SBI GK Questions 2026

The Office of the Economic Adviser, which sits in the Department for Promotion of Industry and Internal Trade under the Ministry of Commerce and Industry, compiles the Index of Eight Core Industries and also the Wholesale Price Index, and it publishes the core sector figure every month.

The eight core industries are the energy and basic material industries on which the rest of manufacturing depends, and because they make up two-fifths of the IIP their monthly index is read as an advance signal of what the fuller index will report a little later.

In 2017 the base year of the IIP was shifted to 2011-12, the item basket was refreshed to take in goods that had become important since the previous revision, and the weights were recalculated from the gross value added shares of that year.

Mining, option A, has 14.37 per cent, and electricity, option C, has 7.99 per cent, so the three add up to a hundred.

The IIP is confined to the industrial sector and has exactly three components, mining, manufacturing and electricity, which are options A, B and C. Agriculture and the whole of the services sector, which together account for the larger part of India's output, lie outside the index, and that is why…

It works under the Ministry of Statistics and Programme Implementation, gathers production returns from more than a dozen source agencies spread across ministries, and publishes the IIP every month as a Quick Estimate that is revised as fuller data come in.

The correct answer is New Medicines, which took 27 of the 41 approved projects.

The correct answer is the Ministry of Chemicals and Fertilizers, which houses the Department of Pharmaceuticals, and it is that department which announced the approvals under PRIP.

That is the assistance the Department of Pharmaceuticals committed to the 41 projects cleared in the first call of the scheme.

The Act states that it will be used in any legal proceeding, in arbitration, and in any investigation or inquiry under that Sanhita or under any other law for the time being in force, wherever evidence is or may be taken.

The Act allows the contents of a banker's book to be proved by a certified copy without producing the original, so an officer is not ordinarily compelled to appear, and it protects officers from routine appearance where the bank is not a party.

The backgrounder states plainly that the Act comes into force on that date and replaces the older law of the same name from then.

The new Act carries the same name with the new year and takes the place of the colonial-era statute, which was framed at a time when banking systems were entirely paper-based.

The Reserve Bank of India publishes four measures of money supply, and M3 is the one called broad money, also known as aggregate monetary resources.

Parliament passed the Life Insurance Corporation Act in 1956, and the Life Insurance Corporation of India began work on 1 September that year, after the life insurance business of 245 private insurers and provident societies was taken over and merged into it.

Muhammad Yunus, an economist from Bangladesh, founded Grameen Bank. He grew it out of a lending experiment begun in the village of Jobra in 1976, and the bank was given formal status by law in 1983.

NACH is the bulk payment system for many credits or debits at once, such as salary, pension, dividend, subsidy and direct benefit transfer on the credit side and loan instalments, insurance premiums and utility bills on the debit side, and it took over the work of the older ECS with…

A FASTag is an RFID sticker on the windscreen which a reader at the toll plaza identifies from a distance, so the toll is debited from the linked account or wallet without the vehicle stopping; the programme is run by NPCI as National Electronic Toll Collection.

Under this Act no person may commence or operate a payment system in India without authorisation from the Reserve Bank, and it created the Board for Regulation and Supervision of Payment and Settlement Systems within the RBI.

BHIM stands for Bharat Interface for Money, and the acronym was chosen in honour of Dr Bhimrao Ramji Ambedkar, the chairman of the drafting committee of the Constitution and a trained economist.