IBPS GK Questions 2026

A credit score is built only from credit behaviour reported by lenders, so income, the balance in a savings account, the deposits held with a bank, and matters such as caste or religion are not part of it; a lender looks at income separately when it assesses whether a borrower…

The Reserve Bank has directed every credit information company to provide one free full credit report to an individual once in each calendar year, on request, so that a borrower can check the record and have an error corrected before applying for a loan.

The correct answer is C, in default or expected to be in default soon.

On the standardised long-term scale, AAA means the highest degree of safety for the timely servicing of interest and principal, followed by AA for high safety, A for adequate safety and BBB for moderate safety, and running down through BB, B and C to D for default.

CARE is a credit rating agency registered with SEBI, which rates debt instruments and the companies that issue them; it does not keep the credit histories of individuals.

The Investment Information and Credit Rating Agency of India Limited was set up in 1991 with the Industrial Finance Corporation of India as its promoter, and Moody's later acquired a majority stake in it.

TransUnion CIBIL computes its score for individual borrowers on a scale from 300 at the lowest to 900 at the highest, and a few months of credit history are needed before any score can be generated; a person who has never borrowed is shown with a no history marker rather…

The Credit Rating Information Services of India Limited was set up in 1987 as India's first credit rating agency, promoted by ICICI and the Unit Trust of India, and the global firm S and P Global later became its majority shareholder.

This Act created the framework for credit bureaus, requiring them to register with the Reserve Bank of India, obliging banks and other credit institutions to become members and to furnish data, and giving borrowers the right to see and correct their own records.

Credit rating agencies rate securities offered to the public, so they fall within the securities market and work under the SEBI (Credit Rating Agencies) Regulations of 1999, framed under the SEBI Act of 1992; no agency may rate a public issue of debt without registration with SEBI.

Firmware is program code written into a read-only or flash memory chip on a device, so it stays with the hardware even when the power is off; the BIOS or UEFI on a motherboard, which starts the machine and hands control to the operating system, is the example papers name…

A compiler reads the whole source program written in a high-level language, converts it into machine code in one pass of work and reports all the errors it finds together, after which the compiled program runs quickly without the translator being present.

Bharat Operating System Solutions is built on Debian GNU/Linux by the Centre for Development of Advanced Computing, the research organisation under the Ministry of Electronics and Information Technology that is also known for the PARAM series of supercomputers; BOSS comes in versions for schools, for desktops and for servers, with…

The Linux kernel has been distributed under the GPL since its early versions, which is why anyone who ships a modified kernel must also make the modified source code available; this copyleft condition is the licence's defining feature.

Richard Stallman announced the GNU Project in 1983 to build a complete operating system made only of free software, and in 1985 he founded the Free Software Foundation to support it; he also wrote the GNU General Public License, which carries the copyleft condition that a modified version must be…

Linus Torvalds, then a student in Finland, wrote the Linux kernel in 1991 and released it under the GNU General Public License, which is why Linux is the standard example of open source software in question papers.

Shareware follows the try before you buy model: the publisher lets anyone download and use the program for a trial period, or in a version with some features locked, and asks for payment or registration if the user wants to go on.

Freeware costs the user nothing, but the licence allows only use: the source code stays with the owner, so the program cannot be studied, modified or redistributed in a changed form.

A defragmenter is a classic utility: it rearranges the scattered pieces of files on a disk so that the drive can read them in fewer movements, which is housekeeping work rather than work the user set out to do.

System software manages the machine itself and gives other programs a place to work: it includes the operating system, device drivers, the language translators and the utility programs.