IBPS GK Questions 2026

Section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 permits the central or a state government to require proof of an Aadhaar number, or of having applied for one, for any subsidy, benefit or service whose expenditure is met from the Consolidated…

A subsidy neither creates an asset for the government nor reduces any liability, so in the budget it is classified as revenue expenditure, and a large subsidy bill therefore widens the revenue deficit as well as the fiscal deficit.

Under this scheme a fixed subsidy is announced for each nutrient contained in a phosphatic or potassic fertiliser, and the manufacturer is free to fix the selling price, the aim being to encourage a balanced use of nutrients in the soil.

The Act divides the covered population into priority households, who receive five kilograms of grain for each member every month, and Antyodaya Anna Yojana households, which are the poorest and receive thirty-five kilograms for the whole household every month.

The budget documents group food, fertiliser and petroleum together as the major subsidies, because they are the three largest explicit subsidy payments made by the central government.

PAHAL, the direct benefit transfer scheme for cooking gas, was begun in fifty-four districts in November 2014 and extended to the whole country from 1 January 2015; the consumer buys the cylinder at the market price and the subsidy is credited to his bank account, and the Give It Up…

The Economic Survey of 2014-15 used the expression JAM number trinity for these three, because together they make it possible to send money to a poor household without a middleman: the Jan Dhan account receives the payment, the Aadhaar number identifies the beneficiary and removes duplicate names, and the mobile…

Direct Benefit Transfer began on that date in a small group of districts and for a limited number of schemes, and was then extended across the country and to hundreds of central schemes, paying scholarships, pensions, wages and subsidies into the beneficiary's own bank account.

Base Erosion and Profit Shifting (BEPS) describes how multinationals shrink their tax base in one country by moving profits to low-tax places.

The Financial Stability and Development Council (FSDC) is chaired by the Union Finance Minister and oversees macroprudential supervision, but it has nothing to do with NITI Aayog.

Buying securities puts money into the economy and raising the cash reserve ratio takes it out, but raising the bank rate reduces money supply instead of increasing it.

Section 110 of that Act lets a customs officer seize goods believed liable to confiscation, and it was used to take the 43.2 lakh foreign-origin cigarettes and the truck carrying them in Mizoram.

Officers of the Aizawl Regional Unit of the Directorate of Revenue Intelligence mounted surveillance along the Champhai-Aizawl Road and stopped the truck at Tuirial village, where a search produced 432 cases containing 43.2 lakh cigarette sticks of the Patron brand worth Rs 8.64 crore.

The Directorate of Revenue Intelligence put that value on the 43.2 lakh foreign-origin cigarette sticks it seized in Mizoram, a haul of 432 cases of the Patron brand recovered from a truck.

Ganja is a narcotic drug, so the 591.3 kg recovered in Uttar Pradesh and the truck in which it travelled were both seized under that statute, which governs narcotic and psychotropic offences in India and allows the conveyance used in the crime to be taken as well.

The intelligence that set off the operation said the truck carrying ganja from Nepal would come into Uttar Pradesh through Sonauli, so officers of the Directorate of Revenue Intelligence at Gorakhpur built their surveillance around that crossing, helped by teams at Lucknow, Patna and Varanasi.

The Directorate of Revenue Intelligence seized 591.3 kg of ganja from a truck in Uttar Pradesh in an operation carried out during 17 and 18 October 2026.

Saudi Arabia listed cooperation on such transmission systems as one of its priorities in the meeting with the Indian power ministry.

The Saudi side named four specific subjects for closer work, and the first three options are exactly three of them.

The correct answer is the Secretary, Ministry of Power, Pankaj Agarwal, who held the virtual bilateral meeting with his Saudi counterpart to review progress on the proposed cross-border link.