Free · 10 questions · about 5 minutes

Daily Ten Sunday, 8 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 NBFCs

   RBI data released on 6 Nov 2026 show NBFC credit grew year on year in September 2026 by:

   1. A 13.3%
   2. B 15.4%
   3. C 21.9%
   4. D 7.4%
   Show the answer

   Answer: B. NBFC credit grew 15.4% in September 2026, against 13.3% a year earlier; 21.9% was retail and 7.4% industry.

   Source: RBI release of 6 Nov 2026 (ANI)

2. Question 2 FDI and ODI

   RBI’s census released on 6 Nov 2026 puts the ratio of inward to outward direct investment at end-March 2026 at:

   1. A 5.5 times
   2. B 3.1 times
   3. C 6.2 times
   4. D 4.2 times
   Show the answer

   Answer: D. The ratio fell to 4.2 times from 5.5 times a year earlier as outward investment grew faster.

   Source: RBI Census on Foreign Liabilities and Assets 2025-26 (ANI)

3. Question 3 Capital markets

   Under SEBI’s Settlement Regulations, 2026, in force from 7 Nov 2026, the minimum settlement amount for a first-time applicant is:

   1. A ₹3 lakh
   2. B ₹1 lakh
   3. C ₹7 lakh
   4. D ₹10 lakh
   Show the answer

   Answer: A. The minimum is ₹3 lakh for first-time applicants and ₹7 lakh for others.

   Source: SEBI release (ANI, Business Today), Nov 2026

4. Question 4 Global economy

   The US unemployment rate for October 2026, released on 6 Nov, was:

   1. A 3.9%
   2. B 4.4%
   3. C 4.1%
   4. D 4.7%
   Show the answer

   Answer: C. The Bureau of Labor Statistics put it at 4.1%, with payrolls up 165,000.

   Source: US BLS Employment Situation, 6 Nov 2026

5. Question 5 Payments

   A caller says you must enter your UPI PIN to receive a cashback. To receive money on UPI, you need to enter your PIN:

   1. A Every time
   2. B Never
   3. C Only above ₹2,000
   4. D Only for cashback
   Show the answer

   Answer: B. The UPI PIN is needed only to send money or check a balance; receiving money never needs it.

   Source: NPCI safety advice

6. Question 6 IBC

   Under the Insolvency and Bankruptcy Code, 2016, the adjudicating authority for insolvency of a personal guarantor to a corporate debtor is:

   1. A Debts Recovery Tribunal
   2. B High Court
   3. C National Company Law Tribunal
   4. D RBI
   Show the answer

   Answer: C. Section 60 of the IBC makes the NCLT the authority for personal guarantors of corporate debtors.

   Source: IBC, 2016, Section 60

7. Question 7 IBC

   Under Section 12 of the IBC, a corporate insolvency resolution process must normally be completed within:

   1. A 90 days
   2. B 270 days
   3. C 365 days
   4. D 180 days
   Show the answer

   Answer: D. The CIRP is to finish within 180 days, extendable once by up to 90 days, with an outer limit of 330 days.

   Source: IBC, 2016, Section 12

8. Question 8 Monetary policy

   When RBI conducts a variable rate repo auction under the LAF, it:

   1. A Injects liquidity into the banking system
   2. B Absorbs surplus liquidity
   3. C Changes the policy repo rate
   4. D Sells government bonds outright
   Show the answer

   Answer: A. In a repo, RBI lends to banks against securities, adding liquidity; a reverse repo absorbs it.

   Source: RBI liquidity adjustment facility

9. Question 9 KYC

   Which of these is NOT an officially valid document (OVD) for KYC under RBI’s KYC directions?

   1. A Passport
   2. B Voter ID card
   3. C PAN card
   4. D Driving licence
   Show the answer

   Answer: C. PAN (or Form 60) is collected separately; the OVD list includes passport, driving licence, proof of Aadhaar, voter ID, NREGA job card and NPR letter.

   Source: RBI Master Direction on KYC, 2016

10. Question 10 Gold loans

    Under RBI’s directions on lending against gold and silver collateral, the maximum loan-to-value ratio for a consumption gold loan up to ₹2.5 lakh is:

    1. A 75%
    2. B 80%
    3. C 85%
    4. D 90%
    Show the answer

    Answer: C. The cap is 85% up to ₹2.5 lakh, 80% above ₹2.5 lakh up to ₹5 lakh, and 75% above ₹5 lakh.

    Source: RBI (Lending Against Gold and Silver Collateral) Directions, 2025