INDIAN BANKING RADAR (IBR) IBPS PO MAINS — BANKING INTELLIGENCE MOCK

PLATINUM SERIES 2.0 | VOL. 223

MONDAY, 9 NOVEMBER 2026

TARGET EXAMINATIONS

IBPS PO Mains • SBI PO • Other Banking Examinations

20 QUESTIONS | 20 MARKS | 15 MINUTES

TOPICS COVERED

RBI Financial Markets Committee • RBI Household Surveys • SEBI KYC Reforms • IRDAI Motor Insurance Framework • IFC–SBI Social Loan • RBI Liquidity Management

SECTION I — ADVANCED BANKING INTELLIGENCE MCQs

Q1. The RBI constituted the Technical Consultative Committee for Financial Markets (TCCFM) to facilitate structured engagement with market participants on:

A. Policy and operational matters relating to financial markets

B. Agricultural credit disbursement

C. Insurance product pricing

D. Government pension administration

E. Corporate taxation

Q2. Who chairs the RBI’s Technical Consultative Committee for Financial Markets?

A. RBI Governor

B. Deputy Governor in charge of the Financial Markets Regulation Department

C. Finance Secretary

D. SEBI Chairperson

E. RBI Executive Director in charge of Banking Regulation

Q3. As per the RBI announcement, meetings of the TCCFM will be convened:

A. Once every month

B. Once every six months

C. At least once a quarter

D. Once every financial year

E. Only during financial market emergencies

Q4. Which group of markets falls within the TCCFM’s principal terms of reference?

A. Agricultural commodity and labour markets

B. Real estate and housing markets

C. Insurance and pension markets

D. Money, government securities, foreign exchange and related derivative markets

E. Equity primary markets alone

Q5. The RBI’s November 2026 Rural Consumer Confidence Survey covers households across:

A. 19 cities

B. 25 States and UTs

C. 28 States

D. All districts of India

E. 31 States and UTs

Q6. The Rural Consumer Confidence Survey collects current perceptions and expectations for which forward-looking period?

A. One year ahead

B. Three months ahead

C. Six months ahead

D. Two years ahead

E. Five years ahead

Q7. The RBI’s November 2026 Urban Consumer Confidence Survey is conducted in how many cities?

A. 15

B. 19

C. 21

D. 25

E. 31

Q8. Which of the following is covered by the RBI’s Urban Consumer Confidence Survey?

A. Only bank deposit rates

B. Only industrial production

C. General economic situation, employment, prices, household income and spending

D. Only agricultural output

E. Only government capital expenditure

Q9. Under SEBI’s revised KYC framework, an individual Person Resident Outside India (PROI) includes:

A. Only foreign institutional investors

B. Only Indian citizens residing abroad

C. Only foreign companies

D. NRIs, OCIs and foreign nationals

E. Only overseas portfolio fund managers

Q10. SEBI’s revised KYC framework for individual PROI clients is scheduled to become effective from:

A. 15 November 2026

B. 1 December 2026

C. 15 December 2026

D. 1 January 2027

E. 3 December 2026

Q11. Under SEBI’s revised framework, eligible individual PROI clients can complete digital KYC onboarding while residing in:

A. FATF-compliant countries

B. Only countries sharing a land border with India

C. Only Commonwealth countries

D. Any country without regulatory conditions

E. Only countries having a bilateral trade agreement with India

Q12. What is a significant feature of SEBI’s revised framework regarding KYC record portability?

A. KYC records must be recreated for every transaction

B. KYC records can be shared across intermediaries, irrespective of whether every attribute is validated

C. KYC records can be used only by the original intermediary

D. Physical submission is compulsory for every repeat KYC

E. KYC records cannot be retrieved from KRAs

Q13. Under SEBI’s revised framework, Video In-Person Verification (VIPV) is subject to:

A. Approval by a foreign embassy

B. Physical verification in India in every case

C. Prescribed safeguards, presence of an authorised official and concurrent audit

D. Approval by the RBI

E. Verification only through postal correspondence

Q14. Under IRDAI’s four-layer motor insurance framework for private cars and two-wheelers, which cover is mandatory?

A. Own-damage cover

B. Legal liability to occupants

C. Personal accident cover for every occupant

D. Third-party liability cover

E. Engine protection cover

Q15. Under the same framework, which personal accident cover is mandatory?

A. Personal accident cover for every pillion rider

B. Personal accident cover for all occupants

C. Personal accident cover for every employee of the vehicle owner

D. Personal accident cover for every passenger

E. Personal accident cover for the owner-insured

Q16. The proposed senior unsecured social loan facility of up to US$150 million to State Bank of India has been disclosed by:

A. International Finance Corporation

B. Asian Development Bank

C. New Development Bank

D. Asian Infrastructure Investment Bank

E. International Monetary Fund

Q17. Through which SBI branch is the proposed IFC social loan to be provided?

A. Mumbai Main Branch

B. GIFT City Branch

C. New Delhi Main Branch

D. Chennai Main Branch

E. London Branch

Q18. The IFC’s proposed social loan to SBI is primarily intended to expand financing to women micro-borrowers through:

A. Large corporate lending

B. Infrastructure project finance

C. Self-Help Group lending model

D. Overseas sovereign lending

E. Inter-bank money market operations

Q19. In the RBI’s four-day Variable Rate Repo auction conducted on 9 November 2026, what amount was allotted?

A. ₹25,000 crore

B. ₹40,000 crore

C. ₹50,000 crore

D. ₹50,003 crore

E. ₹62,872 crore

Q20. What was the weighted average rate in the RBI’s four-day VRR auction held on 9 November 2026?

A. 5.25%

B. 5.40%

C. 5.49%

D. 5.51%

E. 5.54%

SECTION II — ANSWER KEY

Q1.A

Q2.B

Q3.C

Q4.D

Q5.E

Q6.A

Q7.B

Q8.C

Q9.D

Q10.E

Q11.A

Q12.B

Q13.C

Q14.D

Q15.E

Q16.A

Q17.B

Q18.C

Q19.D

Q20.E

SECTION III — DETAILED EXPLANATIONS

Q1. A — TCCFM: The RBI constituted the Technical Consultative Committee for Financial Markets on 4 November 2026. It provides a structured forum for engagement with market participants on policy and operational matters affecting financial markets.

Q2. B — Chairperson: The committee is chaired by the RBI Deputy Governor in charge of the Financial Markets Regulation Department (FMRD).

Q3. C — Quarterly meetings: The RBI has stipulated that the committee’s meetings will be convened at least once a quarter.

Q4. D — Financial markets: Its scope includes money markets, government securities, foreign exchange markets and related derivative markets. It also covers trading, clearing, settlement, reporting and market infrastructure.

Q5. E — 31 States and UTs: The November 2026 Rural Consumer Confidence Survey covers rural and semi-urban households across 31 States and Union Territories.

Q6. A — One year ahead: The survey collects current perceptions and one-year-ahead expectations concerning the general economic situation, employment, prices, household income and spending.

Q7. B — 19 cities: The November 2026 Urban Consumer Confidence Survey is conducted across 19 cities, including Hyderabad.

Q8. C — Household sentiment: The survey captures qualitative responses relating to general economic conditions, employment, price levels, household income and spending.

Q9. D — PROI categories: The SEBI framework covers individual Persons Resident Outside India, including NRIs, OCIs and foreign nationals.

Q10. E — 3 December 2026: SEBI issued the revised KYC circular on 4 November 2026. The new provisions become effective 30 days after issuance, from 3 December 2026.

Q11. A — FATF-compliant countries: Eligible individual PROI clients residing in FATF-compliant countries can complete digital onboarding from overseas, subject to the prescribed conditions.

Q12. B — Portability: KYC records can be shared with other intermediaries. SEBI has clarified that portability applies irrespective of whether every individual KYC attribute has been validated.

Q13. C — VIPV safeguards: The process requires prescribed safeguards, including uninterrupted video recording, live GPS coordinates, timestamps, facial liveness checks and end-to-end encryption. An authorised official must be present, and the process is subject to concurrent audit.

Q14. D — Third-party liability: Third-party liability is mandatory under the four-layer motor insurance structure for private cars and two-wheelers. Own-damage cover and legal liability to occupants are optional.

Q15. E — Owner-insured: Personal accident cover for the owner-insured is mandatory. Personal accident cover for occupants or pillion riders is optional.

Q16. A — IFC: The International Finance Corporation has disclosed a proposed senior unsecured social loan facility of up to US$150 million to SBI.

Q17. B — GIFT City Branch: The proposed IFC facility will be provided to SBI through its GIFT City Branch.

Q18. C — SHG lending: The proceeds are intended primarily to grow SBI’s financing to women micro-borrowers through the Self-Help Group lending model. IFC will also support capacity-building for women micro-entrepreneurs.

Q19. D — ₹50,003 crore: In the four-day VRR auction on 9 November 2026, the RBI allotted ₹50,003 crore against the notified amount of ₹50,000 crore.

Q20. E — 5.54%: The weighted average rate was 5.54%. The cut-off rate was 5.51%, while total bids received amounted to ₹62,872 crore.

SECTION IV — QUICK REVISION CAPSULE

1. TCCFM constituted: 4 November 2026.

2. TCCFM Chairperson: RBI Deputy Governor in charge of FMRD.

3. TCCFM meeting frequency: At least once a quarter.

4. TCCFM market coverage: Money, G-Secs, forex and related derivatives.

5. Rural Consumer Confidence Survey: 31 States and UTs.

6. Rural survey outlook: One-year-ahead expectations.

7. Urban Consumer Confidence Survey: 19 cities.

8. Urban survey coverage: Economic situation, employment, prices, income and spending.

9. PROI: NRI, OCI and foreign national.

10. SEBI revised KYC circular: 4 November 2026.

11. SEBI KYC effective date: 3 December 2026.

12. Digital onboarding: Eligible PROIs in FATF-compliant countries.

13. KYC portability: Across intermediaries, irrespective of validation of every attribute.

14. VIPV: Prescribed safeguards, authorised official and concurrent audit.

15. Motor insurance: Third-party liability is mandatory.

16. Owner-insured personal accident cover: Mandatory.

17. Four-layer motor insurance framework: Effective 15 December 2026.

18. IFC–SBI proposed social loan: Up to US$150 million.

19. IFC–SBI lending channel: GIFT City Branch; women micro-borrowers through SHG lending.

20. RBI VRR auction, 9 November: ₹50,000 crore notified; ₹50,003 crore allotted; weighted average rate 5.54%.

SECTION V — IBR READER ENGAGEMENT

TEST YOUR BANKING INTELLIGENCE. STRENGTHEN YOUR EXAM READINESS.

- Attempt all 20 questions within 15 minutes.

- Review the detailed explanations.

- Revise the Quick Revision Capsule.

- Share your score and identify areas requiring further preparation.

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