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Current Affairs Quiz

Banking Current Affairs Quiz: 17 October 2026

  • 25 questions
  • 25 minutes
  • Difficulty: Medium
Useful for:Banking
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About this quiz

This Banking current affairs quiz puts 25 multiple-choice questions to you from 15 stories published on 17 October 2026 that matter for the Banking general awareness section. The questions are the same verified MCQs that accompany GK24's articles, chosen here for their relevance to Banking, and every one carries a full explanation of the correct option and of why the other options are wrong. Attempt the quiz within the timer, review the explanations at the end, and read the stories behind the questions on their articles or the day's edition page. Bookmark it for a quick revision before the exam.

Questions in this quiz

25 questions with answers and explanations

Q1.Banking & FinanceEasy

During the parliamentary debate on which law was an amendment moved to restrict dilution of the Government's shareholding in IDBI?

  1. A.IDBI (Repeal) Act, 2003
  2. B.Banking Regulation Act, 1949
  3. C.State Bank of India Act, 1955
  4. D.Reserve Bank of India Act, 1934
Show answer
Correct answer: A. IDBI (Repeal) Act, 2003

The Finance Ministry's clarification records that while the Union Budget of 2003 was being discussed and Parliament was debating this repeal legislation, an amendment was moved that sought to limit any reduction of the Government's holding in IDBI.

Q3.NationalEasy

Which two sugars does the FSSAI draft amendment propose to keep out of products meant for infants up to six months of age?

  1. A.Lactose and maltose
  2. B.Sucrose and fructose
  3. C.Glucose polymers and lactose
  4. D.Sorbitol and mannitol
Show answer
Correct answer: B. Sucrose and fructose

The draft Food Safety and Standards (Foods for Infant Nutrition) Amendment Regulations, 2026, which reached the Gazette of India on 16 October 2026, proposes that these two sugars not be added to any product intended for an infant up to the age of six months.

Q4.EnvironmentEasy

Who held the interaction with start-ups on affordable, scalable solutions for air pollution in Delhi-NCR on 17 October 2026?

  1. A.Shri Kirti Vardhan Singh
  2. B.Shri Bhupender Yadav
  3. C.Sardar Manjinder Singh Sirsa
  4. D.The Chairperson of CAQM
Show answer
Correct answer: B. Shri Bhupender Yadav

The correct answer is Shri Bhupender Yadav, the Union Minister for Environment, Forest and Climate Change, who met start-ups and innovation companies working on air pollution mitigation and himself put a set of problem statements covering nine key areas before them.

Q5.Science & TechnologyEasy

What size is India's space economy expected to reach over the next seven to eight years?

  1. A.USD 15-20 billion
  2. B.USD 40-45 billion
  3. C.USD 90-100 billion
  4. D.USD 5-9 billion
Show answer
Correct answer: B. USD 40-45 billion

Dr Jitendra Singh told the roundtable that the Indian space economy, valued at roughly USD 9 billion at present, is expected to climb to USD 40-45 billion over the next seven to eight years as private capital, assured demand and quicker regulatory clearances take hold.

Q6.Summits & ConferencesEasy

The first Stakeholder Consultation Meeting of the Climate Science into Services for India Forum was hosted by which institute?

  1. A.India Meteorological Department, New Delhi
  2. B.Indian Institute of Tropical Meteorology, Pune
  3. C.National Centre for Polar and Ocean Research, Goa
  4. D.Indian Institute of Space Science and Technology, Thiruvananthapuram
Show answer
Correct answer: B. Indian Institute of Tropical Meteorology, Pune

The correct answer is the Indian Institute of Tropical Meteorology, Pune, which organised the meeting on its own campus under the Ministry of Earth Sciences.

Q9.NationalEasy

The High Powered Enquiry Committee that has launched the portal hpec.nic.in was constituted by which authority?

  1. A.The Supreme Court of India
  2. B.The National Human Rights Commission
  3. C.The Delhi High Court
  4. D.The Election Commission of India
Show answer
Correct answer: A. The Supreme Court of India

The court set up the High Powered Enquiry Committee to enquire into all aspects of the incidents of violence at Jantar Mantar in Delhi and at places outside Delhi during July 2026, and the Committee has now opened a portal so that affected persons, including affected police personnel, can send…

Q12.EnvironmentMedium

Which officer led the CAQM team that reviewed paddy stubble management in Firozpur and Faridkot?

  1. A.Dr T. S. Panwar, Member (Technical)
  2. B.The Chairperson of CAQM
  3. C.The Deputy Commissioner of Moga
  4. D.The Chief Secretary of Punjab
Show answer
Correct answer: A. Dr T. S. Panwar, Member (Technical)

He headed the high level team that went to the two districts of Punjab to examine how the measures against paddy stubble burning are being carried out during the harvesting season.

Q15.NationalEasy

Which foundation day was marked by the All India Institute of Ayurveda, New Delhi, as KAUMARACON 2026 concluded?

  1. A.5th Foundation Day
  2. B.10th Foundation Day
  3. C.15th Foundation Day
  4. D.25th Foundation Day
Show answer
Correct answer: B. 10th Foundation Day

The All India Institute of Ayurveda in New Delhi celebrated ten years of work in Ayurveda teaching, research, clinical care and international collaboration, and the day fell on the concluding day of KAUMARACON 2026, the three-day international conference on Kaumarabhritya organised by the institute.

Q16.Banking & FinanceMedium

Which court decided All India IDBI Officers' Association versus Union of India and Others, dismissing the challenge to dilution of the Government's stake?

  1. A.Supreme Court of India
  2. B.Delhi High Court
  3. C.Bombay High Court
  4. D.National Company Law Tribunal
Show answer
Correct answer: B. Delhi High Court

According to the clarification, the association of IDBI officers took the shareholding question to the Delhi High Court, which decided the case on 17 December 2018 and dismissed the writ petition.

Q18.NationalMedium

The FSSAI draft amendment of 2026 modifies which parent regulations on foods for infant nutrition?

  1. A.Foods for Infant Nutrition Regulations, 2011
  2. B.Foods for Infant Nutrition Regulations, 2016
  3. C.Foods for Infant Nutrition Regulations, 2020
  4. D.Foods for Infant Nutrition Regulations, 2024
Show answer
Correct answer: C. Foods for Infant Nutrition Regulations, 2020

These are the parent rules that the new draft, styled the Amendment Regulations of 2026, sets out to edit.

Q19.EnvironmentMedium

Under which campaign theme was the Environment Ministry's interaction with air-pollution start-ups held?

  1. A.Saaf Hawa mein Hissedaari, Hum Sabhi ki hai Zimmedaari
  2. B.Swachh Vayu, Swasth Jeevan
  3. C.Mera Shehar, Meri Hawa
  4. D.Hawa Badlo, Desh Badlo
Show answer
Correct answer: A. Saaf Hawa mein Hissedaari, Hum Sabhi ki hai Zimmedaari

The interaction of 17 October 2026 between the Union Environment Minister and start-ups was one of a series of stakeholder engagements carried out under that campaign theme, which places a share of the responsibility for clean air on every citizen.

Q20.Science & TechnologyMedium

In which period was India's space sector opened to private participation, as recalled by the Minister?

  1. A.2014-2015
  2. B.2016-2017
  3. C.2019-2020
  4. D.2022-2023
Show answer
Correct answer: C. 2019-2020

The Minister said the space sector was thrown open to private participation in 2019-2020 and that the five to six years since have already produced significant results, which is why the focus has shifted to building globally competitive commercial companies.

Q21.Summits & ConferencesMedium

IITM, Pune, which hosted the consultation, functions under which Union ministry?

  1. A.Ministry of Environment, Forest and Climate Change
  2. B.Ministry of Science and Technology
  3. C.Ministry of Earth Sciences
  4. D.Ministry of Jal Shakti
Show answer
Correct answer: C. Ministry of Earth Sciences

The correct answer is the Ministry of Earth Sciences, under which the Indian Institute of Tropical Meteorology works and which was named as the parent body in the announcement of the consultation.

Q22.NationalEasy

Which authority has notified the draft amendment on pesticide residue limits in tea?

  1. A.Tea Board of India
  2. B.Food Safety and Standards Authority of India
  3. C.Central Insecticides Board and Registration Committee
  4. D.Indian Council of Agricultural Research
Show answer
Correct answer: B. Food Safety and Standards Authority of India

The correct answer is the Food Safety and Standards Authority of India, the regulator under the Ministry of Health and Family Welfare that sets food standards and notified this draft amendment to the regulations on contaminants, toxins and residues.

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