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Current Affairs Quiz

SBI Current Affairs Quiz: October 2026

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

This SBI current affairs quiz puts 50 multiple-choice questions to you from 50 stories published in October 2026 that matter for the SBI general awareness section. The questions are the same verified MCQs that accompany GK24's articles, chosen here for their relevance to SBI, 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

Q2.EconomyMedium

What is the full form of RELIEF, the export intervention whose Component II timelines have been extended?

  1. A.Resilience and Logistics Intervention for Export Facilitation
  2. B.Remission of Levies and Insurance for Export Finance
  3. C.Reimbursement of Logistics and Insurance for Exporters and Farmers
  4. D.Resilient Export Logistics and Infrastructure Expansion Fund
Show answer
Correct answer: A. Resilience and Logistics Intervention for Export Facilitation

RELIEF is a time-bound intervention under the Export Promotion Mission and was launched on 19 March 2026 to support exporters struck by extraordinary freight escalation, higher insurance premia and war-related export risks arising on the Gulf and the wider West Asian maritime corridor.

Q4.Summits & ConferencesEasy

What was the theme of the 5th Kautilya Economic Conclave held in New Delhi?

  1. A.Reform, Perform, Transform
  2. B.Resilience in an Age of Flux
  3. C.Growth with Green Transition
  4. D.One Earth, One Economy
Show answer
Correct answer: B. Resilience in an Age of Flux

The conclave was organised on that theme by the Institute of Economic Growth, and the Vice-President used it to argue that economic resilience cannot be separated from social resilience, that inclusion is the foundation of resilience, and that no citizen, enterprise or region should be left behind.

Q5.NationalEasy

The 58th Foundation Day celebrations held at Bharat Mandapam, New Delhi, belonged to which institute?

  1. A.Institute of Chartered Accountants of India
  2. B.Institute of Company Secretaries of India
  3. C.Institute of Cost Accountants of India
  4. D.Indian Institute of Corporate Affairs
Show answer
Correct answer: B. Institute of Company Secretaries of India

Its 58th Foundation Day was celebrated at Bharat Mandapam in New Delhi, and the Vice-President addressed the gathering, praising the institute for nearly six decades of work in strengthening transparent, ethical and inclusive corporate governance.

Q6.Reports & IndicesEasy

Which organisation conducted India’s first National Household Travel Survey, released on 5 October 2026?

  1. A.NITI Aayog
  2. B.National Statistics Office
  3. C.Reserve Bank of India
  4. D.Census Commissioner of India
Show answer
Correct answer: B. National Statistics Office

The NSO, which works under the Ministry of Statistics and Programme Implementation, carried out the first all-India National Household Travel Survey between July 2025 and June 2026 and released its key indicators through a factsheet.

Q7.Reports & IndicesMedium

According to TRAI's Yearly Performance Indicators for 2025-26, what was India's overall tele-density at the end of March 2026?

  1. A.85.04 per cent
  2. B.89.88 per cent
  3. C.93.26 per cent
  4. D.151.47 per cent
Show answer
Correct answer: C. 93.26 per cent

TRAI's annual report records overall tele-density rising to that level at the end of March 2026 from 85.04 per cent a year earlier, which is why option A is wrong, as it is the figure for the end of March 2025 and not the one being asked.

Q8.EconomyMedium

What is the theme of NCCSR 2026, the third National Conference and Exhibition on Corporate Social Responsibility?

  1. A.CSR for Sustainable Development Goals
  2. B.Re-envisioning the Spirit of CSR for Viksit Bharat: From Compliance to Commitment
  3. C.Trusteeship and the Indian Corporation
  4. D.From Spending to Transforming
Show answer
Correct answer: B. Re-envisioning the Spirit of CSR for Viksit Bharat: From Compliance to Commitment

The conference, organised by the School of Business Environment of the Indian Institute of Corporate Affairs, is being held on 6 and 7 October 2026 at The Ashok in New Delhi, and has drawn over 550 delegates from across the country.

Q9.EconomyMedium

Who chaired the first meeting of the Development Council for Textile Industry?

  1. A.The Union Minister of Textiles
  2. B.The Secretary, Ministry of Textiles
  3. C.The Chairman of the Cotton Corporation of India
  4. D.The Vice-Chairman of NITI Aayog
Show answer
Correct answer: B. The Secretary, Ministry of Textiles

The council met for the first time at Vigyan Bhawan in New Delhi under her chairpersonship, and in her address she stressed that textiles and apparel are among the largest employment generators and export earners for the country and called for a whole-of-value-chain approach to production, innovation and global market…

Q10.EconomyEasy

How much has the Union Cabinet committed towards the establishment of the SME Growth Fund?

  1. A.Rs 5,000 crore
  2. B.Rs 7,500 crore
  3. C.Rs 10,000 crore
  4. D.Rs 25,000 crore
Show answer
Correct answer: C. Rs 10,000 crore

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved an aggregate commitment of this size by the Government of India towards setting up the SME Growth Fund, and the money will be placed in an Alternative Investment Fund raised under the fund framework.

Q11.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.

Q12.EconomyEasy

Which Union Minister held meetings with the heads of leading American companies in New York to invite investment into India?

  1. A.The Minister of Finance
  2. B.The Minister of Commerce and Industry, Piyush Goyal
  3. C.The Minister of External Affairs
  4. D.The Minister of Electronics and Information Technology
Show answer
Correct answer: B. The Minister of Commerce and Industry, Piyush Goyal

The release from the Ministry of Commerce and Industry records that he held a series of meetings with senior leaders of leading United States companies in New York during the week, to discuss ways of strengthening India-United States trade and to invite those companies to explore investment in India.

Q13.EconomyEasy

By what percentage did India’s live events sector grow over the past year, as stated at the 5th LEDC meeting?

  1. A.22 per cent
  2. B.44 per cent
  3. C.56 per cent
  4. D.18 per cent
Show answer
Correct answer: B. 44 per cent

The Secretary in the Ministry of Information and Broadcasting gave this figure while addressing the fifth meeting of the Live Events Development Cell, adding that around thirty-four thousand events were held across the country and that the sector now supports more than one crore livelihoods.

Q15.Banking & FinanceEasy

Which department has directed bankers committees to report Scheduled Caste beneficiary data scheme-wise and bank-wise?

  1. A.Department of Financial Services
  2. B.Department of Expenditure
  3. C.Department of Revenue
  4. D.Department of Economic Affairs
Show answer
Correct answer: A. Department of Financial Services

It is the department of the Finance Ministry that deals with banks, insurance and the financial inclusion schemes, and it is the body that issued the directions to convenors of State Level Bankers Committees and their Union Territory counterparts after the National Commission for Scheduled Castes raised the gap.

Q16.EconomyEasy

Which regulator approved the proposed combination amalgamating BMM Ispat into JSW Steel?

  1. A.Securities and Exchange Board of India
  2. B.Competition Commission of India
  3. C.Reserve Bank of India
  4. D.Insolvency and Bankruptcy Board of India
Show answer
Correct answer: B. Competition Commission of India

It is the statutory authority that examines proposed combinations, meaning mergers, amalgamations and acquisitions above the prescribed thresholds, to see whether they would cause an appreciable adverse effect on competition in India, and it cleared this internal restructuring of the JSW Group along with three other combinations the same day.

Q17.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…

Q18.Science & TechnologyMedium

According to Dr Jitendra Singh, what is the present size of India's space economy?

  1. A.About USD 2 billion
  2. B.About USD 9 billion
  3. C.About USD 24 billion
  4. D.About USD 45 billion
Show answer
Correct answer: B. About USD 9 billion

The minister described this as the current size of the space economy and said it could reach USD 45 to 46 billion over the next 8 to 10 years if the present momentum continues, crediting the expansion to the opening of the sector and the entry of a wider set…

Q22.Summits & ConferencesMedium

Which institute organised the Third National Conference and Exhibition on Corporate Social Responsibility (NCCSR 2026)?

  1. A.Indian Institute of Public Administration
  2. B.Indian Institute of Corporate Affairs
  3. C.National Institute of Financial Management
  4. D.Institute of Company Secretaries of India
Show answer
Correct answer: B. Indian Institute of Corporate Affairs

NCCSR 2026 was organised by IICA, specifically by its School of Business Environment, under the Ministry of Corporate Affairs, and was held at The Ashok in New Delhi on 6 and 7 October 2026.

Q23.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.

Q24.Summits & ConferencesEasy

In which city was the Bloomberg New Economy Forum held when it came to India for the first time?

  1. A.Mumbai
  2. B.New Delhi
  3. C.Bengaluru
  4. D.Gandhinagar
Show answer
Correct answer: B. New Delhi

The Bloomberg New Economy Forum, which gathers business leaders, policymakers and delegates from many countries for discussions on the economy, technology, energy and global affairs, was held in India for the first time, and the Prime Minister addressed the gathering in the national capital.

Q26.Government SchemesMedium

How many data layers are integrated on the PM GatiShakti National Master Plan platform?

  1. A.More than 800
  2. B.More than 1,200
  3. C.More than 1,800
  4. D.More than 2,500
Show answer
Correct answer: C. More than 1,800

As the PM GatiShakti National Master Plan completed five years, the government stated that the platform integrates more than 1,800 data layers covering 58 Central Ministries and Departments and all 36 States and Union Territories, along with more than 65 software modules and tools and over 100 mobile and web…

Q27.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.

Q28.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.

Q29.Reports & IndicesMedium

Under which Licensed Service Area was the TRAI drive test in the Andaman and Nicobar Islands conducted?

  1. A.Tamil Nadu LSA
  2. B.West Bengal LSA
  3. C.Kolkata LSA
  4. D.Andhra Pradesh LSA
Show answer
Correct answer: B. West Bengal LSA

For telecom licensing the Andaman and Nicobar Islands are grouped with West Bengal, and the drive test across South Andaman district and the coastal route from Port Blair to Havelock was conducted under that service area during August 2026, supervised by the regulator regional office at Kolkata.

Q31.Government SchemesEasy

How many additional houses were approved under PMAY-U 2.0 at the 10th meeting of the Central Sanctioning and Monitoring Committee?

  1. A.1.93 lakh
  2. B.2.93 lakh
  3. C.1.19 lakh
  4. D.3.91 lakh
Show answer
Correct answer: A. 1.93 lakh

At the 10th meeting of the Central Sanctioning and Monitoring Committee, held in New Delhi on 16 October 2026 under the chairmanship of Urban Development Secretary Satendra Singh, over 1.93 lakh additional houses were cleared under Pradhan Mantri Awas Yojana - Urban 2.0.

Q32.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.

Q34.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.

Q36.NationalMedium

According to Rajnath Singh’s address in Dushanbe, India’s defence exports have reached a record figure of:

  1. A.Rs 21,083 crore
  2. B.Rs 38,424 crore
  3. C.Rs 46,210 crore
  4. D.Rs 52,500 crore
Show answer
Correct answer: B. Rs 38,424 crore

Speaking to the Indian diaspora in Dushanbe on 20 October 2026, the Defence Minister said defence exports had touched that record level, and in the same breath he put defence production at Rs 1.80 lakh crore, so the two figures are best learnt as a pair because an examiner can…

Q42.Summits & ConferencesMedium

What is the theme of the 14th India Chem 2026 held in Mumbai?

  1. A.Chemicals for a Sustainable Future
  2. B.Advantage Bharat: An Emerging Global Chemicals Hub
  3. C.Make in India for the World
  4. D.Atmanirbhar Rasayan Bharat
Show answer
Correct answer: B. Advantage Bharat: An Emerging Global Chemicals Hub

The theme frames the event as a platform for domestic and international stakeholders to share knowledge, build alliances and look for investment, and the minister repeated it when describing what the gathering was meant to achieve.

Q45.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.

Q47.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.

Q48.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.

Q49.Banking & FinanceEasy

The two industrial settlements of October 2026 involved which bank?

  1. A.Bihar Gramin Bank
  2. B.Dakshin Bihar Gramin Bank
  3. C.Bihar State Co-operative Bank
  4. D.Central Bank of India
Show answer
Correct answer: A. Bihar Gramin Bank

Two disputes between its management and its employees organisations were settled on 22 and 23 October 2026 through the conciliation efforts of the Assistant Labour Commissioner (Central), Patna, working under the Office of the Chief Labour Commissioner (Central) in the Ministry of Labour and Employment.

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