RBI GK Questions 2026

The committee on insurance sector reforms was appointed in 1993 under R. N. Malhotra, a former Governor of the Reserve Bank of India.

The Insurance Regulatory and Development Authority of India was constituted under the Act of 1999, became a statutory body in April 2000 and has its head office at Hyderabad, having moved there from Delhi in its early years.

Concluded in 1975 under the auspices of the United Nations Economic and Social Commission for Asia and the Pacific, it was renamed the Asia-Pacific Trade Agreement in 2005 and its members are India, Bangladesh, China, South Korea, Sri Lanka, Laos and Mongolia.

SAFTA was signed at the twelfth SAARC summit held in Islamabad in January 2004 and came into force on 1 January 2006, replacing the earlier and far weaker South Asian Preferential Trading Arrangement of 1995.

Rules of origin test whether a product really originates with the partner, usually by requiring a change in its tariff classification there together with a minimum share of value added in that country.

Article 7.1 of TEPA commits the EFTA states to increase foreign direct investment in India by 50 billion US dollars in the first ten years and a further 50 billion in the following five years, a total of 100 billion over fifteen years, with the stated aim of generating one…

The India-Australia Economic Cooperation and Trade Agreement, abbreviated ECTA, was signed in April 2022 and came into force in December 2022 as an interim step towards a wider comprehensive agreement.

A customs union removes duties on trade among its members and, in addition, requires every member to levy the same tariff on goods coming from outside the union, which is the common external tariff.

At the Regional Comprehensive Economic Partnership summit held in Bangkok in November 2019, India announced that it would not join the agreement.

The India-UAE Comprehensive Economic Partnership Agreement was signed on 18 February 2022 and came into force on 1 May 2022, a gap of barely ten weeks that makes it one of the fastest agreements India has brought into operation.

The India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement, or CECPA, took effect in 2021 and is the first trade agreement India concluded with any African country.

The European Free Trade Association has exactly four members today: Iceland, Liechtenstein, Norway and Switzerland. Denmark was among the seven countries that set up EFTA in 1960, but it left to join the European Communities and is today a member of the European Union, not of EFTA.

TEPA was signed on 10 March 2024 in New Delhi with the four EFTA states, Iceland, Liechtenstein, Norway and Switzerland, and came into force on 1 October 2025.

India has no bilateral free trade agreement with Brazil. Its only preferential link with Brazil is through the limited India-MERCOSUR Preferential Trade Agreement, which covers a short list of products at reduced duty and is not a free trade agreement.

He pointed to India’s AI-based monsoon forecasting, built by combining several models including open-access ones and delivered to farmers through text, voice and advisories, which anticipated the unusual monsoon of 2025 and is now being followed by Ethiopia.

The report examines the opportunities and risks AI brings to developing economies and offers this sequence as the framework through which such countries can turn the technology into development gains.

The correct answer is the World Bank Group, which brings out the World Development Report every year; the latest edition carries the subtitle "The Promise of Artificial Intelligence" and was launched in India by Union Minister Ashwini Vaishnaw.

The Minister said the economy, which is around USD 4 trillion at present, has the potential to grow to that size by 2047, the hundredth year of independence and the year set for the goal of a developed India.

The curtain raiser for the summit was held in New Delhi on 8 October 2026, which makes option C a tempting distractor, but the capital hosted only the preview and not the summit itself.

The Commerce and Industry Minister gave both figures at the curtain raiser of the 31st CII Partnership Summit and pointed out that moving from one to the other means growth of close to 16 per cent, in a year when world trade is expected to grow only about 2.5 to…