SBI GK Questions 2026

The Committee on the Financial System of 1991 and the Committee on Banking Sector Reforms of 1998, both under him, recommended prudential norms for income recognition and provisioning, a minimum capital to risk-weighted assets ratio, a lower statutory liquidity ratio and cash reserve ratio, entry for new private banks and…

The Recovery of Debts Due to Banks and Financial Institutions Act of 1993 set up the Debt Recovery Tribunals, with Debt Recovery Appellate Tribunals above them, to take bank recovery suits out of the ordinary civil courts where they had been pending for years.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act of 2002 lets a secured creditor issue a notice to a defaulting borrower and then take possession of and sell the secured asset without going to court, and it also provides for asset reconstruction companies that buy…

Section 12 of the Code gives the resolution process 180 days from the date of admission, allows the adjudicating authority to extend it once by up to 90 days on a resolution of the Committee of Creditors, and the amendment of 2019 added the outer limit of 330 days, which…

Created under the Code of 2016, it registers and oversees insolvency professionals, insolvency professional agencies and information utilities, and makes the regulations under which the resolution process runs, which makes it both a regulator and a rule-maker.

For companies and limited liability partnerships the application for insolvency is filed before the Tribunal, which admits or rejects it, declares the moratorium and appoints the interim resolution professional; appeals lie to the National Company Law Appellate Tribunal and then to the Supreme Court.

The Code was passed in 2016 on the recommendations of the Bankruptcy Law Reforms Committee and replaced a scatter of older laws, among them the Sick Industrial Companies Act and parts of the Companies Act, with a single time-bound process in which control passes from the defaulting promoter to the…

The classification runs in a sequence: an account that has just become non-performing is sub-standard for the first twelve months, after which it becomes doubtful, and it is called a loss asset when recovery is no longer expected.

Under the Reserve Bank's prudential norms on income recognition and asset classification, an asset stops being a performing asset when interest or an instalment of principal remains overdue for more than ninety days, and the bank must then stop treating the interest as income and start making provisions.

Banks were directed to route every new enrolment under the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Pradhan Mantri Suraksha Bima Yojana through it, because the portal is being linked with all banks and insurers, which should improve the quality of data and the ease of day-to-day operation.

The Secretary of the Department of Financial Services urged banks to take part wholeheartedly in the saturation drive running between those two dates and to give greater thrust to serving the weaker sections of society and meeting their banking needs.

The correct answer is the Secretary, Department of Financial Services, Sanjay Lohiya, who took the review in New Delhi with the heads of all public sector banks and the Executive Directors of major private sector banks, assisted by senior officers of his department.

The approval states that the majority of the allocation from the fund will go to small and medium enterprises focused on manufacturing, and that enterprises operating in industrial clusters in Tier-II and Tier-III cities will also be considered.

Under the approved scheme the Government of India will provide its aggregate commitment of Rs 10,000 crore to an Alternative Investment Fund established within the SME Growth Fund framework, and that fund will take direct equity positions in small and medium enterprises.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved an aggregate commitment of this size by the Government of India towards setting up the SME Growth Fund, and the money will be placed in an Alternative Investment Fund raised under the fund framework.

The council took up five areas: production and productivity, covering capacity addition, modernisation and cost competitiveness across fibre, yarn, fabric, processing and apparel; research and development, including industry and research linkages, new-age fibres and technical textiles; exports and market access, covering diversification of products and markets and the quality, compliance…

The Development Council for Textile Industry held its first meeting there on 6 October 2026, chaired by the Secretary of the Ministry of Textiles, with senior officers of the ministry, industry associations, export promotion councils, research associations, state governments and sector experts in attendance.

The council met for the first time at Vigyan Bhawan in New Delhi under her chairpersonship, and in her address she stressed that textiles and apparel are among the largest employment generators and export earners for the country and called for a whole-of-value-chain approach to production, innovation and global market…

Both institutions were planned at the Bretton Woods conference of 1944 in the United States and both work from Washington DC, which is why they are called the Bretton Woods twins; the IMF looks after exchange stability and balance of payments while the World Bank lends for development.

The Contingent Reserve Arrangement was agreed at the Fortaleza summit of 2014 as a pool of 100 billion dollars on which a member facing short term pressure on its balance of payments may draw, so that it works for the BRICS group somewhat as the International Monetary Fund does for…