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Current Affairs Quiz

Banking Weekly Current Affairs Quiz: 12–18 October 2026

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

This Banking current affairs quiz puts 30 multiple-choice questions to you from 30 stories published in the week of 12–18 October 2026 that matter for the Banking general awareness section. The questions are the same verified MCQs that accompany GK24's articles, chosen here for their relevance to Banking, 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.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.

Q2.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.

Q4.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.

Q7.Science & TechnologyEasy

The Technology Development Board has extended Rs 86 crore of RDI Fund support to which company for the VIGOR programme?

  1. A.Biocon Limited, Bengaluru
  2. B.Peptris Technologies Private Limited, Bengaluru
  3. C.Bharat Biotech International, Hyderabad
  4. D.Serum Institute of India, Pune
Show answer
Correct answer: B. Peptris Technologies Private Limited, Bengaluru

The Technology Development Board, which works under the Department of Science and Technology, signed its agreement with this Bengaluru company in Karnataka and committed Rs 86 crore from the Research Development and Innovation Fund towards the VIGOR programme, whose full cost is Rs 172 crore.

Q9.EnvironmentMedium

The Mid-Career Training Phase-III programme for Indian Forest Service officers that began on 12 October 2026 is organised by which institution?

  1. A.Lal Bahadur Shastri National Academy of Administration
  2. B.Indira Gandhi National Forest Academy
  3. C.Forest Research Institute
  4. D.Wildlife Institute of India
Show answer
Correct answer: B. Indira Gandhi National Forest Academy

The correct answer is the Indira Gandhi National Forest Academy, abbreviated as IGNFA, which is conducting the nineteenth Phase-III course from the twelfth of October to the sixth of November in 2026 for sixty-eight officers drawn from eighteen cadres.

Q11.DefenceEasy

With which organisation did the Indian Army sign an MoU for the use of warehousing and material-handling resources during operational contingencies?

  1. A.NAFED
  2. B.Food Corporation of India
  3. C.Border Roads Organisation
  4. D.Central Warehousing Corporation
Show answer
Correct answer: B. Food Corporation of India

The MoU signed alongside the launch of Bharat Rice gives the Army a formal framework to use identified FCI warehouses, labour resources and material-handling equipment when operations require them, and it holds for five years with the option of extension by mutual consent.

Q12.Government SchemesEasy

On which date was the PM GatiShakti National Master Plan launched?

  1. A.13 October 2021
  2. B.15 August 2021
  3. C.13 October 2022
  4. D.1 April 2020
Show answer
Correct answer: A. 13 October 2021

The idea was to put data held by different ministries, states and union territories onto one Geographic Information System platform so that road, rail, port, airport, waterway and utility networks could be planned together instead of in isolation.

Q13.Government SchemesMedium

What is the total outlay of the PM-SETU scheme?

  1. A.440 crore rupees
  2. B.3,446 crore rupees
  3. C.60,000 crore rupees
  4. D.1,000 crore rupees
Show answer
Correct answer: C. 60,000 crore rupees

PM-SETU, which stands for Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs, is a flagship scheme with that total outlay, and it seeks to change vocational education through deep industry participation and institutional reform.

Q14.NationalMedium

The directive on displaying healthcare service rates is based on which Act?

  1. A.Clinical Establishments (Registration and Regulation) Act, 2010
  2. B.National Medical Commission Act, 2019
  3. C.Consumer Protection Act, 2019
  4. D.Drugs and Cosmetics Act, 1940
Show answer
Correct answer: A. Clinical Establishments (Registration and Regulation) Act, 2010

Together they form the regulatory framework for clinical establishments, and the Rules require that the rate charged for each type of service and each facility be displayed at a conspicuous place, in the local language as well as in English.

Q17.Summits & ConferencesEasy

What is the theme of the BRICS Theatre Festival 2026 held in New Delhi?

  1. A.Shared Stories, Shared Futures
  2. B.One Earth, One Stage
  3. C.Theatre for a New World
  4. D.Building for Resilience, Innovation, Cooperation and Sustainability
Show answer
Correct answer: A. Shared Stories, Shared Futures

The correct answer is Shared Stories, Shared Futures, the theme under which the three-day festival opened at the National School of Drama in New Delhi and runs from 12 to 14 October 2026.

Q22.Reports & IndicesMedium

According to TRAI's performance indicator report, what was India's total telephone subscriber base at the end of June 2026?

  1. A.1,330.58 million
  2. B.1,300.25 million
  3. C.1,348.08 million
  4. D.1,114.17 million
Show answer
Correct answer: C. 1,348.08 million

The report for the quarter ending June 2026 records this as the total of wireless and wireline connections, a rise of 1.31 per cent over the previous quarter and of 10.65 per cent over the same quarter a year earlier.

Q25.Summits & ConferencesEasy

At which institute was the APARC General Assembly 2026 inaugurated?

  1. A.Indian Institute of Tropical Meteorology, Pune
  2. B.India Meteorological Department, New Delhi
  3. C.National Centre for Medium Range Weather Forecasting, Noida
  4. D.Indian National Centre for Ocean Information Services, Hyderabad
Show answer
Correct answer: A. Indian Institute of Tropical Meteorology, Pune

The inaugural function of the assembly was held there, and the institute's Director delivered the opening keynote on modelling the monsoon and on narrowing the gap between how far the monsoon can be predicted in principle and the skill of actual forecasts.

Q26.Science & TechnologyEasy

Which edition of the India-UK Science and Innovation Council meeting was held in New Delhi in October 2026?

  1. A.Sixth
  2. B.Seventh
  3. C.Eighth
  4. D.Ninth
Show answer
Correct answer: C. Eighth

The Council met in New Delhi with Dr Jitendra Singh, Union Minister of State with Independent Charge for Science and Technology and Earth Sciences, on the Indian side and Jonathan Reynolds, the British Secretary of State for Business, Innovation and Trade, on the other.

Q27.Government SchemesEasy

In which city is the National SARAS Mela 2026 being held, the first such fair outside Delhi-NCR?

  1. A.Visakhapatnam
  2. B.Vijayawada
  3. C.Hyderabad
  4. D.Tirupati
Show answer
Correct answer: B. Vijayawada

The Ministry of Rural Development is holding the fair at Punnami Ghat in that city, working with the Society for Elimination of Rural Poverty of Andhra Pradesh, and this is the first time the National SARAS Mela has been staged outside Delhi and the National Capital Region.

Q28.Science & TechnologyEasy

Which organisation dedicated the Cyclone Warning and Marine Weather Services Decision Support System to the nation in October 2026?

  1. A.National Disaster Management Authority
  2. B.India Meteorological Department
  3. C.Indian National Centre for Ocean Information Services
  4. D.National Centre for Medium Range Weather Forecasting
Show answer
Correct answer: B. India Meteorological Department

The IMD, which works under the Ministry of Earth Sciences, dedicated the Cyclone Warning and Marine Weather Services Decision Support System to the nation on 12 October 2026.

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