UPSC Civil Services GK Questions 2026

It is the classic central bank function: when a bank is solvent but short of cash and neither the market nor other banks will lend to it, the Reserve Bank lends against eligible securities so that a local shortage does not turn into a general panic and a run on…

The Committee was created by the amendment of the Reserve Bank of India Act in 2016.

The one rupee note is issued by the Government of India through the Ministry of Finance and carries the signature of the Finance Secretary, not of the Governor.

He was the first Governor of the Reserve Bank, taking charge when the Bank opened in 1935, and he had earlier been a managing governor of the Imperial Bank of India.

Formally the Royal Commission on Indian Currency and Finance, it reported in 1926 and recommended that the currency and credit functions then divided between the Government and the Imperial Bank be placed in a single central bank.

The Reserve Bank of India Act was passed in 1934 and the Bank began work on the first day of April in the following year, with its central office at Calcutta.

Policy rates are announced by the Reserve Bank, and since 2016 the decision is taken by its Monetary Policy Committee of six members under the chairmanship of the Governor.

The Reserve Bank of India Act, 1934 is the statute that created the Bank and it carries the provisions on the custody and deployment of the country's foreign exchange reserves, which the Bank holds and invests.

The Reserve Bank of India began as a shareholders' bank and was taken into public ownership on 1 January 1949 under the Reserve Bank (Transfer to Public Ownership) Act, 1948.

Francis Newton Souza founded the Progressive Artists Group at Bombay in 1947 along with S. H. Raza, M. F. Husain, K. H. Ara, S. K. Bakre and H. A. Gade.

Kalamkari takes its name from kalam, a pen, and kari, work. Its two centres are Srikalahasti, where the design is drawn freehand with a bamboo pen and the subjects come from temple mythology, and Machilipatnam, where carved wooden blocks print repeated floral and Persian derived patterns.

The Hamzanama, the romance of the adventures of Amir Hamza, was the first great project of Akbar's imperial atelier and took about fifteen years, its large folios painted on cloth by a team under Mir Sayyid Ali and Abdus Samad.

He painted Bharat Mata in 1905, during the Swadeshi movement against the partition of Bengal, showing a saffron clad four armed figure holding sheaves of paddy, a white cloth, a book and a rosary, the gifts of food, clothing, learning and faith.

Kangra painting is the most lyrical of the Pahari styles and reached its height in the late eighteenth century under Raja Sansar Chand of Kangra in present day Himachal Pradesh.

Jahangir was a close observer of nature and asked his artists to record unusual birds, animals and flowers, so the single study replaced the crowded manuscript page.

Painting in oil on canvas was unknown in India before European artists and the colonial art schools brought it in during the eighteenth and nineteenth centuries.

He was a playwright, director and actor of the modern Indian theatre, best known for Charandas Chor and for working with folk performers of Chhattisgarh in his company Naya Theatre.

The Warli are a tribal community of the Palghar and Thane districts of northern Maharashtra, on the border of Gujarat.

The Bodhisattva Padmapani, holding a blue lotus, is painted on the left wall of the antechamber of Cave 1 at Ajanta in Maharashtra, with the Bodhisattva Vajrapani facing him.

Bani Thani was painted by Nihal Chand in the eighteenth century at Kishangarh in Rajasthan, under Raja Savant Singh, who wrote devotional poetry under the name Nagari Das.