RBI GK Questions 2026

Article 280 requires the President to constitute a Finance Commission at the expiration of every fifth year, or earlier if the President considers it necessary, consisting of a Chairman and four other members, and lists the matters on which it is to make recommendations.

At the annual meeting of the AIIB Board of Governors the Union Minister for Finance and Corporate Affairs attends as India's Governor to the bank, and on this occasion she also leads a delegation of Ministry of Finance officials.

The eleventh annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank is scheduled in Doha, the capital of Qatar, and the Union Finance Minister travels there on an official visit for it.

India is the second largest shareholder of the Asian Infrastructure Investment Bank, and the Union Finance Minister attends the annual meeting of its Board of Governors as India's Governor to the bank in that capacity.

Estimates of poverty and unemployment in India rest on the large sample surveys of the National Sample Survey Office, which since 2019 works as part of the National Statistical Office under the Ministry of Statistics and Programme Implementation.

The Basel Norms are international standards for banking supervision. They are issued by the Basel Committee on Banking Supervision, which works under the Bank for International Settlements at Basel in Switzerland.

The Securities and Exchange Board of India regulates the securities market and protects investors. SEBI was set up as a non-statutory body in 1988 and was given statutory powers by the SEBI Act of 1992, passed after the Harshad Mehta scam exposed how weak market supervision was.

India works 12 major ports and 217 non-major ports, so the total covers both categories together.

Claims up to that level are met from the pool's accumulated reserves together with its reinsurance recoveries, and the government's guarantee is activated only once those reserves have been completely used up.

The correct answer is the General Insurance Corporation of India, better known as GIC Re, which has taken charge as Pool Manager and Administrator and handles the pool's day-to-day running, its performance reporting and its operational systems.

This is the total value of risk the pool is able to write, and it makes the pool the first domestic maritime insurance arrangement of that size in India.

Gross National Product minus depreciation gives Net National Product. Depreciation is the wear and tear of machinery, buildings and other capital goods during the year.

The product method adds up the value of goods and services produced by all firms in the economy. National income can be measured in three ways, and all three should give the same figure.

From 1 April 2017 the State Bank of India absorbed its five remaining associate banks, the State Bank of Bikaner and Jaipur, the State Bank of Hyderabad, the State Bank of Mysore, the State Bank of Patiala and the State Bank of Travancore, together with Bharatiya Mahila Bank, which had…

R. C. Cooper, a shareholder and director of one of the affected banks, challenged the law of 1969, and an eleven judge bench of the Supreme Court struck it down because the compensation provided for the acquired undertakings was not adequate and the banks were barred from carrying on business.

The cut off used in the first round of nationalisation was deposits of fifty crore rupees or more as on the relevant date, and fourteen banks crossed it.

With effect from 1 April 2019, Vijaya Bank of Karnataka and Dena Bank of Gujarat were merged into Bank of Baroda.

Allahabad Bank, founded in 1865 and one of the fourteen banks nationalised in 1969, was amalgamated into Indian Bank with effect from 1 April 2020.

Under the amalgamation notified with effect from 1 April 2020, Syndicate Bank was merged into Canara Bank. Both banks had their roots in coastal Karnataka, Canara Bank at Mangaluru and Syndicate Bank at Udupi, so the merged bank kept a strong base in the same region.

New Bank of India, one of the six banks nationalised in 1980, ran into heavy losses and was amalgamated with Punjab National Bank in 1993.