The static part of RBI exams is mostly economics and finance. The Grade B advertisement lists the syllabus of Paper-I, Economic and Social Issues: growth and development, national income, poverty and employment, sustainable development, the Indian economy since the reforms of 1991, money and financial markets, the role of banks and the Reserve Bank, public finance, agriculture, industry and services, the balance of payments, the IMF, the World Bank and the WTO, and India's social structure. Paper-III, General Finance and Management, adds the functions of the RBI, the banking system, SIDBI, EXIM Bank, NABARD, NHB and NaBFID, financial markets, financial inclusion, the Union Budget and inflation. These topics also feed the General Awareness tests of Grade B Phase-I and the Assistant Main, alongside static facts such as the heads and headquarters of institutions. This page holds GK24's topic-wise GK notes for RBI exams, written as short facts and tables so that a topic can be revised in one sitting, in English and Hindi. Read a topic, then solve its quiz and previous-year questions on this site to check what you retained. For the descriptive part of ESI, turn each note into a one-page answer outline.
The term BRIC was coined in 2001 by
Jim O'Neill, then an economist at Goldman Sachs, used the acronym BRIC in a paper of 2001 to describe Brazil, Russia, India and China, the four large economies he expected to grow into a major share of world output.
Read the full explanation →At the New Delhi G20 Summit of 2023, which body was admitted as a new permanent member of the group?
The New Delhi Leaders' Summit of September 2023, held under India's presidency at Bharat Mandapam, admitted the African Union as a permanent member, so that the group now has a second regional organisation alongside the European Union.
Read the full explanation →The first G20 Leaders' Summit was held in 2008 at
The first summit at the level of heads of state and government was called in November 2008, when the collapse of large financial firms threatened the world economy, and it met at Washington.
Read the full explanation →The G20 was established in which year?
The Group of Twenty was formed in 1999, in the aftermath of the Asian financial crisis, as a forum where the finance ministers and central bank governors of the major advanced and emerging economies could discuss the stability of the world financial system.
Read the full explanation →What coupon does the NABKISAN WASH social bond, listed in October 2026, carry?
The bond that NABKISAN listed on the National Stock Exchange in Mumbai runs for five years and pays this rate to its holders until it is redeemed in September 2031.
Read the full explanation →NABKISAN Finance Limited, which issued India's first WASH social bond, is a subsidiary of which institution?
NABKISAN Finance Limited is a NABARD subsidiary, and the listing of the WASH bond was described as a step that strengthens the commitment of both NABARD and NABKISAN to new financing routes for rural development.
Read the full explanation →How much did NABKISAN Finance Limited raise through India's first WASH-focused social bond?
NABKISAN Finance Limited, a subsidiary of NABARD, placed India's first social bond meant only for water, sanitation and hygiene work, and investors bid for 1.8 times the paper on offer.
Read the full explanation →The failure of which bank in 1960 hastened the enactment of the Deposit Insurance Act, 1961 in India?
The failure of the Palai Central Bank of Kerala in 1960, coming on top of trouble at other small banks, badly shook public confidence and pushed Parliament into passing the Deposit Insurance Act, 1961, under which cover began on 1 January 1962.
Read the full explanation →Deposits with which one of the following are not covered by DICGC insurance?
Insurance with the Corporation is compulsory for all commercial banks, including the branches of foreign banks working in India, for local area banks and regional rural banks, for payments banks and small finance banks, and for state, central and primary urban co-operative banks.
Read the full explanation →The five lakh rupee deposit insurance cover is reckoned on which basis?
Every account a depositor holds in the same right and the same capacity in one bank is added together, across all its branches, and the five lakh rupee limit is then applied to that total of principal and interest.
Read the full explanation →Under the amendment made to the DICGC Act in 2021, within how many days of a bank being placed under all inclusive directions must the Corporation pay depositors up to the insured limit?
The Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021 created an interim payment so that the depositors of a bank placed under all inclusive directions need not wait for the bank to be wound up.
Read the full explanation →What is the highest premium rate the DICGC Act, 1961 permits the Corporation to charge per annum on every hundred rupees of assessable deposits?
The Act allows the Corporation, with the previous approval of the Reserve Bank of India, to raise the premium only as far as fifteen paise a year for every hundred rupees of assessable deposits, so fifteen paise is the statutory ceiling.
Read the full explanation →With effect from 1 April 2020, what premium does the DICGC charge a bank each year for every hundred rupees of assessable deposits?
With effect from 1 April 2020 the Corporation charges twelve paise a year on every hundred rupees of a bank assessable deposits.
Read the full explanation →Deposit insurance began to operate in India on 1 January of which year?
The Deposit Insurance Corporation, created under the Deposit Insurance Act, 1961, began functioning on 1 January 1962, and that is the date from which bank deposits in India have been insured.
Read the full explanation →Which one of the following is not insured by the DICGC?
Inter-bank deposits are expressly excluded, because deposit insurance exists to protect ordinary depositors and not to insure banks against one another.
Read the full explanation →Who bears the cost of the deposit insurance premium paid to the DICGC?
The whole of the deposit insurance premium is paid by the bank, and a bank is barred from passing the cost on, so the charge never appears in a depositor passbook.
Read the full explanation →In which year did the Deposit Insurance and Credit Guarantee Corporation come into existence by the merger of two earlier corporations?
The Corporation came into being on 15 July 1978, when the Deposit Insurance Corporation was merged with the Credit Guarantee Corporation of India Ltd, and the Deposit Insurance Act, 1961 was renamed the Deposit Insurance and Credit Guarantee Corporation Act, 1961.
Read the full explanation →What is the maximum amount insured for each depositor of a bank by the DICGC?
Every depositor of an insured bank is covered up to five lakh rupees, and that figure takes in the principal and the accrued interest together.
Read the full explanation →The Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of which institution?
The Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of the Reserve Bank of India. It works under the Deposit Insurance and Credit Guarantee Corporation Act, 1961, has its head office in Mumbai, and is chaired by a Deputy Governor of the Reserve Bank.
Read the full explanation →Basel I, issued in 1988, dealt mainly with which type of risk?
The first accord was a simple framework that asked banks to hold capital equal to at least eight per cent of their risk weighted assets, with risk weights of zero, twenty, fifty and a hundred per cent assigned according to the creditworthiness of the borrower.
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