📌Day 2 - Daily General Awareness Answer Typing Challenge

❓Question - Day 2

https://whatsapp.com/channel/0029VbCuGeP0gcfRP0xnj12o/148

🏆Leaderboard - Day 2

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🏆 PREPDEEP DAILY GA LEADERBOARD - DAY 5 🏆

Honoring the sharpest minds from today’s Typing Challenge!

Thank you for the overwhelming response to this morning's question.

🏅 WINNERS

Aspirant IDs : 🙏, Rajeshwari, Mohana priya Durai, Thej_19, Madhusoodan M D, Pavi Marsha, 𝕾𝖊𝖑𝖋𝖎𝖘𝖍🎼🎶🎧😊, manojsankaran, Sowndarya Kannan, T Ramya
Review : Good clarity.

💡 CORE MAINS TAKEAWAY FOR ALL ASPIRANTS:

Today's Question : What is the exact standard Priority Sector Lending (PSL) target percentage fixed by the RBI for domestic commercial banks in India?

Answer : 40% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposure (CEOBE) is the exact standard Priority Sector Lending (PSL) target percentage fixed by the RBI for domestic commercial banks in India to ensure credit flows to weaker economic segments.



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📈 The Trend Never Fails: 1+ Question Guaranteed Every Year!

🎯Every single year, Mains exams pick from these essential statutes. Save this list and follow us to crack the GA section!👇

🔹 Negotiable Instruments (NI) Act — 1881

🔹 Bankers’ Books Evidence Act — 1891

🔹 The Co-operative Societies Act — 1912

🔹 Reserve Bank of India (RBI) Act — 1934

🔹 Insurance Act — 1938

🔹 Public Debt Act — 1944

🔹 Banking Regulation (BR) Act — 1949

🔹 State Financial Corporations Act — 1951

🔹 State Bank of India (SBI) Act — 1955

🔹 Life Insurance Corporation (LIC) Act — 1956

🔹 Companies Act — 1956 / 2013

🔹 State Bank of India (Subsidiary Banks) Act — 1959

🔹 Deposit Insurance and Credit Guarantee Corporation (DICGC) Act — 1961

🔹 Limitation Act — 1963

🔹 Banking Companies (Acquisition and Transfer of Undertakings) Act — 1970 (14 Banks Nationalized)

🔹 Regional Rural Banks (RRB) Act — 1976

🔹 Banking Companies (Acquisition and Transfer of Undertakings) Act — 1980 (6 Banks Nationalized)

🔹 Export-Import Bank of India (EXIM) Act — 1981

🔹 National Bank for Agriculture and Rural Development (NABARD) Act — 1981

🔹 Chit Funds Act — 1982

🔹 Legal Services Authorities Act (Lok Adalats) — 1987

🔹 National Housing Bank (NHB) Act — 1987

🔹 Small Industries Development Bank of India (SIDBI) Act — 1989

🔹 Securities and Exchange Board of India (SEBI) Act — 1992

🔹 Recovery of Debts and Bankruptcy (RDB) Act — 1993

🔹 Foreign Exchange Management Act (FEMA) — 1999

🔹 Insurance Regulatory and Development Authority (IRDA) Act — 1999

🔹 Information Technology (IT) Act — 2000 (Governs Cyber-Banking)

🔹 Prevention of Money Laundering Act (PMLA) — 2002

🔹 SARFAESI Act — 2002

🔹 Fiscal Responsibility and Budget Management (FRBM) Act — 2003

🔹 Credit Information Companies (Regulation) Act — 2005

🔹 Government Securities Act — 2006

🔹 Micro, Small and Medium Enterprises Development (MSMED) Act — 2006

🔹 Payment and Settlement Systems (PSS) Act — 2007

🔹 Coinage Act — 2011

🔹 Factoring Regulation Act — 2011

🔹 Insolvency and Bankruptcy Code (IBC) — 2016

🔹 Fugitive Economic Offenders Act — 2018

🔹 Banning of Unregulated Deposit Schemes Act — 2019

🔹 Consumer Protection Act — 2019 (Governs Banking Services/UPI Fraud)

🔹 International Financial Services Centres Authority (IFSCA) Act — 2019

🔹 Banking Regulation (Amendment) Act — 2020 (Co-op Banks under RBI)

🔹 Bilateral Netting of Qualified Financial Contracts Act — 2020

🔹 National Bank for Financing Infrastructure and Development (NaBFID) Act — 2021

🔹 Banking Laws (Amendment) Act — 2025 (Multi-nominee facility & Co-op alignment)

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💯Absolute must-know list for IBPS PO, SBI PO, and RBI Grade B Mains.

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What is the operation done to assist Venezuela

✅Operation Amistad.

✅Spanish Word 'Amistad' meaning 'Friendship'.

✅Venezuela official language, Spanish.

✅Venezuela capital, 'Caracas'.

✅Venezuela currency, 'Venezuelan Bolivar'.

✅BHISHM Cubes once again in news. India deployed these in North East, and in High Altitude Zones. PM Modi gifted these to Ukraine as a sign of goodwill. India gifted these to Sri Lanka during Operation SagarBandhu (Humanitarian Assistance following Cyclone Ditwa in Sri Lanka). India gifted these to Myanmar, Maldives, Jamaica, Kyrgyzstan.

📈 The Trend Never Fails: 1+ Question Guaranteed Every Year!

🎯 Every single year, Mains exams pick from these essential tools. Save this list and follow us to crack the GA section! 👇

1. Quantitative Tools

🔹 Cash Reserve Ratio (CRR) — Share of bank deposits held as cash with RBI.

🔹 Statutory Liquidity Ratio (SLR) — Liquid assets banks must maintain in gold or securities.

🔹 Repo Rate — Rate at which RBI lends short-term money to commercial banks.

🔹 Reverse Repo Rate — Rate RBI pays banks for parking their excess funds.

🔹 Bank Rate — Long-term lending rate charged by RBI without collateral requirements.

🔹 Marginal Standing Facility (MSF) — Emergency overnight borrowing rate for banks against government securities.

🔹 Open Market Operations (OMO) — Sale and purchase of government securities by RBI.

2. Qualitative Tools

🔹 Margin Requirements — Difference between loan value and the collateral value pledged.

🔹 Moral Suasion — RBI advice and psychological persuasion to influence bank lending.

🔹 Selective Credit Control — Restricting or directing bank credit flow to specific sectors.

🔹 Credit Rationing — Fixing maximum limits on credit for specific industries or activities.

🔹 Direct Action — Penalties and steps taken by RBI against non-compliant banks.

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💯Absolute must-know list for IBPS PO, SBI PO, and RRB PO Mains.

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