1. What share of eligible GST refund claims will be sanctioned automatically after risk assessment, per the 57th GST Council meeting?
Answer: D. The Council decided that 90% of eligible refund claims will be sanctioned on an automated basis after risk assessment.
2. PNB raised its repo-linked lending rate from 8.10% to which rate after the RBI's October 2026 hike?
Answer: D. PNB, Indian Overseas Bank and Bank of India all moved from 8.10% to 8.35%.
3. In RBI consumer confidence surveys, which value of the CSI or FEI marks the neutral level?
Answer: C. A reading of 100 is neutral; above 100 signals optimism and below 100 pessimism.
4. On which portal must participants request early reversal of RBI's VRRR funds?
Answer: D. Early reversal requests must be placed on the RBI's E-Kuber portal at least two working days before the reversal date.
5. What is the stated role of the RBI's new Technical Consultative Committee for Financial Markets?
Answer: C. The RBI described it as a forum for structured engagement with market participants and stakeholders.
6. What export target for the current fiscal did Commerce Minister Piyush Goyal express confidence in on 8 October 2026?
Answer: D. Goyal said India is looking at USD 1 trillion in goods and services exports this fiscal, up from USD 863 billion in 2025-26.
7. Under which ministry's mission was the India launch of World Development Report 2026 organised with the World Bank Group?
Answer: E. The launch was organised by the IndiaAI Mission of MeitY in collaboration with the World Bank Group.
8. Procurement from SC/ST-owned MSEs under NSSH reached what level in 2025-26?
Answer: D. Procurement rose nearly 39-fold from ₹99.37 crore in 2015-16 to ₹4,013.42 crore in 2025-26.
9. The Supreme Court's committee will examine whether which of the following needs statutory regulation?
Answer: D. The panel will study whether pharmaceutical marketing practices, including gifts and benefits to doctors, need a statutory framework.
10. Which amendment removed presentation of election petitions through an authorised person or by registered post under the RP Act, 1951?
Answer: C. The Representation of the People (Amendment) Act, 1966 removed these alternatives, the Supreme Court noted.
11. How many professionals did India offer to train on grid connectivity at the 22nd ASEAN-India Summit in 2025?
Answer: D. PM Modi announced India would train 400 professionals on grid connectivity for the ASEAN Power Grid.
12. The Abe Memorial Corridor in Varanasi honours a former Prime Minister of which country?
Answer: B. It honours Shinzo Abe, former Prime Minister of Japan, for his contribution to India-Japan friendship.
13. Under speed breeding at IIAB Ranchi, plants receive up to how many hours of light per day?
Answer: D. Plants get up to 16 hours of light daily with controlled temperature, speeding up their growth cycle.
14. What is the motto of the Indian Air Force?
Answer: B. The IAF motto 'Nabhah Sprisham Diptam' means Touch the Sky with Glory, taken from the Bhagavad Gita.
15. India's Gross Expenditure on R&D in 2013-14 was about Rs 46,000-47,000 crore. What level did Dr Jitendra Singh say it has now reached?
Answer: C. He said GERD rose to about Rs 2-2.5 lakh crore from Rs 46,000-47,000 crore in 2013-14.