Economy & Banking Current Affairs Quiz: Practice Questions with Answers

{"id": "cq-economy-banking", "title": "Economy & Banking Current Affairs Quiz: Practice Questions with Answers", "time": 1200, "qs": [{"q": "How much money did retail investors invest in equities in September 2026?", "o": ["Rs 9,500 crore", "Rs 10,572 crore", "Rs 12,000 crore", "Rs 8,750 crore"], "a": 1, "e": "Retail investors poured Rs 10,572 crore into equity shares in September 2026, showing a strong comeback to the market."}, {"q": "The surge in retail buying in September 2026 helped lift which market metric?", "o": ["Government bond yields", "Foreign portfolio investment", "Bank deposits", "Overall market turnover"], "a": 3, "e": "The increased retail participation boosted overall market turnover for the month, indicating higher trading activity."}, {"q": "What does the retail investors’ investment of Rs 10,572 crore in September indicate for the economy?", "o": ["Decline in foreign exchange reserves", "Growing confidence in equity markets", "Increase in agricultural output", "Rise in public sector employment"], "a": 1, "e": "The large inflow shows renewed confidence among individual investors, a trend often asked in economy‑related exams."}, {"q": "Which department launched the Financial Inclusion Saturation Campaign?", "o": ["Reserve Bank of India", "Ministry of Finance", "Department of Financial Services", "NABARD"], "a": 2, "e": "The Department of Financial Services started the nationwide Financial Inclusion Saturation Campaign to reach Gram Panchayats and Urban Local Bodies."}, {"q": "How many Gram Panchayats and Urban Local Bodies are targeted by the Financial Inclusion Saturation Campaign?", "o": ["2.5 lakh", "2.70 lakh", "3 lakh", "2.70 million"], "a": 1, "e": "The campaign aims to reach 2.70 lakh Gram Panchayats and Urban Local Bodies across the country between 21 October and 31 December 2026."}, {"q": "When does the Financial Inclusion Saturation Campaign end?", "o": ["30 November 2026", "31 December 2026", "31 October 2026", "15 December 2026"], "a": 1, "e": "The campaign runs from 21 October to 31 December 2026, aiming to boost banking access and digital payments."}, {"q": "What is the total investment planned by Hero Future Energies for green hydrogen expansion?", "o": ["Rs 2,500 crore", "Rs 3,500 crore", "Rs 4,000 crore", "Rs 5,000 crore"], "a": 2, "e": "Hero Future Energies announced a Rs 4,000 crore investment to set up new green hydrogen production units, storage and supply chain, supporting India's clean‑energy goals."}, {"q": "Which two companies are exploring a possible merger, as announced by Elon Musk?", "o": ["SpaceX and Neuralink", "SpaceX and Tesla", "Tesla and The Boring Company", "Neuralink and The Boring Company"], "a": 1, "e": "Elon Musk stated that SpaceX and Tesla have started exploratory talks about a merger, aiming to understand how their strengths could be combined, though no decision is final."}, {"q": "When did the India‑New Zealand Free Trade Agreement become effective?", "o": ["20 October 2026", "15 October 2026", "1 November 2026", "31 December 2026"], "a": 0, "e": "The agreement started on 20 October 2026, giving duty‑free entry for India on 8,284 tariff lines and new visa provisions."}, {"q": "Which of the following is NOT a feature of the India‑New Zealand FTA announced on 20 October 2026?", "o": ["Duty‑free entry for Indian goods on 8,284 tariff lines", "New visa rules for Indian citizens", "Enhanced market access for services", "A joint military exercise programme"], "a": 3, "e": "The agreement includes trade and visa benefits, but no mention of a joint military exercise programme."}, {"q": "How many tariff lines will enjoy duty‑free entry for Indian goods in New Zealand under the new FTA?", "o": ["5,000", "6,500", "8,284", "10,000"], "a": 2, "e": "The deal grants duty‑free access on 8,284 tariff lines, a key benefit for Indian exporters."}, {"q": "What was the main driver behind Union Bank's profit surge in Q2?", "o": ["Increase in foreign exchange earnings", "Higher tax refunds", "Sale of non‑core assets", "20% rise in net interest income"], "a": 3, "e": "The profit jump was largely due to a 20% increase in net interest income, reflecting stronger loan growth and better asset quality."}, {"q": "What is the minimum business turnover for Multi‑State Co‑operative Societies to be audited as per the Ministry of Cooperation order?", "o": ["Rs 1,000 crore", "Rs 500 crore", "Rs 2,000 crore", "Rs 750 crore"], "a": 0, "e": "The Ministry of Cooperation mandates risk‑based audits for societies with business exceeding Rs 1,000 crore."}, {"q": "What was the percentage increase in Union Bank's net profit in Q2 FY 2026‑27?", "o": ["20%", "31%", "15%", "25%"], "a": 1, "e": "Union Bank reported a 31% year‑on‑year rise in net profit for the second quarter, reaching Rs 5,781 crore."}, {"q": "By what percentage did Indian fuel exports to sanctioned nations increase, as reported on 18 October 2026?", "o": ["25%", "43%", "60%", "15%"], "a": 1, "e": "Data showed a 43% rise in fuel shipments from Indian refiners to countries that have sanctioned Moscow, compared with the previous period."}, {"q": "What sector did the 43% increase in Indian exports pertain to?", "o": ["Textiles", "Fuel", "Pharmaceuticals", "Electronics"], "a": 1, "e": "The rise was in fuel shipments from Indian refiners to nations that have sanctioned Moscow, marking a 43% jump."}, {"q": "How much capital expenditure does Avaada Energy plan for its green ammonia and methanol plants?", "o": ["Rs 2,563 crore", "Rs 3,350 crore", "Rs 4,106 crore", "Rs 40,000 crore"], "a": 3, "e": "Avaada Energy announced on 17 October 2026 a capex of Rs 40,000 crore to set up green ammonia and methanol production units, using renewable energy to create low‑carbon fuels."}, {"q": "Which five states were given permanent seats in the new 12‑state GST Standing Committee?", "o": ["Karnataka, Maharashtra, Uttar Pradesh, Gujarat, Tamil Nadu", "Kerala, Maharashtra, Uttar Pradesh, Gujarat, Tamil Nadu", "Karnataka, Maharashtra, Bihar, Gujarat, Tamil Nadu", "Karnataka, Maharashtra, Uttar Pradesh, Rajasthan, Tamil Nadu"], "a": 0, "e": "The permanent members are Karnataka, Maharashtra, Uttar Pradesh, Gujarat and Tamil Nadu as per the announcement on 16 October 2026."}, {"q": "Which tax on diesel exports was reduced by the Central Government on 16 October 2026?", "o": ["Service tax", "Excise duty", "Customs duty", "Windfall tax"], "a": 3, "e": "The government cut the windfall tax on diesel exports while raising the petrol levy."}, {"q": "What change was made to the petrol levy on 16 October 2026?", "o": ["It was decreased", "It was increased", "It was kept unchanged", "It was abolished"], "a": 1, "e": "Alongside cutting the diesel export windfall tax, the government raised the levy on petrol."}]}