Free · 10 questions · about 5 minutes

Daily Ten Wednesday, 4 November 2026

Tap an answer to see if you are right and why. Some questions come from today’s Morning Brief, the rest from the promotion and JAIIB/CAIIB syllabus.

1. Question 1 Bank results

   SBI’s gross NPA ratio on 30 September 2026 was:

   1. A 0.36%
   2. B 1.39%
   3. C 1.73%
   4. D 3.11%
   Show the answer

   Answer: B. SBI reported gross NPA at 1.39% of gross advances, down from 1.73% a year earlier; net NPA was 0.36%.

   Source: SBI results, 3 Nov 2026

2. Question 2 FEMA

   Under the FEMA amendment dated 2 Nov 2026, a company exporting services is deemed to have filed the EDF for a single inward remittance of up to:

   1. A ₹1 lakh
   2. B ₹5 lakh
   3. C ₹25 lakh
   4. D ₹10 lakh
   Show the answer

   Answer: D. The deemed filing applies to exporters other than resident individuals up to ₹10 lakh a remittance; resident individuals have no value limit.

   Source: RBI Notification FEMA 23(R)/(2)/2026-RB

3. Question 3 Central banks

   On 3 Nov 2026 the Reserve Bank of Australia raised its cash rate target to:

   1. A 4.35%
   2. B 4.60%
   3. C 4.85%
   4. D 5.10%
   Show the answer

   Answer: C. The RBA raised the target by 25 basis points, from 4.60% to 4.85%.

   Source: Reserve Bank of Australia, 3 Nov 2026

4. Question 4 Pensions

   Which body runs the nationwide Digital Life Certificate campaign of 1–30 November 2026?

   1. A Department of Pension & Pensioners’ Welfare
   2. B Reserve Bank of India
   3. C PFRDA
   4. D Indian Banks’ Association
   Show the answer

   Answer: A. The Department of Pension & Pensioners’ Welfare runs the campaign with pension-paying banks, IPPB and other partners.

   Source: Department of Pension & Pensioners’ Welfare

5. Question 5 CRR and SLR

   Scheduled banks maintain the Cash Reserve Ratio with RBI under:

   1. A Section 24 of the Banking Regulation Act, 1949
   2. B Section 42 of the RBI Act, 1934
   3. C Section 17 of the RBI Act, 1934
   4. D Section 35A of the Banking Regulation Act, 1949
   Show the answer

   Answer: B. CRR comes from Section 42 of the RBI Act, 1934; SLR comes from Section 24 of the Banking Regulation Act, 1949.

   Source: RBI Act, 1934, Section 42

6. Question 6 NI Act

   A cheque returns unpaid. Under Section 138 of the NI Act, the payee must send the demand notice within how many days of learning this?

   1. A 30 days
   2. B 15 days
   3. C 45 days
   4. D 60 days
   Show the answer

   Answer: A. The written demand must go within 30 days of the payee learning of the return; the drawer then has 15 days from receipt to pay.

   Source: Negotiable Instruments Act, 1881, Section 138

7. Question 7 Payments

   The minimum amount for an RTGS transaction is:

   1. A ₹1 lakh
   2. B ₹5 lakh
   3. C ₹2 lakh
   4. D No minimum
   Show the answer

   Answer: C. RTGS is meant for large-value payments, with a ₹2 lakh minimum and no upper ceiling.

   Source: RBI FAQs on RTGS

8. Question 8 FEMA

   The Foreign Exchange Management Act, 1999 came into force on:

   1. A 1 April 1999
   2. B 15 August 1999
   3. C 1 January 2000
   4. D 1 June 2000
   Show the answer

   Answer: D. FEMA replaced the Foreign Exchange Regulation Act, 1973 and took effect on 1 June 2000.

   Source: Foreign Exchange Management Act, 1999

9. Question 9 Bank ownership

   Under Section 12B of the Banking Regulation Act, 1949, RBI’s prior approval is needed to acquire what share or more of a bank?

   1. A 2%
   2. B 10%
   3. C 5%
   4. D 26%
   Show the answer

   Answer: C. Section 12B requires prior RBI approval for an acquisition that takes a holding to 5% or more of the paid-up capital or voting rights.

   Source: Banking Regulation Act, 1949, Section 12B

10. Question 10 NPA

    An asset is classified as sub-standard if it has been an NPA for:

    1. A Up to 3 months
    2. B Up to 6 months
    3. C Up to 18 months
    4. D Up to 12 months
    Show the answer

    Answer: D. A sub-standard asset has remained NPA for 12 months or less; after that it becomes doubtful.

    Source: RBI Master Circular – IRACP norms