IBPS GK Questions 2026

Muhammad Yunus built the bank on the idea that very small loans without collateral, given mostly to women organised in groups that guarantee one another, are repaid reliably, and the Nobel Peace Prize of 2006 was awarded jointly to him and to the bank.

The National Bank for Agriculture and Rural Development launched the programme as a pilot in 1992, connecting savings groups, mostly of women, directly to bank branches for credit, and by the number of households covered it became the largest microfinance programme in the world.

The cap covers the repayment of all loans of the household taken together, not only the microfinance loan being considered, and the lender must assess household income and existing debt before sanctioning, which is the framework's main protection against over-indebtedness.

The framework defines a microfinance loan by the borrower's household income rather than by the size of the loan or the kind of lender, and the same definition applies to a bank, a small finance bank, an NBFC and an NBFC-MFI alike, which was the main reform the framework brought.

After the microfinance crisis in Andhra Pradesh in 2010, the Reserve Bank appointed a sub-committee of its central board under Y. H. Malegam to study the lending practices of microfinance institutions, and its report of January 2011 led to the NBFC-MFI being carved out as a distinct category with its…

A non-deposit-taking NBFC of that size is classified as systemically important, written as NBFC-ND-SI, and becomes subject to prudential norms on capital adequacy, exposure and disclosure that smaller companies escape.

The layers are the Base Layer, the Middle Layer, the Upper Layer and the Top Layer, and the regulation becomes stricter as a company moves up, so that supervision matches the risk a company poses to the system.

The Reserve Bank uses what the industry calls the fifty-fifty test: both conditions must hold, so financial assets must be more than half of total assets and the income from those assets must be more than half of gross income.

An NBFC cannot accept demand deposits, cannot issue cheques drawn on itself, is not part of the payment and settlement system, and its depositors do not have the cover of the Deposit Insurance and Credit Guarantee Corporation.

The section was inserted by the Reserve Bank of India (Amendment) Act of 1997 and requires an NBFC to hold a certificate of registration from the Reserve Bank and to maintain the prescribed minimum net owned fund before it can carry on business.

The name means the four limbs, standing for the four divisions of the ancient army, elephants, chariots, cavalry and infantry, which survive as the bishop, the rook, the knight and the pawn of the modern board.

The correct answer is B, Sri Lanka, which declared volleyball its national sport in 1991.

The correct answer is A, Manipur, where the horseback game sagol kangjei was played and from which British planters and officers took up the modern form; the earliest clubs of the modern game were founded at Silchar and Calcutta.

British officers stationed there are credited with adding coloured balls to the existing game of black pool in 1875, and the new game took the name snooker, then army slang for a first-year cadet.

The correct answer is B, Argentina, which declared pato its national sport in 1953; the game is played by riders who must carry a handled ball and throw it through a vertical ring.

Jigoro Kano founded judo in 1882 at the Kodokan in Tokyo, building a grappling sport of throws and holds out of the older jujitsu, and judo entered the Olympic programme at the Tokyo Games.

The shuttle-and-racket game was played at Poona, now Pune, where British officers took it up; it was long known simply as Poona, and they carried it home where its rules were later settled.

The National Sports of Canada Act of 1994 names lacrosse as the national summer sport and ice hockey as the national winter sport, which makes Canada one of the few countries whose national games rest on a statute rather than on custom.

The correct answer is B, Bhutan, where archery is the official national sport and village tournaments with song and dance are part of festival life.

Morgan, working in Holyoke in the United States, designed volleyball as a gentler indoor game than the newly invented basketball, and a team plays six players on court.