of seats, audit and elections.

The correct answer is B, the State List, where cooperative societies appear as entry thirty-two, which is why every State has its own cooperative societies Act and its own registrar of cooperative societies.

It was the first law on the subject and gave village credit societies a legal form, following the recommendation of the Famine Commission and the study of European land banks by Frederick Nicholson, with the German Raiffeisen societies as the model.

Fourth-generation computers, from about 1971, were built around the microprocessor, a whole CPU on a single chip. Computer generations are named after the main switching technology of the time.

This investment has been grounded across the eight northeastern states following the Rising North East Investors Summit held in May 2025.

Lowering the population floor lets banks open branches in smaller habitations, which matters in a region where settlements are scattered across hills.

Mr Scindia used this figure to argue that financial inclusion in the region has not yet turned into economic inclusion: deposits are being collected, but lending lags behind.

Union Minister for Development of North Eastern Region and Communications Jyotiraditya M. Scindia inaugurated the conclave there, with Mizoram Chief Minister Lalduhoma, State Minister Prof. Lalnilawma, MDoNER Secretary Srinivas Katikithala and NEC Secretary Satinder Kumar Bhalla present.

CAR is the cushion of a bank's own capital against losses from loans that are not repaid, and its minimum is fixed by the regulator, not by each bank.

NPCI runs the National Financial Switch (NFS), the network that connects the ATMs of banks across India. The National Financial Switch lets a customer of one bank withdraw cash or check a balance at another bank's ATM.