Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 13th February 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) As per the RBI draft directions for Urban Co-operative Banks (UCBs), the total unsecured loans to members cannot exceed what percentage of total loans and advances?

(a) 10%

(b) 15%

(c) 20%

(d) 25%

(e) 30%

 

2) What is the maximum Loan-to-Value (LTV) ratio offered by Axis Bank’s gold loan product for MSMEs?

(a) 82%

(b) 80%

(c) 75%

(d) 85%

(e) 90%

 

3) By which date must Alternative Investment Funds (AIFs) upload their latest Net Asset Value (NAV) to the depository system as per SEBI directions?

(a) March 31, 2026

(b) April 15, 2026

(c) July 1, 2026

(d) June 30, 2026

(e) May 1, 2026

 

4) The Reserve Bank of India (RBI) constituted a committee to review the regulatory framework of which of the following?

(a) Payment Banks

(b) Small Finance Banks

(c) Cooperative Banks

(d) Non-Banking Financial Companies (NBFCs)

(e) Business Correspondents (BCs)

 

5) As per RBI Master Directions, prior approval of the Reserve Bank of India (RBI) is required for acquiring what minimum percentage of paid-up capital in a banking company?

(a) 10%

(b) 7%

(c) 15%

(d) 5%

(e) 20%

6) Why has the RBI decided to review and harmonise regulations for recovery agents and third-party distributors?

(a) To increase loan interest rates

(b) To create a uniform framework and prevent abusive practices, including mis-selling of financial products

(c) To reduce the number of banks and NBFCs

(d) To promote third-party insurance sales

(e) To regulate stock market trading

7) Which company recently received RBI’s Certificate of Authorisation to operate as a Payment Aggregator (PA)?

(a) Payoneer India Pvt Ltd

(b) Razorpay Pvt Ltd

(c) PB Pay Pvt Ltd

(d) PhonePe Pvt Ltd

(e) Paytm Payments Ba

8) Under the revised RBI guidelines for the Kisan Credit Card (KCC) scheme, what is the proposed collateral-free loan limit?

(a) ₹1 lakh

(b) ₹2 lakh

(c) ₹2.5 lakh

(d) ₹3 lakh

(e) ₹5 lakh

9) Which bank’s credit card arm launched a Braille-enabled Premier Credit Card to enhance accessibility for visually impaired users?

(a) State Bank of India (SBI)

(b) HDFC Bank

(c) ICICI Bank

(d) Bank of Baroda (BOB)

(e) Axis Bank

10) What is the total outlay of the Uttar Pradesh Budget 2026–27, and what is the capped fiscal deficit as per the budget?

(a) ₹9.13 lakh crore; 3% of GSDP

(b) ₹8.5 lakh crore; 3.5% of GSDP

(c) ₹9.5 lakh crore; 3.2% of GSDP

(d) ₹8.9 lakh crore; 3% of GSDP

(e) ₹9.0 lakh crore; 3.1% of GSDP

11) As per the new MHA guidelines, when Vande Mataram and Jana Gana Mana are played together at official events. Who composed Vande Mataram and in which novel was it originally included?

(a) Rabindranath Tagore – Gitanjali

(b) Raja Ravi Varma – Rajmohan’s Wife

(c) Kavi Pradeep – Amar Bharat

(d) Subramania Bharati – Panchali Sapatham

(e) Bankim Chandra Chattopadhyay – Anandamath


12) In 2026, the Mumbai–Ahmedabad High-Speed Rail Corridor is India’s first high-speed rail project and serves as a model for future expansion. How many new high-speed rail corridors were announced in the Union Budget 2026–27?

(a) 7

(b) 6

(c) 5

(d) 8

(e) 10

13) In 2026, The Women, Peace and Security (WPS) Index 2025–26 has been released by the Georgetown Institute for Women, Peace and Security in partnership with the Peace Research Institute Oslo. Which country ranked first in the Women, Peace and Security (WPS) Index 2025–26?

(a) India

(b) Sweden

(c) Afghanistan

(d) Norway

(e) Denmark

14) As of 2026, The Corruption Perceptions Index (CPI) 2025 has been released by Transparency International, evaluating 182 countries. Which country ranked 1st in the Corruption Perceptions Index (CPI) 2025?

(a) Finland

(b) Denmark

(c) New Zealand

(d) Switzerland

(e) Norway

15) Which country remained the largest billionaire hub in 2025, according to the UBS Billionaire Ambitions Report?

(a) China

(b) Germany

(c) United States

(d) India

(e) United Kingdom

16) Which institute signed a Common Empanelment MoU with the General Insurance Council to enable cashless Ayurveda treatment?

(a) All India Institute of Ayurveda (AIIA)

(b) National Institute of Ayurveda (NIA)

(c) Banaras Hindu University Ayurveda Department

(d) Jamnagar Ayurveda University

(e) Kerala Ayurveda Institute

17) Which air forces are conducting the joint in-situ air exercise to enhance operational coordination and interoperability?

(a) Indian Air Force & Royal Indonesian Air Force

(b) Indian Air Force & Royal Malaysian Air Force

(c) Indian Air Force & Royal Singapore Air Force

(d) Indian Air Force & Royal Thai Air Force

(e) Indian Air Force & Royal Brunei Air Force

 

18) The Government of India announced the sale of up to 5% stake in which public sector company through an Offer for Sale (OFS) with a floor price of ₹254 per share?

(a) National Thermal Power Corporation (NTPC)

(b) Bharat Heavy Electricals Limited (BHEL)

(c) Oil and Natural Gas Corporation (ONGC)

(d) Steel Authority of India Limited (SAIL)

(e) Power Grid Corporation of India Limited (Power Grid)

 

19) As of 2026, James Van Der Beek, known for his lead role in which television series, passed away at the age of 48?

(a) Dawson’s Creek

(b) Friends 

(c) Buffy the Vampire Slayer

(d) The OC

(e) Gilmore Girls

20) As of 2026, World Radio Day is celebrated on which date?

(a) 12 February

(b) 11 February

(c) 14 February

(d) 15 February

(e) 13 February

Answers:

1) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has issued draft amendment directions for Urban Co-operative Banks (UCBs) to revise norms on unsecured loans and concentration risk.

The total unsecured loans by a UCB to its members cannot exceed 20% of total loans and advances (as per last audited balance sheet).

Unsecured loans beyond 20% are allowed only for priority sector loans, and up to ₹50,000 per borrower.

Detailed Explanation:

The Reserve Bank of India (RBI) has issued draft amendment directions for Urban Co-operative Banks (UCBs) to revise norms on unsecured loans and concentration risk.

Unsecured advances are defined as portions of loans not covered by the realisable value of security (primary and collateral) to which the UCB has valid recourse, and this value must be estimated realistically.

Loans against inland D/A bills with usance up to 90 days will not be treated as unsecured.

Loans against receivables will not be considered unsecured as long as receivables are not overdue beyond 30 days.

The total unsecured loans by a UCB to its members cannot exceed 20% of total loans and advances (as per last audited balance sheet).

Unsecured loans beyond 20% are allowed only for priority sector loans, and up to ₹50,000 per borrower.

2) Answer: A

Short Explanation:

Axis Bank has launched a gold loan product specifically targeting micro, small, and medium enterprises (MSMEs).

The loan-to-value (LTV) ratio goes up to 82%, which is higher than typical industry standards, while remaining fully compliant with regulatory guidelines.

Detailed Explanation:

Axis Bank has launched a gold loan product specifically targeting micro, small, and medium enterprises (MSMEs).

The product is available across 3,300+ gold loan-enabled branches nationwide.

Loan amounts range from ₹50,000 to ₹1 crore, based on borrower eligibility and internal policies.

The facility operates as a secured overdraft against gold jewellery, allowing borrowers to pay only monthly interest, with the principal remaining as an overdraft.

The loan-to-value (LTV) ratio goes up to 82%, which is higher than typical industry standards, while remaining fully compliant with regulatory guidelines.

3) Answer: E

Short Explanation:

The Securities and Exchange Board of India (SEBI) has directed Alternative Investment Funds (AIFs) to report the Net Asset Value (NAV) of their units to depositories by May 1, 2026.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has directed Alternative Investment Funds (AIFs) to report the Net Asset Value (NAV) of their units to depositories by May 1, 2026.

Category I and II AIFs must conduct investment valuation through an independent valuer at least once every six months, extendable to one year with 75% investor approval.

Category III AIFs are required to disclose their NAV at prescribed intervals: quarterly for close-ended funds and monthly for open-ended funds.

AIFs must upload their latest NAV to the depository system before May 1, 2026 or within 30 days of the valuation date, whichever is earlier.

The product allows same-day over-the-counter disbursement, with funds credited directly to the borrower’s account.

4) Answer: E

Short Explanation:

The Reserve Bank of India (RBI) has constituted a committee to review the regulatory framework for business correspondents (BCs).

The committee will suggest amendments and draft revised guidelines for public consultation.

Detailed Explanation:

The Reserve Bank of India (RBI) has constituted a committee to review the regulatory framework for business correspondents (BCs).

The committee will suggest amendments and draft revised guidelines for public consultation.

The committee has been tasked with examining the operations of business correspondents and recommending measures to improve the efficiency and effectiveness of the BC model.

Members of the RBI committee include officials from the RBI, Department of Financial Services, Indian Banks’ Association (IBA), and the National Bank for Agriculture and Rural Development (NABARD).

The committee’s recommendations will guide the review of related regulatory guidelines, with draft amendment directions to be released for public consultation.

5) Answer: D

Short Explanation:

Union Minister of State (MoS) Pankaj Chaudhary, Ministry of Finance (MoF), informed the Rajya Sabha that FDI equity inflows in the banking sector declined to USD 115 million in FY25.

As per RBI Master Directions – Acquisition and Holding of Shares or Voting Rights in Banking Companies, prior RBI approval is mandatory for acquiring 5% or more of paid-up capital in a banking company.

Detailed Explanation:

Union Minister of State (MoS) Pankaj Chaudhary, Ministry of Finance (MoF), informed the Rajya Sabha that FDI equity inflows in the banking sector declined to USD 115 million in FY25.

The inflows were significantly higher at USD 898 million in FY23, indicating a sharp decline over the period.

Total FDI inflow comprises equity inflow, equity capital of unincorporated bodies, re-invested earnings, and other capital.

As per RBI Master Directions – Acquisition and Holding of Shares or Voting Rights in Banking Companies, prior RBI approval is mandatory for acquiring 5% or more of paid-up capital in a banking company.

6) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) will review and harmonise regulations governing the engagement of recovery agents by banks,Non-Banking Financial Companies (NBFCs), and digital lending entities.

The RBI has also raised concerns over mis-selling of financial products and services by lenders and third-party distributors.

Detailed Explanation:

The Reserve Bank of India (RBI) will review and harmonise regulations governing the engagement of recovery agents by banks,Non-Banking Financial Companies (NBFCs), and digital lending entities.

Currently, different regulatory instructions apply to various regulated entities (REs), and the RBI aims to create a uniform framework.

The move comes amid concerns over abusive and non-compliant practices by third-party recovery agents in loan recovery processes.

The RBI has also raised concerns over mis-selling of financial products and services by lenders and third-party distributors.

It plans to issue comprehensive guidelines on advertising, marketing, and sale of financial products to ensure customer suitability.

The proposed instructions will be released soon for public consultation before finalisation.

7) Answer: C

PB Pay Private Limited, a wholly-owned subsidiary of PB Fintech Limited (parent company of Policybazaar and Paisabazaar), received a Certificate of Authorisation (CoA) from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA).

The CoA was granted under the Payment and Settlement Systems Act (PSS Act), 2007, completing a regulatory process that began with incorporation in 2024 and in-principle approval in April 2025.

8) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) is set to issue revised guidelines for banks under the Kisan Credit Card (KCC) scheme to strengthen support for the farm sector.

The revised framework will merge existing KCC instructions into a single, consolidated set of guidelines.

Collateral is waived for KCC loans up to ₹2 lakh, and up to ₹3 lakh in tie-up arrangements.

Detailed Explanation:

The Reserve Bank of India (RBI) is set to issue revised guidelines for banks under the Kisan Credit Card (KCC) scheme to strengthen support for the farm sector.

The revised framework will merge existing KCC instructions into a single, consolidated set of guidelines.

Uniform crop season definition: RBI proposes a standardised approach to defining crop seasons across regions for loan assessment and repayment timelines.

KCC tenure may be extended to six years, providing borrowers a longer operating window.

Drawing limits will be linked to the officially approved Scale of Finance for each crop season to ensure sanctioned amounts reflect actual cultivation costs.

Technological interventions in farming, such as modern farm equipment and agri-tech tools, will be included as eligible expenses under KCC.

Collateral is waived for KCC loans up to ₹2 lakh, and up to ₹3 lakh in tie-up arrangements

 

9) Answer: D

BOBCARD Limited, the credit card issuing arm of Bank of Baroda (BoB), introduced a Braille-enabled version of its Premier Credit Card at Manipal, Karnataka.

The Braille-enabled credit card is designed to enhance accessibility for visually impaired users by helping them identify and use the card easily in everyday transactions.

.

10) Answer: A

Short Explanation:

The Uttar Pradesh Budget 2026–27 has been presented with a total outlay of ₹9.13 lakh crore, marking a 12.2% increase over the previous financial year.

The budget was tabled by Finance Minister Suresh Khanna in the Uttar Pradesh Legislative Assembly.

The fiscal deficit has been capped at 3% of Gross State Domestic Product (GSDP), in line with the 16th Finance Commission recommendations.

This fiscal deficit limit will remain effective till 2030–31, ensuring long-term fiscal discipline and macroeconomic stability.

Detailed Explanation:

The Uttar Pradesh Budget 2026–27 has been presented with a total outlay of ₹9.13 lakh crore, marking a 12.2% increase over the previous financial year.

The budget was tabled by Finance Minister Suresh Khanna in the Uttar Pradesh Legislative Assembly.

The fiscal deficit has been capped at 3% of Gross State Domestic Product (GSDP), in line with the 16th Finance Commission recommendations.

This fiscal deficit limit will remain effective till 2030–31, ensuring long-term fiscal discipline and macroeconomic stability.

The budget prioritises education, health, agriculture, infrastructure, and skill development as key growth drivers.

Education has received 12.4% of the total budget allocation, reflecting strong focus on human capital development.

Health sector allocation stands at 6%, addressing rising healthcare needs.

Agriculture and allied sectors have been allocated 9%, supporting rural development and farmer welfare.

11) Answer: E

Short Explanation:

Vande Mataram was composed by Bankim Chandra Chattopadhyay in the 1870s and was included in his novel Anandamath.

The Union Ministry of Home Affairs (MHA) has issued fresh guidelines, laying down the first formal protocol for the National Song, Vande Mataram.

When both the National Song and the National Anthem are played together at official events, Vande Mataram must be sung first, followed by Jana Gana Mana.

Detailed Explanation:

The Union Ministry of Home Affairs (MHA) has issued fresh guidelines, laying down the first formal protocol for the National Song, Vande Mataram.

When both the National Song and the National Anthem are played together at official events, Vande Mataram must be sung first, followed by Jana Gana Mana.

The directive mandates that all six stanzas of Vande Mataram must be sung at official functions.

The complete rendition of the six stanzas takes approximately 3 minutes and 10 seconds.

The guidelines assume significance as 2026 marks the 150th anniversary of Vande Mataram.

Vande Mataram was composed by Bankim Chandra Chattopadhyay in the 1870s and was included in his novel Anandamath.

It became a powerful slogan during India’s freedom movement.

In 1950, the Constituent Assembly adopted Vande Mataram as the National Song, while Jana Gana Mana was adopted as the National Anthem.

 

12) Answer: A

Short Explanation:

The Union Budget 2026–27 announced seven new high-speed rail corridors, signalling expansion beyond the Mumbai–Ahmedabad corridor.

The Mumbai–Ahmedabad High-Speed Rail Corridor is India’s first high-speed rail project and serves as a model for future expansion.

Detailed Explanation:

The Union Budget 2026–27 announced seven new high-speed rail corridors, signalling expansion beyond the Mumbai–Ahmedabad corridor.

The Mumbai–Ahmedabad High-Speed Rail Corridor is India’s first high-speed rail project and serves as a model for future expansion.

High-speed rail is a planned component of India’s future passenger rail system, aimed at enabling faster and high-capacity inter-city travel on select corridors.

High-speed rail supports reduced travel time, improved regional connectivity, and sustainable transport objectives.

13) Answer: E

Short Explanation:

• Global progress on women’s well-being has largely stagnated between 2017/18 and 2025/26, according to the report.
• Denmark ranked first for the third consecutive time, while Afghanistan ranked last.

Detailed Explanation:

• The Women, Peace and Security (WPS) Index 2025–26 has been released by the Georgetown Institute for Women, Peace and Security in partnership with the Peace Research Institute Oslo.
• The index ranks 181 countries based on women’s inclusion, justice, and security.
• Each country is assigned a score between 0 and 1, where a higher score indicates better conditions for women.
• The index highlights that around 676 million women were exposed to conflict in the past year, representing a 74% increase since 2010.
• The WPS Index is published biennially and is aligned with the United Nations Sustainable Development Goals (SDGs) and UN Security Council Resolution 1325 on Women, Peace and Security.
• The assessment is based on 13 indicators covering economic participation, political representation, legal equality, discrimination, violence, and conflict exposure.
• Global progress on women’s well-being has largely stagnated between 2017/18 and 2025/26, according to the report.

Denmark ranked first for the third consecutive time, while Afghanistan ranked last


14) Answer: B

Short Explanation:

• The Corruption Perceptions Index (CPI) 2025 has been released by Transparency International, evaluating 182 countries based on perceived levels of public sector corruption.
• Denmark ranked 1st with a score of 89, maintaining its position at the top for the 8th consecutive year.

Detailed Explanation:

• The Corruption Perceptions Index (CPI) 2025 has been released by Transparency International, evaluating 182 countries based on perceived levels of public sector corruption.
• The CPI score ranges from 0 (highly corrupt) to 100 (very clean).
• The global average score declined to 42 in 2025, marking the lowest level in more than a decade.
• A total of 122 countries scored below 50, indicating that corruption remains a widespread global issue.
• Transparency International observed that the number of countries scoring above 80 has sharply declined, signalling governance challenges even in traditionally strong democracies.
• Denmark ranked 1st with a score of 89, maintaining its position at the top for the 8th consecutive year.
  
  

15) Answer: C

Short Explanation:

• According to the UBS Billionaire Ambitions Report, global billionaire wealth reached a record $15.8 trillion in 2025, showing a 13% increase within one year.
• The United States ranked 1st globally, remaining the world’s largest billionaire hub with 924 billionaires in 2025.
• China ranked 2nd globally with 470 billionaires.
• India ranked 3rd globally with 188 billionaires in 2025, up from 185 billionaires in 2024.

Detailed Explanation:

• According to the UBS Billionaire Ambitions Report, global billionaire wealth reached a record $15.8 trillion in 2025, showing a 13% increase within one year.
• Nearly 196 self-made billionaires contributed an additional $386.5 billion to global billionaire wealth during 2025.
• The total number of billionaires globally increased by 8.8%, rising from 2,682 in 2024 to nearly 3,000 in 2025.
• The report identifies two major drivers of billionaire wealth growth in 2025:
  – Business innovation across technology, finance, and manufacturing sectors
  – The largest wave of multi-generational inheritance in history
• Growth trends were uneven across countries, with some economies recording rapid expansion in billionaire numbers, while others experienced stagnation or decline.
• The United States ranked 1st globally, remaining the world’s largest billionaire hub with 924 billionaires in 2025.
• Total billionaire wealth in the United States stood at $6.89 trillion, reflecting an 18% year-on-year growth.
  
  

16) Answer: A

Short Explanation:

• The All India Institute of Ayurveda (AIIA) signed a Common Empanelment Memorandum of Understanding (MoU) with the General Insurance Council in New Delhi.
• Under the agreement, AIIA has been empanelled with all 32 general insurance companies associated with the General Insurance Council.

Detailed Explanation:

• The All India Institute of Ayurveda (AIIA) signed a Common Empanelment Memorandum of Understanding (MoU) with the General Insurance Council in New Delhi.
• Under the agreement, AIIA has been empanelled with all 32 general insurance companies associated with the General Insurance Council.
• The MoU enables cashless Ayurveda treatment for eligible policyholders under these 32 insurance companies.
• This step has been described by the Ministry of Ayush as a historic move to integrate Ayurveda into the mainstream health insurance system.
• With this empanelment, patients can now avail insured Ayurveda healthcare services without upfront payment, subject to policy terms and eligibility.
  
  

17) Answer: D

Short Explanation:

The Indian Air Force (IAF) and the Royal Thai Air Force (RTAF) are conducting a joint in-situ air exercise to enhance operational coordination and interoperability between the two air forces.

Detailed Explanation:

The Indian Air Force (IAF) and the Royal Thai Air Force (RTAF) are conducting a joint in-situ air exercise to enhance operational coordination and interoperability between the two air forces.

In-Situ Training refers to exercises conducted under realistic operational conditions at or near actual mission locations, rather than simulated environments.

The primary objective of the exercise is to strengthen aerial operational coordination, improve combat interoperability, and reinforce Indo-Thai defence cooperation and regional synergy.

The IAF deployment includes Su-30MKI multirole fighter jets, AWACS (Airborne Warning and Control System), AEW&C (Airborne Early Warning & Control) aircraft, and IL-78 mid-air refuelling aircraft.

The RTAF participation features Gripen fighter aircraft, a Sweden-made multirole combat jet.

18) Answer: B

The Government of India will sell up to 5% stake in Bharat Heavy Electricals Limited (BHEL) through an Offer for Sale (OFS).

The OFS comprises a 3% base issue with an additional 2% greenshoe option, as announced by DIPAM Secretary Arunish Chawla.

The floor price for the OFS has been fixed at ₹254 per share.

19) Answer: A

James Van Der Beek, widely recognised for his lead role in the television series Dawson’s Creek, has passed away at the age of 48.

Van Der Beek rose to international fame in 1998 playing Dawson Leery in Dawson’s Creek, which ran for six seasons and became a defining show of late 1990s American television.

His portrayal of the introspective aspiring filmmaker earned him critical recognition and a devoted fan following.

20) Answer: E

World Radio Day is celebrated on 13 February is a date proclaimed by UNESCO to celebrate radio broadcasts, improve international cooperation among radio broadcasters and encourage decision-makers to create and provide access to information through radio, including community radios.

The first radio station in America was established in Pittsburgh in 1919, and the FM radio debuted in 1939.