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Current Affairs Quiz

SBI Weekly Current Affairs Quiz: 12–18 October 2026

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

This SBI current affairs quiz puts 30 multiple-choice questions to you from 11 stories published in the week of 12–18 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

30 questions with answers and explanations

Q1.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.

Q2.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.

Q4.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…

Q5.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.

Q6.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.

Q7.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.

Q9.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.

Q10.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.

Q13.Summits & ConferencesMedium

India became the first G20 nation to source 40 per cent of its installed electricity capacity from non-fossil fuels. When did it reach this mark?

  1. A.November 2021
  2. B.November 2019
  3. C.March 2023
  4. D.August 2015
Show answer
Correct answer: A. November 2021

Under the Paris Agreement, India committed in 2015 to meeting 40 per cent of its installed electricity capacity from non-fossil sources by 2030, and the Prime Minister told the forum that the country touched that level in November 2021 itself, nine years ahead of the deadline, becoming the first G20…

Q14.EconomyMedium

A formal exemption order for a Provident Fund Trust is granted under section 17 of which Act?

  1. A.The Income Tax Act, 1961
  2. B.The Employees' Provident Funds and Miscellaneous Provisions Act, 1952
  3. C.The Payment of Gratuity Act, 1972
  4. D.The Employees' State Insurance Act, 1948
Show answer
Correct answer: B. The Employees' Provident Funds and Miscellaneous Provisions Act, 1952

Section 17 of this Act is the provision under which a formal exemption order is granted to a Provident Fund Trust; the comparable provision in the newer law is section 143 of the Code on Social Security, 2020.

Q21.Banking & FinanceMedium

Which court decided All India IDBI Officers' Association versus Union of India and Others, dismissing the challenge to dilution of the Government's stake?

  1. A.Supreme Court of India
  2. B.Delhi High Court
  3. C.Bombay High Court
  4. D.National Company Law Tribunal
Show answer
Correct answer: B. Delhi High Court

According to the clarification, the association of IDBI officers took the shareholding question to the Delhi High Court, which decided the case on 17 December 2018 and dismissed the writ petition.

Q23.InternationalMedium

Which bilateral mechanism’s outcomes were reviewed during the Finance Minister’s talks with the Singapore leadership?

  1. A.2nd India-Singapore Ministerial Roundtable
  2. B.3rd India-Singapore Ministerial Roundtable
  3. C.4th India-Singapore Ministerial Roundtable
  4. D.6th India-Singapore Ministerial Roundtable
Show answer
Correct answer: C. 4th India-Singapore Ministerial Roundtable

The engagements in Singapore gave the two sides an opportunity to review progress in advancing the outcomes of that roundtable and to explore avenues for deepening the Comprehensive Strategic Partnership between India and Singapore.

Q25.EconomyHard

Which of these conditions is NOT waived for a trust regularised under the Amnesty Scheme, 2026?

  1. A.Minimum employee headcount
  2. B.Size of the corpus
  3. C.The three-year compliance rule
  4. D.Recognition by the Income Tax Department
Show answer
Correct answer: D. Recognition by the Income Tax Department

That recognition is not waived at all; it is the very qualification a trust must already possess to be eligible, since the scheme is aimed at trusts recognised under the Income Tax Act, 1961 that nevertheless lack a formal exemption order.

Q26.Government SchemesEasy

Which authority has the Union Cabinet approved to strengthen long term transport and logistics planning?

  1. A.National Logistics Board
  2. B.Integrated Transport and Logistics Authority
  3. C.Multimodal Connectivity Commission
  4. D.Bharat Transport Regulatory Authority
Show answer
Correct answer: B. Integrated Transport and Logistics Authority

The government has decided to set it up so that the full potential of PM GatiShakti can be used for integrated long term transport planning, and the Union Cabinet has approved it.

Q29.Reports & IndicesEasy

Which of these is NOT a parameter captured during a TRAI Independent Drive Test?

  1. A.Call Setup Success Rate
  2. B.Drop Call Rate
  3. C.Spectrum auction price
  4. D.Download and upload throughput
Show answer
Correct answer: C. Spectrum auction price

During an Independent Drive Test the regulator captures coverage gap, which is the share of samples with signal strength below the prescribed minimum for the technology in use, and for voice it records Call Setup Success Rate, Drop Call Rate, call setup time, call silence rate and speech quality on…

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