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Banking & Economy Current Affairs Quiz 2026: MCQs for SSC & Bank Exams

RBI decisions, bank mergers and sales, budget and economy news that banking awareness sections ask about. These are all the banking & economy questions from our daily current affairs quizzes, newest first, so you can revise one GA topic in a single sitting. Every answer names its official source.

MCQs: 23
From quizzes: 13
News summaries: 27

Banking & Economy Current Affairs Questions: October 2026 (23)

Full month: Current affairs quiz October 2026

Q1.By how much did the Index of Core Industries grow in September 2026 (provisional, year-on-year)?
- A.5.1%
- B.5.9%
- C.7.9%
- D.10.7%
Show answer
Answer: C. 7.9%
The ICI grew 7.9% year-on-year in September 2026 (provisional), up from 5.9% in August 2026 (PIB, Ministry of Commerce & Industry, 21 Oct 2026). Source: PIB, Ministry of Commerce & Industry, 21 Oct 2026.
Official source
From Daily Current Affairs Quiz 21 October 2026 · 21 October 2026
Q2.How many Gram Panchayats and Urban Local Bodies does the October-December 2026 financial inclusion saturation campaign cover?
- A.1.5 lakh
- B.2.0 lakh
- C.2.70 lakh
- D.6.0 lakh
Show answer
Answer: C. 2.70 lakh
The campaign covers 2.70 lakh GPs and ULBs (PIB, Ministry of Finance, 19 Oct 2026). Source: PIB, Ministry of Finance, 19 Oct 2026.
Official source
From Daily Current Affairs Quiz 19 October 2026 · 19 October 2026
Q3.On 14 October 2026, the Cabinet Committee on Economic Affairs approved which entity as the strategic buyer for IDBI Bank Ltd.?
- A.Kotak Mahindra Bank
- B.Emirates NBD
- C.10955230 Canada Inc. (parent: Fairfax Financial Holdings)
- D.Sumitomo Mitsui Banking Corporation
Show answer
Answer: C. 10955230 Canada Inc. (parent: Fairfax Financial Holdings)
The CCEA approved M/s 10955230 Canada Inc., whose parent entity is Fairfax Financial Holdings Ltd., as the strategic buyer for a purchase consideration of about Rs 52,878 crore. Source: PIB, Government Approves Strategic Restructuring of IDBI Bank Ltd., 14 Oct 2026.
Official source
From Daily Current Affairs Quiz 14 October 2026 · 14 October 2026
Q4.What total equity stake in IDBI Bank Ltd. is being sold to the strategic buyer?
- A.30.48%
- B.51%
- C.45.48%
- D.60.72%
Show answer
Answer: D. 60.72%
An aggregate 60.72% stake is being sold: 30.48% held by the Government of India and 30.24% held by LIC. Source: PIB, Government Approves Strategic Restructuring of IDBI Bank Ltd., 14 Oct 2026.
Official source
From Daily Current Affairs Quiz 14 October 2026 · 14 October 2026
Q5.After the IDBI Bank strategic sale, what residual shareholding will the Government of India and LIC hold?
- A.Government 19%, LIC 15%
- B.Government 30.48%, LIC 30.24%
- C.Government 15%, LIC 19%
- D.Government nil, LIC 34%
Show answer
Answer: C. Government 15%, LIC 19%
The Government of India keeps 15% and LIC keeps 19%, a combined 34%. Source: PIB, Government Approves Strategic Restructuring of IDBI Bank Ltd., 14 Oct 2026.
Official source
From Daily Current Affairs Quiz 14 October 2026 · 14 October 2026
Q6.The winning best-offer bid for IDBI Bank was accepted at what price per share?
- A.Rs 75.99
- B.Rs 108.12
- C.Rs 81
- D.Rs 94.42
Show answer
Answer: C. Rs 81
The winning bid of Rs 81 per share was above the fair-value benchmark of Rs 75.99 per share worked out by two independent valuers. Rs 94.42 was the reserve price fixed in 2025-26. Source: PIB, Government Approves Strategic Restructuring of IDBI Bank Ltd., 14 Oct 2026.
Official source
From Daily Current Affairs Quiz 14 October 2026 · 14 October 2026
Q7.The National Land Monetization Corporation functions under which department?
- A.DIPAM
- B.Department of Public Enterprises
- C.Department of Economic Affairs
- D.Department of Expenditure
Show answer
Answer: B. Department of Public Enterprises
NLMC is under the Department of Public Enterprises, Ministry of Finance (PIB, 13 Oct 2026). Source: PIB, Ministry of Finance, 13 Oct 2026.
Official source
From Daily Current Affairs Quiz 13 October 2026 · 13 October 2026
Q8.By what percentage did Indian Railways' freight loading grow in September 2026 over September 2025?
- A.4.25%
- B.6.14%
- C.9.00%
- D.12.50%
Show answer
Answer: B. 6.14%
Freight loading grew 6.14% to 135.35 MT (PIB, Ministry of Railways, 13 Oct 2026). Source: PIB, Ministry of Railways, 13 Oct 2026.
Official source
From Daily Current Affairs Quiz 13 October 2026 · 13 October 2026
Q9.Until when is the EPFO Amnesty window for regularising PF Trusts open?
- A.31 October 2026
- B.30 November 2026
- C.28 December 2026
- D.31 March 2027
Show answer
Answer: C. 28 December 2026
The six-month Amnesty window expires on 28 Dec 2026 (PIB, Ministry of Labour, 13 Oct 2026). Source: PIB, Ministry of Labour & Employment, 13 Oct 2026.
Official source
From Daily Current Affairs Quiz 13 October 2026 · 13 October 2026
Q10.Where was the North East Bankers' Conclave 3.0 held in October 2026?
- A.Guwahati
- B.Shillong
- C.Aizawl
- D.Itanagar
Show answer
Answer: C. Aizawl
It was held at Mizoram University, Aizawl (PIB, MDoNER, 13 Oct 2026). Source: PIB, Ministry of Development of North-East Region, 13 Oct 2026.
Official source
From Daily Current Affairs Quiz 13 October 2026 · 13 October 2026
Q11.What was all-India CPI inflation (base 2024=100) for September 2026?
- A.4.83%
- B.5.54%
- C.6.08%
- D.7.74%
Show answer
Answer: B. 5.54%
CPI inflation for September 2026 was 5.54% (provisional) (PIB, MoSPI, 12 Oct 2026). Source: PIB, Ministry of Statistics & Programme Implementation, 12 Oct 2026.
Official source
From Daily Current Affairs Quiz 12 October 2026 · 12 October 2026
Q12.How many Second Level Fund Managers were in the first cohort announced under the RDI Fund in October 2026?
- A.14
- B.19
- C.25
- D.50
Show answer
Answer: B. 19
The first cohort has 19 SLFMs: 14 AIFs and 5 FROs (PIB, DST, 12 Oct 2026). Source: PIB, Ministry of Science & Technology, 12 Oct 2026.
Official source
From Daily Current Affairs Quiz 12 October 2026 · 12 October 2026
Q13.Which institute organises the Kautilya Economic Conclave in partnership with the Ministry of Finance?
- A.NIPFP
- B.Institute of Economic Growth
- C.ICRIER
- D.NCAER
Show answer
Answer: B. Institute of Economic Growth
KEC 2026 was organised by the Institute of Economic Growth (IEG) with the Ministry of Finance (PIB, 10 Oct 2026). Source: PIB, Ministry of Finance, 10 Oct 2026.
Official source
From Daily Current Affairs Quiz 10 October 2026 · 10 October 2026
Q14.Which logistics company signed an agreement with the Department of Posts for India Post Parcel services on 9 October 2026?
- A.Delhivery
- B.Blue Dart Express
- C.DTDC
- D.Ecom Express
Show answer
Answer: B. Blue Dart Express
The Department of Posts signed the agreement with Blue Dart Express Ltd (PIB, 9 Oct 2026). Source: PIB, Ministry of Communications, 9 Oct 2026.
Official source
From Daily Current Affairs Quiz 9 October 2026 · 9 October 2026
Q15.The 57th GST Council meeting recommended reducing the general penalty from Rs 25,000 to what amount?
- A.Rs 5,000
- B.Rs 10,000
- C.Rs 15,000
- D.Rs 20,000
Show answer
Answer: B. Rs 10,000
The Council recommended reducing the general penalty from Rs 25,000 to Rs 10,000 (PIB, Ministry of Finance, 8 Oct 2026). Source: PIB, Ministry of Finance, 8 Oct 2026.
Official source
From Daily Current Affairs Quiz 8 October 2026 · 8 October 2026
Q16.The World Development Report 2026, launched in New Delhi in October 2026, is published by which organisation?
- A.IMF
- B.World Bank Group
- C.UNDP
- D.WTO
Show answer
Answer: B. World Bank Group
WDR 2026: The Promise of Artificial Intelligence is a World Bank Group report (PIB, MeitY, 8 Oct 2026). Source: PIB, Ministry of Electronics & IT, 8 Oct 2026.
Official source
From Daily Current Affairs Quiz 8 October 2026 · 8 October 2026
Q17.Where was the fourth India-UK Financial Markets Dialogue held in September 2026?
- A.New Delhi
- B.Mumbai
- C.London
- D.GIFT City
Show answer
Answer: C. London
The 4th FMD took place in London on 29 Sep 2026 (PIB, Ministry of Finance, 7 Oct 2026). Source: PIB, Ministry of Finance, 7 Oct 2026.
Official source
From Daily Current Affairs Quiz 7 October 2026 · 7 October 2026
Q18.Which framework does MoSPI follow for environmental accounting in India?
- A.SNA 2008
- B.SEEA
- C.IFRS
- D.GRI Standards
Show answer
Answer: B. SEEA
MoSPI follows the System of Environmental-Economic Accounting (SEEA), endorsed by the UN Statistical Commission (PIB, 7 Oct 2026). Source: PIB, Ministry of Statistics & Programme Implementation, 7 Oct 2026.
Official source
From Daily Current Affairs Quiz 7 October 2026 · 7 October 2026
Q19.What is the government commitment to the SME Growth Fund approved by the Cabinet on 6 October 2026?
- A.Rs 5,000 crore
- B.Rs 10,000 crore
- C.Rs 15,000 crore
- D.Rs 50,000 crore
Show answer
Answer: B. Rs 10,000 crore
The Cabinet approved a commitment of Rs 10,000 crore towards the SME Growth Fund (PIB, 6 Oct 2026). Source: PIB, Cabinet, 6 Oct 2026.
Official source
From Daily Current Affairs Quiz 6 October 2026 · 6 October 2026
Q20.NABKISAN Finance, which listed India's first WASH-focused social bond in October 2026, is a subsidiary of which institution?
- A.SIDBI
- B.NABARD
- C.EXIM Bank
- D.NHB
Show answer
Answer: B. NABARD
NABKISAN Finance Ltd is a subsidiary of NABARD; it raised Rs 180 crore through the WASH social bond (PIB, 3 Oct 2026). Source: PIB, Ministry of Finance, 3 Oct 2026.
Official source
From Daily Current Affairs Quiz 3 October 2026 · 3 October 2026
Q21.How many mineral blocks were auctioned in Jammu & Kashmir in its first-ever mineral auction (October 2026)?
- A.One
- B.Two
- C.Five
- D.Ten
Show answer
Answer: B. Two
Two mineral blocks in J&K were successfully auctioned through the Ministry of Mines (PIB, 2 Oct 2026). Source: PIB, Ministry of Mines, 2 Oct 2026.
Official source
From Daily Current Affairs Quiz 2 October 2026 · 2 October 2026
Q22.What was the theme of the 5th Kautilya Economic Conclave held in October 2026?
- A.Resilience in an Age of Flux
- B.Seeking Prosperity in a Turbulent World
- C.Building Trust in a Fragmented World
- D.Growth with Stability
Show answer
Answer: A. Resilience in an Age of Flux
KEC 2026 was themed "Resilience in an Age of Flux" (PIB, Ministry of Finance, 1 Oct 2026). Source: PIB, Ministry of Finance, 1 Oct 2026.
Official source
From Daily Current Affairs Quiz 1 October 2026 · 1 October 2026
Q23.Under the October 2026 order, what is the maximum quantity of sugar a dealer (outside Kolkata and Assam) may hold?
- A.500 quintals
- B.1,000 quintals
- C.2,000 quintals
- D.5,000 quintals
Show answer
Answer: B. 1,000 quintals
Dealers may not hold more than 1,000 quintals (2,000 quintals in Kolkata and Assam) from 15 Oct to 30 Nov 2026 (PIB, 1 Oct 2026). Source: PIB, Ministry of Consumer Affairs, Food & Public Distribution, 1 Oct 2026.
Official source
From Daily Current Affairs Quiz 1 October 2026 · 1 October 2026