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Current Affairs Quiz

Banking Current Affairs Quiz: 21 October 2026

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

This Banking current affairs quiz puts 24 multiple-choice questions to you from 7 stories published on 21 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

24 questions with answers and explanations

Q2.Awards & HonoursMedium

SUVIKALP, the mine repurposing tool honoured with the SKOCH Gold Award 2026, has been developed by which body?

  1. A.Coal India Limited
  2. B.Coal Controller Organisation
  3. C.NITI Aayog
  4. D.Central Pollution Control Board
Show answer
Correct answer: B. Coal Controller Organisation

The CCO, which functions under the Ministry of Coal, developed SUVIKALP as an in-house Mine Repurposing Tool to help stakeholders select suitable projects for land left behind after mining, and it is the CCO that has been recognised with the SKOCH Gold Award 2026 in the category Digital Operational Efficiency…

Q4.DefenceEasy

With which company did the Ministry of Defence sign the contract for Improved Low Level Light Weight Radars?

  1. A.Hindustan Aeronautics Limited
  2. B.Bharat Electronics Limited
  3. C.Bharat Dynamics Limited
  4. D.Bharat Earth Movers Limited
Show answer
Correct answer: B. Bharat Electronics Limited

The Ministry of Defence signed the contract with BEL to procure the Improved Low Level Light Weight Radar for the Indian Army at a cost of about Rs 770 crore, in the presence of the Defence Secretary in New Delhi.

Q5.ObituariesEasy

Thiru Vummidi Ethiraj, whose death was mourned by the Prime Minister, is remembered for crafting which object?

  1. A.The Ashoka Pillar replica
  2. B.The Sengol
  3. C.The Amrit Kalash
  4. D.The Rashtrapati Bhavan mace
Show answer
Correct answer: B. The Sengol

The Prime Minister said that Thiru Vummidi Ethiraj would always be remembered for his effort in crafting the historic sceptre that was presented to former Prime Minister Jawaharlal Nehru, and that in 2023 the government had the honour of giving it a place of pride in the new Parliament building.

Q8.Government SchemesMedium

SARAS Melas are organised under which of the following missions?

  1. A.Pradhan Mantri Awas Yojana - Gramin
  2. B.Deendayal Antyodaya Yojana - National Rural Livelihoods Mission
  3. C.Mahatma Gandhi National Rural Employment Guarantee Scheme
  4. D.Deen Dayal Upadhyaya Grameen Kaushalya Yojana
Show answer
Correct answer: B. Deendayal Antyodaya Yojana - National Rural Livelihoods Mission

SARAS Melas are organised by the government under this mission, which is its flagship programme for cutting rural poverty and building women’s economic strength.

Q9.Awards & HonoursMedium

In which category was SUVIKALP given the SKOCH Gold Award 2026?

  1. A.Digital Operational Efficiency - Data Driven Decision Making
  2. B.Environment and Climate Action
  3. C.Corporate Social Responsibility
  4. D.Skill Development and Livelihoods
Show answer
Correct answer: A. Digital Operational Efficiency - Data Driven Decision Making

SUVIKALP received the SKOCH Gold Award 2026 under this category on 26 September 2026, and the choice of category fits the tool, which ranks mine repurposing options through a structured, data-driven process that weighs technical, environmental, social and economic criteria.

Q14.Summits & ConferencesMedium

What is the theme of the 14th India Chem 2026?

  1. A.Chemicals for a Green Tomorrow
  2. B.Make in India, Make for the World
  3. C.Advantage Bharat: An Emerging Global Chemicals Hub
  4. D.Sustainable Petrochemicals for Viksit Bharat
Show answer
Correct answer: C. Advantage Bharat: An Emerging Global Chemicals Hub

Under this theme the three-day event at the Bombay Exhibition Centre, NESCO, in Mumbai will display the country's industrial capabilities, investment opportunities and emerging technologies, and position India as a global manufacturing and sourcing destination.

Q15.Government SchemesMedium

What is the enhanced target for Lakhpati Didis announced by the government in February 2026?

  1. A.Two crore
  2. B.Three crore
  3. C.Six crore
  4. D.Ten crore
Show answer
Correct answer: C. Six crore

The Lakhpati Didi initiative under DAY-NRLM moved up in stages, and in February 2026 the government announced a raised target of six crore Lakhpati Didis, a phase that puts weight on holding on to income gains and helping enterprises grow rather than only counting members.

Q16.Awards & HonoursHard

What is the full form of PRISM, the model used after a mine repurposing project is selected?

  1. A.Post-Mining Repurposing Implementation Strategy Model
  2. B.Progressive Reclamation and Integrated Site Management
  3. C.Planned Rehabilitation of Indian Surface Mines
  4. D.Public Resource Investment and Site Monitoring
Show answer
Correct answer: A. Post-Mining Repurposing Implementation Strategy Model

PRISM is the next step after SUVIKALP has helped identify a suitable project for land left over from mining.

Q17.Government SchemesMedium

Who is the Secretary of the Department of Agricultural Research and Education and Director General of ICAR, who addressed the Swachh Bharat Diwas programme at ICAR-IARI?

  1. A.Dr. Mangi Lal Jat
  2. B.Shivraj Singh Chouhan
  3. C.Dr. Trilochan Mohapatra
  4. D.Pralhad Joshi
Show answer
Correct answer: A. Dr. Mangi Lal Jat

Speaking at the Swachh Bharat Diwas programme of ICAR-IARI in New Delhi, he appreciated the cleanliness drive, asked for Swachhata to be treated as a year-round and team-based activity, and said a better workplace environment supports the well-being of employees as well as the advancement of science.

Q18.DefenceMedium

The procurement of the Improved Low Level Light Weight Radar has been linked to which national vision?

  1. A.Viksit Bharat @2047
  2. B.Mission Karmayogi
  3. C.Digital India 2030
  4. D.Smart Cities Mission
Show answer
Correct answer: A. Viksit Bharat @2047

The Ministry of Defence stated that the purchase aligns with the government's vision of a developed India and is a significant step towards indigenisation of air defence platforms, giving a boost to the domestic defence manufacturing ecosystem, including micro, small and medium enterprises, and helping build a resilient, self-reliant and…

Q20.EnvironmentHard

Which technology, introduced in India through Namami Gange, uses fixed artificial media and plant roots and has operational plants at Bhatpara and Prayagraj?

  1. A.Food Chain Reactor
  2. B.Johkasou
  3. C.Electrocoagulation
  4. D.Upflow Anaerobic Sludge Blanket
Show answer
Correct answer: A. Food Chain Reactor

This technology was brought to India through the programme and improves upon the activated sludge process and the sequential batch reactor by adding fixed artificial media and plant roots, which gives it a smaller footprint, lower power use and nutrient removal.

Q21.Summits & ConferencesMedium

India's chemical industry is projected to reach which size by 2030?

  1. A.USD 150 billion
  2. B.USD 300 billion
  3. C.USD 500 billion
  4. D.USD 850 billion
Show answer
Correct answer: B. USD 300 billion

The industry is projected to reach that size by 2030 and to grow to USD 1 trillion by 2040, supported by rising demand, export opportunities, a demographic dividend, relatively low per capita consumption and enabling government initiatives.

Q22.Government SchemesHard

Consider the following statements about the SARAS Mela platform and select the correct option.

  • 1. The first National SARAS Mela was organised in Delhi in 1999 with about 65 beneficiaries.
  • 2. A total of 117 National SARAS Melas have been held so far, with annual sales of more than Rs 200 crore.

  1. A.Only 1 is correct
  2. B.Only 2 is correct
  3. C.Both 1 and 2 are correct
  4. D.Neither 1 nor 2 is correct
Show answer
Correct answer: C. Both 1 and 2 are correct

The SARAS journey opened in 1999, when the first National SARAS Mela was organised in Delhi with roughly 65 beneficiaries, so the first statement holds.

Q24.Government SchemesMedium

Under which theme did ICAR-IARI, New Delhi, observe Swachh Bharat Diwas during the campaign?

  1. A.Swachhata Hi Seva
  2. B.Swachhta Mein Sahbhag - Swachh Bharat, Viksit Bharat
  3. C.Ek Ped Maa Ke Naam
  4. D.Waste to Wealth, Waste to Art
Show answer
Correct answer: B. Swachhta Mein Sahbhag - Swachh Bharat, Viksit Bharat

ICAR-IARI in New Delhi observed Swachh Bharat Diwas on 2 October 2026 on this theme, with a series of cleanliness activities across the institute and a call for sustained participation in keeping the campus clean and healthy.

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