IBPS GK Questions 2026

It makes the Reserve Bank the designated authority for the regulation and supervision of payment systems in India, so that no person may operate a payment system without its authorisation.

Since 1957 India has followed the Minimum Reserve System of note issue, under which the Reserve Bank must keep assets worth at least two hundred crore rupees against the notes in circulation, of which gold must be worth at least one hundred and fifteen crore rupees and the remainder may…

It is the classic central bank function: when a bank is solvent but short of cash and neither the market nor other banks will lend to it, the Reserve Bank lends against eligible securities so that a local shortage does not turn into a general panic and a run on…

The Committee was created by the amendment of the Reserve Bank of India Act in 2016.

The one rupee note is issued by the Government of India through the Ministry of Finance and carries the signature of the Finance Secretary, not of the Governor.

He was the first Governor of the Reserve Bank, taking charge when the Bank opened in 1935, and he had earlier been a managing governor of the Imperial Bank of India.

Formally the Royal Commission on Indian Currency and Finance, it reported in 1926 and recommended that the currency and credit functions then divided between the Government and the Imperial Bank be placed in a single central bank.

The Reserve Bank of India Act was passed in 1934 and the Bank began work on the first day of April in the following year, with its central office at Calcutta.

Policy rates are announced by the Reserve Bank, and since 2016 the decision is taken by its Monetary Policy Committee of six members under the chairmanship of the Governor.

The Reserve Bank of India Act, 1934 is the statute that created the Bank and it carries the provisions on the custody and deployment of the country's foreign exchange reserves, which the Bank holds and invests.

The Reserve Bank of India began as a shareholders' bank and was taken into public ownership on 1 January 1949 under the Reserve Bank (Transfer to Public Ownership) Act, 1948.

The US Open is played at the USTA Billie Jean King National Tennis Center in the Flushing Meadows park of the New York borough of Queens, on hard courts, in the last week of August and the first of September.

Under the Rules of Tennis a court is 78 feet, about 23.77 metres, from baseline to baseline, and the length is the same whether singles or doubles is being played.

Points in a game are called fifteen, thirty and forty, and when both players reach forty the score is deuce.

In 1988 the German won the Australian Open, the French Open, Wimbledon and the US Open, and then took the Olympic singles gold medal at Seoul, the first Games at which tennis was again a full medal sport.

The Australian won all four Majors in the same calendar year in 1962 as an amateur and did it again in 1969, in the second year of the Open Era, which no other man has matched.

Until that year the Majors were reserved for amateurs, and the best players of the day, once they turned professional, could no longer enter them.

Sania Mirza and Mahesh Bhupathi won the mixed doubles title at Melbourne Park in 2009, and that made Mirza the first Indian woman to win any Grand Slam title.

He won the mixed doubles title at the 1997 French Open partnering Rika Hiraki of Japan, and that was the first Grand Slam title of any kind won by an Indian.

The Coupe des Mousquetaires, or Musketeers' Cup, is handed to the men's singles winner at Roland Garros.