SBI GK Questions 2026

A gift tax is charged on the transfer of money or property from one person to another without consideration; it is a tax on a transfer between persons, not on any sale of goods or supply of services.

GST is charged on the supply of goods and services, and although the registered supplier deposits it with the government, the amount is recovered from the buyer in the price.

An ATM set up, owned and operated by a non-bank company registered under the Companies Act is called a white label ATM, because it carries no bank's logo.

At the annual meeting of the AIIB Board of Governors the Union Minister for Finance and Corporate Affairs attends as India's Governor to the bank, and on this occasion she also leads a delegation of Ministry of Finance officials.

The eleventh annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank is scheduled in Doha, the capital of Qatar, and the Union Finance Minister travels there on an official visit for it.

India is the second largest shareholder of the Asian Infrastructure Investment Bank, and the Union Finance Minister attends the annual meeting of its Board of Governors as India's Governor to the bank in that capacity.

The Internet of Things means giving everyday objects — machines, sensors, meters, shelves, vehicles — an address on the internet so that they can report what they sense and be controlled from a distance.

The SENSEX tracks thirty large, well traded companies listed on the BSE. The name is short for Sensitive Index.

It is a private sector joint venture, not a public sector insurer. SBI Life was set up in 2001 as a partnership between the State Bank of India and BNP Paribas Cardif of France.

The Basel Norms are international standards for banking supervision. They are issued by the Basel Committee on Banking Supervision, which works under the Bank for International Settlements at Basel in Switzerland.

UCO Bank uses this line in its logo and advertising. UCO Bank was founded in Kolkata in 1943 as the United Commercial Bank, and the industrialist G. D. Birla was behind its creation.

Cloud computing is sold in three service models, and PaaS is the middle one.

From 1 April 2017 the State Bank of India absorbed its five remaining associate banks, the State Bank of Bikaner and Jaipur, the State Bank of Hyderabad, the State Bank of Mysore, the State Bank of Patiala and the State Bank of Travancore, together with Bharatiya Mahila Bank, which had…

R. C. Cooper, a shareholder and director of one of the affected banks, challenged the law of 1969, and an eleven judge bench of the Supreme Court struck it down because the compensation provided for the acquired undertakings was not adequate and the banks were barred from carrying on business.

The cut off used in the first round of nationalisation was deposits of fifty crore rupees or more as on the relevant date, and fourteen banks crossed it.

With effect from 1 April 2019, Vijaya Bank of Karnataka and Dena Bank of Gujarat were merged into Bank of Baroda.

Allahabad Bank, founded in 1865 and one of the fourteen banks nationalised in 1969, was amalgamated into Indian Bank with effect from 1 April 2020.

Under the amalgamation notified with effect from 1 April 2020, Syndicate Bank was merged into Canara Bank. Both banks had their roots in coastal Karnataka, Canara Bank at Mangaluru and Syndicate Bank at Udupi, so the merged bank kept a strong base in the same region.

New Bank of India, one of the six banks nationalised in 1980, ran into heavy losses and was amalgamated with Punjab National Bank in 1993.

The Reserve Bank of India began as a shareholders' institution in 1935 and was taken into full government ownership from 1 January 1949 under the Reserve Bank of India (Transfer to Public Ownership) Act, 1948.