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Current Affairs Quiz

NABARD Current Affairs Quiz: 30 September 2026

  • 11 questions
  • 11 minutes
  • Difficulty: Medium
Useful for:NABARD

About this quiz

This NABARD current affairs quiz puts 11 multiple-choice questions to you from 3 stories published on 30 September 2026 that matter for the NABARD general awareness section. The questions are the same verified MCQs that accompany GK24's articles, chosen here for their relevance to NABARD, 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

11 questions with answers and explanations

Q1.Government SchemesEasy

What is the total value of procurement approved under the Price Support Scheme for kharif marketing season 2026-27?

  1. A.Rs 3,992.57 crore
  2. B.Rs 5,547.99 crore
  3. C.Rs 6,547.99 crore
  4. D.Rs 1,107 crore
Show answer

Correct answer: B. Rs 5,547.99 crore

Explanation

The correct answer is Rs 5,547.99 crore. This is the full amount sanctioned for buying pulses and oilseeds at minimum support price in Uttar Pradesh, Karnataka and Telangana together for the kharif marketing season of 2026-27. Option A, Rs 3,992.57 crore, is only the share set aside for Uttar Pradesh; it is the largest of the three state shares, which makes it a tempting but partial answer. Option D, Rs 1,107 crore, is likewise only the Karnataka share, covering soybean, moong and sunflower in that state. Option C is simply a higher figure with no basis in the approval. Adding the three state shares of Rs 3,992.57 crore, Rs 1,107 crore and Rs 448.42 crore gives the sanctioned total, so only option B names the whole approval rather than a part of it.

Q2.EconomyEasy

Which rabi crop received the largest absolute increase in minimum support price for marketing season 2027-28?

  1. A.Wheat
  2. B.Gram
  3. C.Safflower
  4. D.Barley
Show answer

Correct answer: C. Safflower

Explanation

The correct answer is safflower. For marketing season 2027-28 the floor price of safflower was raised by Rs 675 a quintal, the biggest rupee increase among the six mandated rabi crops. Rapeseed and mustard came second with a rise of Rs 413 a quintal. Option A, wheat, is wrong because wheat recorded the smallest increase of the lot, only Rs 25 a quintal, even though it enjoys the widest margin over its cost of production at 106 per cent. Option B, gram, is wrong because gram rose by Rs 83 a quintal, far below safflower. Option D, barley, is wrong because barley gained Rs 136 a quintal, again well short of the safflower figure. Lentil, also called masur, gained Rs 390 a quintal and stood third in the order of absolute increases.

Q3.Banking & FinanceEasy

The Bankers' Books Evidence Act, 2026 replaces which earlier law?

  1. A.The Bankers' Books Evidence Act, 1891
  2. B.The Indian Evidence Act, 1872
  3. C.The Banking Regulation Act, 1949
  4. D.The Negotiable Instruments Act, 1881
Show answer

Correct answer: A. The Bankers' Books Evidence Act, 1891

Explanation

The correct answer is the Bankers' Books Evidence Act, 1891. The new Act carries the same name with the new year and takes the place of the colonial-era statute, which was framed at a time when banking systems were entirely paper-based. Option B is wrong because the Indian Evidence Act is a general law of evidence and is not the statute being replaced here. Option C is wrong because the Banking Regulation Act governs the regulation of banking companies rather than the admissibility of their records as evidence. Option D is wrong because the Negotiable Instruments Act deals with cheques, bills of exchange and promissory notes. Candidates should pair the two years in memory, the old law of 1891 and the new one of 2026, since questions are usually framed on that replacement.

Q4.Government SchemesMedium

Which state received the largest share of the kharif 2026-27 procurement sanction?

  1. A.Karnataka
  2. B.Telangana
  3. C.Uttar Pradesh
  4. D.Madhya Pradesh
Show answer

Correct answer: C. Uttar Pradesh

Explanation

The correct answer is Uttar Pradesh. It was allotted Rs 3,992.57 crore of the sanction, the largest of the three state shares, almost all of it for tur: 4,66,000 metric tonnes worth Rs 3,937.70 crore, along with 6,250 metric tonnes of moong worth Rs 54.87 crore. Option A, Karnataka, stands second with Rs 1,107 crore, spread across soybean, moong and sunflower, so it is covered by the approval but is not the largest. Option B, Telangana, is third with Rs 448.42 crore for soybean and moong. Option D, Madhya Pradesh, is a large producer of pulses and oilseeds and therefore a plausible guess, but it is not among the three states named in this particular sanction. Only Uttar Pradesh, Karnataka and Telangana are covered.

Q5.EconomyMedium

Which crop enjoys the widest margin over the all-India weighted average cost of production under the rabi MSP for 2027-28?

  1. A.Wheat
  2. B.Safflower
  3. C.Lentil (masur)
  4. D.Gram
Show answer

Correct answer: A. Wheat

Explanation

The correct answer is wheat. The expected return over the all-India weighted average cost of production works out to 106 per cent for wheat, the highest among the six mandated rabi crops of the season. Option B, safflower, is wrong because safflower sits at the bottom of this list with a margin of 50 per cent, even though it drew the largest absolute rise in rupee terms. Option C, lentil or masur, is wrong because its margin is 92 per cent, below that of wheat and also below rapeseed and mustard at 96 per cent. Option D, gram, is wrong because gram carries a margin of 59 per cent, only a little above barley at 58 per cent. The margin is measured against a cost that includes hired labour, rent on leased land, seed, fertiliser, irrigation charges, depreciation, interest on working capital and the imputed value of family labour.

Q6.Banking & FinanceMedium

From which date does the Bankers' Books Evidence Act, 2026 come into force?

  1. A.1 April 2026
  2. B.1 October 2026
  3. C.1 January 2027
  4. D.15 August 2026
Show answer

Correct answer: B. 1 October 2026

Explanation

The correct answer is 1 October 2026. The backgrounder states plainly that the Act comes into force on that date and replaces the older law of the same name from then. Option A, the first day of the financial year, is the standard distractor for any commencement question and is wrong here. Option C moves the date into the next calendar year and is also wrong, as is option D, which uses a national date that has no connection with this statute. Commencement dates are among the most frequently asked details about a new law, so note both the date and the fact that the new framework applies from it to legal proceedings, arbitration and investigations where banking records are produced as evidence.

Q7.Government SchemesMedium

Which of these crops is NOT covered by the kharif 2026-27 Price Support Scheme sanction described above?

  1. A.Tur (arhar)
  2. B.Sunflower
  3. C.Paddy
  4. D.Soybean
Show answer

Correct answer: C. Paddy

Explanation

The correct answer is paddy. The sanction covers pulses and oilseeds only, and paddy is a cereal bought through a separate central pool arrangement rather than through the Price Support Scheme. Option A, tur or arhar, is very much covered: the single biggest item in the approval is tur in Uttar Pradesh. Option D, soybean, is covered twice over, in Karnataka and again in Telangana, and is the main oilseed in the sanction. Option B, sunflower, is covered in Karnataka alone, the smallest of the three Karnataka items. Moong is the fourth crop named and appears in all three states. So the odd one out is paddy, which is not part of this pulses-and-oilseeds approval at all, and a candidate who remembers that the scheme handles pulses, oilseeds and copra can rule it out at once.

Q8.EconomyMedium

The rule that minimum support price should be at least one and a half times the all-India weighted average cost of production was announced in which Union Budget?

  1. A.Union Budget 2014-15
  2. B.Union Budget 2018-19
  3. C.Union Budget 2020-21
  4. D.Union Budget 2022-23
Show answer

Correct answer: B. Union Budget 2018-19

Explanation

The correct answer is Union Budget 2018-19. The rabi price revision for marketing season 2027-28 was described as being in line with the announcement made in that Budget, which set the benchmark of fixing a floor price at no less than one and a half times the all-India weighted average cost of production. Options A, C and D name other Budget years and are wrong, because the one-and-a-half-times benchmark is tied only to the 2018-19 announcement and has been the reference point for every later revision of mandated crop prices. The cost used in the calculation is a paid-out cost with the imputed value of family labour added, covering hired human labour, bullock and machine labour, rent for leased land, seed, fertiliser and manure, irrigation charges, depreciation on implements and farm buildings, interest on working capital and fuel or power for pump sets.

Q9.Banking & FinanceHard

Under the new Act, when can a bank officer be required to appear as a witness or produce a banker's book?

  1. A.Whenever any party to a case asks for it
  2. B.Only under a written order of the court recording a special cause
  3. C.Only with the prior approval of the Reserve Bank
  4. D.Only if the bank is a party to the proceeding
Show answer

Correct answer: B. Only under a written order of the court recording a special cause

Explanation

The correct answer is only under a written order of the court recording a special cause. The Act allows the contents of a banker's book to be proved by a certified copy without producing the original, so an officer is not ordinarily compelled to appear, and it protects officers from routine appearance where the bank is not a party. The Act then lists what counts as special cause: uncertainty about the accuracy or authenticity of an entry, an interruption in the regularity of record keeping, or the bank's failure to comply with an earlier court order on inspection or production. Option A ignores that protection entirely. Option C brings in an approval that the Act does not require. Option D states a circumstance rather than the legal test, so it too is wrong.

Q10.EconomyHard

How much wheat was procured at the minimum support price between 2014-15 and 2025-26?

  1. A.2,254 lakh metric tonnes
  2. B.2,302 lakh metric tonnes
  3. C.3,715 lakh metric tonnes
  4. D.3,921 lakh metric tonnes
Show answer

Correct answer: C. 3,715 lakh metric tonnes

Explanation

The correct answer is 3,715 lakh metric tonnes. Wheat bought at the floor price over the years from 2014-15 to 2025-26 added up to that quantity. Option A, 2,254 lakh metric tonnes, is the wheat figure for the earlier stretch from 2004-05 to 2013-14 and so is wrong for the period asked about. Option B, 2,302 lakh metric tonnes, is wrong because it is the quantity of all six rabi crops taken together during that earlier stretch, not wheat alone. Option D, 3,921 lakh metric tonnes, is wrong for the same reason in reverse: it covers all six rabi crops from 2014-15 to 2025-26 rather than wheat by itself. Payments track the same pattern, with wheat growers receiving Rs 7.31 lakh crore in the later period against Rs 2.56 lakh crore in the earlier one.

Q11.Banking & FinanceHard

Investigations and inquiries under which code are expressly covered by the Bankers' Books Evidence Act, 2026?

  1. A.Bharatiya Nyaya Sanhita
  2. B.Bharatiya Sakshya Adhiniyam
  3. C.Bharatiya Nagarik Suraksha Sanhita, 2023
  4. D.Code of Civil Procedure, 1908
Show answer

Correct answer: C. Bharatiya Nagarik Suraksha Sanhita, 2023

Explanation

The correct answer is the Bharatiya Nagarik Suraksha Sanhita, 2023. The Act states that it will be used in any legal proceeding, in arbitration, and in any investigation or inquiry under that Sanhita or under any other law for the time being in force, wherever evidence is or may be taken. Option A names the criminal law code dealing with offences and punishments, which is not the one cited here. Option B names the law of evidence among the new criminal codes, and although it sounds close it is not the statute referred to in this provision. Option D names the civil procedure code, which the Act does not single out. Candidates should keep the three new criminal codes distinct, since they are frequently swapped in options.

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