IBPS GK Questions 2026

The Reserve Bank Innovation Hub was set up in 2020 at Bengaluru as a wholly owned subsidiary of the Reserve Bank to build products that deepen financial inclusion, and the Unified Lending Interface, a common platform through which lenders can draw authenticated data for credit appraisal, grew out of its…

RTGS, which settles large-value transactions one by one in real time, and NEFT, which settles in batches, are both owned and operated by the Reserve Bank, and both have been available round the clock on all days.

The guidelines issued in September 2022 require that all loan money move directly between the borrower’s bank account and the bank account of the regulated entity, that is the bank or non-banking finance company doing the lending, without any pool or pass-through account of a third party in between.

e-RUPI is a prepaid electronic voucher, delivered to the beneficiary as an SMS string or a QR code, which can be redeemed only by the named person and only for the named purpose, for example a vaccination or a diagnostic test.

The retail digital rupee earns no interest, and this is a deliberate design decision: an interest-bearing CBDC would pull money out of bank deposits and shrink the funds banks have to lend, so the Reserve Bank kept it non-interest bearing like cash.

The National Payments Corporation of India was incorporated in 2008 at the initiative of the Reserve Bank of India and the Indian Banks’ Association as the umbrella organisation for retail payments in India, and it is a not-for-profit company under what is now Section 8 of the Companies Act.

An FIP is the institution that already holds the customer’s data — a bank, a non-banking finance company, an insurer, a mutual fund or a pension fund — and releases it when a valid consent artefact is presented.

The digital rupee is money, a liability of the Reserve Bank, so a transfer from one wallet to another is final the moment it happens and no interbank settlement follows.

The wholesale pilot began on 1 November 2022 with a small group of banks, and its first use case was settling the secondary market leg of Government security trades, because that removes the need for a separate settlement guarantee arrangement and frees collateral.

The Finance Act, 2022 amended Section 2 of the Reserve Bank of India Act so that the expression bank note includes a bank note issued in digital form, which gave the digital rupee the status of legal tender.

Who Says Elephants Can't Dance? was written by Louis V. Gerstner Jr. and published in 2002.

The founder of the Essel group and of Zee, India's first privately owned Hindi satellite channel, told his story in The Z Factor, written with Pranjal Sharma.

The founder of Infosys gathered his lectures and convocation addresses into A Better India: A Better World, published in 2009, on themes of fairness in business, the duties of the educated and what he called compassionate capitalism.

Made in Japan was written by Akio Morita, who founded Sony with Masaru Ibuka, and it appeared in 1986.

Lean In was published in 2013 by Sheryl Sandberg, then Chief Operating Officer of Facebook, and argues that women hold themselves back at work in ways that can be named and corrected, from leaving before they leave to underestimating their own readiness for a role.

Stay Hungry Stay Foolish appeared in 2008 and carries twenty-five profiles of entrepreneurs who had studied at the Indian Institute of Management, Ahmedabad, grouped by whether they were born to business, were self-made or were driven by a cause.

Hit Refresh was published in 2017 by Satya Nadella, who became Chief Executive Officer of Microsoft in 2014.

Shoe Dog: A Memoir by the Creator of Nike was written by Phil Knight and published in 2016.

Kurien, the mechanical engineer who built the Amul co-operative at Anand in Gujarat and headed the National Dairy Development Board, told his story in I Too Had a Dream, written with Gouri Salvi and published in 2005; his earlier volume of lectures is An Unfinished Dream.

Nilekani, a co-founder of Infosys and the first Chairman of the Unique Identification Authority of India, published Imagining India: Ideas for the New Century in 2008; it argues that India's young population, its cities and its technology can be turned from problems into assets.