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Current Affairs Quiz

RBI Current Affairs Quiz: 6 October 2026

  • 10 questions
  • 10 minutes
  • Difficulty: Medium
Useful for:RBI
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About this quiz

This RBI current affairs quiz puts 10 multiple-choice questions to you from 3 stories published on 6 October 2026 that matter for the RBI general awareness section. The questions are the same verified MCQs that accompany GK24's articles, chosen here for their relevance to RBI, 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

10 questions with answers and explanations

Q1.EconomyEasy

Who will chair the Steel Industry Safety Council announced by the Ministry of Steel?

  1. A.The Union Minister of Steel
  2. B.The Chairman of SAIL
  3. C.The Secretary, Ministry of Steel
  4. D.The Chairman of NMDC
Show answer

Correct answer: C. The Secretary, Ministry of Steel

Explanation

The correct answer is the Secretary, Ministry of Steel. The Steel Industry Safety Council is being created as an apex body for the whole steel industry, with the mandate of strengthening safety standards, preventing accidents and building a safety culture, and the Secretary of the ministry will head it. The technical work will fall to a separate Steel Industry Safety Directorate, which will conduct safety audits, investigate serious incidents and issue safety standards suited to Indian conditions, covering iron and steel producers as well as the mines of central public sector enterprises. Option A names the political head of the ministry, who has not been given this charge. Option B names the head of a single producer, which cannot preside over a body that oversees the entire industry. Option D names the mining company that commissioned the Nagarnar pellet plant, a different item in the same review.

Q2.Banking & FinanceEasy

Who chaired the review meeting on the progress of financial inclusion schemes with public and private sector banks?

  1. A.The Governor of the Reserve Bank of India
  2. B.The Secretary, Department of Financial Services
  3. C.The Union Finance Minister
  4. D.The Chairman of the State Bank of India
Show answer

Correct answer: B. The Secretary, Department of Financial Services

Explanation

The correct answer is the Secretary, Department of Financial Services, Sanjay Lohiya, who took the review in New Delhi with the heads of all public sector banks and the Executive Directors of major private sector banks, assisted by senior officers of his department. Option A is wrong because the central bank was not the convener of this particular review, which was held by the Department of Financial Services in the Ministry of Finance. Option C is wrong because the meeting was at the level of the Secretary and not of the Minister. Option D is wrong because the heads of banks were the participants at this review rather than its chair. Aspirants should remember that financial inclusion schemes such as Jan Dhan, Jansuraksha and Mudra are administered by this department.

Q3.Reports & IndicesMedium

What is the base year of the Index of Services Production being compiled by MoSPI?

  1. A.2011-12
  2. B.2017-18
  3. C.2022-23
  4. D.2024-25
Show answer

Correct answer: D. 2024-25

Explanation

The correct answer is 2024-25. The Ministry of Statistics and Programme Implementation began a monthly compilation of the Index of Services Production for the formal sector on a trial basis in July 2026, and that is the base year it adopted for the exercise. Options A and B name older base years of the kind used for other long-running statistical series, and they are wrong here because this index is new rather than a revision of an old one. Option C is wrong for the same reason, as no earlier base was carried forward into the services index. For the examination, pair the name of the index with its ministry, its base year and the fact that it is compiled monthly, since questions on new statistical products almost always turn on the base year.

Q4.EconomyMedium

NMDC has commissioned a 2 MTPA pellet plant at Nagarnar. In which state is Nagarnar located?

  1. A.Odisha
  2. B.Jharkhand
  3. C.Chhattisgarh
  4. D.West Bengal
Show answer

Correct answer: C. Chhattisgarh

Explanation

The correct answer is Chhattisgarh. The pellet plant of 2 MTPA capacity has been commissioned at Nagarnar in Chhattisgarh, and with it NMDC has completed an integrated project costing Rs 5,427 crore. The same project contains an iron ore processing plant at Bacheli and a slurry pipeline 135 km long with a throughput of 15 MTPA, while the pellet plant itself runs on Straight Grate Induration technology. Its purpose is to add value to the fines and slimes of Bailadila iron ore and to reduce the carriage of ore by road. Options A and B name two other states rich in minerals and steel capacity, but neither hosts this plant. Option D, West Bengal, is the state where SAIL and Bharat Coking Coal Limited agreed to jointly develop two coal blocks, so it belongs to a separate item in the same review.

Q5.Banking & FinanceMedium

What are the dates of the FI saturation campaign that banks were asked to join?

  1. A.1 October to 31 December 2026
  2. B.21 October to 31 December 2026
  3. C.21 October 2026 to 31 March 2027
  4. D.1 November to 31 December 2026
Show answer

Correct answer: B. 21 October to 31 December 2026

Explanation

The correct answer is 21 October to 31 December 2026. The Secretary of the Department of Financial Services urged banks to take part wholeheartedly in the saturation drive running between those two dates and to give greater thrust to serving the weaker sections of society and meeting their banking needs. Option A is wrong on the start date, which falls later in the month and not on the first. Option C stretches the campaign to the close of the financial year, which is not what was announced. Option D again moves the start to the following month. In the examination, campaigns of this kind are almost always tested on their exact opening and closing dates, so both ends of the window are worth writing down.

Q6.Reports & IndicesMedium

How many broad service sub-sectors does the present framework of the Index of Services Production track?

  1. A.12
  2. B.19
  3. C.24
  4. D.33
Show answer

Correct answer: B. 19

Explanation

The correct answer is 19. The initial framework of the index follows nineteen broad service sub-sectors, relying on high-frequency administrative data sources together with data on outward supplies filed under the goods and services tax, which between them account for close to sixty per cent of the gross value added of the services sector. The other three options are plausible-looking counts but none of them matches the framework described in the approach paper. Candidates should also note what the present index leaves out, namely the core tasks of government, non-market activity and services exempt from the goods and services tax, because the whole purpose of the new paper is to close exactly those gaps. It is also worth recalling that the monthly compilation for the formal sector began on a trial basis in July 2026, and that the base year was fixed at that point.

Q7.EconomyMedium

How many steel producers have been issued Green Steel Certificates in the lists issued up to September 2026?

  1. A.51
  2. B.101
  3. C.151
  4. D.201
Show answer

Correct answer: B. 101

Explanation

The correct answer is 101. Under the Green Steel Initiative of the Ministry of Steel, Green Steel Certificates have been issued to 101 distinct producers across the lists brought out up to September 2026. The certification spans TMT bars, hot rolled and cold rolled coils, plates, wire rods, pipes and other steel products, and a large majority of the certified products have earned a five star rating, which the ministry treats as a sign that lower emission steelmaking is spreading through the industry. The other three options are near figures of the kind a paper setter uses to check whether the exact number has been learnt. Aspirants should link this with the second green item in the same review, the Centre of Excellence for green hydrogen research that Jadavpur University is setting up with SAIL, DVC and HURL at a cost of Rs 8.18 crore.

Q8.Banking & FinanceMedium

New beneficiaries of PMJJBY and PMSBY are to be enrolled through which portal?

  1. A.Jan Dhan Darshak portal
  2. B.Udyam Registration portal
  3. C.Jan Suraksha portal
  4. D.PM SVANidhi portal
Show answer

Correct answer: C. Jan Suraksha portal

Explanation

The correct answer is the Jan Suraksha portal. Banks were directed to route every new enrolment under the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Pradhan Mantri Suraksha Bima Yojana through it, because the portal is being linked with all banks and insurers, which should improve the quality of data and the ease of day-to-day operation. Option A is wrong because that platform is about locating banking touchpoints rather than enrolling insurance beneficiaries. Option B is wrong because enterprise registration has nothing to do with these two insurance schemes. Option D is wrong because the street vendors credit scheme is a separate programme, though it too was reviewed at the same meeting along with Mudra, Stand Up India, PM Vishwakarma and the Kisan Credit Card.

Q9.Reports & IndicesMedium

Which three service areas does the approach paper propose to add to the Index of Services Production?

  1. A.Trade, hotels and transport
  2. B.Banking, insurance and real estate
  3. C.Education, human health and residential care, and public administration and defence
  4. D.Construction, mining and electricity
Show answer

Correct answer: C. Education, human health and residential care, and public administration and defence

Explanation

The correct answer is education, human health and residential care, and public administration and defence. These were left out of the first framework and together they make up nearly twenty-one per cent of the gross value added of services, so bringing them in would lift the coverage of the monthly index to about 78.4 per cent of the gross value added of the whole services sector. Options A and B name service activities that are already inside the existing framework, which draws on administrative and tax data for them. Option D is wrong because construction, mining and electricity are not services at all; the output of such activity is captured by the industrial production series instead of a services index.

Q10.EconomyMedium

SAIL has signed a memorandum of understanding for the joint development of two coal blocks in West Bengal with which company?

  1. A.Coal India Limited
  2. B.Bharat Coking Coal Limited
  3. C.NMDC Limited
  4. D.Damodar Valley Corporation
Show answer

Correct answer: B. Bharat Coking Coal Limited

Explanation

The correct answer is Bharat Coking Coal Limited. The agreement covers the joint development and operation of two blocks in West Bengal, the Indikatta Ramnagore coal block held by SAIL and the East of Damagoria or Kalyaneshwari block held by BCCL. Both are central public sector enterprises, and the tie up is meant to deepen cooperation between them and widen domestic sources of coking coal, which Indian steel plants otherwise import in large quantity. Option A names the parent coal producer, not the partner named in this memorandum. Option C names the iron ore miner that commissioned the pellet plant at Nagarnar in the same review, so it is a distractor drawn from a neighbouring item. Option D, Damodar Valley Corporation, does appear in the review, but in the green hydrogen Centre of Excellence with Jadavpur University, SAIL and HURL, not in this coal block agreement.

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