SBI GK Questions 2026

The Reserve Bank constituted a High Level Committee under its Deputy Governor Usha Thorat to review the Lead Bank Scheme after four decades, and the committee reported in 2009.

By tying every village to one branch, the Service Area Approach had removed the borrower's choice: a farmer served badly by his service area branch could not take his account elsewhere, and competition between branches disappeared.

A branch's service area was drawn up of roughly fifteen to twenty-five villages, chosen on the twin tests of proximity and contiguity so that the cluster could actually be served and surveyed by the staff of one branch.

The Service Area Approach took effect from April 1989 and carried the logic of the Lead Bank Scheme down to the individual branch.

The State Level Bankers' Committee was constituted in 1977 as the apex forum of a state, where all the commercial banks, the regional rural banks, the cooperative banks, the state government and the Reserve Bank meet to review credit flow and agree on the state's annual credit plan.

The Block Level Bankers' Committee is the lowest forum of the Lead Bank Scheme and exists so that the branches of a block, the block administration and the field level development agencies can settle practical questions of credit flow together.

The District Consultative Committee is the working coordination forum of the district, bringing together all the banks operating there, the district administration and the development agencies, and it is chaired by the District Collector so that the administration and the banks sit together under one authority.

After the Gadgil Study Group recommended the area approach, the Reserve Bank appointed a Committee of Bankers under F. K. F. Nariman, which agreed with the area approach and added the mechanism that gave the scheme its name: each district should be allotted to one bank, which would act as…

The Study Group of the National Credit Council on the organisational framework for the implementation of social objectives, headed by Professor D. R. Gadgil, reported in 1969 that large parts of the country had no banking facility at all and recommended that credit be planned area by area, with a…

The Reserve Bank introduced the Lead Bank Scheme in December 1969, a few months after the nationalisation of fourteen major commercial banks in July of the same year, so the year is easy to anchor to the nationalisation year.

A fifty-one per cent attack is one in which a single party commands a majority of the resource that decides consensus, which is the mining power in a proof of work chain and the staked coins in a proof of stake chain.

The Central American country passed a Bitcoin Law in June 2021 and became, in September 2021, the first state anywhere to give bitcoin the status of legal tender alongside the United States dollar, which it already used as its currency.

The digital rupee, written as e-rupee, is the digital form of sovereign currency issued by the Reserve Bank of India.

From July 2022 a person paying any consideration for the transfer of a virtual digital asset must deduct tax at source at one per cent of that consideration, a provision introduced by the Finance Act of 2022 so that the tax department can see the volume and the parties in…

The Finance Act of 2022 inserted a definition of the virtual digital asset into the Income Tax Act and taxed income from the transfer of such an asset at a flat thirty per cent, plus the applicable surcharge and cess.

A blockchain is a ledger whose identical copies are held by many nodes, with new entries grouped into blocks, each linked to the previous one by its hash, and added only when the network agrees by a consensus rule.

The transactions in a block are hashed in pairs, the resulting hashes are hashed in pairs again, and the process repeats until a single hash remains; that hash is the Merkle root, named after Ralph Merkle, and it is stored in the block header.

Ethereum was described by Vitalik Buterin in a white paper of 2013 and the network went live in 2015.

In proof of work, the computers called miners compete to find a nonce that makes the hash of the proposed block meet a difficulty target.

The bitcoin protocol fixes the total supply at twenty-one million coins. New coins enter circulation only as the reward paid to whoever adds a block, and that reward is halved every two hundred and ten thousand blocks, which works out to roughly every four years, so issuance falls geometrically towards…