SSC CGL GK Questions 2026

The Reserve Bank set up the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households under Nachiket Mor in September 2013, and its report recommended differentiated bank licences, including payments banks, as a faster route to financial inclusion than waiting for full service banks to expand.

At least a quarter of the banking outlets of a small finance bank must be in unbanked rural centres, which the guidelines define as centres with a population of up to 9,999 according to the latest census, the same definition used for universal banks; the requirement exists so that a…

The guidelines require that at least half of a small finance bank's loan portfolio be made up of loans and advances of up to twenty five lakh rupees each, and the purpose is to keep the bank lending small even as it grows, so that it does not drift towards…

A small finance bank exists to serve small borrowers, and the guidelines enforce that purpose by requiring seventy five per cent of its adjusted net bank credit to go to the sectors eligible as priority sector lending, which include agriculture, micro and small enterprises, education, housing and weaker sections.

Since a payments bank cannot lend, the guidelines direct where its deposits must go: at least seventy five per cent of demand deposit balances must be invested in government securities and treasury bills eligible for the statutory liquidity ratio, with a maturity of up to one year, and not more…

The licence of a payments bank excludes credit altogether: it may not lend to anyone and may not issue credit cards, and this single prohibition is what separates it from every other kind of bank in India.

A payments bank may accept demand deposits, that is savings and current accounts, but the total balance of an individual customer with the bank cannot exceed two lakh rupees at the end of the day.

The Reserve Bank released the final guidelines for licensing both payments banks and small finance banks on the twenty seventh of November 2014, acting on the report of the Nachiket Mor Committee on Comprehensive Financial Services for Small Businesses and Low Income Households.

The Param Vir Chakra is the highest wartime gallantry decoration of the Indian armed forces, given for the most conspicuous bravery in the presence of the enemy, and its peacetime equivalent is the Ashoka Chakra; neither belongs to the civilian order of precedence.

Sri Lankabhimanya, which means the pride of Sri Lanka, is the highest national honour of that country and is awarded for exceptional and outstanding service to the nation; the name itself carries the clue, since the country is named in the award.

The Supreme Order of the Chrysanthemum is the senior order of Japan, and the chrysanthemum is the emblem of the imperial house, which is why the flower gives the order its name and why the Japanese throne is called the Chrysanthemum Throne.

Until December 2011 the Bharat Ratna could be given only for exceptional service in art, literature and science or for public service of the highest order, and sport was outside its scope.

The rules of the Bharat Ratna provide that not more than three awards may be made in a particular year, and there is no obligation to make any award at all in a given year, which is why several years have passed with none.

The Presidential Medal of Freedom was established in 1963 by President John F. Kennedy, replacing an earlier Medal of Freedom of 1945, and it is awarded for especially meritorious contribution to the security or national interests of the United States, to world peace, or to cultural and other significant public…

Nishan-e-Pakistan, which means the order of Pakistan, is the highest civilian decoration conferred by that country and is usually given to heads of state and to those who have rendered outstanding service to Pakistan; the word nishan denotes the highest class in its system of awards, above hilal, sitara and…

The Legion of Honour was instituted by Napoleon Bonaparte in 1802 to reward civil and military merit, and it remains the highest decoration of France, awarded in five classes of which the Grand Cross is the highest.

Both the Bharat Ratna and the Padma series were instituted on the second of January 1954, during the presidency of Dr Rajendra Prasad, and the first Bharat Ratna awards went that year to C. Rajagopalachari, C. V. Raman and S. Radhakrishnan.

The Indian civilian honours run in a fixed order of precedence: the Bharat Ratna first, then Padma Vibhushan, then Padma Bhushan and then Padma Shri. Counting from the top, Padma Bhushan is therefore the third highest, and it is given for distinguished service of a high order in any field.

Charvaka, also called Lokayata and attributed to Brihaspati, rejects the authority of the Vedas, denies rebirth and a soul surviving death and holds that perception alone is a valid means of knowledge, so it is classed as nastika or heterodox along with Buddhism and Jainism.

The fourth Buddhist council met in Kashmir under the patronage of the Kushana ruler Kanishka, and it is remembered because the assembly divided into the Hinayana and Mahayana schools; the proceedings were in Sanskrit, and Vasumitra presided with Ashvaghosha associated with it.