Railway GK Questions 2026

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.

The Inland Vessels Act, 2021 replaced the Inland Steam Vessels Act of 1917, a colonial law under which every state registered vessels separately.

Sahibganj lies on the Ganga in the north-eastern corner of Jharkhand and its terminal was built to move coal and stone chips from the Rajmahal belt by water instead of road.

The Jal Marg Vikas Project, taken up with assistance from the World Bank, deepens the channel of the Ganga between Haldia and Varanasi and builds multi-modal terminals, jetties and navigation aids so that larger vessels can sail through the year.

Shipping and navigation on inland waterways declared by Parliament to be national waterways is a Union List subject, which is why a central Act is needed to declare each waterway.

The Barak between Lakhipur and Bhanga, about 121 km, serves the Barak valley of southern Assam, and through Karimganj it joins the protocol route across Bangladesh, which makes it the lifeline of a region cut off from the rest of Assam by hills.

National Waterway 3 runs 205 km from Kollam to Kottapuram along the West Coast Canal and includes the Champakara and Udyogmandal canals, which serve the industrial belt near Kochi.

The National Waterways Act, 2016 brought together in one statute the five waterways already declared between 1986 and 2008 and added many more, making 111 in all, spread over rivers, canals, creeks, estuaries and backwaters in most states of the country.

The Authority came into being in 1986 under the Inland Waterways Authority of India Act, 1985, and its headquarters is at Noida in Uttar Pradesh.

National Waterway 2 follows the Brahmaputra for 891 km inside Assam, from Dhubri on the Bangladesh border to Sadiya in the upper valley, and its principal terminal is Pandu near Guwahati.

The correct answer is C, 1,620 km, which makes National Waterway 1 the longest of India's national waterways and the one with the largest cargo movement.

National Waterway 1 runs 1,620 km from Haldia in West Bengal to Prayagraj in Uttar Pradesh, through West Bengal, Jharkhand, Bihar and Uttar Pradesh, and was the first waterway to be declared national, in 1986.

The correct answer is A, the Padmaja Naidu Himalayan Zoological Park at Darjeeling, the highest altitude zoo in India, which runs recognised conservation breeding programmes for the red panda, the snow leopard and the Himalayan wolf, and has released captive-bred red pandas into the Singalila landscape.