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Current Affairs Quiz

SBI Weekly Current Affairs Quiz: 28 September – 4 October 2026

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

This SBI current affairs quiz puts 29 multiple-choice questions to you from 9 stories published in the week of 28 September – 4 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

29 questions with answers and explanations

Q1.EconomyEasy

CBDT has extended the due date for furnishing the return of income for Assessment Year 2026-27 in audit cases to which date?

  1. A.31 October 2026
  2. B.21 November 2026
  3. C.30 November 2026
  4. D.15 December 2026
Show answer
Correct answer: B. 21 November 2026

For the class of taxpayers who must get their accounts audited, the statutory last date to file the return of income for Assessment Year 2026-27 was 31 October 2026, and the Central Board of Direct Taxes has now pushed it forward by three weeks.

Q2.EconomyEasy

Which agency busted the pan-India gold smuggling syndicate that used courier consignments to move foreign-origin gold?

  1. A.Enforcement Directorate
  2. B.Directorate of Revenue Intelligence
  3. C.Central Bureau of Investigation
  4. D.National Investigation Agency
Show answer
Correct answer: B. Directorate of Revenue Intelligence

It was DRI that acted on intelligence about gold crossing the India-Bangladesh border, intercepted the courier parcels in several cities and seized the metal under the customs law.

Q3.Banking & FinanceEasy

The Bankers' Books Evidence Act, 2026 replaces which earlier law?

  1. A.The Bankers' Books Evidence Act, 1891
  2. B.The Indian Evidence Act, 1872
  3. C.The Banking Regulation Act, 1949
  4. D.The Negotiable Instruments Act, 1881
Show answer
Correct answer: A. The Bankers' Books Evidence Act, 1891

The new Act carries the same name with the new year and takes the place of the colonial-era statute, which was framed at a time when banking systems were entirely paper-based.

Q6.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.

Q8.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.

Q9.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.

Q11.EconomyMedium

How much foreign-origin gold was seized in the operation, and what was its approximate value?

  1. A.3.25 kg worth about Rs 5.10 crore
  2. B.6.61 kg worth about Rs 10.36 crore
  3. C.12.40 kg worth about Rs 18.75 crore
  4. D.18.20 kg worth about Rs 29.50 crore
Show answer
Correct answer: B. 6.61 kg worth about Rs 10.36 crore

That quantity of foreign-origin gold, all of it in bar form, was recovered from the courier consignments that were intercepted during the coordinated operation, and it was seized under the relevant provisions of the customs law.

Q13.Government SchemesMedium

Under which ministry does the Department of Pharmaceuticals, which runs the PRIP scheme, function?

  1. A.Ministry of Health and Family Welfare
  2. B.Ministry of Science and Technology
  3. C.Ministry of Chemicals and Fertilizers
  4. D.Ministry of Commerce and Industry
Show answer
Correct answer: C. Ministry of Chemicals and Fertilizers

The correct answer is the Ministry of Chemicals and Fertilizers, which houses the Department of Pharmaceuticals, and it is that department which announced the approvals under PRIP.

Q14.EconomyMedium

What type of mineral deposit do Sewell Rise-01 and West Sewell Ridge-01 contain?

  1. A.Bauxite and laterite
  2. B.Polymetallic nodules and crusts
  3. C.Coal seams
  4. D.Placer gold deposits
Show answer
Correct answer: B. Polymetallic nodules and crusts

Both blocks are described as holding deposits of this kind, and they host cobalt, nickel, manganese, copper and rare earth elements, which are needed for advanced manufacturing, clean energy technology, electric mobility and electronics.

Q15.EconomyMedium

Component II of RELIEF encourages exporters to obtain cover from which body, and at what level of risk coverage?

  1. A.EXIM Bank, with 80 per cent risk coverage
  2. B.ECGC, with 95 per cent risk coverage
  3. C.DGFT, with 90 per cent risk coverage
  4. D.SIDBI, with 75 per cent risk coverage
Show answer
Correct answer: B. ECGC, with 95 per cent risk coverage

Component II nudges an exporter into taking Export Credit Guarantee Corporation cover for upcoming shipments to the specified regions, and that cover carries ninety-five per cent risk coverage, available on a Stand Alone Policy or a Whole Turnover Policy obtained on or after 16 March 2026.

Q17.Summits & ConferencesMedium

Which institution organises the Kautilya Economic Conclave, and in which year was it established?

  1. A.Institute of Economic Growth, established in 1952
  2. B.Indian Council for Research on International Economic Relations, established in 1981
  3. C.National Council of Applied Economic Research, established in 1956
  4. D.Institute of Economic Growth, established in 1964
Show answer
Correct answer: A. Institute of Economic Growth, established in 1952

The Vice-President recalled that the institute was set up that year under Professor V. K. R. V. Rao and has stayed close to India’s development journey ever since; it hosts this conclave.

Q18.NationalMedium

Which document did the Vice-President launch at the ICSI Foundation Day celebrations?

  1. A.MSME Compliance Calendar 2027
  2. B.Corporate Governance Index 2026
  3. C.Start-up Compliance Handbook
  4. D.National Governance Charter
Show answer
Correct answer: A. MSME Compliance Calendar 2027

The Vice-President released this calendar at the Foundation Day function and welcomed the institute's work for micro, small and medium enterprises and for start-ups, including the ICSI MSME and Start-up Catalyst.

Q20.EconomyMedium

According to the preliminary scrutiny of documents, how much smuggled gold had the syndicate already moved through courier channels in nine months?

  1. A.About 318 kg worth about Rs 475 crore
  2. B.About 118 kg worth about Rs 160 crore
  3. C.About 640 kg worth about Rs 900 crore
  4. D.About 45 kg worth about Rs 70 crore
Show answer
Correct answer: A. About 318 kg worth about Rs 475 crore

Documents examined after the arrests showed that this quantity of smuggled gold had already been carried and delivered through the same courier-based network during nine months of the current calendar year, which is what revealed the true size of the operation.

Q21.Banking & FinanceHard

Under the new Act, when can a bank officer be required to appear as a witness or produce a banker's book?

  1. A.Whenever any party to a case asks for it
  2. B.Only under a written order of the court recording a special cause
  3. C.Only with the prior approval of the Reserve Bank
  4. D.Only if the bank is a party to the proceeding
Show answer
Correct answer: B. Only under a written order of the court recording a special cause

The Act allows the contents of a banker's book to be proved by a certified copy without producing the original, so an officer is not ordinarily compelled to appear, and it protects officers from routine appearance where the bank is not a party.

Q23.EconomyMedium

Who launched the auction of the two offshore mineral blocks?

  1. A.The Union Minister of Mines
  2. B.Keshav Chandra, Secretary, Ministry of Mines
  3. C.Kadam Sandeep Vasant, Joint Secretary
  4. D.The Chairman of MSTC
Show answer
Correct answer: B. Keshav Chandra, Secretary, Ministry of Mines

The correct answer is Keshav Chandra, Secretary, Ministry of Mines, who launched the auction virtually for the grant of a Composite Licence.

Q24.EconomyHard

Which of the following is NOT covered by the benefit under Component II of RELIEF?

  1. A.Full Container Load cargo
  2. B.Less than Container Load cargo
  3. C.Reefer containers
  4. D.Energy shipments
Show answer
Correct answer: D. Energy shipments

The cargo that does attract the benefit is of three kinds: a Full Container Load, where one consignor fills a whole container, a Less than Container Load, where a shipment shares container space with others, and a Reefer container, the refrigerated box in which perishables such as fruit, fish and…

Q25.SportsMedium

Which remark did Prime Minister Narendra Modi make on Parveen's Asian Games gold?

  1. A.That it adds another glorious chapter to Indian boxing
  2. B.That it was India’s first boxing medal at any Asian Games
  3. C.That she had equalled a continental record
  4. D.That she would lead the Indian boxing team next season
Show answer
Correct answer: A. That it adds another glorious chapter to Indian boxing

The Prime Minister used those terms while congratulating the boxer, and he went on to call her success deeply motivating and to say that it highlights her dedication to sporting excellence.

Q26.Summits & ConferencesMedium

According to the Vice-President, how many Jan Dhan accounts had been opened as of August 2026?

  1. A.More than 390 million
  2. B.More than 450 million
  3. C.More than 520 million
  4. D.More than 590 million
Show answer
Correct answer: D. More than 590 million

The inaugural address used this figure to show how far financial inclusion has spread, crediting the JAM trinity, Direct Benefit Transfer and the Goods and Services Tax with widening access, improving transparency and formalising the economy.

Q28.Banking & FinanceHard

Investigations and inquiries under which code are expressly covered by the Bankers' Books Evidence Act, 2026?

  1. A.Bharatiya Nyaya Sanhita
  2. B.Bharatiya Sakshya Adhiniyam
  3. C.Bharatiya Nagarik Suraksha Sanhita, 2023
  4. D.Code of Civil Procedure, 1908
Show answer
Correct answer: C. Bharatiya Nagarik Suraksha Sanhita, 2023

The Act states that it will be used in any legal proceeding, in arbitration, and in any investigation or inquiry under that Sanhita or under any other law for the time being in force, wherever evidence is or may be taken.

Q29.Summits & ConferencesMedium

How many Lakhpati Didis did the Vice-President say had emerged in India?

  1. A.More than 14.6 million
  2. B.More than 24.6 million
  3. C.More than 34.6 million
  4. D.More than 44.6 million
Show answer
Correct answer: C. More than 34.6 million

The Vice-President placed that figure beside two others to show how women’s economic participation has grown: around 9.2 million Self-Help Groups, covering more than 100 million rural women, and more than 250 million Indians lifted out of extreme poverty.

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