SBI GK Questions 2026

The MRTP Act had been framed for an economy of licences and was concerned with the size of firms; the Competition Act shifted the focus to conduct, prohibiting anti competitive agreements and the abuse of a dominant position and regulating combinations, and it created the Competition Commission of India to…

Under this Act a licence from the government was needed to set up a new factory, to expand capacity, to change the product line or to shift the location of a plant, which is how the state controlled the pattern of industrial growth until 1991.

It set the framework in which Indian industry worked for more than three decades, dividing industry into three schedules: Schedule A reserved seventeen industries for the state, Schedule B marked twelve for growing state participation and Schedule C left the rest to private enterprise.

The MSMED Act came into force on 2 October 2006. It defined micro, small and medium enterprises in law for the first time, provided for a National Board for MSME, required a memorandum of registration and laid down the rule that a buyer must pay a micro or small enterprise…

The National Small Industries Corporation was set up in 1955 to help small units with machinery on hire purchase, raw material supply, marketing and government purchase, and it works under the Ministry of Micro, Small and Medium Enterprises.

This Act of 1985 had created the Board for Industrial and Financial Reconstruction to deal with sick industrial units in the private sector.

Under the composite criteria notified in 2020, an enterprise with investment in plant, machinery or equipment up to one crore rupees and turnover up to five crore rupees is a micro enterprise, and the same ceilings apply whether it manufactures goods or renders services.

The expression comes from the Micro, Small and Medium Enterprises Development Act, which came into force on 2 October 2006 and gave the sector its first statutory definition, replacing the older language of small scale and ancillary industrial undertakings.

The National Housing Bank is one of the central nodal agencies through which the Centre passes the interest subsidy of the Credit Linked Subsidy Scheme of Pradhan Mantri Awas Yojana (Urban) down to the lenders.

The correct answer is Keshav Chandra, Secretary, Ministry of Mines, who launched the auction virtually for the grant of a Composite Licence.

Both blocks are described as holding deposits of this kind, and they host cobalt, nickel, manganese, copper and rare earth elements, which are needed for advanced manufacturing, clean energy technology, electric mobility and electronics.

The Ministry of Mines offered Sewell Rise-01, in the southern part of Sewell Rise, and West Sewell Ridge-01, which lies off Great Nicobar Island, and both blocks sit in the Andaman Sea.

A Regional Rural Bank must lend seventy five per cent of its total outstanding advances to the priority sector, a far higher share than other banks carry, because these banks exist to serve small and marginal farmers, agricultural labourers, artisans and small entrepreneurs.

The Ninety seventh Constitutional Amendment Act of 2011 inserted Article 43B in the Directive Principles, asking the State to promote the voluntary formation, autonomous functioning, democratic control and professional management of cooperative societies.

It ended the loose half of the old dual control by placing all urban cooperative banks and multi state cooperative banks squarely under the supervision of the Reserve Bank, giving the Bank powers over their boards, their capital raising and their amalgamation, after a series of failures had hurt depositors.

The correct answer is B, Anyonya Cooperative Bank of Vadodara in Gujarat, begun in 1889 as a mutual aid society among government servants and generally counted as the first urban cooperative bank in India, older even than the Cooperative Credit Societies Act of 1904.

In the short term cooperative credit structure the base is the Primary Agricultural Credit Society in the village, above it stands the District Central Cooperative Bank and at the apex of the state stands the State Cooperative Bank.

The correct answer is B, the Narasimham Working Group of 1975, which proposed a new kind of rural institution combining the local feel of a cooperative with the discipline of a commercial bank, and the first Regional Rural Banks followed on 2 October of that year.

Prathama Bank, with its head office at Moradabad in Uttar Pradesh and sponsored by Syndicate Bank, was the first of the five Regional Rural Banks set up on 2 October 1975, and its name, meaning the first, is itself the hint.

The capital of a Regional Rural Bank is shared in the ratio of fifty, thirty five and fifteen: the Central Government holds fifty per cent, the sponsor bank thirty five per cent and the State Government fifteen per cent.