NABARD Weekly Current Affairs Quiz: 31 August – 6 September 2026

The correct answer is the 9th Foundation Day, observed as IPPB Day 2026. The arithmetic is easy to hold if the launch date is remembered: India Post Payments Bank was launched on 1 September 2018, so the same date in 2026 completes nine years of working. The release itself says the bank has emerged over the past nine years as an important platform connecting citizens with banking, digital payments and government benefits. The other options are near misses of the kind a paper setter likes, and each is wrong only by a year or two, so the safer method is to anchor the launch year and count forward rather than to memorise the ordinal alone. Note also that the bank is set up under the Department of Posts in the Ministry of Communications, with the whole of its equity held by the Government of India.

The correct answer is 100 districts. The scheme was designed to speed up agricultural development in districts identified on three counts: low agricultural productivity, low cropping intensity and low disbursement of agricultural credit. Every one of these districts has uploaded a District Action Plan, received feedback on it and filed data against output indicators up to July 2026, so the count of 100 recurs through the whole review. Option D is the trap most likely to catch an unprepared candidate, because 121 is also a real number in this scheme, but it counts indicators rather than districts: 121 indicators in all, made up of 74 output indicators and 47 outcome indicators. Options A and C are district counts associated with other government programmes and do not appear in this release. Fix the pair in memory: 100 districts, 121 indicators.

The correct answer is USD 54.02 billion. That is the figure twenty IFSC Banking Units had sanctioned under the Reserve Bank's special swap facility for FCNR(B) deposits as on 31 August 2026, and about USD 52.82 billion of it had already been disbursed. Options A and B are real numbers from the same release but from earlier dates in the same month: sanctions stood at USD 28.60 billion on 14 August and USD 37.26 billion on 21 August. The question is a test of whether the candidate tracks the date attached to each figure, because the amount nearly doubled inside a fortnight. Option D does not appear in the release at all. A useful way to hold the story together is the pair of figures that bracket it: USD 54.02 billion sanctioned and USD 52.82 billion disbursed, the small gap between them being the part not yet drawn down.

The correct answer is the National Cooperative Development Corporation. The backgrounder names it as the implementing agency, supported by coordination at the national, state and district levels through an Inter-Ministerial Committee, a National Level Coordination Committee, and State and District Cooperative Development Committees. The other three options all appear in the same document with different roles, which is what makes them good distractors. The Food Corporation of India has been authorised to provide assured hiring of eligible godowns created under the Plan. NABARD is the subsidy-channelizing agency under the Agricultural Marketing Infrastructure scheme and provides a special refinance facility. The Warehousing Development and Regulatory Authority supplies the norms that storage structures must comply with. Candidates should learn the role attached to each name, since questions are set both ways round.

The correct answer is the DakPay Sound Box. The release describes it as a launch for merchants, designed to simplify and strengthen the acceptance of everyday digital payments at their end. The other three options are real products of the bank, which is what makes this question worth attempting carefully. The Digital Mutual Fund Platform and the Digital Insurance Technology Platform were indeed launched on the same Foundation Day, but both are meant for customers rather than merchants: one opens a digital route to investment, the other connects customers to life, health and general insurance. The Surakshit Savings Account belongs to an earlier set of three account variants rolled out during the year, along with the SHG Savings Account and the Sampoorna Savings Account, and it carries cyber insurance of ₹25,000 against phishing, spoofing and SIM jacking.

The correct answer is 38.85. The average score of the 100 districts across the six objectives of the scheme stood at 22.54 in April 2026 and reached 38.85 in July 2026. The other options are all genuine figures from the same review, and telling them apart is the whole skill being tested. Option A is the starting point in April rather than the level reached in July. Option B is the size of the improvement, that is the difference of 16.31 points between the two readings, so a candidate who confuses a change with a level will pick it. Option D is the July score of a single objective, governance and service delivery, which was the highest scoring of the six and had risen from 7.94. For revision, hold the three numbers as a sentence: from 22.54 to 38.85, a gain of 16.31 points.

The correct answer is the IFSCA Act, 2019. The release describes IFSCA as the unified regulatory authority set up by the Government of India under an Act of Parliament for the development and regulation of financial products, financial services and financial institutions in India's International Financial Services Centres. Its Chairperson is K. Rajaraman. Option A, the SEBI Act, created the securities market regulator and is not the statute behind IFSCA, although securities business inside an IFSC does fall within IFSCA's remit. Option C, the Banking Regulation Act, governs banking companies in the domestic market and is administered with the Reserve Bank of India. Option D, the Foreign Exchange Management Act, deals with foreign exchange transactions generally. Only the IFSCA Act is the founding law, and its year, 2019, is the detail most often asked.

The correct answer is 313. The backgrounder reports that as of July 2026 godown construction had been completed in that many PACS across the country, creating more than 1.80 lakh metric tonnes of storage capacity. Option D is the trap most candidates fall into, because 1012 is also a July 2026 figure, but it counts the PACS or cooperative societies identified under the Plan, not those where construction was finished. Option A belongs to the pilot phase, in which godowns were completed in 11 PACS across 11 states with 9,750 MT of capacity, the pilot being rolled out on 31 May 2023. Option C is invented. The distinction between identified and completed is exactly the sort of thing an examiner tests, so keep the three figures in order: 11 in the pilot, 1012 identified, 313 completed.

The correct answer is 13.25 crore. The release gives this as the pan-India customer base as on 31 March 2026, and adds two shares worth remembering: 77 per cent of these customers are in rural areas and 49 per cent are women. Their deposits with the bank stood at ₹29,104 crore. Every wrong option here is another genuine figure from the same list, which is exactly the trap. The 6.5 crore in option A is the number of direct benefit transfer beneficiaries who received about ₹1.55 lakh crore. The 9.47 crore in option B counts Aadhaar mobile updates done by the bank, alongside 1.35 crore Bal Aadhaar enrolments. The 12.06 crore in option C counts Aadhaar enabled payment system transactions, through which ₹36,140 crore was disbursed. Read the label before the number in such tables.

The correct answer is 36 schemes of 11 ministries and departments, working along with state schemes and participation from the private sector. Option A simply swaps the two numbers, and that swap is the commonest error in the examination hall, so read the order carefully: the smaller number belongs to the ministries and the larger to the schemes. Options C and D reuse the indicator counts. There are 47 outcome indicators and 74 output indicators, which together make the 121 indicators fixed across the 36 schemes for monitoring against annual targets, and neither 47 nor 74 counts schemes. One more thread of convergence appears in the review: the Department of Public Enterprises has allowed central public sector enterprises to adopt PM-DDKY districts for corporate social responsibility work in 2026-27 and 2027-28.

The correct answer is USD 11.12 billion. Indian banks raised that amount through bond listings on IFSC exchanges over the five months from April to August 2026. Option A, USD 9.17 billion, is the part of that total listed in July and August alone, so it is a subset rather than the whole. Option C, USD 11.62 billion, belongs to a different channel entirely: it is the value of External Commercial Borrowings disbursed by IBUs in the same period, with monthly flows rising from USD 1.54 billion in April to USD 3.54 billion in August. The two numbers are close enough that they are easily swapped, so pair each with its channel when revising. Option D appears nowhere in the release. Together the three channels, swap mobilisation, ECB financing and bond issuance, are what the release presents as evidence of a deepening international banking ecosystem at GIFT-IFSC.

The correct answer is 1 per cent. The Plan uses NABARD's special refinance facility to lighten the burden on participating cooperatives, and when that is combined with the 3 per cent interest subvention available under the Agriculture Infrastructure Fund, the effective loan interest rate for a PACS comes down to 1 per cent. Option B is the strongest distractor, since 3 per cent is the subvention itself rather than the rate the society finally pays. Options C and D do not appear in the document. Two related financial measures are worth remembering with this: the subsidy under the Agricultural Marketing Infrastructure scheme was raised from 25 per cent to 33.33 per cent, and the margin money requirement was reduced to 10 per cent, while cost norms for godown construction were revised. Together these steps were taken to improve the viability of storage projects and draw more societies in.

The correct answer is the Ministry of Communications. India Post Payments Bank has been established under the Department of Posts, which sits in that ministry, and the entire equity of the bank is owned by the Government of India. This is a point aspirants often get wrong, because a bank feels as though it should belong to the Ministry of Finance, and option A is placed there for that reason. The postal link is the whole design of the institution: its reach rests on about 1,65,000 post offices, of which roughly 1,40,000 are in rural areas, and around 3,00,000 postal employees, so the doorstep model works through postal staff rather than branches. Its services are built on India Stack, delivered through a smartphone linked to the core banking system with a biometric device, and offered in 13 languages across 5.57 lakh villages and towns.

The correct answer is 11 October 2025, the day the Prime Minister formally launched the scheme. Option A is the date on which the Union Cabinet approved it, and the gap between approval and launch is exactly what this question tests; an aspirant should keep both, because either can be asked. Option C is the date the Financial Progress Module of the scheme's dashboard was implemented, with a Beneficiary Progress Module targeted for the middle of September 2026. Option D is the date of this review meeting held by the Union Agriculture Minister at Krishi Bhawan in New Delhi. Two further dates complete the timeline: the dashboard was activated in the last week of October 2025, monthly output-indicator rankings began in November 2025, and the scheme completes its first year in October 2026.

The correct answer is K. Rajaraman. He is quoted in the release saying that the rapid scale-up of banking activity at GIFT-IFSC shows the depth and growing international orientation of India's International Financial Services Centre, and that the centre is serving as an effective bridge between global pools of capital and India's financing needs. Option B names a former Governor of the Reserve Bank of India, an office quite separate from IFSCA, though the Reserve Bank is the body whose swap facility is being used here. Option C is not associated with IFSCA in this release. Option D names an official of a multilateral development bank and has nothing to do with the International Financial Services Centres Authority. For revision, tie the name to the institution and to the statute: K. Rajaraman, IFSCA, IFSCA Act, 2019.