RBI GK Questions 2026

The RBI's FI-Index is built from these three sub-indices. The RBI introduced the Financial Inclusion Index in August 2021 to measure how far financial inclusion has spread across the country.

Bitcoin is a decentralised peer-to-peer currency that no central bank issues or tracks, and payments are made between addresses rather than named people.

The Service Area Approach, introduced by the RBI in 1989, worked within the framework of the Lead Bank Scheme to plan rural credit village by village.

Credit rating agencies in India are regulated by SEBI, not by the RBI, while statements 2 and 3 are true.

Disinvestment, small savings and market borrowing either create a liability for the government or reduce its assets, so they are capital receipts; interest received is a revenue receipt.

Retail core inflation is the rise in the Consumer Price Index after leaving out its two most volatile groups, food and beverages and fuel and light.

A change in a good's own price, with everything else fixed, moves the buyer up or down the same demand curve.

The law of demand assumes buyers are not swayed by imitating others; the demonstration effect is in fact one of its exceptions.

The FATF sets the international standards that countries follow to fight dirty money and terror funding. The FATF is an inter-governmental body set up in 1989 at the G7 summit in Paris, and its secretariat is housed at the OECD in Paris.

Only the Centre issues treasury bills and they are sold at a discount, but the RBI also manages state government securities.

Chaired by Y. V. Reddy, it brought the 2011 Census into the devolution formula for the first time, through a criterion called demographic change.

Public goods are non-rival and non-excludable, but externalities cause market failure, so the market does not supply the optimal amount.

The account is opened by a guardian in the name of a girl child before she completes ten years of age, deposits are made for the first fifteen years, and the account matures twenty-one years from the date it was opened; a part withdrawal is allowed for higher education after…

A ULIP is sold by an insurance company, which puts one part of the premium towards life cover and invests the rest in funds chosen by the policyholder; because the contract is a policy of insurance, it is regulated by the Insurance Regulatory and Development Authority of India, set up…

An open-ended scheme has no fixed maturity; the fund house keeps creating and cancelling units, so an investor may buy or redeem on any working day at the NAV declared for that day, which is why most schemes sold today are open-ended.

The Pension Fund Regulatory and Development Authority, which was given statutory status by the PFRDA Act of 2013, regulates the National Pension System and the Atal Pension Yojana, appoints the pension fund managers and the central record keeping agency, and prescribes the Tier I and Tier II account structure.

In an SIP the same sum is invested at fixed intervals, so it automatically buys more units when the NAV is low and fewer when it is high; over a full market cycle the average cost per unit therefore works out lower than a lump sum invested at a high…

An ETF is listed on a stock exchange and traded through a broker in a demat account at prices that move during market hours, which is what separates it from every other kind of scheme.

An ELSS is an equity mutual fund scheme that qualifies for the deduction allowed on specified savings, and each instalment is locked in for three years from the date of investment, which is the shortest lock-in among the instruments eligible for that deduction.

The AMC is appointed by the trustees, is registered with SEBI and runs the schemes from day to day: it employs the fund managers, decides which securities to buy and sell, and is paid a management fee out of the scheme.