Free · 10 questions · about 5 minutes

Daily Ten Tuesday, 10 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, Bank of Baroda's one-year MCLR is:

   1. A 8.70%
   2. B 8.85%
   3. C 8.75%
   4. D 8.90%
   Show the answer

   Answer: B. The bank raised its one-year MCLR by 10 bps, from 8.75% to 8.85%.

   Source: Bank of Baroda filing of 9 Nov 2026, reported by Free Press Journal

2. Question 2 Markets

   Which index rose 3.7% on 9 Nov 2026?

   1. A Nifty IT
   2. B Nifty Pharma
   3. C Nifty PSU Bank
   4. D Nifty Auto
   Show the answer

   Answer: C. Nifty PSU Bank rose 3.7%, while Nifty IT fell about 1.2% and Pharma rose about 1.6%.

   Source: HDFC Sky market report, 9 Nov 2026

3. Question 3 Provisioning

   As reported, the expected credit loss framework takes effect from:

   1. A 1 April 2027
   2. B 1 October 2026
   3. C 1 April 2026
   4. D 1 January 2028
   Show the answer

   Answer: A. Coverage on 9 Nov 2026 gives 1 April 2027 as the start date.

   Source: Angel One, 9 Nov 2026

4. Question 4 Economic indicators

   India's retail inflation for September 2026 (2024 base) was:

   1. A 4.83%
   2. B 5.50%
   3. C 2.74%
   4. D 5.54%
   Show the answer

   Answer: D. September CPI rose to 5.54% from 4.83% in August.

   Source: MoSPI data, reported by Business Standard, 9 Nov 2026

5. Question 5 SARFAESI

   Under Section 13(2) of the SARFAESI Act, 2002, the borrower gets how long to discharge liabilities after the demand notice?

   1. A 30 days
   2. B 45 days
   3. C 60 days
   4. D 90 days
   Show the answer

   Answer: C. Section 13(2) gives the borrower 60 days from the date of notice.

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

6. Question 6 NPA

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

   1. A 90 days
   2. B 30 days
   3. C 60 days
   4. D 180 days
   Show the answer

   Answer: A. RBI's income recognition norms use the 90-day overdue test for term loans.

   Source: RBI IRAC norms

7. Question 7 NI Act

   Under Section 138 of the Negotiable Instruments Act, 1881, the payee must send a demand notice within how long of learning the cheque was dishonoured?

   1. A 15 days
   2. B 7 days
   3. C 45 days
   4. D 30 days
   Show the answer

   Answer: D. Section 138 proviso (b) requires the notice within 30 days of receiving information from the bank.

   Source: NI Act, 1881, Section 138

8. Question 8 BR Act

   RBI's power to issue directions to banks in the public interest comes from which section of the Banking Regulation Act, 1949?

   1. A Section 5
   2. B Section 35A
   3. C Section 22
   4. D Section 56
   Show the answer

   Answer: B. Section 35A empowers RBI to give directions to banking companies.

   Source: Banking Regulation Act, 1949, Section 35A

9. Question 9 Priority sector

   The overall priority sector lending target for domestic scheduled commercial banks (other than RRBs and SFBs) is what share of ANBC or CEOBE, whichever is higher?

   1. A 18%
   2. B 32%
   3. C 40%
   4. D 75%
   Show the answer

   Answer: C. The overall target is 40%. RBI's drafts of 5 Nov 2026 are only proposals until final.

   Source: RBI Master Directions on Priority Sector Lending

10. Question 10 FEMA

    Under FEMA, 1999, a person is broadly resident in India if they stayed in India during the preceding financial year for more than:

    1. A 120 days
    2. B 90 days
    3. C 240 days
    4. D 182 days
    Show the answer

    Answer: D. Section 2(v) uses a stay of more than 182 days in the preceding financial year.

    Source: FEMA, 1999, Section 2(v)