RBI Weekly Current Affairs Quiz: 21–27 September 2026

The United Forum of Bank Unions and some other unions in public sector banks, supported by Regional Rural Banks, raised two principal demands: a five-day working week for banks and withdrawal of the Performance Linked Incentive scheme.

Among the oils covered by this decision, crude sunflower oil is the only one whose Basic Customs Duty was taken all the way down to zero, from the earlier level of 10%.

The Finance Ministry, after consulting the Reserve Bank of India, settled on this gross market borrowing figure for the closing half of FY 2026-27, and the whole sum is to be raised through 23 weekly auctions of dated securities.

This is the total value of risk the pool is able to write, and it makes the pool the first domestic maritime insurance arrangement of that size in India.

India is the second largest shareholder of the Asian Infrastructure Investment Bank, and the Union Finance Minister attends the annual meeting of its Board of Governors as India's Governor to the bank in that capacity.

In its appeal of 21 September 2026, the Ministry of Finance recalled that the Government, in the interest of bank employees, declared the 2nd and 4th Saturdays of every month as holidays for public sector banks in 2015.

While cutting the duty on crude oils, the government also trimmed the duty on the matching refined oils, but it kept the distance between the two rates at this level rather than letting it shrink.

The gross borrowing of Rs 7,86,000 crore planned for the second half of FY 2026-27 will be completed through 23 weekly auctions of dated securities, with the paper spread over eight maturity buckets ranging from three years to fifty years.

The correct answer is the General Insurance Corporation of India, better known as GIC Re, which has taken charge as Pool Manager and Administrator and handles the pool's day-to-day running, its performance reporting and its operational systems.

The eleventh annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank is scheduled in Doha, the capital of Qatar, and the Union Finance Minister travels there on an official visit for it.

The Staff Welfare Fund is money that public sector banks set aside for the welfare of working and retired staff, covering health expenses, canteen subsidies, sports and cultural activities and educational help.

The reason it and not another ministry speaks here is that the stated purpose of the step is to moderate retail prices of cooking oil and to shield the household budget from imported inflation, which falls squarely within the consumer affairs and food distribution mandate.

Ways and Means Advances is the facility through which the Reserve Bank of India lets the Centre bridge short-lived mismatches between money received and money paid out, and for the second half of FY 2026-27 the ceiling on this facility has been set at Rs 50,000 crore.

Claims up to that level are met from the pool's accumulated reserves together with its reinsurance recoveries, and the government's guarantee is activated only once those reserves have been completely used up.

At the annual meeting of the AIIB Board of Governors the Union Minister for Finance and Corporate Affairs attends as India's Governor to the bank, and on this occasion she also leads a delegation of Ministry of Finance officials.

The advisory issued to the edible oil associations and other industry stakeholders asks them to bring both of these down in step with the lower landed cost, and to advise member firms to act without delay, so that the gain from the tariff cut is not retained in the supply…

India works 12 major ports and 217 non-major ports, so the total covers both categories together.