UPSC Current Affairs Quiz — 12 October 2026

1.

Consider the following statements about the chocolate mahseer (Neolissochilus hexagonolepis), the State fish of Sikkim:

1.It belongs to the carp family, Cyprinidae.

2.It is a strict carnivore that feeds mainly on smaller fish.

3.Its adults typically live in fast-flowing streams and rivers with rocky beds.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Chocolate Mahseer: Sikkim's State Fish Released Into the Rangeet Open full article →

2.

Match List I with List II:

List I (Mahseer)

A. Chocolate mahseer (Neolissochilus hexagonolepis)

B. Golden mahseer (Tor putitora)

C. Hump-backed mahseer (Tor remadevii)

D. Deccan mahseer (Tor khudree)

List II (Category on the Red List of the International Union for Conservation of Nature)

1.Critically Endangered

2.Endangered

3.Near Threatened

4.Least Concern

Select the correct answer using the code given below:

A-2, B-3, C-1, D-4 A-3, B-1, C-2, D-4 A-4, B-2, C-1, D-3 A-3, B-2, C-1, D-4

From: Chocolate Mahseer: Sikkim's State Fish Released Into the Rangeet Open full article →

3.

Consider the following statements:

Statement-I: Fish fitted with numbered T-bar anchor tags, as chocolate mahseer were in the Teesta in 2018, can be tracked continuously in real time.

Statement-II: Such tags carry a printed serial number but transmit no signal, so information comes only when a tagged fish is caught or seen again.

Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II explains Statement-I Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I Statement-I is correct, but Statement-II is not correct Statement-I is not correct, but Statement-II is correct

From: Chocolate Mahseer: Sikkim's State Fish Released Into the Rangeet Open full article →

4.

The chocolate mahseer migrates upstream within its river system to breed on stones and gravel. Fishes whose migrations take place wholly within fresh water are described as:

Anadromous Catadromous Potamodromous Oceanodromous

From: Chocolate Mahseer: Sikkim's State Fish Released Into the Rangeet Open full article →

5.

Consider the following fishes found in Indian waters:

1.Snow trout (Schizothorax richardsonii)

2.Rainbow trout

3.Golden mahseer (Tor putitora)

4.Hilsa

How many of the above belong to the carp family, Cyprinidae?

Only one Only two Only three All four

From: Chocolate Mahseer: Sikkim's State Fish Released Into the Rangeet Open full article →

6.

Consider the following statements about United Nations food and agriculture agencies:

1.The World Food Programme (WFP) is, like the Food and Agriculture Organization (FAO), a specialised agency of the United Nations.

2.FAO, WFP and the International Fund for Agricultural Development (IFAD) are all headquartered in Rome.

3.The WFP was established in 1961 as a joint effort of the United Nations and FAO.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Agricultural AI: Global Initiative's Second Meeting in New Delhi Open full article →

7.

Consider the following statements about the International Telecommunication Union (ITU):

1.It allocates global radio spectrum and satellite orbits.

2.Its members include companies and universities as well as Member States.

3.It was set up after the Second World War, alongside the United Nations.

4.It works through three Sectors: Radiocommunication, Standardization and Development.

Which of the statements given above are correct?

1 and 2 only 2, 3 and 4 only 1, 2, 3 and 4 1, 2 and 4 only

From: Agricultural AI: Global Initiative's Second Meeting in New Delhi Open full article →

8.

In machine learning, which one of the following terms describes a model that matches its training data so closely that it fails to make correct predictions on new data?

Underfitting Overfitting Generalization Regularization

From: Agricultural AI: Global Initiative's Second Meeting in New Delhi Open full article →

9.

Consider the following statements:

Statement-I: An image-based crop-disease app can be designed to work in fields that have no internet connection.

Statement-II: When the trained model runs on the phone itself, leaf images need not be sent to a remote server for analysis.

Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II explains Statement-I Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I Statement-I is correct, but Statement-II is not correct Statement-I is not correct, but Statement-II is correct

From: Agricultural AI: Global Initiative's Second Meeting in New Delhi Open full article →

10.

Consider the following statements about India's first National Household Travel Survey:

1.It covered villages as well as urban blocks.

2.A trip shorter than one kilometre was not counted as travel.

3.A trip's primary mode was the mode used over the longest distance.

4.Household vehicle ownership was taken in place of recording the modes actually used.

Which of the statements given above are correct?

1, 2 and 3 only 1 and 4 only 2, 3 and 4 only 1, 2, 3 and 4

From: Household Travel Survey: 42.6% of Work Commuters Use Two-Wheelers Open full article →

11.

Consider the following:

1.Meals cooked by household members for their own family

2.Services of paid domestic staff employed by a household

3.Housing services that owner-occupiers provide to themselves

4.Grain grown by a farm household for its own consumption

Under the System of National Accounts, how many of the above fall within the production boundary used to measure gross domestic product?

Only one Only two Only three All four

From: Household Travel Survey: 42.6% of Work Commuters Use Two-Wheelers Open full article →

12.

Consider the following statements about the National Urban Transport Policy, 2006:

1.It was notified by the Ministry of Road Transport and Highways, the central ministry for urban transport.

2.It seeks a more equitable allocation of road space, with people rather than vehicles as its main focus.

3.It envisages integrating land use with transport planning.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Household Travel Survey: 42.6% of Work Commuters Use Two-Wheelers Open full article →

13.

Consider the following statements about the Metro Rail Policy, 2017:

1.It mandates an Alternatives Analysis of other mass transit modes.

2.It requires States to commit to last-mile links, such as walking and cycling paths.

3.It makes an Urban Metropolitan Transport Authority optional for States.

4.It makes private participation a condition for central assistance.

Which of the statements given above are correct?

1 and 3 only 2, 3 and 4 only 1, 2 and 4 only 1, 2, 3 and 4

From: Household Travel Survey: 42.6% of Work Commuters Use Two-Wheelers Open full article →

14.

Consider the following statements about the India-United Kingdom Vision 2035:

1.It was endorsed by the Prime Ministers of the two countries in July 2025.

2.Its defence provisions include a ten-year Defence Industrial Roadmap.

3.It reaffirms the United Kingdom as the regional hub for logistics support to Indian forces in the Indian Ocean Region.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Exercise KONKAN-2026: Indian Frigate Trishul Arrives at Plymouth Open full article →

15.

Consider the following statements about coastal landforms:

1.The east coast of India is a high rocky coast on which erosional forms dominate.

2.Sea stacks are resistant masses of rock left standing off the shore as sea cliffs retreat.

3.Sand dunes forming long ridges parallel to the coastline are common along low sedimentary coasts.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Exercise KONKAN-2026: Indian Frigate Trishul Arrives at Plymouth Open full article →

16.

Plymouth Sound in south-west England is fed by the Tamar, Tavy and Lynher, whose lower valleys were flooded by the sea after the last glaciation. Such drowned river valleys in areas of high relief are called:

Fjords Lagoons Deltas Rias

From: Exercise KONKAN-2026: Indian Frigate Trishul Arrives at Plymouth Open full article →

17.

Consider the following statements:

1.India launched the Indo-Pacific Oceans' Initiative (IPOI) at the East Asia Summit in 2019, with maritime security as one of its pillars.

2.India-United Kingdom Vision 2035 proposes a Regional Maritime Security Centre of Excellence under the IPOI.

Which of the statements given above is/are correct?

1 only 2 only Both 1 and 2 Neither 1 nor 2

From: Exercise KONKAN-2026: Indian Frigate Trishul Arrives at Plymouth Open full article →

18.

Consider the following statements about the Global Innovation Index (GII):

1.Since 2021, the World Intellectual Property Organization (WIPO) has been its sole publisher.

2.It measures innovation only through research and development spending and patent counts.

3.Its statistical soundness is audited every year by the European Commission's Joint Research Centre.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Global Innovation Index 2026: India Ranks 38th of 139 Economies Open full article →

19.

Consider the following international agreements:

1.Paris Convention for the Protection of Industrial Property

2.Berne Convention for the Protection of Literary and Artistic Works

3.Patent Cooperation Treaty

4.Agreement on Trade-Related Aspects of Intellectual Property Rights

Which of the above are administered by the World Intellectual Property Organization (WIPO)?

1 and 2 only 2, 3 and 4 only 1, 2, 3 and 4 1, 2 and 3 only

From: Global Innovation Index 2026: India Ranks 38th of 139 Economies Open full article →

20.

Consider the following statements:

Statement-I: In the Global Innovation Index (GII), output indicators receive proportionally greater weight than input indicators.

Statement-II: The GII's Output Sub-Index has fewer pillars than its Input Sub-Index but the same weight.

Statement-III: Since 2012, the GII has reported a confidence interval around each economy's rank.

Which one of the following is correct in respect of the above statements?

Both Statement-II and Statement-III are correct and both of them explain Statement-I Both Statement-II and Statement-III are correct, but only one of them explains Statement-I Only one of Statement-II and Statement-III is correct and that is the explanation of Statement-I Neither Statement-II nor Statement-III is correct

From: Global Innovation Index 2026: India Ranks 38th of 139 Economies Open full article →

21.

Consider the following statements about the Oslo Manual:

1.Eurostat and the Organisation for Economic Co-operation and Development publish it jointly.

2.A product new to the firm, though not to the world, can count as an innovation.

3.Research and development spending is itself counted as an innovation.

4.Its 2018 edition names two types of business innovation: product and business process.

Which of the statements given above are correct?

1 and 3 only 2 and 4 only 1, 2 and 4 only 1, 2, 3 and 4

From: Global Innovation Index 2026: India Ranks 38th of 139 Economies Open full article →

22.

The Global Innovation Index maps the world's top innovation clusters using geographic data. Which one of the following is NOT one of the metrics it uses to identify them?

Locations of inventors named in international patent applications Locations of authors of published scientific articles Locations of venture capital deals Numbers of trademark registrations

From: Global Innovation Index 2026: India Ranks 38th of 139 Economies Open full article →

23.

Consider the following statements about the Amrit Bharat Station Scheme of Indian Railways:

1.It provides for a Master Plan for each selected station, implemented in phases.

2.It provides for high-level platforms only at major stations, leaving smaller ones at rail level.

3.It provides stalls for local products under the 'One Station One Product' scheme.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Amrit Bharat Stations: 26 of 77 in Tamil Nadu Completed Open full article →

24.

Consider the following statements about the Rights of Persons with Disabilities Act, 2016:

1.It requires accessible toilets and ticket counters at railway stations.

2.It requires all old vehicles to be retrofitted, whatever the cost or feasibility.

3.It bars building permission for plans that ignore its accessibility rules.

4.It sets a time limit for making existing public buildings accessible.

Which of the statements given above are correct?

1, 3 and 4 only 1 and 2 only 2, 3 and 4 only 1, 2, 3 and 4

From: Amrit Bharat Stations: 26 of 77 in Tamil Nadu Completed Open full article →

25.

Consider the following statements about the 2023 accessibility guidelines for railway stations:

1.They prescribe the same facilities at every station, whatever its category.

2.They form part of Indian Railways' effort under the Accessible India Campaign (Sugamya Bharat Abhiyan).

3.Stations redeveloped in public-private partnership mode must also follow them.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Amrit Bharat Stations: 26 of 77 in Tamil Nadu Completed Open full article →

26.

The Rights of Persons with Disabilities Act, 2016 defines 'universal design' as the design of products, environments, programmes and services that are:

usable by all people to the greatest extent possible, without the need for adaptation or specialised design reserved for the exclusive use of persons with benchmark disabilities modified in a particular case, without a disproportionate or undue burden, so that a person can exercise rights equally built to one fixed national standard, irrespective of the needs of users

From: Amrit Bharat Stations: 26 of 77 in Tamil Nadu Completed Open full article →

27.

Consider the following statements about Garba of Gujarat:

1.Its dancers move clockwise around a central perforated pot or an image of the goddess.

2.It is a devotional Navaratri dance honouring feminine energy, or Shakti.

3.It is on the Representative List of Intangible Cultural Heritage of the United Nations Educational, Scientific and Cultural Organization (UNESCO).

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Garba: Gujarat's Navratri Dance and Its 2023 UNESCO Recognition Open full article →

28.

Consider the following:

1.Oral traditions and expressions, including language

2.Performing arts

3.Traditional craftsmanship

4.Monuments and archaeological sites

Which of the above are listed as domains of intangible cultural heritage in the 2003 Convention for the Safeguarding of the Intangible Cultural Heritage?

1 and 2 only 1, 3 and 4 only 1, 2, 3 and 4 1, 2 and 3 only

From: Garba: Gujarat's Navratri Dance and Its 2023 UNESCO Recognition Open full article →

29.

Consider the following statements about the 2003 Convention for the Safeguarding of the Intangible Cultural Heritage:

1.It describes such heritage as constantly recreated by communities.

2.Its definition of safeguarding includes transmission through formal and non-formal education.

3.Elements are inscribed on its Representative List on the proposal of the States Parties concerned.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Garba: Gujarat's Navratri Dance and Its 2023 UNESCO Recognition Open full article →

30.

Match List I with List II:

List I (Element on the Representative List of the Intangible Cultural Heritage of Humanity)

A. Ramman

B. Mudiyettu

C. Sankirtana

D. Kalbelia

List II (Where it is practised)

1.Manipur

2.Garhwal Himalayas

3.Rajasthan

4.Keralam (formerly Kerala)

Select the correct answer using the code given below:

A-2, B-4, C-1, D-3 A-4, B-2, C-1, D-3 A-2, B-4, C-3, D-1 A-1, B-4, C-2, D-3

From: Garba: Gujarat's Navratri Dance and Its 2023 UNESCO Recognition Open full article →

31.

Consider the following statements about Exercise INDRA between India and Russia:

1.The first INDRA naval exercise was held in 2003 on both the western and eastern seaboards of India.

2.Its name is derived from the names of the two countries, India and Russia.

3.It has always been confined to the navies of the two countries.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: INDRA-2026: INS Sahyadri Arrives at Vladivostok on 10 October Open full article →

32.

Consider the following statements about the Indian Navy's Shivalik-class frigates:

1.They were the first warships built in India to incorporate stealth features.

2.They were built by Mazagon Dock Limited, Mumbai, under Project 17.

3.The ships of this class are named after Indian mountain ranges.

4.They are designed for a single role, anti-submarine warfare.

Which of the statements given above are correct?

1 and 4 only 1, 2 and 3 only 2, 3 and 4 only 1, 2, 3 and 4

From: INDRA-2026: INS Sahyadri Arrives at Vladivostok on 10 October Open full article →

33.

Consider the following statements about the Trans-Siberian Railway:

1.It runs from St Petersburg in the west to Vladivostok on the Pacific coast, passing through Moscow.

2.It is a single-track line for most of its length.

3.It crosses the Ural Mountains and the Ob and Yenisei rivers.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: INDRA-2026: INS Sahyadri Arrives at Vladivostok on 10 October Open full article →

34.

Consider the following statements:

1.The Western Ghats are known locally as the Sahyadri in Maharashtra.

2.The Eastern Ghats are higher and more continuous than the Western Ghats.

Which of the statements given above is/are correct?

1 only 2 only Both 1 and 2 Neither 1 nor 2

From: INDRA-2026: INS Sahyadri Arrives at Vladivostok on 10 October Open full article →

35.

Consider the following statements about the Mission for Aatmanirbharta in Pulses:

1.It is a six-year mission running from 2025-26 to 2030-31.

2.It plans to expand pulse area through rice fallows and other diversifiable land, and intercropping.

3.It assures purchase at the Minimum Support Price (MSP) of all tur, urad and masoor grown anywhere in India.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Pulses Mission: One Year On, a 350 Lakh Tonne Target for 2030-31 Open full article →

36.

Pulses are the dried edible seeds of leguminous crops. Which one of the following leguminous crops is grouped among oilseeds rather than pulses in India?

Gram Masur (lentil) Urad (black gram) Soybean

From: Pulses Mission: One Year On, a 350 Lakh Tonne Target for 2030-31 Open full article →

37.

Consider the following statements:

Statement-I: Many kharif rice fields in central and eastern India lie uncropped in the rabi season.

Statement-II: An early monsoon withdrawal can leave soils too dry to establish a winter crop.

Statement-III: Winter-crop varieties suited to late planting are often lacking.

Which one of the following is correct in respect of the above statements?

Both Statement-II and Statement-III are correct and both of them explain Statement-I Both Statement-II and Statement-III are correct, but only one of them explains Statement-I Only one of Statement-II and Statement-III is correct and that is the explanation of Statement-I Neither Statement-II nor Statement-III is correct

From: Pulses Mission: One Year On, a 350 Lakh Tonne Target for 2030-31 Open full article →

38.

Consider the following statements about the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA):

1.Its Price Support Scheme procures notified pulses, oilseeds and copra at the Minimum Support Price (MSP).

2.Its Price Deficiency Payment Scheme has the government buy and store oilseeds.

3.Its Market Intervention Scheme is meant for perishable crops not covered by the MSP.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Pulses Mission: One Year On, a 350 Lakh Tonne Target for 2030-31 Open full article →

39.

Consider the following statements about the Commission for Agricultural Costs and Prices (CACP):

1.The Commission was established under an Act of Parliament as a statutory body.

2.The Government announces Minimum Support Prices for mandated crops on the basis of its recommendations.

Which of the statements given above is/are correct?

1 only 2 only Both 1 and 2 Neither 1 nor 2

From: Pulses Mission: One Year On, a 350 Lakh Tonne Target for 2030-31 Open full article →

40.

Consider the following statements about Palamau Tiger Reserve in Jharkhand:

1.A tiger count based on pugmarks was carried out in its forests as early as 1932.

2.It lies in a drought-prone, rain-shadow area, yet the North Koel and the Burha flow through it all year.

3.The Auranga, which bounds the reserve on the north, is a perennial river.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Palamu Tiger Reserve: Villagers Surrender 31 Country-Made Guns Open full article →

41.

Palamau was one of the nine tiger reserves with which Project Tiger began in 1973-74. Consider the following tiger reserves:

1.Simlipal

2.Manas

3.Periyar

4.Kaziranga

How many of the above were also among those first nine?

Only one Only two Only three All four

From: Palamu Tiger Reserve: Villagers Surrender 31 Country-Made Guns Open full article →

42.

Consider the following statements about the Wild Life (Protection) Act, 1972:

1.Entering a sanctuary with a weapon needs written permission of the Chief Wild Life Warden or authorised officer.

2.Arms licence holders within ten kilometres of a sanctuary need not register with wildlife authorities.

3.New Arms Act licences within ten kilometres of a sanctuary need the Chief Wild Life Warden's consent.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Palamu Tiger Reserve: Villagers Surrender 31 Country-Made Guns Open full article →

43.

Consider the following statements about pressures on Palamau Tiger Reserve:

1.The spread of Lantana and Parthenium is hampering native plant regeneration and the browse for herbivores.

2.Parthenium outcompetes native plants partly through allelopathy, the release of chemicals that inhibit other plants.

3.A state highway and a railway line through the reserve fragment its habitat and endanger animals.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Palamu Tiger Reserve: Villagers Surrender 31 Country-Made Guns Open full article →

44.

Consider the following statements about Article 18 of the Constitution of India:

1.It permits the State to confer military and academic distinctions, while barring other titles.

2.It is part of the Right to Equality in Part III of the Constitution.

3.A non-citizen holding an office of profit or trust under the State needs the President's consent to accept a foreign title.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Padma Awards 2025: 139 Approved, 71 Presented in April Open full article →

45.

Consider the following statements about the Padma awards scheme:

1.Government servants are not eligible for the awards, except doctors and scientists.

2.A higher category is normally given only after five years from the earlier Padma award.

3.The awards are normally not conferred posthumously.

4.The ceiling of 120 awards a year includes posthumous awards and awards to foreigners.

Which of the statements given above are correct?

1 and 3 only 2, 3 and 4 only 1, 2, 3 and 4 1, 2 and 3 only

From: Padma Awards 2025: 139 Approved, 71 Presented in April Open full article →

46.

Consider the following statements:

Statement-I: Recipients of the Padma awards must not use them as prefixes or suffixes to their names.

Statement-II: Article 18(2) of the Constitution bars citizens of India from accepting any title from a foreign State.

Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II explains Statement-I Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I Statement-I is correct, but Statement-II is not correct Statement-I is not correct, but Statement-II is correct

From: Padma Awards 2025: 139 Approved, 71 Presented in April Open full article →

47.

Consider the following statements about the Padma awards:

1.The recommendations of the Padma Awards Committee, constituted by the Prime Minister, go to the Prime Minister and the President for approval.

2.The awards are presented by the Prime Minister at a ceremony in Parliament House.

Which of the statements given above is/are correct?

1 only 2 only Both 1 and 2 Neither 1 nor 2

From: Padma Awards 2025: 139 Approved, 71 Presented in April Open full article →

48.

Consider the following statements about the history and rules of the Padma awards:

1.They have been announced every year without interruption since their institution in 1954.

2.They are announced on the occasion of Republic Day.

3.The President may cancel and annul an award.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: Padma Awards 2025: 139 Approved, 71 Presented in April Open full article →

49.

Consider the following statements about the Financial Stability and Development Council (FSDC):

1.It is chaired by the Union Finance Minister.

2.It was constituted through a Government of India notification, not by an Act of Parliament.

3.Its mandate is confined to financial stability and does not cover financial inclusion or literacy.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: FSDC: Why India's Financial Regulators Need a Shared View Open full article →

50.

Consider the following statements about the members of the Financial Stability and Development Council:

1.The Chairperson of the Insolvency and Bankruptcy Board of India is a member.

2.The Chairperson of the International Financial Services Centres Authority is a member.

3.The Chief Economic Adviser in the Ministry of Finance is a member.

Which of the statements given above are correct?

1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3

From: FSDC: Why India's Financial Regulators Need a Shared View Open full article →

51.

Consider the following statements:

Statement-I: Sound individual financial institutions do not by themselves ensure a stable financial system.

Statement-II: Payments, lending and common exposures link institutions, so distress can spread or strike many together.

Statement-III: A single bank's loss on a risky investment is by itself systemic risk.

Which one of the following is correct in respect of the above statements?

Both Statement-II and Statement-III are correct and both of them explain Statement-I Both Statement-II and Statement-III are correct, but only one of them explains Statement-I Only one of Statement-II and Statement-III is correct and that is the explanation of Statement-I Neither Statement-II nor Statement-III is correct

From: FSDC: Why India's Financial Regulators Need a Shared View Open full article →

52.

Consider the following statements about the Financial Stability and Development Council:

1.Its mandate includes macroprudential supervision of the economy.

2.It can override regulators' decisions taken within their statutory powers.

3.Its Sub-Committee is chaired by the Governor of the Reserve Bank of India.

4.The Department of Economic Affairs serves as its secretariat.

Which of the statements given above are correct?

1 and 3 only 2, 3 and 4 only 1, 3 and 4 only 1, 2, 3 and 4

From: FSDC: Why India's Financial Regulators Need a Shared View Open full article →

53.

In the analysis of systemic risk, the 'time dimension' refers to:

the spread of distress at a given moment through interlinkages and common exposures among institutions the time a central bank takes to settle large payments between banks the remaining period to maturity of the loans on a bank's balance sheet the build-up of risk over the financial cycle, addressed by building capital and liquidity buffers in good times

From: FSDC: Why India's Financial Regulators Need a Shared View Open full article →