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Economy and Banking Practice
Instant answers and explanations after every question.
Q1
Economy and Banking
The new Reserve Bank of India Data Centre, inaugurated by the Prime Minister in October 2026, will house which of RBI's mission-critical payment systems?
A
RTGS and NEFT
B
UPI and IMPS
C
NACH and AePS
D
BBPS and FASTag
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Q2
Economy and Banking
Consider the following statements about the India-New Zealand Free Trade Agreement:
1. India and New Zealand agreed to work towards doubling bilateral trade in goods and services to approximately Rs. 35,000 crore by 2030.
2. The date on which the agreement would come into force was announced by Union Finance Minister Nirmala Sitharaman.
3. The agreement came into force on 20 October 2026, the day of Vijaya Dashami.
Which of the statements given above is/are correct?
A
1 only
B
1 and 2 only
C
1 and 3 only
D
1, 2 and 3
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Q3
Economy and Banking
e-Kuber, the platform used for bidding in government securities auctions, is the Core Banking Solution of which institution?
A
State Bank of India
B
National Payments Corporation of India
C
NABARD
D
Reserve Bank of India
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Q4
Economy and Banking
In October 2026, India and New Zealand signed a Memorandum of Cooperation to enable the electronic exchange of which data for trade in goods under their Free Trade Agreement?
A
Origin data
B
Phytosanitary data
C
Shipping manifest data
D
Tariff classification data
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Q5
Economy and Banking
In October 2026, the Union Cabinet approved a hike in Dearness Allowance for Central Government employees and Dearness Relief for pensioners, effective from 1 July 2026. By how much was it increased?
A
2 per cent
B
3 per cent
C
4 per cent
D
5 per cent
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Q6
Economy and Banking
At its Monetary Policy Committee meeting held from 5 to 7 October 2026, to what level did the Reserve Bank of India raise the policy repo rate?
A
5.25 per cent
B
5.50 per cent
C
5.75 per cent
D
6.00 per cent
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Q7
Economy and Banking
At the 625th meeting of the Central Board of Directors of the Reserve Bank of India, held in Mumbai in October 2026, the Board reviewed the activities of which of the following institutions?
A
National Housing Bank
B
Bharatiya Reserve Bank Note Mudran Private Limited
C
Deposit Insurance and Credit Guarantee Corporation
D
Reserve Bank Information Technology Private Limited
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Q8
Economy and Banking
In October 2026, Prime Minister Narendra Modi inaugurated the Reserve Bank of India's new Data Centre and Cybersecurity Training Institute in which state?
A
Odisha
B
Andhra Pradesh
C
Telangana
D
Karnataka
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Q9
Economy and Banking
At its meeting held from 5 to 7 October 2026, the Monetary Policy Committee (MPC) of the RBI changed its monetary policy stance to which of the following?
A
Neutral
B
Accommodative
C
Calibrated tightening
D
Withdrawal of accommodation
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Q10
Economy and Banking
According to RBI data for the week ended 16 October 2026, which was the largest component of India's foreign exchange reserves?
A
Gold reserves
B
Special Drawing Rights
C
Foreign currency assets
D
Reserve position in the IMF
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