Score: 0 / 40
Attempted: 0
Remaining: 40
Correct: 0
Wrong: 0
1. Under the RBI’s revamped Integrated Ombudsman Scheme effective from July 1, 2026, what is the maximum compensation allowed for loss of time, expenses, harassment, and mental anguish?
Explanation: The revamped scheme allows an Ombudsman to pass an award directing compensation of up to ₹30 lakh for consequential losses and up to ₹3 lakh for loss of time, expenses, harassment, and mental anguish[cite: 1].
2. The World Bank plans to phase out its lending to China completely by which year under its new five-year country partnership framework?
Explanation: The World Bank plans to end its lending to China by 2031. The new framework will limit lending to $2 billion between now and 2031, ending thereafter[cite: 1].
3. Starting from the June quarter of FY27, the Ministry of Statistics and Programme Implementation (MoSPI) will introduce which index as the deflator for calculating real GDP?
Explanation: MoSPI will introduce the output Producer Price Index (PPI) as the deflator for calculating real GDP, replacing the traditionally used Wholesale Price Index (WPI)[cite: 1].
4. How much overseas funding is ICICI Bank planning to raise through dollar bonds under its GMTN programme, marking its first benchmark-sized dollar issuance since 2017?
Explanation: ICICI Bank plans to raise $500 million through overseas dollar bonds utilizing the RBI’s concessional swap window[cite: 1].
5. Which state-owned financial institution emerged as the largest corporate bond issuer recently by raising ₹8,000 crore at a cutoff yield of 7.16%?
Explanation: NABARD was the largest issuer, raising ₹8,000 crore at a cutoff yield of 7.16%, followed by IIFCL which raised ₹1,848 crore[cite: 1].
6. Which large private sector bank reported the strongest growth in Q1FY27, with advances growing 18.8% YoY and deposits rising 18.2%?
Explanation: Axis Bank reported the strongest growth among large private banks in Q1FY27, with advances rising 18.8% year-on-year to ₹12.73 trillion and deposits growing 18.2% to ₹13.73 trillion[cite: 1].
7. Which is the only domestic bank participating in the 11-bank global loan syndication to finance Sun Pharma’s $11.75 billion acquisition of Organon & Co.?
Explanation: State Bank of India (SBI) is the only domestic bank to participate in a loan syndication of 11 global banks financing Sun Pharma’s outbound deal[cite: 1].
8. According to the RBI’s Financial Stability Report, what was the gross NPA ratio for unsecured retail loans at the end of March 2026?
Explanation: Gross NPA ratios in secured and unsecured retail loans stood at 0.7% and 1.7% respectively as of end-March 2026[cite: 1].
9. India’s fiscal deficit widened to ₹1.62 trillion in April-May. This accounts for what percentage of the FY27 full-year Budget Estimate (BE)?
Explanation: The government’s fiscal deficit widened sharply to ₹1.62 trillion in April-May, accounting for 9.6% of the Budget Estimate (BE) of ₹16.96 trillion for FY27[cite: 1].
10. RBI has revised the norms for NBFCs and HFCs seeking voluntary surrender of their Certificate of Registration (CoR). The applications must now be submitted through which portal?
Explanation: NBFCs and HFCs intending to surrender their registration must submit the revised application along with prescribed documents through the PRAVAAH portal[cite: 1].
11. Gross GST collections rose 14% year-on-year in June 2026 to reach approximately what amount?
Explanation: Gross GST collections rose 14% year-on-year to about ₹1.95 trillion, driven by higher revenues from domestic transactions and imports[cite: 1].
12. TPG and GIC partnered with ICICI Bank to acquire a 100% stake in Aseem Infrastructure Finance. What percentage of stake will ICICI Bank hold?
Explanation: ICICI Bank will hold up to a 5% stake in Aseem Infrastructure, a sustainable infrastructure debt financier[cite: 1].
13. According to data from the National Statistics Office (NSO), India’s unemployment rate fell to an 8-year low of what percentage in 2025?
Explanation: India’s unemployment rate declined to an eight-year low of 3.1% in 2025, per state-level data released by the NSO[cite: 1].
14. Bharti Airtel’s subsidiary Airtel Money commenced commercial operations under which NBFC licence category from the RBI?
Explanation: Airtel Money commenced commercial operations as a Type II non-deposit accepting NBFC-ND-ICC[cite: 1].
15. What is the name of the AI-powered virtual assistant launched by SBI on its 71st Bank Day to provide 24×7 support on YONO Business platforms?
Explanation: SBI introduced new digital banking features, including YONO Ji, an AI-powered virtual assistant providing 24×7 support[cite: 1].
16. Kakinada Cooperative Town Bank attained Tier-III UCB status under RBI norms after its total deposits crossed what milestone?
Explanation: The bank attained Tier-III status after its total deposits crossed ₹2,000 crore, while maintaining zero net NPAs[cite: 1].
17. For Q2 FY27, the government kept Small Savings Scheme interest rates unchanged. This marks how many consecutive quarters without revision?
Explanation: This marks the ninth consecutive quarter without any revision in small savings interest rates[cite: 1].
18. Which in-house HR application was launched by Punjab & Sind Bank on its 119th Foundation Day to streamline employee services?
Explanation: The bank launched the Navjyoti Mobile App, an in-house HR application designed to streamline employee services and enhance workforce efficiency[cite: 1].
19. Bank of Baroda (BoB) entered into a strategic partnership with which global bank to strengthen collaboration in Mergers and Acquisitions (M&A) financing?
Explanation: Bank of Baroda entered into a strategic partnership with Japan’s Mizuho Bank to strengthen collaboration in M&A financing and related services[cite: 1].
20. Under NPCI’s partnership to boost cross-border UPI payments, which entity will provide real-time FX rates through direct API integration?
Explanation: HSBC India will provide real-time FX rates through direct API integration, while JP Morgan Payments will support multi-currency settlement[cite: 1].
21. Kotak Mahindra Bank announced the acquisition of Deutsche Bank’s India retail, private banking, and wealth management business for what amount?
Explanation: Kotak Mahindra Bank announced the acquisition for ₹281.7 crore, taking over around ₹29,000 crore in loans and ₹16,000 crore in deposits[cite: 1].
22. How much funding is JBIC providing as part of POWERGRID’s JPY 80 billion green loan for the Khavda-Nagpur HVDC transmission project?
Explanation: Japan Bank for International Cooperation (JBIC) will provide JPY 48 billion, with the balance co-financed by Japanese banks[cite: 1].
23. Retail inflation breached the RBI’s 4% target for the first time since January 2025. What was the retail inflation rate recorded in June 2026?
Explanation: Retail inflation rose to 4.38% in June from 3.93% in May, breaching the RBI’s medium-term target of 4%[cite: 1].
24. What is the effective date for RBI’s amended directions requiring bank boards to define matters reserved for their approval and focus more on risk governance?
Explanation: RBI issued amended directions requiring bank boards to define matters reserved for their approval, effective from October 1, 2026[cite: 1].
25. Under RBI’s proposed one-time approval mechanism for MFs and insurers, the pre-approval will cover future bank shareholding acquisitions up to what limit?
Explanation: The one-time approval will cover future acquisitions of up to 10% of the paid-up share capital or voting rights in the same bank[cite: 1].
26. According to the data mentioned in the RBI report, how many crypto traders are there in India holding about $2.1 billion in digital assets as of May 2026?
Explanation: India has nearly 39 million crypto traders holding about $2.1 billion in digital assets as of May 2026[cite: 1].
27. Wholesale Price Index (WPI) inflation rose to a series-high in June 2026 due to a broad-based increase in food prices. What was the recorded WPI rate?
Explanation: WPI inflation rose to a series-high of 9.87% in June, up from 9.68% in May, driven by food and primary article prices[cite: 1].
28. Bank credit grew by what percentage year-on-year in the fortnight ended June 27, 2026, marking a two-year high?
Explanation: Bank credit grew 18.6% year-on-year in the fortnight ended June 27, 2026, the highest growth recorded in the last two years[cite: 1].
29. Bank of Baroda revised India’s FY27 GDP growth forecast upward by 40 basis points to which range?
Explanation: Bank of Baroda revised India’s FY27 GDP growth forecast upward to 6.6-6.8%, citing lower crude prices and improved monsoons[cite: 1].
30. What is the name of the national-level cybersecurity hackathon launched by Bank of Maharashtra?
Explanation: Bank of Maharashtra (BOM) launched ‘FinSpark’26’, a national-level cybersecurity hackathon themed “Securing the Future of Banking”[cite: 1].
31. AU Small Finance Bank partnered with Zaggle to launch a co-branded retail credit card through which platform?
Explanation: The AU Zaggle Co-Branded Retail Credit Card was launched on the Visa and RuPay networks through the zagg.money platform[cite: 1].
32. Financial Intelligence Unit-India (FIU-IND) was named runner-up at the Best Egmont Case Award (BECA) 2026 for uncovering a cyber fraud network worth how much?
Explanation: FIU-IND uncovered an ₹868 crore cyber fraud and money laundering network involving mule accounts and cryptocurrency[cite: 1].
33. With the launch of CITES 2.01, EPFO raised the auto-settlement limit for eligible advance claims to what amount for fully KYC-compliant members?
Explanation: The auto-settlement limit for eligible advance claims has been raised from ₹1 lakh to ₹5 lakh for fully KYC-compliant members[cite: 1].
34. S&P Global Ratings assigned Federal Bank its first international issuer credit rating. What is the long-term rating grade?
Explanation: S&P Global Ratings has assigned Federal Bank its first international issuer credit rating of BBB-/Stable for the long term[cite: 1].
35. State Bank of India (SBI) sold what percentage of stake in SBI Funds Management Ltd. via pre-IPO placement for ₹1,655 crore?
Explanation: State Bank of India (SBI) sold a 1.42% stake in SBI Funds Management Ltd. for ₹1,655 crore through a pre-IPO placement[cite: 1].
36. Under the new RBI prudential framework effective October 1, 2026, banks must sell off immovable assets acquired from bad loans within what maximum period?
Explanation: RBI has directed banks to sell off immovable assets acquired from bad loans via public auction within a maximum period of seven years[cite: 1].
37. The RBI’s Financial Inclusion (FI) Index improved to 70 in FY26. Which sub-index has the highest weightage (45%) in this index?
Explanation: The increase was mainly driven by higher “Usage” of financial services, which has the highest weightage (45%) in the index[cite: 1].
38. Banks offering Special Rupee Vostro Accounts (SRVAs) must periodically update their account details in the directory published by which association?
Explanation: Banks must periodically update details of these accounts in the SRVA directory published by FEDAI (Foreign Exchange Dealers’ Association of India)[cite: 1].
39. The RBI conducted two Variable Rate Repo (VRR) auctions after the banking system’s liquidity surplus fell below which amount?
Explanation: The RBI conducted VRR auctions after the banking system’s liquidity surplus fell below ₹1 trillion to ₹83,196 crore[cite: 1].
40. By what date has the Finance Ministry mandated Public Sector Banks (PSBs) to achieve their assigned FCNR (B) deposit mobilisation targets?
Explanation: The finance ministry has given targets to be achieved by September 30, the deadline for RBI’s concessional swap scheme[cite: 1].