NABARD GK Questions 2026

UPI was launched in 2016 and allows a customer to pay from a bank account using a virtual payment address, so that the account number and the IFSC need never be shared; it runs on the same immediate settlement arrangement that IMPS introduced.

This Act designates the Reserve Bank as the authority for payment systems, makes its authorisation necessary before any payment system may be operated, and provides for the Board for Regulation and Supervision of Payment and Settlement Systems.

The Indian Financial System Code is made of eleven characters: the first four letters stand for the bank, the fifth is always the digit zero and is kept in reserve for future use, and the last six identify the particular branch.

NEFT holds instructions for a short period, works out what each bank owes the others on balance, and settles only that difference; the batches run every half hour through all twenty four hours, since the service was made available on all days of the year in December 2019.

IMPS was launched by that organisation in 2010 and was the first Indian system to offer interbank transfer instantly at any hour, including Sundays and holidays.

The words in the name say it: real time means the instruction is carried out as it is received, and gross settlement means each instruction is settled by itself rather than set off against others.

NEFT is the nationwide system operated by the Reserve Bank of India for transferring funds from one bank account to another, settled on a deferred net basis in half hourly batches and available on all days of the year since December 2019.

RTGS is meant for large value payments, and the Reserve Bank has fixed a floor of two lakh rupees for a remittance through it, while setting no ceiling of its own on the amount.

The National Securities Depository Limited was set up in 1996, the year the Depositories Act was passed, and was the first depository in India; it holds securities in electronic form so that shares need not change hands as paper certificates, a process called dematerialisation.

It defines what a security is, provides for the recognition of stock exchanges by the Government, and lays down the framework within which contracts in securities may be made; it is the oldest of the statutes governing this market and still the basic one.

SEBI has its head office in Mumbai, at the Bandra Kurla Complex, which places the regulator in the same city as the Bombay Stock Exchange, the National Stock Exchange and the Reserve Bank of India, making Mumbai the financial capital of the country.

An IPO is the first sale of shares by a company to the general public, after which the shares are listed and traded on a stock exchange; it belongs to the primary market, because the money raised goes to the company itself.

A person aggrieved by an order of SEBI may appeal to the Tribunal, which is provided for by the SEBI Act itself, and from the Tribunal a further appeal lies to the Supreme Court on a question of law.

The money market deals in short-term funds of up to one year, through treasury bills, commercial paper, certificates of deposit and call money, and the Reserve Bank regulates it as part of its control over credit and liquidity.

The Sensex was compiled backwards to 1978-79 and that year was given a base value of 100, so the index number states how many times the market value of its thirty constituents has grown since then.

The Sensex, or Sensitive Index, of the Bombay Stock Exchange is built from thirty large, well established and actively traded companies drawn from the main sectors of the economy, and it is weighted by free-float market capitalisation.

It was founded in 1875 as the Native Share and Stock Brokers’ Association, grew out of brokers meeting under a banyan tree in Bombay, and is the oldest stock exchange in Asia; it now stands on Dalal Street and its benchmark index is the Sensex.

SEBI first appeared in April 1988 as an administrative arrangement with no legal powers, and it became a statutory regulator when the Securities and Exchange Board of India Act was passed in 1992; the words quoted in the question are taken from the preamble of that Act, which speaks of…

The National Bank for Agriculture and Rural Development has its head office in Mumbai, in the Bandra Kurla Complex.

The assessment is built in three stages. First comes the baseline or pre-construction survey lasting fourteen months, then a transition period of roughly twelve months, and finally the endline or post-construction survey lasting twenty-two months.