Banking Current Affairs Quiz: 3 October 2026

The correct answer is ₹180 crore. NABKISAN Finance Limited, a subsidiary of NABARD, placed India's first social bond meant only for water, sanitation and hygiene work, and investors bid for 1.8 times the paper on offer. That demand allowed the company to mobilise ₹180 crore, which will be lent for safe water, toilets and hygiene services in villages and in pockets that lenders normally skip. Option A, ₹90 crore, is half the real figure and matches nothing in the issue. Option C, ₹250 crore, and option D, ₹360 crore, are larger round sums that were never raised; the issue closed at the stated amount even though demand ran ahead of it. Candidates should fix the amount alongside the other terms of the paper, namely a tenure of five years, a coupon of 8.10% a year, redemption in September 2031 and the top domestic rating of AAA (Stable) from both CRISIL and CARE.

The correct answer is Türkiye. Navpreet Singh, named by the Ministry of Home Affairs as a hardened kingpin of the narcotics trade, had settled in Türkiye and taken Turkish nationality under the invented identity of Navab Virk. Indian agencies stripped away that cover, established who he really was and secured his handover; he reached India on 3 October 2026 and was put behind bars in drug-trafficking and other criminal cases. The United Arab Emirates is wrong because no Gulf state figures in this particular operation. Thailand is wrong for the same reason, and the smuggling route described here runs from Afghanistan into India rather than through South-East Asia. Portugal is wrong because no European Union member is named in the deportation. Only Türkiye, whose citizenship he had obtained fraudulently, sent him back.

The correct answer is Resilience in an Age of Flux. The conclave was organised on that theme by the Institute of Economic Growth, and the Vice-President used it to argue that economic resilience cannot be separated from social resilience, that inclusion is the foundation of resilience, and that no citizen, enterprise or region should be left behind. Option A names a governance slogan, not this theme. Option C points to a climate and energy framing that the inaugural address did not adopt as the title of the event. Option D is a global-commons style phrase used in other forums. Only the second option matches the theme under which policymakers, economists, academics and business leaders met in New Delhi on 3 October 2026, so it is the answer.

The correct answer is the United Republic of Tanzania. The Assembly and the meetings held around it are taking place at Arusha, a city in that country, from 5 to 9 October 2026, and the Indian Parliamentary Delegation left for Arusha for this purpose. Option A, Kenya, is a neighbour of Tanzania and a frequent venue for conferences in East Africa, but it is not the host this time. Option C, Uganda, and option D, Ethiopia, are also East African states and are offered because they look plausible; neither hosts the Assembly. Aspirants should hold the city and the country together, since questions are set on either one. It is also worth noting that the theme chosen for this edition is 'Enhancing good governance and empowering communities through inclusivity, trust and opportunities for all', and that the Indian team is led by the Deputy Chairman of the Rajya Sabha.

The correct answer is Majigam in Navsari district, Gujarat. Union Minister of Jal Shakti Shri C. R. Patil attended the Special Gram Sabha there, in Chikhli Block, on Swachh Bharat Diwas. He honoured sanitation workers, viewed the Waste to Art display and planted a sapling under the Ek Ped Maa Ke Naam drive. The other three options name villages where Special Gram Sabhas were also held, but they were attended by officers of the Department of Drinking Water and Sanitation, not by the Union Minister. Option A, Sayli in Dadra and Nagar Haveli, was visited by a Deputy Secretary, who also saw a sewage treatment plant. Option D, Pindarkom in Ranchi district of Jharkhand, was covered by another Deputy Secretary, and option C, Ratipur in Palwal district of Haryana, saw an inspection of the waste segregation shed. Aspirants should link the Minister's name with the village, the block, the district and the state.

The correct answer is the National Bank for Agriculture and Rural Development. NABKISAN Finance Limited is a NABARD subsidiary, and the listing of the WASH bond was described as a step that strengthens the commitment of both NABARD and NABKISAN to new financing routes for rural development. The Chairman of NABARD, Dr. Shaji Krishnan V, spoke at the ceremony and argued that development institutions make such projects bankable enough to attract commercial lenders and the capital market. Option A, the Small Industries Development Bank of India, works with small and medium industry, not with this issuer. Option C, the National Housing Bank, refinances housing finance, and option D, the Export-Import Bank of India, supports foreign trade; neither has any role here. The parent institution is worth remembering because the ownership explains why the proceeds are aimed at rural and underserved households.

The correct answer is Navab Virk. That was the false name under which the narco-trafficking kingpin secured citizenship of Türkiye, and behind it he continued sending heroin and methamphetamine into India from Afghanistan. Indian agencies removed one layer of the disguise after another, fixed his real identity as Navpreet Singh, and obtained his deportation; he was jailed in India in drug-trafficking and other criminal cases. Navdeep Brar is wrong because no such alias is mentioned anywhere in the government statement. Nawaz Virdi is wrong: it only resembles the real alias in sound and is not the name on the Turkish papers. Noor Virk is wrong for the same reason, a near-miss on the surname alone. Candidates should fix both names together, the real one and the forged one.

The correct answer is the Institute of Economic Growth, established in 1952. The Vice-President recalled that the institute was set up that year under Professor V. K. R. V. Rao and has stayed close to India’s development journey ever since; it hosts this conclave. Option D names the right institution but the wrong year of establishment, which is the usual trap in such questions. Options B and C name other well-known economic research bodies that did not organise this event, so they are wrong whatever founding year is attached to them. Students should remember the pairing of the institute with its founder and with the conclave, and also that its Board of Trustees is headed by N. K. Singh while Dr. Michael Debabrata Patra chairs its Board of Governors.

The correct answer is the Deputy Chairman of the Rajya Sabha, Shri Harivansh, who heads the nine-member team that went to Arusha. He is to sit in the Governing Council of the Inter-Parliamentary Union, speak in the General Debate and in the debate on the emergency item, and attend the hearing of those who are candidates for the post of IPU President. Option A, the Speaker of the Lok Sabha, often leads Indian parliamentary teams abroad, which makes it a tempting choice, but the delegation this time is led by the Rajya Sabha Deputy Chairman. Option C, the Leader of the Opposition in the Lok Sabha, holds no such role here. Option D, the Minister of External Affairs, belongs to the government and not to a parliamentary delegation; the Assembly is a meeting of parliaments rather than of governments, and the announcement came from the Rajya Sabha Secretariat.

The correct answer is an annual digital self-assessment carried out by a Gram Panchayat. The framework lets a panchayat judge its own sanitation work each year, and it was taken up in the Special Gram Sabhas, above all in ODF Plus (Model) Gram Panchayats; the Joint Secretary and Mission Director of the Swachh Bharat Mission (Grameen) made a presentation on it at Majigam. Option A is wrong because it is not an award given from the centre to a district; it is an exercise the panchayat performs on itself. Option C is wrong on two counts, since the framework belongs to the rural arm of the mission and is not a survey of urban toilets. Option D is wrong because no vehicle subsidy was announced; what the sabhas reviewed were the results of Swachhata Hi Seva 2026, the four-way segregation of waste at source required by the Solid Waste Management Rules, 2026, and the listing of bulk waste generators.

The correct answer is 8.10% a year. The bond that NABKISAN listed on the National Stock Exchange in Mumbai runs for five years and pays this rate to its holders until it is redeemed in September 2031. Two rating agencies, CRISIL and CARE, judged the paper to be of the highest domestic quality and marked it AAA with a stable outlook, which is why a rate at this level drew bids worth 1.8 times the amount on offer and let the company collect ₹180 crore. Options A and B, at 7.10% and 7.75%, are lower than the rate actually promised, while option D at 8.60% is higher; none of these was offered. For the examination, pair the coupon with the tenure, the maturity month, the oversubscription and the amount raised, since questions on a bond issue usually test one of those five figures.

The correct answer is 288 fugitives from 36 countries. That is the count the Ministry of Home Affairs gave for the period from 2019 up to August 2026, during which returning absconders was pursued as a national priority through global outreach, close coordination between agencies and diplomacy. The other three options alter either the number of fugitives or the number of countries and so do not match the official figure. Option A understates both; option B is closer but still wrong on each count; option D inflates both. Students should also link the figure to the legal groundwork of the same period: the NIA and UAPA amendments of 2019, the mission-mode drive from 2020, and the BHARATPOL platform that speeds up information sharing with the CBI.

The correct answer is more than 590 million. The inaugural address used this figure to show how far financial inclusion has spread, crediting the JAM trinity, Direct Benefit Transfer and the Goods and Services Tax with widening access, improving transparency and formalising the economy. In the same passage the Vice-President said GST registrations climbed from about 6.65 million in 2017 to 16.5 million in May 2026. The other three options are smaller counts that do not match the figure cited for August 2026, so each is wrong. Remember the comparison the speech drew: resilience is built not only in boardrooms and financial markets but also when a village woman holds an account, draws her benefits directly and turns a Self-Help Group into an enterprise.

The correct answer is the election of the United Nations Secretary-General, which has nothing to do with this Assembly. The Inter-Parliamentary Union is the global body of national parliaments and runs its own affairs, so an election at the United Nations is not on its programme. Options A, B and C are all forums the leader of the Indian delegation, Rajya Sabha Deputy Chairman Shri Harivansh, is scheduled to attend: the Governing Council, which takes the organisation's decisions; the General Debate, held on the theme of the Assembly; and the debate on the emergency item, which allows a pressing world question to be taken up at short notice. He is also to attend the hearing of the candidates standing for the post of IPU President. Other members of the Indian team will join panels and workshops on democracy, maritime security, counter-terrorism, critical minerals, artificial intelligence and climate change.

The correct answer is Ek Ped Maa Ke Naam, the plantation drive under which Shri C. R. Patil and the Joint Secretary and Mission Director of the Swachh Bharat Mission (Grameen) planted trees at Majigam. The same drive was followed at the sabhas in Dadra and Nagar Haveli, Jharkhand and Haryana, where plantation accompanied the honouring of sanitation workers and the Swachhata pledge. Option A, Van Mahotsav, is the long-standing tree-planting week of July and was not the drive named here. Option C, Harit Bharat Abhiyan, is a plausible-sounding title but no such drive figures in the day's programme. Option D, Nagar Van Yojana, concerns urban forests and city green spaces, which is not what the Gram Sabhas in villages were doing. Remember the drive along with the Waste to Art exhibit and the Swachhata pledge taken by everyone present.

The correct answer is January 2025. BHARATPOL was launched then by the Union Home Minister to improve coordination, connectivity and information sharing between Indian and foreign law enforcement agencies. It places the CBI, state police headquarters working through Interpol Liaison Officers, and district police headquarters on one platform, and more than 1,400 offices of state and central agencies are connected to it. As a result, material the CBI seeks now arrives in 10 to 20 days, and sometimes in 3 to 10 days, which helps extradition cases such as this one move faster. August 2023, July 2024 and March 2026 are wrong because the platform was neither announced nor opened in those months; only the January 2025 launch is on record in the government statement.

The correct answer is more than 34.6 million. The Vice-President placed that figure beside two others to show how women’s economic participation has grown: around 9.2 million Self-Help Groups, covering more than 100 million rural women, and more than 250 million Indians lifted out of extreme poverty. He argued that inclusion must go past enrolment in the formal economy and must let people create value, earn income and set up enterprises, describing the change as a move from women’s empowerment to women-led development. The other three options alter the count and so do not match what the address stated, which makes each of them wrong. Candidates should store this figure with the Self-Help Group numbers, since questions often pair them.