Free · 10 questions · about 5 minutes

Daily Ten Wednesday, 11 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 Global economy

   In his speech of 10 Nov 2026, Fed Governor Waller said he would support what move at the Fed's December meeting?

   1. A A 25 basis point cut
   2. B No change
   3. C A 25 basis point increase
   4. D Ending the meeting early
   Show the answer

   Answer: C. Waller said he would support a 25 basis point increase in December, and that 50 basis points should be considered if October core inflation was about 0.3% or higher.

   Source: Speech by Governor Waller, Federal Reserve Board, 10 Nov 2026

2. Question 2 Global economy

   US core consumer prices for October 2026, released on 10 Nov, rose month on month by:

   1. A 0.3%
   2. B 0.1%
   3. C 0.6%
   4. D 0.9%
   Show the answer

   Answer: A. Core prices rose 0.3% and all items rose 0.4% in October, per US Labor Department data.

   Source: BLS data of 10 Nov 2026, as reported by Yahoo Finance and Quartz

3. Question 3 Forex

   Under SEBI's circular of 5 Nov 2026, clients can hold rupee-pair currency derivative positions without showing underlying exposure up to:

   1. A $1 million
   2. B $100 million
   3. C $10 million
   4. D $5 million
   Show the answer

   Answer: D. The single limit is $5 million, across all rupee pairs and exchanges.

   Source: SEBI circular of 5 Nov 2026

4. Question 4 Government securities

   The notified amount for the 6.94% GS 2036 auction on 13 Nov 2026 is:

   1. A ₹20,000 crore
   2. B ₹34,000 crore
   3. C ₹50,000 crore
   4. D ₹2,000 crore
   Show the answer

   Answer: B. The government will sell ₹34,000 crore and may keep up to ₹2,000 crore more.

   Source: RBI auction notice of 9 Nov 2026, as reported by Outlook Money

5. Question 5 Cyber fraud

   A customer has just lost money to an online investment scam. Which number should they call at once?

   1. A 100
   2. B 112
   3. C 1930
   4. D 14440
   Show the answer

   Answer: C. 1930 is the national cyber fraud helpline run under I4C; complaints can also be filed at cybercrime.gov.in.

   Source: Indian Cybercrime Coordination Centre (MHA)

6. Question 6 NBFCs

   An NBFC must hold a Certificate of Registration from RBI under which section of the RBI Act, 1934?

   1. A Section 45-IA
   2. B Section 17
   3. C Section 42
   4. D Section 7
   Show the answer

   Answer: A. Section 45-IA bars a company from carrying on the business of a non-banking financial institution without RBI's Certificate of Registration.

   Source: Reserve Bank of India Act, 1934, Section 45-IA

7. Question 7 BR Act

   Under Section 36ACA of the Banking Regulation Act, 1949, RBI can supersede the board of a banking company for a period not exceeding:

   1. A Three months
   2. B Six months
   3. C Five years
   4. D Twelve months
   Show the answer

   Answer: D. Section 36ACA allows supersession for up to 12 months, after consulting the Central Government.

   Source: Banking Regulation Act, 1949, Section 36ACA

8. Question 8 KYC

   Under RBI's KYC Master Direction, the KYC of a high-risk customer must be updated at least once every:

   1. A One year
   2. B Two years
   3. C Eight years
   4. D Ten years
   Show the answer

   Answer: B. Periodic updation is at least once every 2 years for high-risk, 8 years for medium-risk and 10 years for low-risk customers.

   Source: RBI Master Direction – Know Your Customer (KYC) Direction, 2016

9. Question 9 Customer service

   Under the RBI Integrated Ombudsman Scheme, 2021, a customer can approach the Ombudsman if the bank has not replied to the complaint within:

   1. A 7 days
   2. B 15 days
   3. C 30 days
   4. D 90 days
   Show the answer

   Answer: C. A complaint can go to the RBI Ombudsman if the bank rejects it, gives an unsatisfactory reply or does not reply within 30 days.

   Source: Reserve Bank – Integrated Ombudsman Scheme, 2021

10. Question 10 NI Act

    A cheque is normally valid for payment for how long from its date?

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

    Answer: A. RBI reduced cheque validity to three months from 1 April 2012.

    Source: RBI circular on validity of cheques, drafts, pay orders and banker's cheques, 2011