🧠 Daily GK
Daily GK Challenge
Saturday, 17 January
The Goods and Services Tax (GST) came into effect in India on 1 July of which year?
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More practice: Indian Economy & Banking Awareness
5 more SSC CGL questions from the same chapter, with step-by-step solutions. Try each one, then reveal the answer.
- Q1easy
In which year was the Reserve Bank of India (RBI) established?
- A1935
- B1947
- C1950
- D1969
Show answer & solution
Correct answer: (A) 1935
The Reserve Bank of India was established on 1 April 1935 under the RBI Act, 1934.
- Q2easy
Where is the headquarters of the Reserve Bank of India located?
- ANew Delhi
- BKolkata
- CMumbai
- DChennai
Show answer & solution
Correct answer: (C) Mumbai
The RBI's central office has been located in Mumbai since 1937.
- Q3medium
Which is the largest public sector bank in India?
- APunjab National Bank
- BBank of Baroda
- CCanara Bank
- DState Bank of India
Show answer & solution
Correct answer: (D) State Bank of India
The State Bank of India (SBI), formed in 1955, is the largest public sector bank in India by assets and branches.
- Q4medium
NABARD, the apex body for agriculture and rural credit, was established in which year?
- A1969
- B1975
- C1982
- D1991
Show answer & solution
Correct answer: (C) 1982
The National Bank for Agriculture and Rural Development (NABARD) was set up on 12 July 1982.
- Q5easy
What is the financial (fiscal) year followed in India?
- AJanuary to December
- BApril to March
- CJuly to June
- DOctober to September
Show answer & solution
Correct answer: (B) April to March
India's financial year runs from 1 April to 31 March.