RBI GK Questions 2026

The National Bank for Agriculture and Rural Development was set up on 12 July 1982 on the recommendation of the committee headed by B. Sivaraman, and it took over the agricultural credit functions until then performed by the Reserve Bank and the refinance work of the Agricultural Refinance and Development…

The Reserve Bank began in 1935 as a shareholders' bank with privately held capital.

The one rupee note and all coins are issued by the Government of India through the Ministry of Finance, and the one rupee note carries the signature of the Finance Secretary rather than that of the Governor of the Reserve Bank.

On 19 July 1969 the government nationalised fourteen of the largest commercial banks in the country, the aim being to take banking to rural areas, direct credit to agriculture and small industry, and end the concentration of bank funds in a few business houses.

In a repurchase or repo transaction a bank sells government paper to the Reserve Bank and agrees to buy it back shortly afterwards at a slightly higher price; the difference works out as interest at the repo rate.

M3 is M1 plus time deposits with banks, and it is called broad money or the aggregate monetary resource. It is the measure the Reserve Bank follows most closely because it captures both spendable balances and funds held for a fixed term.

The Reserve Bank of India was constituted under the Reserve Bank of India Act of 1934, on the recommendation of the Hilton Young Commission, and started functioning on 1 April 1935 with its central office at Calcutta, which was shifted permanently to Bombay in 1937.

The Foreign Exchange Management Act was passed in 1999 and came into force on 1 June 2000, replacing the Foreign Exchange Regulation Act of 1973.

The language panel on the reverse of an Indian banknote carries the value of the note in 15 languages. Hindi and English are not part of that panel: they appear on the front of the note, so the total number of languages printed on a note comes to 17.

The reverse repo rate is what the Reserve Bank pays banks when it takes their surplus cash for a short period.

IMPS is an interbank money transfer service run by the National Payments Corporation of India, launched in November 2010. Its great advantage is that it works round the clock, on holidays and at night, and the money reaches the beneficiary within seconds.

Bandhan began in 2001 at Kolkata as a microfinance body serving poor women in eastern India, and its head office has stayed in that city.

A hawkish stand means the central bank is more worried about inflation than about slow growth, so it leans towards raising the policy rate and tightening money.

The Industrial Development Bank of India has its head office in Mumbai, the capital of Maharashtra, at the IDBI Tower in Cuffe Parade.

The all-India Index of Industrial Production is compiled with 2011-12 as its base year, a revision announced in 2017 that replaced the older 2004-05 base.

Ways and Means Advances is the facility through which the Reserve Bank of India lets the Centre bridge short-lived mismatches between money received and money paid out, and for the second half of FY 2026-27 the ceiling on this facility has been set at Rs 50,000 crore.

The gross borrowing of Rs 7,86,000 crore planned for the second half of FY 2026-27 will be completed through 23 weekly auctions of dated securities, with the paper spread over eight maturity buckets ranging from three years to fifty years.

The Finance Ministry, after consulting the Reserve Bank of India, settled on this gross market borrowing figure for the closing half of FY 2026-27, and the whole sum is to be raised through 23 weekly auctions of dated securities.

The advisory issued to the edible oil associations and other industry stakeholders asks them to bring both of these down in step with the lower landed cost, and to advise member firms to act without delay, so that the gain from the tariff cut is not retained in the supply…

The reason it and not another ministry speaks here is that the stated purpose of the step is to moderate retail prices of cooking oil and to shield the household budget from imported inflation, which falls squarely within the consumer affairs and food distribution mandate.