RBI GK Questions 2026

Inaugurating the corporate office of SMFCL in New Delhi, the Union Minister of Ports, Shipping and Waterways described the company as India's first dedicated Non Banking Financial Company in the maritime sector, set up to mobilise long term finance for port-led development, shipbuilding and coastal connectivity.

Expansionary policy cuts interest rates and adds money to the system, which pushes capital out and weakens the rupee further, so it is not a step to defend the currency.

The Council noted the success of this campaign at the district level in returning unclaimed financial assets, and guided ministries and regulators to make further efforts for timely refunds.

The Council took note of the strategy and expects its implementation to strengthen the resilience of the Indian financial sector, along with better protection of Critical Information Infrastructure and improved cyber security preparedness in Regional Rural Banks.

Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, chaired the 30th meeting of the FSDC in New Delhi, which fits the Council's design: the Finance Minister heads it and the heads of the financial sector regulators sit on it.

Speaking at the Chintan Shivir, he said the engineering sector was on track to surpass the export numbers of the previous financial year, that the medium and long-term growth outlook remained positive, and that engineering exports were expected to cross US$140 billion in the current financial year.

Commerce Secretary Shri Rajesh Agrawal said in his keynote address that India’s combined exports of goods and services grew by 14 per cent year-on-year to this level during April-September of 2026-27, which he cited as evidence that exports had stayed resilient despite global uncertainty.

The Chintan Shivir for the engineering sector was convened by the Department of Commerce along with EEPC India to chart a strategy for total engineering goods exports of US$250 billion by 2030, together with deeper market access through free trade agreements and the long-term availability of key raw materials.

Manganese ore is a key raw material for the steel industry, and the Ministry of Steel says the milestone strengthens its domestic availability.

The Ministry of Steel says that under its Green Steel Initiative, Green Steel Certificates have been issued to 104 distinct steel producers across the lists put out up to October 2026.

The Ministry of Steel has prepared a draft National Steel Policy, Vision 2047, and it targets crude steel capacity of 604 MT by the year 2047.

This is the named focus of the partnership, meant to prepare banking systems both for the opportunities that quantum technology brings and for the security problems it creates, which is why the two sides will study quantum-inspired and quantum-safe methods.

The Centre for Development of Advanced Computing is an autonomous scientific society under that ministry, and its Secretary, S. Krishnan, was present when the memorandum with Bank of India was exchanged.

The Centre for Development of Advanced Computing signed the memorandum with Bank of India on 22 October 2026 to work on quantum financial innovation and the adoption of emerging technologies in banking.

Statement 1 is the definition of purchasing power parity, while statement 2 understates India's position. A PPP exchange rate is the rate at which the currency of one country would have to be converted into that of another to buy the same basket of goods and services in both.

A new Second Stage Stratum based on digital platform work is being introduced because experience showed that the earlier arrangement did not capture an adequate number of such workers, while the rest of the stratum structure and composition is retained.

The modified sampling design, the changed estimation procedure and the revised schedule all take effect from that month, when fresh samples for the two-year period 2027-2028, known as Panel 6, will be drawn from an updated sampling frame.

That office has been conducting the Periodic Labour Force Survey since 2017, and the survey has steadily widened to meet the demand for labour market statistics that arrive sooner and can be broken down further.

The Cash Reserve Ratio (CRR) is the part of a bank's net demand and time liabilities (mainly its deposits) that it must keep as cash balances with the Reserve Bank of India.

The National Payments Corporation of India was set up in 2008 as the umbrella body for retail payments in the country, on the initiative of the Reserve Bank of India and the Indian Banks' Association, under the Payment and Settlement Systems Act, 2007.