Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 11th & 12th October 2026. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2026 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) Which of the following statements regarding the GST registration reforms recommended by the 57th GST Council Meeting is/are correct?

1. Under Rule 14A of the CGST Rules, 2017, eligible taxpayers who do not intend to pass on ITC exceeding ₹2.5 lakh per month can receive automatic GST registration without officer intervention, subject to prescribed conditions.
2. Under the recommended amendment to Rule 19, registration amendments relating to the Principal Place of Business (PPoB) will generally be accepted automatically for all taxpayers.
3. The Council recommended introducing Rule 14B to simplify GST registration for eligible small sellers supplying goods through ECOs in States/UTs where they have no physical presence.

(a) 1 only

(b) 2 only

(c) 1 and 3 only

(d) 2 and 3 only

(e) All the above

2) Which of the following statements regarding the recommendations of the GST Council is/are correct?

1. An option to pay GST at 5% with restricted ITC was recommended for eligible passenger transport and rental services of motor vehicles with operators using electric vehicles, where battery-charging costs are included in the consideration.
2. Sublimation paper is to be classified under Heading 4809, with past cases to be regularised on an “as is where is” basis.
3. Taxpayers will be given an opportunity to file objections and receive a personal hearing before blocking amounts in the electronic credit ledger under Rule 86A.

(a) 1 only

(b) 2 only

(c) 1 and 2 only

(d) 1 and 3 only

(e) All the above

3) Under the RBI’s new foreign exchange reporting framework effective from 1 October 2026, within what period must exporters file the Export Declaration Form (EDF)?

(a) Within 7 days from the invoice date

(b) Within 15 days from the invoice date

(c) Within 45 days from the end of the invoice month

(d) Within 30 days from the end of the invoice month

(e) Within 60 days from the invoice date

 

4) What is the name of the statement in which SEBI-regulated depositories will be facilitated to include bank deposit account information, enabling demat account holders to view their securities holdings and bank deposits in one place?

(a) Centralised Investment Statement (CIS)

(b) Consolidated Account Statements (CAS)

(c) Unified Financial Statement (UFS)

(d) Integrated Deposit Statement (IDS)

(e) Common Securities Statement (CSS)

5) Which of the following statements regarding India’s foreign trade in August 2026 is/are correct?

1. India’s merchandise exports increased by 26% year-on-year to USD 43.81 billion.
2. India’s merchandise imports increased by 14% year-on-year to USD 70.67 billion.
3. India’s merchandise trade deficit widened to USD 32 billion in August 2026.

(a) 1 only

(b) 2 only

(c) 1 and 2 only

(d) 1 and 3 only

(e) All the above

6) According to the Central Board of Direct Taxes (CBDT), what was India’s net direct tax collection between 1 April and 17 September 2026?

(a) ₹12.12 lakh crore

(b) ₹11.32 lakh crore

(c) ₹10.12 lakh crore

(d) ₹14.32 lakh crore

(e) ₹16.16 lakh crore

7) Which of the following recorded a surplus of USD 20.8 billion in India in July 2026, according to preliminary data released by the Reserve Bank of India (RBI)?

(a) Current Account Balance (CAB)

(b) Balance of Payments (BoP)

(c) Merchandise Trade Balance (MTB)

(d) Capital Account Balance (KAB)

(e) Net Services Exports (NSE)

8) In news, Airtel Money, the mobile payments and financial services business of Airtel Africa, is listed on which stock exchange under the ticker symbol “AMC”?

(a) New York Stock Exchange (NYSE)

(b) National Stock Exchange (NSE)

(c) London Stock Exchange (LSE)

(d) Hong Kong Stock Exchange (HKEX)

(e) Singapore Exchange (SGX)

9) Which organisation unveiled FiMi Banking, India’s first sovereign compact AI model designed for Indian retail banking use cases, at the Global Fintech Festival (GFF) 2026?

(a) Reserve Bank of India (RBI)

(b) National Payments Corporation of India (NPCI)

(c) Securities and Exchange Board of India (SEBI)

(d) Indian Banks’ Association (IBA)

(e) National Bank for Agriculture and Rural Development (NABARD)

 

10) How many permissible works were notified under the Schedule of Permissible Works of the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025 (VB–G RAM G Act)?

(a) 266

(b) 300

(c) 350

(d) 375

(e) 400

11) Which of the following was the date of the Supreme Court of India’s order cancelling FIRs registered against protesters of the 20 July protest organised by the Cockroach Janta Party (CJP), except those involving individuals with criminal antecedents?

(a) 20 July

(b) 1 September

(c) 25 July

(d) 1 October

(e) 20 September

12) Where was India’s first high-altitude wildlife safari launched, with six specially designed open-back vehicles to provide visitors access to snow leopard habitats?

(a) Himachal Pradesh

(b) Uttarakhand

(c) Sikkim

(d) Ladakh

(e) Arunachal Pradesh

13) What did the Unique Identification Authority of India (UIDAI) introduce to revise the procedure for updating names in Aadhaar on 18 September 2026?

(a) Standard Registration Framework (SRF)

(b) Revised Verification Guidelines (RVG)

(c) Aadhaar Update Regulation (AUR)

(d) Uniform Identity Protocol (UIP)

(e) Standard Operating Procedure (SOP)

14) Which company developed the first phase of Noida International Airport through its subsidiary, in association with Noida International Airport Limited?

(a) Adani Airports Holdings Limited

(b) GMR Airports Limited

(c) Yamuna International Airport Private Limited

(d) Airports Authority of India

(e) Zurich Airport International AG directly

15) Which scheme was approved by the West Bengal government to provide ₹50,000 in financial assistance to unmarried women pursuing higher education for three years?

(a) Bhagini Nivedita Scheme

(b) Rupashree Scheme

(c) Kanyashree Prakalpa

(d) Swami Vivekananda Merit-cum-Means Scholarship

(e) Lakshmir Bhandar Scheme

16) What is the proposed capacity of the cross-border electricity interconnection project being explored by India and Singapore under the ASEAN Power Grid initiative?

(a) 500 MW

(b) 1,000 MW

(c) 1,500 MW

(d) 2,000 MW

(e) 3,000 MW

17) Which award will be conferred on Indian pilot Captain Smit Machchhar by Israeli President Isaac Herzog for saving the lives of 174 passengers and crew members?

(a) Israel Prize for Civilian Service

(b) Presidential Medal of Freedom

(c) State of Israel’s Presidential Award for Civilian Heroism

(d) Israel Defence Award for Bravery

(e) Presidential Award for International Courage

 

18) Where was the Memorandum of Understanding (MoU) between the Indian Olympic Association (IOA) and the Korean Sport & Olympic Committee (KSOC) signed during the 2026 Asian Games?

(a) Olympic House, Seoul, South Korea

(b) Korea House, Nagoya, Japan

(c) India House, Tokyo, Japan

(d) Sports Centre, Busan, South Korea

(e) Asian Games Village, Jakarta, Indonesia

19) According to the World Bank’s report India and Artificial Intelligence: Seizing the Development Opportunity, how much did private investment in AI in India reach in 2025?

(a) ₹10,604.40 crore

(b) ₹18,231.70 crore

(c) ₹26,231.70 crore

(d) ₹36,231.70 crore

(e) ₹46,231.70 crore

20) Who will serve as the flag bearers for the Indian contingent at the opening ceremony of the 5th Asian Para Games, scheduled to be held in Nagoya, Japan, from 18 to 24 October 2026?

(a) Devendra Jhajharia and Bhavina Patel

(b) Pramod Bhagat and Bhavina Patel

(c) Pramod Bhagat and Devendra Jhajharia

(d) Bhavina Patel and Raksha Nikhil Khadse

(e) Mansukh Mandaviya and Pramod Bhagat

21) In news, Bestselling British Author and Former Politician Jeffrey Archer Passed away at 86. Which was the final novel of British novelist and former politician Jeffrey Archer, published globally on 6 October 2026?

(a) Kane and Abel

(b) The Prodigal Daughter

(c) Adam and Eve

(d) A Prisoner of Birth

(e) Not a Penny More, Not a Penny Less

22) On which date was World Egg Day observed in 2026, marking the 30th anniversary of the global observance?

(a) 9 October 2026

(b) 11 October 2026

(c) 10 October 2026

(d) 16 October 2026

(e) 23 October 2026

 

23) What was the official theme of World Post Day 2026, celebrated annually on 9 October?

(a) Connecting People, Building Trust

(b) One World, One Postal Network

(c) Innovation and Inclusion Through Postal Services

(d) Postal Services for a Sustainable Future

(e) World Post Day: One Postal Network, Infinite Possibilities

24) In which Indian state Okhla Bird Sanctuary is located?

(a) Haryana

(b) Uttar Pradesh

(c) Rajasthan

(d) Madhya Pradesh

(e) Uttarakhand

25) Who is the Chief Minister of West Bengal, according to the given information?

(a) Mamata Banerjee

(b) Babul Supriyo

(c) Dilip Ghosh

(d) Suvendu Adhikari

(e) Jagdeep Dhankhar

Answers:

1) Answer: C

Short Explanation:

The 57th Goods and Services Tax (GST) Council Meeting was held in New Delhi under the chairpersonship of Union Finance and Corporate Affairs Minister Nirmala Sitharaman.

The 56th GST Council Meeting had focused on Next-Gen GST reforms and rate rationalisation, while the 57th meeting primarily focused on process and compliance reforms.

Under Rule 14A of the CGST Rules, 2017, eligible taxpayers who do not intend to pass on ITC exceeding ₹2.5 lakh per month can receive automatic GST registration without officer intervention, subject to prescribed conditions.

Under the recommended amendment to Rule 19 of the CGST Rules, 2017, amendments to registration particulars will generally be accepted automatically, except those relating to the Principal Place of Business (PPoB); eligible taxpayers registered under Rule 14A can receive automatic acceptance for all particulars, including PPoB.

The Council recommended introducing Rule 14B of the CGST Rules, 2017 to simplify GST registration for eligible small sellers supplying goods through Electronic Commerce Operators (ECOs) in States/UTs where they have no physical presence.

Detailed Explanation:

The 57th Goods and Services Tax (GST) Council Meeting was held in New Delhi under the chairpersonship of Union Finance and Corporate Affairs Minister Nirmala Sitharaman.

The GST Council focused on process reforms, registration, return filing, refunds, dispute resolution, Input Tax Credit (ITC), ease of doing business, and GST rate clarifications.

The 56th GST Council Meeting had focused on Next-Gen GST reforms and rate rationalisation, while the 57th meeting primarily focused on process and compliance reforms.

Under Rule 14A of the CGST Rules, 2017, eligible taxpayers who do not intend to pass on ITC exceeding ₹2.5 lakh per month can receive automatic GST registration without officer intervention, subject to prescribed conditions.

The GST Council recommended clearer registration guidelines, FORM GST REG-01 improvements, document-selection drop-downs, and a user-friendly GST portal to reduce application rejections.

Under the recommended amendment to Rule 19 of the CGST Rules, 2017, amendments to registration particulars will generally be accepted automatically, except those relating to the Principal Place of Business (PPoB); eligible taxpayers registered under Rule 14A can receive automatic acceptance for all particulars, including PPoB.

The Council recommended a phased system for automatic cancellation of GST registration through FORM GST REG-16, subject to filing pending returns and paying outstanding dues.

The Council recommended introducing Rule 14B of the CGST Rules, 2017 to simplify GST registration for eligible small sellers supplying goods through Electronic Commerce Operators (ECOs) in States/UTs where they have no physical presence.

 

2) Answer: E

Short Explanation:

The Council recommended that goods-carrying vehicles may be intercepted only on the basis of specific intelligence and with authorization from an officer not below the rank of Joint Commissioner, subject to the proposed amendments.

Under the proposed e-way bill reforms, inspection and detention action would generally be restricted in transit States, with specified exceptions, including cases where an e-way bill or required documents are absent.

The Council recommended providing taxpayers an opportunity to file objections and receive a personal hearing before a decision is taken on blocking amounts in the electronic credit ledger under Rule 86A.

Sublimation paper is to be classified under Heading 4809, with past cases to be regularised on an “as is where is” basis.

GST rate-schedule entries relating to toys under Heading 9503 are clarified to cover other categories of toys, including dolls and puzzles, and not only tricycles, scooters and pedal cars.

Eligible seaweed-extract-based bio-stimulants registered under the prescribed fertiliser-control framework are to be classified under Heading 3101 as fertilisers.

The Council recommended an option to pay GST at 5% with restricted ITC on eligible passenger transport and rental services of motor vehicles with operators using electric vehicles, where battery-charging costs are included in the consideration.

Detailed Explanation:

The Council recommended that goods-carrying vehicles may be intercepted only on the basis of specific intelligence and with authorization from an officer not below the rank of Joint Commissioner, subject to the proposed amendments.

Under the proposed e-way bill reforms, inspection and detention action would generally be restricted in transit States, with specified exceptions, including cases where an e-way bill or required documents are absent.

The Council recommended providing taxpayers an opportunity to file objections and receive a personal hearing before a decision is taken on blocking amounts in the electronic credit ledger under Rule 86A.

A waiver of late fees was recommended for eligible taxpayers with annual turnover up to ₹5 crore in the preceding financial year, if the delayed return is filed by the end of the month in which it was due.

The Council approved in principle an optional Annual Return Quarterly Payment (ARQP) scheme for taxpayers with aggregate turnover up to ₹5 crore in the preceding financial year who deal exclusively in Business-to-Consumer (B2C) supplies.

The Council recommended extending e-invoicing to specified imports of services and domestic supplies received from unregistered persons under the Reverse Charge Mechanism (RCM) for taxpayers with annual aggregate turnover of ₹5 crore or more.

The Council recommended clarifying the GST liability of Electronic Commerce Operators (ECOs) for notified services under Section 9(5) of the CGST Act, 2017.

The Council recommended amendments to align provisions governing the GST Appellate Tribunal (GSTAT) with the Tribunals Reforms Act, 2026 and related tribunal rules.

GST Rate and Classification Clarifications – Goods

Sublimation paper is to be classified under Heading 4809, with past cases to be regularised on an “as is where is” basis.

GST rate-schedule entries relating to toys under Heading 9503 are clarified to cover other categories of toys, including dolls and puzzles, and not only tricycles, scooters and pedal cars.

Eligible seaweed-extract-based bio-stimulants registered under the prescribed fertiliser-control framework are to be classified under Heading 3101 as fertilisers.

Under the GST margin scheme for second-hand vehicles, ITC may be availed on eligible inputs and input services, such as repairs, maintenance and advertising, while the restriction applies to tax paid on the procured second-hand vehicles.

Specified plastic waste, electrical and electronic waste, tyre scrap, and used cooking oil supplied by an unregistered person to a registered person are proposed to be brought under RCM, subject to the prescribed conditions.

TDS at 2% is proposed for specified waste and scrap supplied by a registered person to another registered person under B2B transactions.

Psyllium seeds (Isabgol) are to attract a NIL GST rate, whether fresh, chilled, frozen or dried.

GST treatment of retreaded tractor tyres is to be aligned with the treatment applicable to new tractor tyres.

The Council recommended exempting specified Compensation Cess not levied by Canteen Stores Departments (CSDs) on two-wheelers, four-wheelers and aerated drinks during the specified historical periods.

GST Rate and Exemption Clarifications – Services

The Council recommended an option to pay GST at 5% with restricted ITC on eligible passenger transport and rental services of motor vehicles with operators using electric vehicles, where battery-charging costs are included in the consideration.

Eligible delivery services supplied through Electronic Commerce Operators, excluding courier and postal services, are proposed to attract GST at 5% without ITC, subject to prescribed conditions.

The Council recommended clarifying the GST treatment of recoveries such as registration charges, road tax, insurance, and FASTag charges in motor vehicle leasing transactions.

3) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) introduced a new foreign exchange reporting framework, effective 1 October 2026, to improve monitoring of India’s non-software services exports.

Under the new Foreign Exchange Management Act (FEMA) Regulations, service exporters must submit an Export Declaration Form (EDF) to their Authorised Dealer (AD) bank.

Software exporters must submit the EDF through the Software Technology Parks of India (STPI).

Exporters must file the EDF within 30 days from the end of the invoice month.

An Export Declaration Form (EDF) is a mandatory form used to declare the value of exported services for foreign exchange reporting to the RBI.

Detailed Explanation:

The Reserve Bank of India (RBI) introduced a new foreign exchange reporting framework, effective 1 October 2026, to improve monitoring of India’s non-software services exports.

Under the new Foreign Exchange Management Act (FEMA) Regulations, service exporters must submit an Export Declaration Form (EDF) to their Authorised Dealer (AD) bank.

Software exporters must submit the EDF through the Software Technology Parks of India (STPI).

Exporters must file the EDF within 30 days from the end of the invoice month.

An Export Declaration Form (EDF) is a mandatory form used to declare the value of exported services for foreign exchange reporting to the RBI.

The new framework replaces the earlier SOFTEX form with the EDF for software exporters, making it a transition in reporting requirements for the software export sector.

Freelancers, consultants, and small service firms face new documentation and filing requirements under the framework.

The RBI introduced a ₹10 lakh threshold per bill for eligible small service enterprises and firms that do not qualify as individuals, allowing them to opt for a simplified self-declaration route along with the invoice.

4) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) announced interoperability among Non-Banking Financial Companies–Account Aggregators (NBFC-AAs) on 7 October 2026 to improve customer convenience and enable seamless sharing of financial information.

Account Aggregators (AAs) are RBI-regulated entities that facilitate the digital sharing of customers’ financial information between Financial Information Providers (FIPs) and Financial Information Users (FIUs) based on the customer’s consent.

The RBI announced that SEBI-regulated depositories will be facilitated to include bank deposit account information in Consolidated Account Statements (CAS).

The proposed CAS facility will enable demat account holders to view their securities holdings and bank deposit information in one place.

Detailed Explanation:

The Reserve Bank of India (RBI) announced interoperability among Non-Banking Financial Companies–Account Aggregators (NBFC-AAs) on 7 October 2026 to improve customer convenience and enable seamless sharing of financial information.

Account Aggregators (AAs) are RBI-regulated entities that facilitate the digital sharing of customers’ financial information between Financial Information Providers (FIPs) and Financial Information Users (FIUs) based on the customer’s consent.

Interoperability will allow customers to use any NBFC-Account Aggregator of their choice, even when their bank or financial institution is connected to a different aggregator, reducing platform-related barriers.

The initiative is expected to improve credit assessment, accelerate loan approvals, and promote financial inclusion, particularly for self-employed individuals and borrowers in underserved segments.

The RBI announced that SEBI-regulated depositories will be facilitated to include bank deposit account information in Consolidated Account Statements (CAS).

The proposed CAS facility will enable demat account holders to view their securities holdings and bank deposit information in one place.

 

5) Answer: C

Short Explanation:

According to the Department of Commerce, India’s merchandise trade deficit eased to a five-month low of USD 26.86 billion in August 2026, compared with USD 27.22 billion in August 2025 and USD 32 billion in July 2026.

India’s merchandise exports rose 26% year-on-year (YoY) to USD 43.81 billion in August 2026, recording their fastest growth since June 2022.

India’s merchandise imports increased 14% YoY to USD 70.67 billion in August 2026.

India’s services exports were estimated at USD 38.87 billion in August 2026, registering nearly 25% YoY growth.

India’s services imports were estimated to have increased 37% YoY to USD 21.42 billion, resulting in an estimated services trade surplus of USD 17.45 billion.

The Reserve Bank of India (RBI) was expected to release the final services trade data later in September 2026.

Detailed Explanation:

According to the Department of Commerce, India’s merchandise trade deficit eased to a five-month low of USD 26.86 billion in August 2026, compared with USD 27.22 billion in August 2025 and USD 32 billion in July 2026.

India’s merchandise exports rose 26% year-on-year (YoY) to USD 43.81 billion in August 2026, recording their fastest growth since June 2022.

India’s merchandise imports increased 14% YoY to USD 70.67 billion in August 2026.

India’s services exports were estimated at USD 38.87 billion in August 2026, registering nearly 25% YoY growth.

India’s services imports were estimated to have increased 37% YoY to USD 21.42 billion, resulting in an estimated services trade surplus of USD 17.45 billion.

The Reserve Bank of India (RBI) was expected to release the final services trade data later in September 2026.

Engineering goods exports increased nearly 24% YoY to USD 12.32 billion in August 2026.

Electronic goods exports nearly doubled to USD 5.55 billion in August 2026, compared with USD 2.93 billion in August 2025.

Petroleum product exports increased 63% YoY to USD 6.81 billion in August 2026.

Organic and inorganic chemical exports rose a little over 16% YoY to USD 2.80 billion in August 2026.

India’s crude oil imports increased nearly 26% YoY to USD 16.69 billion in August 2026.

Electronic goods imports jumped nearly 41% YoY to USD 13.66 billion in August 2026.

6) Answer: A

Short Explanation:

According to the Central Board of Direct Taxes (CBDT), India’s net direct tax collection increased by 13% to over ₹12.12 lakh crore between 1 April and 17 September 2026 in the current financial year.

Gross direct tax collection grew by 15% to over ₹14.32 lakh crore during the same period.

Corporate tax collection increased by 19.48% to approximately ₹5.56 lakh crore between 1 April and 17 September 2026.

Detailed Explanation:

According to the Central Board of Direct Taxes (CBDT), India’s net direct tax collection increased by 13% to over ₹12.12 lakh crore between 1 April and 17 September 2026 in the current financial year.

Gross direct tax collection grew by 15% to over ₹14.32 lakh crore during the same period.

Corporate tax collection increased by 19.48% to approximately ₹5.56 lakh crore between 1 April and 17 September 2026.

Non-corporate tax collection, which includes taxes paid by individuals and Hindu Undivided Families (HUFs), rose by 6% to over ₹6.16 lakh crore during the same period.

Securities Transaction Tax (STT) collection increased by 53% to ₹40,214 crore between 1 April and 17 September 2026.

Income tax refunds issued increased by 29.19% to over ₹2.20 lakh crore up to 17 September 2026.

7) Answer: B

Short Explanation:

According to the Reserve Bank of India (RBI), India recorded a Current Account Deficit (CAD) of USD 7 billion in July 2026, compared with a deficit of USD 3.2 billion in July 2025, according to preliminary Balance of Payments (BoP) data.

India’s Balance of Payments (BoP) recorded a surplus of USD 20.8 billion in July 2026, compared with a surplus of USD 0.3 billion in July 2025.

During April–July FY2026–27 (FY27), India’s Current Account Deficit widened to USD 11.2 billion, compared with USD 6.6 billion during the corresponding period of FY26.

Detailed Explanation:

According to the Reserve Bank of India (RBI), India recorded a Current Account Deficit (CAD) of USD 7 billion in July 2026, compared with a deficit of USD 3.2 billion in July 2025, according to preliminary Balance of Payments (BoP) data.

India’s Balance of Payments (BoP) recorded a surplus of USD 20.8 billion in July 2026, compared with a surplus of USD 0.3 billion in July 2025.

During April–July FY2026–27 (FY27), India’s Current Account Deficit widened to USD 11.2 billion, compared with USD 6.6 billion during the corresponding period of FY26.

India’s merchandise trade deficit widened to USD 31.7 billion in July 2026, compared with USD 28.2 billion in July 2025.

India’s merchandise exports increased to USD 45.1 billion in July 2026, compared with USD 37.4 billion in the same month of the previous year.

India’s merchandise imports rose to USD 76.8 billion in July 2026, compared with USD 65.6 billion in July 2025.

During April–July FY27, India’s merchandise trade deficit widened to USD 117.8 billion, compared with USD 97.1 billion during April–July FY26.

India’s net services exports stood at USD 17.6 billion in July 2026, registering a slight increase.

 

8) Answer: C

Short Explanation:

Airtel Money, the mobile payments and financial services business of Airtel Africa, began trading on the London Stock Exchange (LSE) on 9 October 2026 through an Initial Public Offering (IPO).

Airtel Mobile Commerce NV is the company’s formal name, and its shares trade under the ticker symbol “AMC”.

The IPO raised approximately £529 million (US$700 million) by selling 270 million existing shares at £1.96 per share.

Detailed Explanation:

Airtel Money, the mobile payments and financial services business of Airtel Africa, began trading on the London Stock Exchange (LSE) on 9 October 2026 through an Initial Public Offering (IPO).

Airtel Mobile Commerce NV is the company’s formal name, and its shares trade under the ticker symbol “AMC”.

The IPO raised approximately £529 million (US$700 million) by selling 270 million existing shares at £1.96 per share.

The IPO valued Airtel Money at approximately £5.3 billion.

Conditional trading in Airtel Money shares began on 9 October 2026, while full trading and formal admission were expected on 14 October 2026.

The listing marked the London Stock Exchange’s largest IPO since 2021 and was expected to help attract more international companies to London’s capital markets.

9) Answer: B

Short Explanation:

The National Payments Corporation of India (NPCI) unveiled the Finance Model for India (FiMi) Banking, India’s first sovereign compact model designed for Indian retail banking use cases, at the Global Fintech Festival (GFF) 2026.

FiMi Banking is a sovereign compact AI model designed to perform complex, long-context tasks within a bank’s defined rules and infrastructure.

The model is built on Gemma, Google’s family of open AI models, and was further trained by NPCI using Indian retail banking scenarios.

Detailed Explanation:

The National Payments Corporation of India (NPCI) unveiled the Finance Model for India (FiMi) Banking, India’s first sovereign compact model designed for Indian retail banking use cases, at the Global Fintech Festival (GFF) 2026.

FiMi Banking is a sovereign compact AI model designed to perform complex, long-context tasks within a bank’s defined rules and infrastructure.

The model is built on Gemma, Google’s family of open AI models, and was further trained by NPCI using Indian retail banking scenarios.

NPCI will collaborate with HDFC Bank to strengthen and jointly develop FiMi Banking by combining NPCI’s technology and AI expertise with HDFC Bank’s banking-domain and AI expertise.

NPCI is open-sourcing the model’s benchmarks, technical report, and evaluation sets to help assess the performance of banking AI agents.

Unlike AI systems designed mainly to answer questions, FiMi Banking is designed to support AI agents that can reason, interact with tools, and complete actions in a banking environment.

 

10) Answer: D

Short Explanation:

The Ministry of Rural Development notified the Schedule of Permissible Works under the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025 (VB–G RAM G Act), providing for 375 permissible works under the new rural works framework.

The new Schedule represents a 41% increase over the 266 works under the previous framework.

The works are organised under four thematic pillars: Water Security, Core Rural Infrastructure, Livelihood-related Infrastructure, and Special Works for Extreme Weather Events and Disaster Preparedness.

Works will be identified through a bottom-up, decentralised planning process under the Viksit Gram Panchayat Plan, approved by the Gram Sabha, and digitally tracked through the Viksit Bharat National Rural Infrastructure Stack.

Detailed Explanation:

The Ministry of Rural Development notified the Schedule of Permissible Works under the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025 (VB–G RAM G Act), providing for 375 permissible works under the new rural works framework.

The new Schedule represents a 41% increase over the 266 works under the previous framework.

The works are organised under four thematic pillars: Water Security, Core Rural Infrastructure, Livelihood-related Infrastructure, and Special Works for Extreme Weather Events and Disaster Preparedness.

Works will be identified through a bottom-up, decentralised planning process under the Viksit Gram Panchayat Plan, approved by the Gram Sabha, and digitally tracked through the Viksit Bharat National Rural Infrastructure Stack.

Focus on agriculture and allied activities: The Schedule includes 181 agriculture and allied works, of which 52 are individual-beneficiary works. These cover water, land, plantation, livestock and other productive assets that can directly benefit farmers.

Support for vulnerable households: A total of 107 works are tagged for Antyodaya and vulnerable households, including 68 individual-beneficiary works. These cover housing, sanitation, energy, irrigation, plantations, livestock shelters and other household-level assets.

Women and youth development: The framework includes 36 works related to Nari Shakti and 36 works related to Yuva Shakti. These cover infrastructure for women's collectives, SHGs and their federations, youth centres, skill development and enterprise-linked facilities.

Inclusive and future-ready infrastructure: The Schedule explicitly provides for accessibility for Divyangjan (persons with disabilities), including the construction of stairs and ramps in government buildings.

 

11) Answer: B

Short Explanation:

The Supreme Court of India dismissed a plea seeking an investigation into the First Information Reports (FIRs) registered against student protesters who participated in the 20 July protest organised by the Cockroach Janta Party (CJP).

The plea was filed as a review petition challenging the Supreme Court’s 1 September order, which cancelled all FIRs registered against protesters between 20 and 25 July, except those involving individuals with criminal antecedents.

On 20 July, around 30,000 people took to the streets and attempted to march towards Parliament, demanding educational reforms and the resignation of the then Union Education Minister Dharmendra Pradhan.

The protest turned violent after police used force to control the crowd, leading to clashes between the police and protesters.

A bench comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice V. Mohana heard a Public Interest Litigation (PIL) filed by L. Ramanathan.

Detailed Explanation:

The Supreme Court of India dismissed a plea seeking an investigation into the First Information Reports (FIRs) registered against student protesters who participated in the 20 July protest organised by the Cockroach Janta Party (CJP).

The plea was filed as a review petition challenging the Supreme Court’s 1 September order, which cancelled all FIRs registered against protesters between 20 and 25 July, except those involving individuals with criminal antecedents.

On 20 July, around 30,000 people took to the streets and attempted to march towards Parliament, demanding educational reforms and the resignation of the then Union Education Minister Dharmendra Pradhan.

The protest turned violent after police used force to control the crowd, leading to clashes between the police and protesters.

A bench comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice V. Mohana heard a Public Interest Litigation (PIL) filed by L. Ramanathan.

The Chief Justice explained that the Court had invoked Article 142 of the Constitution of India to cancel the FIRs, emphasising that the protesters were young students whose parents and future prospects had to be considered. The Court stated that it did not want them to become entangled in legal cases or repeatedly appear in court.

12) Answer: D

Short Explanation:

Ladakh has launched India’s first high-altitude wildlife safari, with six specially designed open-back vehicles flagged off for operations in three initial locations: Rumbak, Shang and Uley.

The safari was approved in August 2026, with vehicles introduced approximately two months later.

The safari will provide visitors access to snow leopard habitats.

However, sightings are not guaranteed, as snow leopards are difficult to spot because their pale-grey coats blend into the rocky mountain landscape.

Rumbak, near Hemis National Park, is known for winter snow leopard tracking, while Uley, in the Sham region, is an established base for wildlife tourism.

Detailed Explanation:

Ladakh has launched India’s first high-altitude wildlife safari, with six specially designed open-back vehicles flagged off for operations in three initial locations: Rumbak, Shang and Uley.

The safari was approved in August 2026, with vehicles introduced approximately two months later.

The safari will provide visitors access to snow leopard habitats.

However, sightings are not guaranteed, as snow leopards are difficult to spot because their pale-grey coats blend into the rocky mountain landscape.

Rumbak, near Hemis National Park, is known for winter snow leopard tracking, while Uley, in the Sham region, is an established base for wildlife tourism.

According to India’s first Snow Leopard Population Assessment, India has an estimated 718 snow leopards, including 477 in Ladakh and 124 in Uttarakhand. Nearly two-thirds of India’s estimated snow leopard population is found in Ladakh.

Ladakh’s high-altitude ecosystem also supports other Himalayan wildlife, including bharal (blue sheep) and ibex.

The safari may expand to additional areas, including Hemis National Park, Changthang, Karakoram Wildlife Sanctuary, Nubra, Zanskar, Sham, Kargil and Drass.

13) Answer: E

Short Explanation:

The Unique Identification Authority of India (UIDAI) revised the procedure for updating names in Aadhaar through a new Standard Operating Procedure (SOP) uploaded on 18 September 2026.

It replaces the earlier name update process under the exception-handling mechanism.

The revised procedure distinguishes between minor name corrections and major or complete name changes, specifying the documents required for different cases.

Detailed Explanation:

The Unique Identification Authority of India (UIDAI) revised the procedure for updating names in Aadhaar through a new Standard Operating Procedure (SOP) uploaded on 18 September 2026.

It replaces the earlier name update process under the exception-handling mechanism.

The revised procedure distinguishes between minor name corrections and major or complete name changes, specifying the documents required for different cases.

Minor name changes include:

Expanding abbreviations or shortening names to initials.

Adding or removing a middle name or surname.

Changing the sequence of names.

Making minor English spelling corrections when the pronunciation remains similar.

For minor changes, the applicable Proof of Identity (PoI) is required. For children whose names are updated through the Head of Family process, the applicable PoI or Proof of Relationship (PoR) may be required. The updated Aadhaar name will follow the spelling, sequence and abbreviations appearing in the submitted document.

Correction of data entry errors: If the original document contained the correct name but it was entered incorrectly in Aadhaar, an adult must submit the prescribed affidavit along with the applicable PoI or PoR. For a minor, the prescribed affidavit for minors and the applicable PoI or PoR are required.

14) Answer: C

Short Explanation:

The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, approved a proposal to rename Noida International Airport, located at Jewar, Uttar Pradesh, as Narendra Modi International Airport, Noida-Jewar.

Chief Minister Yogi Adityanath announced the decision on 9 October 2026, stating that the state Cabinet expressed gratitude to Prime Minister Narendra Modi for the airport.

The airport is expected to become Uttar Pradesh's largest airport and a major aviation hub in India.

Prime Minister Narendra Modi inaugurated the airport on 28 March 2026. Its first flight landed on 15 June 2026, when an IndiGo aircraft arrived from Lucknow.

The airport was developed by Yamuna International Airport Private Limited, a subsidiary of Switzerland-based Zurich Airport International AG, in association with Noida International Airport Limited, the implementing agency on behalf of the Uttar Pradesh government.

The first phase was developed at a cost of ₹11,282 crore, with an initial annual passenger-handling capacity of 1.2 crore passengers, expandable to 7 crore passengers annually in the coming years.

The airport has a 3,900-metre runway capable of handling wide-body aircraft and is equipped with modern navigation systems.

It has been designed as a multimodal transport hub, integrating air connectivity with road and other modes of transport.

Detailed Explanation:

The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, approved a proposal to rename Noida International Airport, located at Jewar, Uttar Pradesh, as Narendra Modi International Airport, Noida-Jewar.

Chief Minister Yogi Adityanath announced the decision on 9 October 2026, stating that the state Cabinet expressed gratitude to Prime Minister Narendra Modi for the airport.

The airport is expected to become Uttar Pradesh's largest airport and a major aviation hub in India.

Prime Minister Narendra Modi inaugurated the airport on 28 March 2026. Its first flight landed on 15 June 2026, when an IndiGo aircraft arrived from Lucknow.

The airport was developed by Yamuna International Airport Private Limited, a subsidiary of Switzerland-based Zurich Airport International AG, in association with Noida International Airport Limited, the implementing agency on behalf of the Uttar Pradesh government.

The first phase was developed at a cost of ₹11,282 crore, with an initial annual passenger-handling capacity of 1.2 crore passengers, expandable to 7 crore passengers annually in the coming years.

The airport has a 3,900-metre runway capable of handling wide-body aircraft and is equipped with modern navigation systems.

It has been designed as a multimodal transport hub, integrating air connectivity with road and other modes of transport.

15) Answer: A

Short Explanation:

West Bengal Chief Minister Suvendu Adhikari announced the recruitment of 14,454 government employees within six to eight months and approved the Bhagini Nivedita Scheme, which will provide ₹50,000 in financial assistance to unmarried women pursuing higher education for three years.

The Public Service Commission (PSC) and the State Police Recruitment Board will complete the examination and recruitment processes for the newly approved vacancies.

The posts will be distributed across departments, including forests, fire services, prisons, home and hill affairs.

Bhagini Nivedita Scheme: The scheme will provide financial assistance to unmarried women pursuing higher education. Beneficiaries will receive ₹17,000 each in the first and second years and ₹16,000 in the third year, taking the total assistance to ₹50,000.

The scheme is scheduled to be implemented from January 2027.

Detailed Explanation:

West Bengal Chief Minister Suvendu Adhikari announced the recruitment of 14,454 government employees within six to eight months and approved the Bhagini Nivedita Scheme, which will provide ₹50,000 in financial assistance to unmarried women pursuing higher education for three years.

The Public Service Commission (PSC) and the State Police Recruitment Board will complete the examination and recruitment processes for the newly approved vacancies.

The posts will be distributed across departments, including forests, fire services, prisons, home and hill affairs.

Bhagini Nivedita Scheme: The scheme will provide financial assistance to unmarried women pursuing higher education. Beneficiaries will receive ₹17,000 each in the first and second years and ₹16,000 in the third year, taking the total assistance to ₹50,000.

The scheme is scheduled to be implemented from January 2027.

Karmabandhus' remuneration increased: The monthly remuneration of Karmabandhus, contractual sanitation workers engaged under the Land and Land Revenue Department, has been increased from ₹5,000 to ₹8,000, effective October 2026.

Higher hostel food allowance: The monthly food allowance for Scheduled Caste (SC) and Scheduled Tribe (ST) students residing in government hostels has been increased from ₹1,800 to ₹3,300.

Police recruitment and appointment letters: Appointment-related formalities for around 12,000 police posts were scheduled to be taken up on 11 October 2026, with approximately 5,000 candidates expected to receive appointment letters at a programme on the same day.

16) Answer: D

Short Explanation:

India and Singapore are exploring a proposed 2,000-megawatt (MW) cross-border electricity interconnection project as part of the Association of Southeast Asian Nations (ASEAN) Power Grid initiative.

The proposed project aims to establish a cross-border electricity transmission link between India and Singapore to promote regional power connectivity.

One option under consideration is an approximately 3,000-km land-based transmission corridor connecting Imphal (India) to Singapore through Myanmar, Thailand, and Malaysia.

Detailed Explanation:

India and Singapore are exploring a proposed 2,000-megawatt (MW) cross-border electricity interconnection project as part of the Association of Southeast Asian Nations (ASEAN) Power Grid initiative.

The proposed project aims to establish a cross-border electricity transmission link between India and Singapore to promote regional power connectivity.

One option under consideration is an approximately 3,000-km land-based transmission corridor connecting Imphal (India) to Singapore through Myanmar, Thailand, and Malaysia.

Shripad Yesso Naik, Minister of State for Power and New and Renewable Energy, represented India at the 20th East Asia Summit Energy Ministers’ Meeting held in Manila, Philippines.

The proposed power interconnection aims to facilitate reliable cross-border electricity trade, support clean energy integration, and strengthen regional energy security.

India reaffirmed its commitment to the ASEAN Plan of Action for Energy Cooperation (APAEC) 2026–2030 and the ASEAN–India Plan of Action 2026–2030.

 

17) Answer: C

Short Explanation:

Israeli President Isaac Herzog announced that Captain Smit Machchhar, an Indian pilot working for flydubai, will receive the State of Israel’s Presidential Award for Civilian Heroism, Israel’s highest bravery award for civilians.

The award will be presented after he regains his strength.

Captain Machchhar saved the lives of 174 passengers and crew members after his co-pilot, Hammam Al-Hammami, an Omani national, attacked him with a crash axe inside the cockpit.

Detailed Explanation:

Israeli President Isaac Herzog announced that Captain Smit Machchhar, an Indian pilot working for flydubai, will receive the State of Israel’s Presidential Award for Civilian Heroism, Israel’s highest bravery award for civilians.

The award will be presented after he regains his strength.

Captain Machchhar saved the lives of 174 passengers and crew members after his co-pilot, Hammam Al-Hammami, an Omani national, attacked him with a crash axe inside the cockpit.

Despite suffering serious injuries and heavy bleeding, Machchhar opened the cockpit door, allowing Israeli passengers to enter and overpower the attacker.

According to reports citing Israeli intelligence, the co-pilot initially planned to seize control of the aircraft, fly it to Tel Aviv and crash it into a building. Captain Machchhar’s bravery thwarted the plan.

The co-pilot subsequently attempted to crash the aircraft into the desert. However, off-duty pilots on board took control of the plane and landed it safely in Saudi Arabia.

Captain Machchhar was taken to a hospital for treatment and is recovering in a hospital in the United Arab Emirates.

President Isaac Herzog praised Machchhar’s bravery and professionalism, stating that his actions helped avert a catastrophe.

The Israeli President had also presented heroism awards to five Israeli citizens who helped overpower the co-pilot and prevent the aircraft from being crashed.

Prime Minister Narendra Modi, Israeli Prime Minister Benjamin Netanyahu and United States President Donald Trump praised Captain Machchhar for his courageous actions.

18) Answer: B

Short Explanation:

The Indian Olympic Association (IOA) and the Korean Sport & Olympic Committee (KSOC) signed a Memorandum of Understanding (MoU) to strengthen cooperation in athlete development, high-performance sports and sports administration.

The agreement was signed at Korea House in Nagoya, Japan, during the 2026 Asian Games.

It was signed by IOA President P. T. Usha and KSOC President Ryu Seung-min.

The two organisations will cooperate in athlete development, coaching, sports science, youth development and good governance.

Ryu Seung-min, a former Olympic fencing champion, has led the Korean Sport & Olympic Committee since 2025.

Detailed Explanation:

The Indian Olympic Association (IOA) and the Korean Sport & Olympic Committee (KSOC) signed a Memorandum of Understanding (MoU) to strengthen cooperation in athlete development, high-performance sports and sports administration.

The agreement was signed at Korea House in Nagoya, Japan, during the 2026 Asian Games.

It was signed by IOA President P. T. Usha and KSOC President Ryu Seung-min.

The two organisations will cooperate in athlete development, coaching, sports science, youth development and good governance.

The partnership also covers sports planning and marketing, extending cooperation beyond athletic performance to sports administration and commercial development.

Ryu Seung-min, a former Olympic fencing champion, has led the Korean Sport & Olympic Committee since 2025.

The committee oversees South Korea's Olympic movement and works in athlete development, international sporting relations and preparation for major multi-sport competitions.

The MoU builds on broader sports cooperation between India and South Korea, including efforts to increase exchanges of sports experts and personnel in coaching, talent development and sports science.

The partnership was signed during the 2026 Asian Games in Nagoya, where athletes from India and South Korea competed alongside delegations from across Asia.

 

19) Answer: D

Short Explanation:

According to the World Bank’s report India and Artificial Intelligence: Seizing the Development Opportunity, India ranks among the top 10 emerging-market performers in Artificial Intelligence (AI) readiness.

India’s AI readiness is supported by its large technical workforce, globally integrated Information Technology (IT) sector and digital public infrastructure.

Private investment in AI in India more than tripled in 2025, rising to ₹36,231.70 crore (US$4.1 billion) from ₹10,604.40 crore (US$1.2 billion) in 2024, reflecting growing investor interest in India’s AI ecosystem.

Detailed Explanation:

According to the World Bank’s report India and Artificial Intelligence: Seizing the Development Opportunity, India ranks among the top 10 emerging-market performers in Artificial Intelligence (AI) readiness.

India’s AI readiness is supported by its large technical workforce, globally integrated Information Technology (IT) sector and digital public infrastructure.

Private investment in AI in India more than tripled in 2025, rising to ₹36,231.70 crore (US$4.1 billion) from ₹10,604.40 crore (US$1.2 billion) in 2024, reflecting growing investor interest in India’s AI ecosystem.

The number of professionals employed by Global Capability Centres (GCCs) increased to 2.36 million in 2025, compared with 1.9 million in 2024, highlighting the growing role of technology-driven services and skilled talent in India’s economy.

The World Bank identified AI’s potential to improve productivity and public service delivery in India, while noting that its long-term effects on the economy and labour market remain uncertain.

Through AgriConnect, the World Bank Group is investing in “small AI” tools that are targeted and locally adapted. These tools aim to extend AI benefits to more people while supporting workers during the transition brought about by the technology.

20) Answer: B

Short Explanation:

Pramod Bhagat (para badminton) and Bhavina Patel (para table tennis) will lead the Indian contingent as flag bearers at the opening ceremony of the 5th Asian Para Games, scheduled in Nagoya, Japan.

The Aichi-Nagoya 2026 Asian Para Games will be held from 18 to 24 October 2026, bringing together para-athletes from across Asia.

Pramod Bhagat has won six Asian Para Games medals between 2014 and 2023, comprising two gold medals and four bronze medals. He is one of India’s most decorated para badminton players.

Bhavina Patel has won two Asian Para Games medals between 2018 and 2023, comprising one silver medal and one bronze medal. She is one of India’s leading para table tennis players.

Detailed Explanation:

Pramod Bhagat (para badminton) and Bhavina Patel (para table tennis) will lead the Indian contingent as flag bearers at the opening ceremony of the 5th Asian Para Games, scheduled in Nagoya, Japan.

The Aichi-Nagoya 2026 Asian Para Games will be held from 18 to 24 October 2026, bringing together para-athletes from across Asia.

Pramod Bhagat has won six Asian Para Games medals between 2014 and 2023, comprising two gold medals and four bronze medals. He is one of India’s most decorated para badminton players.

Bhavina Patel has won two Asian Para Games medals between 2018 and 2023, comprising one silver medal and one bronze medal. She is one of India’s leading para table tennis players.

Together, Bhagat and Patel have won eight Asian Para Games medals. They will carry the Indian Tricolour as the country begins its campaign at the 2026 edition.

Devendra Jhajharia, President of the Paralympic Committee of India (PCI), welcomed their selection, stating that their achievements and resilience make them suitable representatives of the Indian contingent.

Mansukh Mandaviya, Union Minister of Youth Affairs and Sports, will attend the ceremony as the Chief Guest, while Raksha Nikhil Khadse, Minister of State for Youth Affairs and Sports, will be the Guest of Honour.

 

21) Answer: C

Short Explanation:

Jeffrey Archer, the bestselling British novelist and former politician, died at the age of 86 at his home in London, shortly before the global release of his latest novel.

His final novel, Adam and Eve, was published globally on 6 October 2026, one day after his death.

Detailed Explanation:

Jeffrey Archer, the bestselling British novelist and former politician, died at the age of 86 at his home in London, shortly before the global release of his latest novel.

His final novel, Adam and Eve, was published globally on 6 October 2026, one day after his death.

Jeffrey Archer was famous for bestselling novels such as Kane and Abel, The Prodigal Daughter, Not a Penny More, Not a Penny Less, and A Prisoner of Birth.

His novels sold more than 300 million copies, according to his official website.

Archer was a member of the British Conservative Party and served as a Member of Parliament (MP) for Louth from 1969 to 1974.

 

22) Answer: A

World Egg Day is observed annually on the second Friday in October This year, World Egg Day is on 9^th October 2026, marking the 30th anniversary of the global observance.

The official theme for 2026 was “Protein that Powers and Protects”, highlighting eggs as a natural source of high-quality protein and essential nutrients that support health and well-being throughout life.

23) Answer: E

World Post Day is celebrated annually on 9 October to highlight the importance of postal services in global communication.

2026 Theme: “World Post Day: One Postal Network, Infinite Possibilities.”

History: World Post Day was first declared by the Universal Postal Union (UPU) Congress held in Tokyo, Japan, in 1969.

24) Answer: B

About Uttar Pradesh:

Chief Minister: Yogi Adityanath

Governor: Anandiben Patel

Capital: Lucknow

National Parks: Dudhwa National Park

Wildlife Sanctuaries: Katarniaghat Wildlife Sanctuary, Kishanpur Wildlife Sanctuary, Hastinapur Wildlife Sanctuary, Chandraprabha Wildlife Sanctuary, Kaimur Wildlife Sanctuary, Bakhira Wildlife Sanctuary, Nawabganj Bird Sanctuary, Okhla Bird Sanctuary

25) Answer: D

About West Bengal:

Chief Minister: Suvendu Adhikari

Governor: R. N. Ravi

Capital: Kolkata

National Parks: Sundarbans National Park, Jaldapara National Park, Gorumara National Park, Singalila National Park, Neora Valley National Park, Buxa National Park

Wildlife Sanctuaries: Senchal Wildlife Sanctuary, Buxa Wildlife Sanctuary, Raiganj Wildlife Sanctuary, Ballavpur Wildlife Sanctuary, Chintamani Kar Bird Sanctuary, Lothian Island Wildlife Sanctuary, West Sundarban Wildlife Sanctuary