RBI GK Questions 2026

A non-deposit-taking NBFC of that size is classified as systemically important, written as NBFC-ND-SI, and becomes subject to prudential norms on capital adequacy, exposure and disclosure that smaller companies escape.

The layers are the Base Layer, the Middle Layer, the Upper Layer and the Top Layer, and the regulation becomes stricter as a company moves up, so that supervision matches the risk a company poses to the system.

The Reserve Bank uses what the industry calls the fifty-fifty test: both conditions must hold, so financial assets must be more than half of total assets and the income from those assets must be more than half of gross income.

An NBFC cannot accept demand deposits, cannot issue cheques drawn on itself, is not part of the payment and settlement system, and its depositors do not have the cover of the Deposit Insurance and Credit Guarantee Corporation.

The section was inserted by the Reserve Bank of India (Amendment) Act of 1997 and requires an NBFC to hold a certificate of registration from the Reserve Bank and to maintain the prescribed minimum net owned fund before it can carry on business.

Section 79 gives an intermediary such as a network service provider or a social media platform a safe harbour, provided it merely transmits or hosts the content, does not initiate or modify it, and observes the due diligence prescribed by the rules; the Shreya Singhal judgment read the section down…

A bench of nine judges held in 2017 that the right to privacy is intrinsic to the right to life and personal liberty under Article 21, which became the constitutional basis for India's data protection framework and for the Digital Personal Data Protection Act, 2023.

The Information Technology (Amendment) Act, 2008 came into force on 27 October 2009 and made the most important changes to the parent Act: it added section 3A on electronic signatures, inserted the computer-related offences of sections 66A to 66F and 67A to 67C, added section 43A on compensation for failure…

The helpline 1930 is run with the national cyber crime reporting portal by the Indian Cyber Crime Coordination Centre under the Ministry of Home Affairs, and is meant for the quick reporting of online financial fraud so that the transfer of money can be stopped.

Section 3 provides that an electronic record is authenticated by affixing a digital signature created by use of an asymmetric crypto system and a hash function; the hash function reduces the record to a message digest and the signer's private key encrypts it, while anyone can verify it with the…

The First Schedule to the Act excludes certain documents from electronic form: a negotiable instrument other than a cheque, a power of attorney, a trust deed, a will or other testamentary disposition, and any contract for the sale or conveyance of immovable property.

The model law was adopted by the United Nations Commission on International Trade Law in 1996 and recommended to member states by the General Assembly, and India's Act follows its scheme for giving legal recognition to electronic records and signatures.

Section 70B, inserted in 2008, appoints the Indian Computer Emergency Response Team as the national nodal agency for collecting, analysing and circulating information on cyber incidents and for issuing advisories; it works under the Ministry of Electronics and Information Technology and was set up in 2004.

Section 66F, inserted by the amendment of 2008, defines cyber terrorism and is the most severely punished offence in the Act, carrying imprisonment which may extend to life.

In 2015 the Supreme Court struck down section 66A, which punished the sending of offensive messages, holding it vague and overbroad and therefore a violation of the freedom of speech and expression under Article 19(1)(a).

The Information Technology Act was passed by Parliament in 2000, received assent on 9 June 2000 and came into force on 17 October 2000; it is therefore cited as the Information Technology Act, 2000.

Set up by the Finance Ministry after a decade in which stalled road and power concessions turned into bad loans, the Kelkar Committee reported in 2015 that risk had been pushed on to whoever would accept it rather than on to the party best able to manage it.

Infrastructure needs loans of twenty years or more, while a commercial bank takes deposits for a few years, and the mismatch between the two had crippled infrastructure lending after earlier development finance institutions were converted into banks.

Launched on 13 October 2021, PM Gati Shakti is an institutional answer to the old complaint that a road is dug up soon after it is laid because a pipeline or a cable was planned separately.

The National Monetisation Pipeline was released in August 2021 in two volumes, the second of which lists the assets ministry by ministry, with an aggregate monetisation potential of about six lakh crore rupees over four years from roads, power transmission, railways, pipelines, warehouses, stadiums and airports.