RBI GK Questions 2026

The Bharat Interface for Money application was released in December 2016 by the National Payments Corporation of India so that payments over the Unified Payments Interface, launched earlier that year, could be made from any smartphone with a bank account linked to it.

The National Bank for Agriculture and Rural Development was set up on 12 July 1982 on the recommendation of the Shivaraman Committee, taking over the refinancing functions earlier performed by the Reserve Bank of India and the Agricultural Refinance and Development Corporation.

The Agriculture Census groups operational holdings by size into marginal below one hectare, small from one to two hectares, semi-medium from two to four, medium from four to ten and large above ten hectares.

e-NAM was launched on 14 April 2016, the birth anniversary of Dr B. R. Ambedkar, as an online trading platform that links the regulated mandis of the States into one national market.

The Fair and Remunerative Price is the minimum price a sugar mill is legally bound to pay a cane grower, fixed by the Central Government on the recommendation of the CACP under the Sugarcane Control Order.

Under it, central nodal agencies, chiefly NAFED, buy pulses, oilseeds and copra at the Minimum Support Price when prices in the mandis fall below that level, and the losses are borne by the Government.

The Food Corporation of India was set up in 1965 under the Food Corporations Act of 1964, at a time of severe food shortage, to procure food grains, maintain buffer stocks, distribute grain through the public distribution system and keep prices stable for both the farmer and the consumer.

The Union Budget of 2018 announced that the Minimum Support Price would be kept at a level at least one and a half times the cost of production, and the cost used for that calculation is A2 plus FL, that is all paid-out expenses together with the imputed value of…

The C2 cost is the most comprehensive of the measures the Commission uses.

Set up in January 1965 as the Agricultural Prices Commission and renamed in 1985, it works under the Ministry of Agriculture and Farmers Welfare.

When the Government announced the rabi Minimum Support Prices for the marketing season 2021-22, it also published the margin of each price over the A2 plus FL cost of production.

The public distribution system was made targeted in 1997, when households were divided into those above and those below the poverty line and the subsidy was concentrated on the poorer group.

The Government of India announces a Minimum Support Price for twenty-two mandated crops on the recommendation of the Commission for Agricultural Costs and Prices.

Capital goods are machines, plant and equipment that are bought not to be consumed but to produce other goods, and a firm orders them only when it expects demand to grow enough to justify adding capacity.

The IIP compares the physical quantity of goods produced in a month with the quantity produced in the base year, taking a weighted average of those quantity relatives, so it rises only when more is actually made and is untouched by a change in prices.

Primary goods in this classification are the output of mining, crude oil and natural gas extraction and electricity generation, that is goods that enter production before any manufacturing has been done to them, so the category naturally carries the largest share.

The eight core industries are coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, so options A, B and D are all on the list.

Fertiliser output is important for agriculture and is watched before every sowing season, but the value of the industry's production is small beside refining or steel, which is why its weight is light and a big percentage swing in fertilisers barely moves the combined index.

Refining turns crude oil into petrol, diesel, kerosene, naphtha and feedstock for chemicals, and the value of that output is so large that a shutdown at a big refinery shows up in the national figure.

The Office of the Economic Adviser, which sits in the Department for Promotion of Industry and Internal Trade under the Ministry of Commerce and Industry, compiles the Index of Eight Core Industries and also the Wholesale Price Index, and it publishes the core sector figure every month.