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Current Affairs Quiz

RBI Current Affairs Quiz: October 2026

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

This RBI current affairs quiz puts 50 multiple-choice questions to you from 50 stories published in 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

50 questions with answers and explanations

Q3.EconomyEasy

Which body is conducting the Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions?

  1. A.Reserve Bank of India
  2. B.National Statistics Office
  3. C.NITI Aayog
  4. D.Securities and Exchange Board of India
Show answer
Correct answer: B. National Statistics Office

The correct answer is the National Statistics Office, which works under the Ministry of Statistics and Programme Implementation and is running this round as CAPEX 2026, its third such exercise, between October and December.

Q7.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

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.

Q8.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

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.

Q10.EconomyEasy

Which four countries form the European Free Trade Association (EFTA), India's partner in the Trade and Economic Partnership Agreement (TEPA)?

  1. A.Austria, Denmark, Finland and Sweden
  2. B.Iceland, Liechtenstein, Norway and Switzerland
  3. C.Belgium, Luxembourg, Netherlands and Ireland
  4. D.Norway, Sweden, Denmark and Switzerland
Show answer
Correct answer: B. Iceland, Liechtenstein, Norway and Switzerland

These are the four member states of the European Free Trade Association, and leaders of all four were in New Delhi to mark the first year of the agreement with India.

Q12.EconomyMedium

According to Piyush Goyal, what were India’s exports last year and what is the target for the current year?

  1. A.USD 712 billion last year, USD 900 billion target
  2. B.USD 863 billion last year, USD 1 trillion target
  3. C.USD 925 billion last year, USD 1.2 trillion target
  4. D.USD 650 billion last year, USD 800 billion target
Show answer
Correct answer: B. USD 863 billion last year, USD 1 trillion target

The Commerce and Industry Minister gave both figures at the curtain raiser of the 31st CII Partnership Summit and pointed out that moving from one to the other means growth of close to 16 per cent, in a year when world trade is expected to grow only about 2.5 to…

Q13.Reports & IndicesEasy

Which organisation publishes the World Development Report, whose 2026 edition is subtitled "The Promise of Artificial Intelligence"?

  1. A.International Monetary Fund
  2. B.World Bank Group
  3. C.World Economic Forum
  4. D.United Nations Development Programme
Show answer
Correct answer: B. World Bank Group

The correct answer is the World Bank Group, which brings out the World Development Report every year; the latest edition carries the subtitle "The Promise of Artificial Intelligence" and was launched in India by Union Minister Ashwini Vaishnaw.

Q15.EconomyEasy

What is the base year used in the draft guideline for compiling Gross State Domestic Product estimates by the expenditure approach?

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

The National Statistics Office has prepared the draft guideline for compiling Gross State Domestic Product estimates from the expenditure side with 2022-23 as the base year, and the whole framework is described as working under the revised base year arrangement.

Q17.Summits & ConferencesEasy

What was the theme of the fifth Kautilya Economic Conclave?

  1. A.The Indian Era
  2. B.Resilience in an Age of Flux
  3. C.Navigating a World on Fire
  4. D.Seeking Prosperity in Turbulent Times
Show answer
Correct answer: B. Resilience in an Age of Flux

This was the theme chosen for the fifth edition of the Kautilya Economic Conclave, held across three days from 3 to 5 October 2026 in New Delhi by the Institute of Economic Growth together with the Union Ministry of Finance.

Q19.Reports & IndicesMedium

According to TRAI's performance indicator report, what was India's total telephone subscriber base at the end of June 2026?

  1. A.1,330.58 million
  2. B.1,300.25 million
  3. C.1,348.08 million
  4. D.1,114.17 million
Show answer
Correct answer: C. 1,348.08 million

The report for the quarter ending June 2026 records this as the total of wireless and wireline connections, a rise of 1.31 per cent over the previous quarter and of 10.65 per cent over the same quarter a year earlier.

Q20.InternationalEasy

Who is the President of Singapore, on whom the Union Finance Minister called during her October 2026 visit?

  1. A.Lawrence Wong
  2. B.Tharman Shanmugaratnam
  3. C.Gan Kim Yong
  4. D.Vivian Balakrishnan
Show answer
Correct answer: B. Tharman Shanmugaratnam

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman called on him during her visit from 8 to 11 October 2026 and also attended a luncheon he hosted along with the Managing Director of the International Monetary Fund.

Q21.Banking & FinanceEasy

The North East Bankers' Conclave 3.0 was inaugurated at which venue?

  1. A.Mizoram University, Aizawl
  2. B.Assam Administrative Staff College, Guwahati
  3. C.North Eastern Hill University, Shillong
  4. D.Rajiv Gandhi University, Itanagar
Show answer
Correct answer: A. Mizoram University, Aizawl

Union Minister for Development of North Eastern Region and Communications Jyotiraditya M. Scindia inaugurated the conclave there, with Mizoram Chief Minister Lalduhoma, State Minister Prof. Lalnilawma, MDoNER Secretary Srinivas Katikithala and NEC Secretary Satinder Kumar Bhalla present.

Q23.Banking & FinanceEasy

Where was the North East Bankers' Conclave 3.0 held?

  1. A.Mizoram University, Aizawl
  2. B.Gauhati University, Guwahati
  3. C.Tripura University, Agartala
  4. D.Rajiv Gandhi University, Itanagar
Show answer
Correct answer: A. Mizoram University, Aizawl

The third edition of the conclave was held there, and Dr Sukanta Majumdar, Union Minister of State for Development of North Eastern Region and for Education, addressed it on 13 October 2026, asking banks to widen their reach and lend more readily in the region.

Q26.Reports & IndicesEasy

The Data Centre Evaluation Framework has been released by which body?

  1. A.Frontier Tech Hub of NITI Aayog
  2. B.Telecom Regulatory Authority of India
  3. C.Central Electricity Authority
  4. D.Bureau of Energy Efficiency
Show answer
Correct answer: A. Frontier Tech Hub of NITI Aayog

The document was drafted with inputs from industry, the Ministry of Electronics and Information Technology, the Ministry of Power and the Department for Promotion of Industry and Internal Trade.

Q29.Reports & IndicesEasy

The PAIMANA Performance Monitoring Dashboard is released by which ministry?

  1. A.Ministry of Road Transport and Highways
  2. B.Ministry of Statistics and Programme Implementation
  3. C.Ministry of Ports, Shipping and Waterways
  4. D.NITI Aayog
Show answer
Correct answer: B. Ministry of Statistics and Programme Implementation

PAIMANA, which expands to Project Assessment, Infrastructure Monitoring and Analytics for Nation-building, is that ministry's dashboard for tracking the performance of infrastructure sub-sectors through a standard set of indicators, and it is updated every quarter.

Q30.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.

Q32.Banking & FinanceEasy

The saturation campaign of financial inclusion schemes announced by the Ministry of Finance will run during which period?

  1. A.2 October 2026 to 31 October 2026
  2. B.21 October 2026 to 31 December 2026
  3. C.1 November 2026 to 31 March 2027
  4. D.21 October 2026 to 26 January 2027
Show answer
Correct answer: B. 21 October 2026 to 31 December 2026

The Department of Financial Services fixed this window for the countrywide drive, which reaches every gram panchayat and urban local body and asks banks to hold camps through the period.

Q34.InternationalMedium

Which Indian body signed the Memorandum of Cooperation on electronic origin data exchange with the New Zealand Customs Service?

  1. A.Directorate General of Foreign Trade
  2. B.Central Board of Indirect Taxes and Customs
  3. C.NITI Aayog
  4. D.Reserve Bank of India
Show answer
Correct answer: B. Central Board of Indirect Taxes and Customs

The memorandum concerning the electronic exchange of origin data on trade in goods was signed by the CBIC on behalf of India and by the New Zealand Customs Service on the other side, with CBIC Chairman Vivek Chaturvedi and NZCS Comptroller and Chief Executive Christine Stevenson putting their names to…

Q35.Reports & IndicesEasy

Which body conducts the Periodic Labour Force Survey in India?

  1. A.The Reserve Bank of India
  2. B.The National Statistics Office under the Ministry of Statistics and Programme Implementation
  3. C.NITI Aayog
  4. D.The Ministry of Labour and Employment
Show answer
Correct answer: B. The National Statistics Office under the Ministry of Statistics and Programme Implementation

That office has been conducting the Periodic Labour Force Survey since 2017, and the survey has steadily widened to meet the demand for labour market statistics that arrive sooner and can be broken down further.

Q38.EconomyEasy

What is the engineering goods export target set for 2030 at the Chintan Shivir held by the Department of Commerce and EEPC India?

  1. A.US$150 billion
  2. B.US$250 billion
  3. C.US$400 billion
  4. D.US$1 trillion
Show answer
Correct answer: B. US$250 billion

The Chintan Shivir for the engineering sector was convened by the Department of Commerce along with EEPC India to chart a strategy for total engineering goods exports of US$250 billion by 2030, together with deeper market access through free trade agreements and the long-term availability of key raw materials.

Q39.EconomyEasy

Who chaired the 30th meeting of the Financial Stability and Development Council held on 23 October 2026?

  1. A.The Governor of the Reserve Bank of India
  2. B.The Union Finance Minister
  3. C.The Chairperson of SEBI
  4. D.The Chief Economic Adviser
Show answer
Correct answer: B. The Union Finance Minister

Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, chaired the 30th meeting of the FSDC in New Delhi, which fits the Council's design: the Finance Minister heads it and the heads of the financial sector regulators sit on it.

Q40.EconomyEasy

Sagarmala Finance Corporation Limited (SMFCL) is described as India’s first dedicated Non Banking Financial Company in which sector?

  1. A.Railways
  2. B.Maritime
  3. C.Civil aviation
  4. D.Renewable energy
Show answer
Correct answer: B. Maritime

Inaugurating the corporate office of SMFCL in New Delhi, the Union Minister of Ports, Shipping and Waterways described the company as India's first dedicated Non Banking Financial Company in the maritime sector, set up to mobilise long term finance for port-led development, shipbuilding and coastal connectivity.

Q41.Banking & FinanceEasy

Which two Reserve Bank of India facilities were inaugurated at Bhubaneswar on 25 October 2026?

  1. A.A currency printing press and a note sorting centre
  2. B.A data centre and a cyber security training institute
  3. C.A regional office and a banking ombudsman office
  4. D.A coin museum and a financial literacy centre
Show answer
Correct answer: B. A data centre and a cyber security training institute

The Prime Minister inaugurated exactly these two units of the Reserve Bank of India at Bhubaneswar, the capital of Odisha, and called the occasion an important one for the state and for the country.

Q42.Reports & IndicesMedium

ASUSE 2027-28 is proposed to be conducted over which period?

  1. A.January 2027 to December 2027
  2. B.April 2027 to March 2028
  3. C.July 2027 to June 2028
  4. D.October 2027 to September 2028
Show answer
Correct answer: B. April 2027 to March 2028

The Ministry of Statistics and Programme Implementation has proposed moving the Annual Survey of Unincorporated Sector Enterprises from the calendar-year cycle it has followed so far to the financial year, so that its reference period matches that of other enterprise surveys such as the Annual Survey of Industries and the…

Q44.Reports & IndicesEasy

Which ministry releases the Index of Services Production?

  1. A.Ministry of Commerce and Industry
  2. B.Ministry of Finance
  3. C.Ministry of Statistics and Programme Implementation
  4. D.Reserve Bank of India
Show answer
Correct answer: C. Ministry of Statistics and Programme Implementation

MoSPI compiles and publishes the Index of Services Production, and it released the figures for August 2026 covering 19 broad sub-sectors on the base year 2024-25.

Q46.Banking & FinanceMedium

Which body was empowered by the Cabinet Committee on Economic Affairs to decide procedural issues and allow deviations in strategic disinvestment, and so fixed the best offer round for IDBI Bank?

  1. A.The Securities and Exchange Board of India
  2. B.The Core Group of Secretaries on Disinvestment
  3. C.The Reserve Bank of India
  4. D.The Department of Financial Services
Show answer
Correct answer: B. The Core Group of Secretaries on Disinvestment

The Finance Ministry's clarification explains that DIPAM has no internal procedure for the situation in which the highest financial bid comes in below the reserve price, and that the Cabinet Committee on Economic Affairs, in its meeting of 16 August 2017, approved a note on the procedure and mechanism for…

Q48.Banking & FinanceEasy

Who has been appointed Chairman of the High Level Committee on Banking for Viksit Bharat?

  1. A.Shirish Chandra Murmu
  2. B.Suresh N. Patel
  3. C.Padmaja Chunduru
  4. D.N. S. Vishwanathan
Show answer
Correct answer: B. Suresh N. Patel

He is a former Central Vigilance Commissioner, and the Government has named him Chairman of the newly constituted High Level Committee on Banking for Viksit Bharat, the panel that will recommend structural, institutional, regulatory and legislative reform of the banking sector.

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