Free · 10 questions · about 5 minutes

Daily Ten Friday, 6 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 Cyber security

   The advisory on AI-driven attacks on banks’ payment systems, reported on 5 Nov 2026, came from:

   1. A I4C and CERT-In
   2. B RBI and NPCI
   3. C SEBI and IRDAI
   4. D DICGC and NABARD
   Show the answer

   Answer: A. It was issued by the National Cybercrime Threat Analysis Unit of I4C and by CERT-In, to banks, NBFCs and fintechs.

   Source: I4C and CERT-In advisory, reported by ANI on 5 Nov 2026

2. Question 2 Central banks

   On 5 Nov 2026 the Bank of England raised Bank Rate to:

   1. A 3.75%
   2. B 4.00%
   3. C 4.25%
   4. D 4.50%
   Show the answer

   Answer: B. It rose by 25 basis points from 3.75% to 4%, on an 8–1 vote.

   Source: Bank of England decision of 5 Nov 2026

3. Question 3 Payments

   As NPCI told the Supreme Court, MDR of up to 0.4% is to apply to person-to-merchant UPI payments above:

   1. A ₹500
   2. B ₹1,000
   3. C ₹2,000
   4. D ₹5,000
   Show the answer

   Answer: C. It covers only such payments above ₹2,000, about 4% of them. Person-to-person transfers stay free.

   Source: NPCI affidavit, reported by LiveLaw on 5 Nov 2026

4. Question 4 Capital markets

   Under SEBI’s circular of 5 Nov 2026, the securities-market exposure route to accredited investor status needs an individual to hold at least:

   1. A ₹1 crore
   2. B ₹2 crore
   3. C ₹3 crore
   4. D ₹5 crore
   Show the answer

   Answer: D. The minimum is ₹5 crore for individuals, HUFs, family trusts and sole proprietorships, and ₹20 crore for bodies corporate and other trusts.

   Source: SEBI circular of 5 Nov 2026

5. Question 5 Priority sector

   The overall priority sector lending target for domestic scheduled commercial banks is:

   1. A 18% of ANBC
   2. B 40% of ANBC or CEOBE, whichever is higher
   3. C 60% of ANBC
   4. D 75% of ANBC
   Show the answer

   Answer: B. The overall target is 40% of Adjusted Net Bank Credit or Credit Equivalent of Off-Balance Sheet Exposure, whichever is higher.

   Source: RBI Master Directions on Priority Sector Lending

6. Question 6 SARFAESI

   A notice under Section 13(2) of the SARFAESI Act gives the borrower how long to pay?

   1. A 15 days
   2. B 30 days
   3. C 60 days
   4. D 90 days
   Show the answer

   Answer: C. The borrower must discharge the liability within 60 days from the date of the notice.

   Source: SARFAESI Act, 2002, Section 13(2)

7. Question 7 BR Act

   Banks maintain the Statutory Liquidity Ratio under which section of the Banking Regulation Act, 1949?

   1. A Section 5
   2. B Section 12
   3. C Section 18
   4. D Section 24
   Show the answer

   Answer: D. Section 24 requires banks to maintain liquid assets, known as SLR. Section 18 deals with the cash reserve of non-scheduled banks.

   Source: Banking Regulation Act, 1949, Section 24

8. Question 8 NPA

   A term loan becomes a non-performing asset when interest or instalment stays overdue for more than:

   1. A 90 days
   2. B 60 days
   3. C 120 days
   4. D 180 days
   Show the answer

   Answer: A. Under RBI’s prudential norms, a term loan is an NPA if interest or principal stays overdue for more than 90 days.

   Source: RBI prudential norms on income recognition and asset classification

9. Question 9 Banker and customer

   A banker’s general lien rests on which section of the Indian Contract Act, 1872?

   1. A Section 148
   2. B Section 171
   3. C Section 172
   4. D Section 182
   Show the answer

   Answer: B. Section 171 gives bankers a general lien over goods and securities bailed to them, as security for a general balance of account.

   Source: Indian Contract Act, 1872, Section 171

10. Question 10 Cheques

    For how long from its date is a cheque valid for payment?

    1. A One month
    2. B Two months
    3. C Three months
    4. D Six months
    Show the answer

    Answer: C. RBI cut the validity of cheques, drafts and pay orders from six months to three months, from 1 April 2012.

    Source: RBI directive on validity of cheques, effective 1 April 2012