The two industrial settlements of October 2026 involved which bank?
- A.Bihar Gramin Bank
- B.Dakshin Bihar Gramin Bank
- C.Bihar State Co-operative Bank
- D.Central Bank of India
Correct answer
Explanation
The correct answer is Bihar Gramin Bank. Two disputes between its management and its employees organisations were settled on 22 and 23 October 2026 through the conciliation efforts of the Assistant Labour Commissioner (Central), Patna, working under the Office of the Chief Labour Commissioner (Central) in the Ministry of Labour and Employment. Dakshin Bihar Gramin Bank is a plausible distractor because of the similar name, but it is not the bank named in these settlements. Bihar State Co-operative Bank belongs to the co-operative sector and was not party to them. Central Bank of India is a public sector commercial bank and is also not involved here. Candidates should attach the figures to the right employer: benefits of about Rs 77.69 crore for more than 10,900 employees, made up of about Rs 67.17 crore for one group of staff and about Rs 10.52 crore for the other.
Read the full article: Bihar Gramin Bank Pacts Give Staff Rs 77.69 Crore Gains
Practice Questions
What is the approximate total financial benefit from the two Bihar Gramin Bank settlements?
- A.Rs 10.52 crore
- B.Rs 67.17 crore
- C.Rs 77.69 crore
- D.Rs 92.40 crore
Show answer
The option of Rs 10.52 crore is the benefit under the second settlement alone, signed on 23 October 2026 with the Bihar Gramin Bank Workers Organisation for around 2,500 employees, so it is a part and not the whole.
Read the full explanation →Which officer conciliated the Bihar Gramin Bank disputes?
- A.The Banking Ombudsman, Patna
- B.The Assistant Labour Commissioner (Central), Patna
- C.The Registrar of Co-operative Societies, Bihar
- D.The Industrial Tribunal, Patna
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The two disputes were resolved amicably through that officer conciliation efforts rather than through adjudication. The Banking Ombudsman handles customer complaints against banks and has no role in a dispute between a bank and its employees, so that option is wrong.
Read the full explanation →Under which scheme were 13 crore people said to have become entrepreneurs for the first time?
- A.PM SVANidhi
- B.Mudra Yojana
- C.PM Vishwakarma
- D.Atal Pension Yojana
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The Prime Minister said that this scheme made 13 crore people entrepreneurs for the first time, as part of a wider point that a borrower with nothing to offer as security can now raise a cheap and easy loan to start work.
Read the full explanation →Which two Reserve Bank of India facilities were inaugurated at Bhubaneswar on 25 October 2026?
- A.A currency printing press and a note sorting centre
- B.A data centre and a cyber security training institute
- C.A regional office and a banking ombudsman office
- D.A coin museum and a financial literacy centre
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The Prime Minister inaugurated exactly these two units of the Reserve Bank of India at Bhubaneswar, the capital of Odisha, and called the occasion an important one for the state and for the country.
Read the full explanation →Who is the Governor of the Reserve Bank of India who attended the Bhubaneswar inauguration?
- A.Shaktikanta Das
- B.Nirmala Sitharaman
- C.Sanjay Malhotra
- D.Mohan Charan Majhi
Show answer
The Prime Minister named him as the Governor of the Reserve Bank of India while greeting the guests on the dais at Bhubaneswar.
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