Quiz: September 22 Banking Current Affairs — 29 questions

1. Where was the 13th edition of the India–Sri Lanka naval exercise SLINEX 26 conducted?

A. Visakhapatnam, Andhra Pradesh

B. Colombo, Sri Lanka

C. Chennai, Tamil Nadu

D. Kochi, Kerala

Answer: (A)

Explanation

The 13th edition of SLINEX 26 was conducted at Visakhapatnam in Andhra Pradesh. Colombo hosted the 12th edition, so it is a plausible location but not the venue for this edition.

2. What has been the primary purpose of SLINEX since it began in 2005?

A. Conducting a combat operation against maritime threats

B. Coordinating multilateral patrols across the Indian Ocean

C. Developing commercial shipping routes between the countries

D. Strengthening maritime cooperation and naval capabilities

Answer: (D)

Explanation

SLINEX has been conducted by the Indian Navy and Sri Lanka Navy since 2005 to strengthen maritime cooperation and capabilities. It is described as a bilateral naval exercise rather than a combat operation or multilateral patrol.

3. What did the Indo-Russia InnoPragmatica Technology Hub sign at InnoProm India 2026?

A. Four strategic agreements forming a technology cooperation package

B. Two memoranda limited to research and academic exchanges

C. One comprehensive agreement covering all technology sectors

D. Three defense contracts focused on naval modernization

Answer: (A)

Explanation

The Technology Hub signed four strategic agreements at InnoProm India 2026 in Bharat Mandapam, New Delhi. These agreements were presented as a package, not as one single agreement.

4. Which set correctly identifies the four India–Russia cooperation sectors covered by the agreements?

A. Cybersecurity, renewable energy, tourism services, and pharmaceutical manufacturing

B. Artificial intelligence, naval defense, agricultural exports, and space exploration

C. Artificial intelligence, cybersecurity, healthcare technology, and electronics and investment

D. Healthcare technology, telecommunications, transport logistics, and cultural industries

Answer: (C)

Explanation

The four sectors were artificial intelligence, cybersecurity, healthcare technology, and electronics and investment. Cybersecurity and artificial intelligence were separate sectors rather than one combined category.

5. What distinguishes a soil carbon payment from an ordinary farm subsidy?

A. It funds farm machinery purchases without requiring verification of soil practices

B. It provides farmers with a general payment unrelated to measured environmental outcomes

C. It pays farmers when companies purchase verified credits from soil-conserving practices

D. It compensates farmers for increasing crop prices through commercial market sales

Answer: (C)

Explanation

A soil carbon payment is tied to verified carbon credits generated through soil-conserving agricultural practices and purchased by companies. An ordinary farm subsidy is not described as payment for a purchased carbon credit.

6. Which Indian states were covered by the country’s first farm-level soil carbon payment programme?

A. Maharashtra and Gujarat

B. Uttar Pradesh and Rajasthan

C. Punjab and Haryana

D. Karnataka and Tamil Nadu

Answer: (C)

Explanation

India’s first farm-level soil carbon payment programme was introduced for farmers in Punjab and Haryana. The programme was not stated to cover all Indian states or the other regional pairs listed.

7. What payment range can an individual farmer receive for verified soil carbon credits?

A. ₹1,000 to ₹5,000

B. ₹3,000 to ₹15,000

C. ₹15,000 to ₹30,000

D. ₹10,000 to ₹25,000

Answer: (B)

Explanation

Individual farmers can receive between ₹3,000 and ₹15,000 for verified soil carbon credits. The other ranges either begin below or extend above the documented payment range.

8. What was the main purpose of the memorandum of understanding between APEDA and Informa Markets Dubai?

A. To coordinate banking services for Indian exporters and Dubai-based investors

B. To organize diplomatic consultations on agricultural policy between India and the United Arab Emirates

C. To establish a technology exchange for Indian electronics and smart-device manufacturers

D. To strengthen global trade opportunities for Indian agricultural and processed food products

Answer: (D)

Explanation

The memorandum aimed to expand global trade opportunities for Indian agricultural and processed food products. Informa Markets Dubai served as the event partner, while APEDA was the organization promoting these exports.

9. Which status did India receive in relation to Gulfood 2027?

A. Founding member of a new international association for food exporters

B. Principal sponsor of a regional agricultural research conference

C. Official partner country of a major international food event

D. Host country for a global summit on food-processing technology

Answer: (C)

Explanation

India became the official partner country of Gulfood 2027, which was described as a major international food event. This status differs from sponsoring, hosting, or founding a separate organization.

10. What field of cooperation was established through the letter of intent signed by IIT Bengaluru and the Taipei Computer Association?

A. Agricultural processing and international food distribution

B. Healthcare administration and hospital infrastructure

C. Electronics and smart technologies

D. Banking systems and cross-border financial services

Answer: (C)

Explanation

The letter of intent promoted cooperation in electronics and smart technologies. It was not presented as an agreement concerning food, banking, or healthcare.

11. How was the partnership between IIT Bengaluru and the Taipei Computer Association characterized?

A. A research alliance focused on European and South Asian technology markets

B. A commercial partnership between Taiwan and India's national banking sector

C. The first major technology partnership between Taiwan and South India

D. A regional agreement linking Taiwan with every Indian state

Answer: (C)

Explanation

The partnership was presented as the first major technology partnership between Taiwan and South India. Describing it as covering all of India or focusing on banking changes its stated geographic or sectoral scope.

12. Why did External Affairs Minister S. Jaishankar make a three-day visit to Bhutan?

A. To strengthen bilateral cooperation at the invitation of Tandi Dorji

B. To attend a technology conference organized by Bhutanese industry officials

C. To negotiate a food-export agreement with Bhutanese agricultural agencies

D. To oversee a military deployment requested by Bhutanese defense authorities

Answer: (A)

Explanation

Jaishankar visited Bhutan at the invitation of Bhutanese Foreign Minister Tandi Dorji to strengthen bilateral cooperation. The visit was diplomatic rather than a military deployment or a sector-specific trade or technology mission.

13. Which combination of sectors was covered by the five development projects launched in Bhutan?

A. Agriculture, education, mining, aviation, and water management

B. Energy, defense, banking, tourism, and telecommunications

C. Healthcare, connectivity, agriculture, clean mobility, and energy

D. Healthcare, food exports, electronics, railways, and urban housing

Answer: (C)

Explanation

The five projects covered healthcare, connectivity, agriculture, clean mobility, and energy. They therefore addressed several areas rather than being confined to energy alone.

14. What financial support did India extend to Bhutan for energy projects?

A. A ₹4,000 crore agricultural export subsidy

B. A ₹400 crore direct grant

C. A ₹4,000 crore line of credit

D. A ₹40,000 crore infrastructure investment fund

Answer: (C)

Explanation

India extended a ₹4,000 crore line of credit to Bhutan for energy projects. This was credit designated for energy development, not a smaller grant, a larger investment fund, or an agricultural subsidy.

15. Which organizations co-branded the RuPay credit card launched at the Global FinTech Fest 2026 in Mumbai?

A. Noviio and Indian Overseas Bank

B. RuPay and the Reserve Bank of India

C. Indian Overseas Bank and Pawan Hans

D. Noviio and Hindustan Aeronautics Limited

Answer: (A)

Explanation

The card was launched as a co-branded product of Noviio and Indian Overseas Bank at the Global FinTech Fest 2026. It was not presented as an Indian Overseas Bank product without a partner.

16. Which users does the Noviio–Indian Overseas Bank RuPay credit card specifically target?

A. First-time credit users and UPI users

B. Corporate account holders and exporters

C. Long-term borrowers and investment clients

D. Existing premium cardholders and airline travelers

Answer: (A)

Explanation

The card is designed to connect RuPay credit-card access with UPI transactions for first-time credit-card users and UPI users. Its target audience is therefore broader than existing premium cardholders.

17. What real GDP growth did Moody's Ratings forecast for India in financial year 2026–2027?

A. 8.2% after revising the forecast upward

B. 7% after revising the forecast upward

C. 6% after revising the forecast upward

D. 7.8% after revising the forecast upward

Answer: (B)

Explanation

Moody's Ratings raised its forecast for India's real GDP growth in financial year 2026–2027 from 6% to 7%. The 7.8% figure applied to the projected first quarter of 2027, not the full financial year.

18. How were India's two reported GDP growth figures associated with their periods?

A. 7.8% for the first quarter of 2027 and 8.2% for the first half of calendar year 2026

B. 8.2% for the first quarter of 2027 and 7.8% for the first half of calendar year 2026

C. 8.2% for financial year 2026–2027 and 7.8% for the first half of calendar year 2026

D. 7.8% for financial year 2026–2027 and 8.2% for the first quarter of 2027

Answer: (A)

Explanation

India's GDP growth was projected at 7.8% for the first quarter of 2027 and had been 8.2% during the first half of calendar year 2026. These figures refer to different periods and should not be interchanged.

19. Which film was selected as India's official entry for the Oscars 2027 in the Best International Feature Film category?

A. A Hindi historical drama

B. A Malayalam film about military aviation

C. Ghaath, a Marathi thriller

D. A Marathi documentary about economic growth

Answer: (C)

Explanation

The Marathi thriller Ghaath was selected as India's official entry for the Oscars 2027 in the Best International Feature Film category. The selection concerned this specific Marathi film rather than a film from another language or genre.

20. Which aircraft did Hindustan Aeronautics Limited hand over to the Indian Air Force?

A. Four Dhruv helicopters and two Tejas light combat aircraft

B. Three HTT-40 light combat aircraft and two Dhruv helicopters

C. Two Tejas light combat aircraft and three HTT-40 basic trainers

D. Two Tejas basic trainers and three HTT-40 light combat aircraft

Answer: (C)

Explanation

Hindustan Aeronautics Limited handed over two Tejas light combat aircraft with final operational clearance and three HTT-40 basic trainer aircraft to the Indian Air Force. The Dhruv helicopters were handed over to Pawan Hans instead.

21. Which organization received four Dhruv next-generation helicopters from Hindustan Aeronautics Limited?

A. The Reserve Bank of India

B. Pawan Hans Limited

C. Noviio

D. The Indian Air Force

Answer: (B)

Explanation

Four Dhruv next-generation helicopters were handed over to Pawan Hans Limited. The Indian Air Force received the Tejas and HTT-40 aircraft in the separate handover.

22. Where did India successfully test its indigenous KAL long-range one-way attack drone?

A. A helicopter facility operated by Pawan Hans

B. The Pokhran field firing range in Rajasthan

C. An airbase in Bengaluru, Karnataka

D. The Global FinTech Fest venue in Mumbai

Answer: (B)

Explanation

India tested the KAL drone at the Pokhran field firing range in Rajasthan. The other locations are associated with financial events, aircraft handover details, or helicopter operations rather than this test.

23. Which combination correctly describes the reported capabilities of the KAL attack drone?

A. A 500-kilometre range, three hours of endurance, and a 25-kilogram explosive payload

B. A 5,000-kilometre range, seven to eight hours of endurance, and a 50-kilogram explosive payload

C. A 1,000-kilometre range, seven to eight hours of endurance, and a 50-kilogram explosive payload

D. A 1,000-kilometre range, two hours of endurance, and a 100-kilogram explosive payload

Answer: (C)

Explanation

The KAL drone was reported to have a range of 1,000 kilometres, endurance of seven to eight hours, and capacity for 50 kilograms of explosives. Its operating altitude was reported separately as 5,000 metres, not as its range.

24. What was distinctive about the reported discovery of Leopardus tigrillo in Bolivia?

A. It was a leopard species found in a dry forest after about seventy years without a comparable feline discovery.

B. It was a true tiger species found in a protected grassland after about five decades without a comparable animal discovery.

C. It was a mountain-cat species found in the Amazon basin after about two centuries without a comparable mammal discovery.

D. It was a tiger-cat species found in the Yungas cloud forest after about a century without a comparable living-felid discovery.

Answer: (D)

Explanation

Leopardus tigrillo was reported as a tiger-cat species from Bolivia’s Yungas cloud forest after approximately 100 years without a comparable living-felid discovery. It was not identified as a true tiger, which is the key distinction in the common confusion.

25. Which activity best illustrates the difference between taolu and sanda in wushu?

A. A competitor completes an endurance race in taolu, while another demonstrates synchronized group movements in sanda.

B. A competitor performs a solo weapon routine in taolu, while another engages in protected one-on-one combat in sanda.

C. A competitor enters a team relay in taolu, while another performs a judged dance routine in sanda.

D. A competitor practices protected combat in taolu, while another performs a solo weapon routine in sanda.

Answer: (B)

Explanation

Taolu consists of solo performances involving weapons or routines, whereas sanda is a protected one-on-one combat format. Treating the two formats as reversed confuses their defining activities.

26. What is significant about India’s role in the 11th Asian Senior Wushu Championships?

A. India will organize the championships annually beginning in 2028.

B. India will host the championships for the first time in 2028.

C. India will compete in the championships for the first time in 2028.

D. India will replace Macau as the permanent host beginning in 2028.

Answer: (B)

Explanation

India is scheduled to host the 11th Asian Senior Wushu Championships for the first time in 2028. The fact concerns India’s first hosting opportunity, not its first participation or a permanent hosting arrangement.

27. Which statement correctly identifies the state and focus of the Svamitva Adhikar Abhilekh Nirman Evam Panchayat Yojana?

A. Rajasthan launched it as a large-scale rural housing construction scheme.

B. Madhya Pradesh launched it as a large-scale urban property taxation scheme.

C. Rajasthan launched it as a large-scale urban land allocation scheme.

D. Madhya Pradesh launched it as a large-scale rural property registration scheme.

Answer: (D)

Explanation

Madhya Pradesh became the first Indian state to launch the scheme for large-scale rural property registration. The programme is focused on rural property records, not urban taxation or housing construction.

28. How does the scheme seek to strengthen rural land ownership records?

A. By replacing village records with urban land certificates.

B. By mapping and registering rural properties.

C. By constructing new homes on unregistered rural plots.

D. By transferring rural properties directly to local councils.

Answer: (B)

Explanation

Mapping and registering rural properties strengthens the accuracy and formal basis of ownership records. These activities document ownership rather than transferring ownership by themselves.

29. What benefit is available for approximately 50 lakh rural properties under the scheme?

A. They can be registered free of charge through special camps at the panchayat level.

B. They can be auctioned through special markets at the state level.

C. They can receive urban development permits through municipal registration centers.

D. They can receive subsidized construction through district-level housing offices.

Answer: (A)

Explanation

Approximately 50 lakh rural properties can be registered without charge through special camps conducted at the panchayat level. The benefit concerns property registration and does not provide construction assistance or urban permits.