RBI GK Questions 2026

These three Acts dealt with the registration of unions, the conditions of service to be published as standing orders, and the machinery for disputes, lay-off, retrenchment and closure, and all three subjects are now in one code.

The four codes subsume twenty-nine central labour enactments: four in the Code on Wages, three in the Industrial Relations Code, nine in the Code on Social Security and thirteen in the Occupational Safety, Health and Working Conditions Code.

Indian bond yields respond to the RBI's policy, to domestic inflation and short-term rates, and also to the US Federal Reserve through global capital flows.

The Common Framework for Debt Treatments was agreed by the G20 and the Paris Club in November 2020 to help low-income countries with unsustainable debt.

The FRBM Act requires the government to lay this statement before Parliament along with the Budget. Section 3 of the FRBM Act, 2003 lists the fiscal policy statements that must accompany the annual financial statement: the Macro-economic Framework Statement and the Medium-term Fiscal Policy cum Fiscal Policy Strategy Statement.

Urban Cooperative Banks are regulated by the RBI, not by local boards, and they may raise capital through equity and preference shares.

A rise in NEER means the rupee has gained against a basket of currencies, and higher domestic inflation makes REER drift away from NEER.

A dearer substitute pushes buyers towards this good, and a fall in its own price leads them to buy more of it.

Both are IMF windows for quick emergency financing to member countries facing an urgent balance of payments need. The Rapid Financing Instrument (RFI) is open to all IMF members and gives fast, low-access financial help without a full-fledged programme.

The scheme merged the separate ombudsman schemes for banks, for non-banking financial companies and for digital transactions into a single one nation one ombudsman arrangement, with a centralised centre to receive and process complaints in any language.

Under the Positive Pay System the issuer of a high value cheque sends the bank the key details, such as date, beneficiary name and amount, through a channel like the mobile app or internet banking, and the paying bank matches those details before honouring the cheque.

This section punishes a person who, by means of any communication device or computer resource, cheats by personation, which is exactly what a phishing website or a caller pretending to be a bank officer does.

The number is run under the national cybercrime reporting arrangement of the Ministry of Home Affairs and is meant for the immediate reporting of financial cyber fraud, alongside the National Cyber Crime Reporting Portal.

Banks report frauds to the Reserve Bank, which keeps them in the Central Fraud Registry and makes the database searchable by banks.

The highest ceiling in the table applies to other current, cash credit and overdraft accounts and to credit cards whose limit exceeds five lakh rupees.

Sharing a PIN, password or one-time password is treated as customer negligence, and in that case the circular makes the customer bear the whole loss up to the time the fraud is reported.

The circular places the burden of proof squarely on the bank: if a bank says the customer is liable, it must establish that, rather than asking the customer to prove innocence.

The circular requires every bank to have a board-approved policy fixing its own resolution period, and caps that period at ninety days from the date the complaint is received.

A shadow reversal is a provisional credit of the disputed amount into the customer's account. The circular requires the bank to make it within ten working days of the customer's notification, and specifically says the bank may not wait for any insurance claim of its own to be settled first.

The Reserve Bank's liability table sets the lowest ceiling for Basic Savings Bank Deposit accounts, which are the no-frills accounts opened for financial inclusion, because their holders are the least able to absorb a loss.