Railway GK Questions 2026

It was founded in 1908 by Maharaja Sayajirao Gaekwad III, nationalised in the first round of July 1969, and the Government of India still holds the majority of its shares, which is what makes a bank a public sector bank.

A commercial bank exists to gather savings from those who have a surplus and lend them to those who need funds, and it earns from the gap between the interest it pays depositors and the interest it charges borrowers.

The Reserve Bank of India Act was passed in 1934 and the Bank commenced operations on 1 April 1935, taking over note issue from the Controller of Currency and the management of government accounts and public debt from the Imperial Bank of India.

NABARD was set up on 12 July 1982 on the recommendation of the Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development, chaired by B. Sivaraman.

It was registered in 1894 and opened at Lahore as the first bank floated entirely with Indian capital and run by Indian management, with Lala Lajpat Rai among those associated with its founding.

On 15 April 1980 the Government nationalised six more private banks, this time using a deposit cut-off of ₹200 crore.

The All India Rural Credit Survey Committee under A. D. Gorwala reported that rural credit needed a bank with branches across the country and in state partnership.

Formally the Royal Commission on Indian Currency and Finance, it reported in 1926 that the control of currency and of credit should not be split between the Government and the Imperial Bank but placed in one central bank.

The rupee was tied to the pound sterling from colonial times and stayed pegged to it after independence. In 1975 the link was cut and the rupee was tied instead to a basket of currencies of India's major trading partners, with the Reserve Bank fixing the daily rate.

The Reserve Bank opened in 1935 as a shareholders' bank with privately held share capital.

It was founded in 1865 and is remembered as the oldest joint stock bank in India, a joint stock bank being one owned by shareholders rather than by a partnership of agency houses.

On 19 July 1969 the Government of India issued an ordinance taking over the fourteen largest Indian scheduled commercial banks, those whose deposits stood at ₹50 crore or more.

Vatican City is an independent state of well under half a square kilometre lying entirely inside the city of Rome, and it is the smallest country in the world by both area and population.

The Bay of Bengal is the north-eastern arm of the Indian Ocean, bounded by India, Bangladesh, Myanmar and Sri Lanka, and it is the largest bay in the world.

The Andes run down the whole western edge of South America, through seven countries from Venezuela to the southern tip of Chile and Argentina, and form the longest mountain range above sea level.

Baikal lies in southern Siberia in Russia, fills a deep rift in the earth's crust and is the deepest lake in the world.

Greenland lies between the Arctic and the Atlantic, is covered almost entirely by an ice sheet and is an autonomous territory of Denmark.

Angel Falls drops 979 metres from the edge of a flat-topped table mountain called Auyan Tepui in the Guiana highlands of Venezuela, and is the highest uninterrupted waterfall in the world.

The Sahara stretches across northern Africa from the Atlantic to the Red Sea and is the largest hot desert in the world.

The Nile flows north through north-eastern Africa for about 6,650 kilometres to the Mediterranean and is the river taken as the longest in the world in almost every textbook and examination.