Free · 10 questions · about 5 minutes

Daily Ten Monday, 9 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 Loan pricing

   From 12 Nov 2026, Canara Bank's one-year MCLR is:

   1. A 8.75%
   2. B 8.90%
   3. C 9.15%
   4. D 9.20%
   Show the answer

   Answer: B. Canara raised all MCLR tenors by 10 bps from 12 Nov 2026; the one-year rate went from 8.80% to 8.90%.

   Source: Canara Bank exchange filing, 7 Nov 2026

2. Question 2 Capital markets

   Net FPI investment in Indian equities in the first week of November 2026 was about:

   1. A ₹4,319 crore
   2. B ₹19,000 crore
   3. C ₹38,971 crore
   4. D ₹52,878 crore
   Show the answer

   Answer: C. Depository data put it at ₹38,971 crore, of which ₹38,519 crore came through the exchanges.

   Source: NSDL data, reported by ANI and News On AIR, 8 Nov 2026

3. Question 3 Cyber security

   CERT-In functions as India's national agency for cyber incidents under which provision of the Information Technology Act, 2000?

   1. A Section 43A
   2. B Section 66C
   3. C Section 79
   4. D Section 70B
   Show the answer

   Answer: D. Section 70B provides for the Indian Computer Emergency Response Team.

   Source: Information Technology Act, 2000, Section 70B

4. Question 4 Economic indicators

   Under MoSPI's advance release calendar for 2026-27, October 2026 CPI is due on:

   1. A 12 November
   2. B 10 November
   3. C 28 November
   4. D 30 November
   Show the answer

   Answer: A. The calendar lists CPI for 12 Nov; PLFS quarterly is 10 Nov, IIP 28 Nov and GDP 30 Nov.

   Source: MoSPI Advance Release Calendar 2026-27

5. Question 5 Loan pricing

   Banks must review and publish their MCLR at intervals of:

   1. A One week
   2. B One fortnight
   3. C One month
   4. D One quarter
   Show the answer

   Answer: C. RBI's directions on interest rates on advances require banks to publish MCLR of different maturities every month on a pre-announced date.

   Source: RBI directions on interest rate on advances

6. Question 6 Loan pricing

   Under external benchmark lending, the interest rate must be reset at least once in:

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

   Answer: D. RBI's September 2019 circular requires the rate under an external benchmark to be reset at least once in three months.

   Source: RBI circular of 4 Sept 2019 on external benchmark lending

7. Question 7 BR Act

   Under the Banking Regulation Act, 1949, the definition of banking is in:

   1. A Section 5(b)
   2. B Section 6
   3. C Section 22
   4. D Section 35A
   Show the answer

   Answer: A. Section 5(b) defines banking as accepting, for lending or investment, deposits of money from the public, repayable on demand or otherwise.

   Source: Banking Regulation Act, 1949, Section 5(b)

8. Question 8 Contract law

   A contract of indemnity is defined under which section of the Indian Contract Act, 1872?

   1. A Section 126
   2. B Section 124
   3. C Section 148
   4. D Section 172
   Show the answer

   Answer: B. Section 124 defines indemnity; Section 126 is guarantee, 148 bailment and 172 pledge.

   Source: Indian Contract Act, 1872, Section 124

9. Question 9 Payments

   The minimum amount for an RTGS transaction is:

   1. A ₹50,000
   2. B ₹1 lakh
   3. C ₹5 lakh
   4. D ₹2 lakh
   Show the answer

   Answer: D. RTGS is meant for large-value transfers, with a minimum of ₹2 lakh and no upper limit set by RBI.

   Source: RBI FAQs on RTGS

10. Question 10 Deposits

    The permitted term of an FCNR(B) deposit is:

    1. A 7 days to 1 year
    2. B 6 months to 3 years
    3. C 1 year to 5 years
    4. D 1 year to 10 years
    Show the answer

    Answer: C. FCNR(B) deposits can be held for a minimum of one year and a maximum of five years.

    Source: RBI Master Direction on Deposits and Accounts (FEMA)