RBI Weekly Current Affairs Quiz: 26 October – 1 November 2026

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…

The correct answer is 6.7 per cent, the year on year growth recorded by the quick estimates for September 2026.

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.

The Commerce and Industry Minister said the nine free trade and bilateral agreements concluded by the government have opened preferential market opportunities in economies whose combined output comes to that figure.

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…

This amount is made up of tax revenue net to the Centre, non-tax revenue and non-debt capital receipts.

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.

Social protection coverage in India has moved up from 19% in 2015 to 68.4% in 2026, and this widening has brought more than one billion people inside the social protection framework.

The exemption from customs duty on cotton brought into the country now runs up to the end of December.

The Competition Commission of India approved the merger of Sapphire Foods India Limited with and into Devyani International Limited, along with certain related transactions placed before it as one proposed combination.

The revised schedule introduces, for the first time, questions on the constraints women face in operating and managing their establishments, to build an evidence base on the factors affecting female-led enterprises in the unincorporated sector.

The correct answer is electricity and gas supply, which grew at the fastest rate among the four sectors that make up the index.

Every reading in the Index of Services Production is measured against output in that base year, so a sub-sector standing above the base-year level has grown since then and one standing below it has not recovered to where it was.

Piyush Goyal said India's space economy was valued at USD 8.4 billion at the time of his address and had the potential to reach USD 44 billion by that year, a prospect he linked to the opening of the space sector to private participation.

The clarification notes that IDBI was a government owned banking company until that year and became a government controlled banking company once LIC acquired majority stakes in it.

The monthly accounts record that this sum was transferred to the state governments as devolution of their share of central taxes during the first half of the financial year, and that it was Rs 67,658 crore higher than the amount devolved in the corresponding period of the previous year.

The Government fixed that period when it constituted the panel, which means the committee must finish its review of banking practices, prudential norms, regulatory frameworks and capital needs and submit its recommendations within half a year.

The ceiling had last been revised in September 2014, when it was moved from Rs 6,500 to Rs 15,000 a month, and the approval granted in September 2026 took it to Rs 25,000.

Customs duty is a tax, so changes to it are notified by the revenue side of the Finance Ministry, in this case through a customs notification dated the end of October.

Both companies operate franchise outlets of these two brands in India, and that overlap is the reason a merger between them is a matter for competition review rather than a routine corporate step.

The statistics ministry stated that these two questions were added at that Ministry's request, so that establishments engaged in handloom, power-loom and handicraft work can be identified within the survey frame.

On this base the general index for the month under review reads above the hundred mark, which simply means output is higher than it was in the base year.

The correct answer is retail trade, which expanded faster than any other sub-sector over August 2025 and also carried the second highest index reading in the series.

The Minister said that green and renewable sources now make up that share of India's installed electricity capacity, while adding that coal remains necessary for energy security and for keeping power affordable.

The asset valuer added value for the disputed tax demands, and those demands were indemnified because the qualified bidders had asked for it in common, the purpose being to nudge the offer upwards.

Total expenditure in the first six months of the financial year was Rs 25,49,835 crore, and that is 47.7 per cent of the corresponding budget estimate.

One head of the terms of reference asks the committee to review the Priority Sector Lending framework together with the Lead Bank Scheme, and to judge how relevant, effective and well coordinated the two remain in promoting inclusive, balanced and data-driven credit delivery in line with changing economic priorities and…

It has been revised from the existing National Social Assistance Programme in October 2026 and will continue from 2026-27 to 2030-31.

The exemption in force was available until the end of October, and the amendment carries it to the end of December, which adds exactly two months to the window.

The Commission's clearance notes that the acquirer, MIH Payments Holdings B.V., is an indirect wholly-owned subsidiary of Prosus N.V., and that the acquirer itself carries on no business activity beyond holding investments in portfolio companies which have business activities in India.