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🎯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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