🧠 Daily GK
Daily GK Challenge
Monday, 19 January
NITI Aayog, which replaced the Planning Commission, was established in 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.
- Q1hard
How many major commercial banks were nationalised in India in 1969?
- A6
- B8
- C14
- D20
Show answer & solution
Correct answer: (C) 14
Fourteen major commercial banks were nationalised on 19 July 1969; another six were nationalised in 1980.
- Q2medium
The Goods and Services Tax (GST) came into effect in India on 1 July of which year?
- A2014
- B2015
- C2016
- D2017
Show answer & solution
Correct answer: (D) 2017
GST, described as 'One Nation, One Tax', was rolled out across India on 1 July 2017.
- Q3hard
Who designed the symbol of the Indian Rupee (₹)?
- ANandan Nilekani
- BD. Udaya Kumar
- CRaghuram Rajan
- DBibek Debroy
Show answer & solution
Correct answer: (B) D. Udaya Kumar
The Indian Rupee symbol (₹), adopted in 2010, was designed by D. Udaya Kumar.
- Q4medium
The 'White Revolution' in India is associated with increased production of:
- AMilk
- BWheat
- CFish
- DEggs
Show answer & solution
Correct answer: (A) Milk
The White Revolution, led by Verghese Kurien through Operation Flood, boosted milk production in India.
- Q5easy
The reverse repo rate is the rate at which:
- ACommercial banks borrow money from the RBI
- BThe RBI borrows money from commercial banks
- CCommercial banks lend to their best corporate customers
- DThe government borrows from the public through bonds
Show answer & solution
Correct answer: (B) The RBI borrows money from commercial banks
Repo rate is the rate at which the RBI lends to commercial banks against government securities. 'Reverse' flips the direction: banks park their surplus funds with the RBI, so the RBI is the borrower. Raising it pulls money out of the system. So the reverse repo rate is the rate at which the RBI borrows from commercial banks.