🧠 Daily GK
Daily GK Challenge
Wednesday, 14 October
The share of their net demand and time liabilities (NDTL) that banks must keep with themselves in the form of cash, gold or approved government securities is called the:
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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?
- A1947
- B1935
- C1969
- D1950
Show answer & solution
Correct answer: (B) 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?
- A1975
- B1991
- C1982
- D1969
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
- BJuly to June
- CApril to March
- DOctober to September
Show answer & solution
Correct answer: (C) April to March
India's financial year runs from 1 April to 31 March.