IBPS GK Questions 2026

As lender of last resort, the RBI provides liquidity to banks facing a temporary crisis, so only statement 2 fits.

The word joins bank and assurance and describes the arrangement by which an insurer uses a bank branch network and customer base to sell policies while the bank earns fee income as a corporate agent or broker; it is a permitted para banking activity in India.

Para banking covers the financial services a bank may offer besides pure banking once the Reserve Bank of India allows it, such as distributing insurance policies and mutual fund units, equipment leasing, hire purchase, factoring, portfolio management and acting as a pension fund adviser, done departmentally or through a subsidiary.

Under the Reserve Bank of India directions on certificates of deposit, a certificate is issued for a minimum of ₹5 lakh to a single investor and thereafter in multiples of ₹5 lakh, which keeps the instrument in the hands of companies, trusts and institutions rather than small savers; it is…

A gold loan is a small, standardised, secured advance given to an individual against jewellery and belongs squarely to retail banking.

Under narrow banking a bank keeps taking deposits but parks them in short-term government securities instead of lending, so no new credit risk is created while its old bad loans are recovered or written off; the Tarapore Committee of 1997 suggested this for weak Indian banks.

Passed in 1933 after the stock market crash and the Great Depression, it stopped a deposit-taking commercial bank from doing securities business and also brought in federal deposit insurance, because lawmakers believed that speculation with depositors money had deepened the crisis.

Issue management, underwriting, book building and the rest of investment banking touch the securities market, which is SEBI domain, and a firm must hold a certificate of registration as a merchant banker under the SEBI (Merchant Bankers) Regulations, 1992; the lead manager to any public issue must be such a…

ICICI was set up as a development financial institution for long-term industrial finance, and in 2002 it merged into its own banking subsidiary ICICI Bank.

The Reserve Bank of India set up a Working Group under S. H. Khan, then chairman of IDBI, to examine the roles of development financial institutions and banks; its 1998 report recommended that the two be harmonised and that India move towards universal banking, which is why the idea is…

CASA stands for current account and savings account balances. A current account earns no interest and a savings account earns a low rate, so the money a bank collects through them costs it far less than any other source, and gathering such balances from lakhs of individuals is exactly what…

Bt cotton carries genes from the soil bacterium Bacillus thuringiensis, which make the plant produce a protein toxic to bollworm larvae.

The Genome India Project was launched in January 2020 by the Department of Biotechnology, which works under the Ministry of Science and Technology, and brings together about twenty academic institutions to sequence Indian genomes and build a reference set that reflects the country's genetic diversity.

The Centre for DNA Fingerprinting and Diagnostics was established in 1995 as an autonomous institution of the Department of Biotechnology and works at Hyderabad on DNA fingerprinting services, diagnostics of genetic disorders and research in genomics.

In the Watson and Crick model the two strands are held together by hydrogen bonds between complementary bases: adenine pairs with thymine through two hydrogen bonds and guanine pairs with cytosine through three.

The polymerase chain reaction, invented by Kary Mullis in 1983, repeats three steps: the DNA is denatured near ninety-five degrees Celsius, short primers anneal at a lower temperature, and the strand is extended at about seventy-two degrees.

The Human Genome Project was launched in 1990 as an international public effort coordinated in the United States by the National Institutes of Health and the Department of Energy, with laboratories in several countries taking part.

Each nucleotide of DNA carries a phosphate group, and the phosphate backbone gives the whole molecule a net negative charge at the pH used in the laboratory.

Cas9 is an enzyme that breaks the sugar-phosphate backbone of both DNA strands at the point where its guide RNA has bound, provided a short adjacent signal called the PAM is present.

The two scientists showed that the bacterial CRISPR-Cas9 system could be directed by a designed guide RNA to cut any chosen sequence of DNA, which turned a microbial defence mechanism into a general tool for editing genomes, and they shared the Nobel Prize in Chemistry in 2020.