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

🔥 PLATINUM SERIES 2.0 | VOL. 228

📅 FRIDAY, 13 NOVEMBER 2026

🎯 TARGET EXAMINATIONS: IBPS PO Mains • SBI PO • Other Banking Examinations

20 QUESTIONS | 20 MARKS | 15 MINUTES

Marking Scheme: +1 for every correct answer | −0.25 for every incorrect answer

Instructions: Choose the most appropriate answer. Attempt all questions within 15 minutes. Each question carries one mark.

Q1. The Union Cabinet approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) up to which date:

A. 31 March 2028

B. 31 March 2029

C. 31 March 2030

D. 31 March 2031

E. 31 March 2032

Q2. Which institution acts as the trustee for the Credit Guarantee Fund for Micro Units (CGFMU):

A. National Credit Guarantee Trustee Company Limited (NCGTC)

B. Small Industries Development Bank of India (SIDBI)

C. National Bank for Agriculture and Rural Development (NABARD)

D. Reserve Bank of India (RBI)

E. National Housing Bank (NHB)

Q3. What corpus has the Union Cabinet approved for the continuation of CGFMU:

A. ₹2,500 crore

B. ₹4,000 crore

C. ₹5,000 crore

D. ₹7,500 crore

E. ₹10,000 crore

Q4. The continuation of CGFMU is expected to facilitate PMMY loans amounting to approximately:

A. ₹5 lakh crore

B. ₹7.5 lakh crore

C. ₹8.5 lakh crore

D. ₹10 lakh crore

E. ₹12.6 lakh crore

Q5. Under the continued CGFMU framework, the annual guarantee fee for eligible PMMY loans has been reduced from 1% to:

A. 0.25%

B. 0.75%

C. 0.50%

D. 1.25%

E. 1.50%

Q6. Under CGFMU, the eligible PMMY loans covered by the guarantee framework can be up to:

A. ₹20 lakh

B. ₹10 lakh

C. ₹15 lakh

D. ₹25 lakh

E. ₹50 lakh

Q7. Under CGFMU, the overdraft facility extended by banks under PMJDY accounts is covered up to:

A. ₹2,000

B. ₹5,000

C. ₹7,500

D. ₹10,000

E. ₹20,000

Q8. Under CGFMU, the eligible Self-Help Group (SHG) loan portfolio covered by the scheme falls within which range:

A. ₹2 lakh to ₹5 lakh

B. ₹10 lakh to ₹20 lakh

C. ₹5 lakh to ₹10 lakh

D. ₹20 lakh to ₹25 lakh

E. ₹25 lakh to ₹50 lakh

Q9. The Union Cabinet approved the continuation of the Stand-Up India Scheme for another five years up to:

A. 31 March 2028

B. 31 March 2029

C. 31 March 2031

D. 31 March 2030

E. 31 March 2032

Q10. Under the Stand-Up India Scheme, the eligible loan amount for setting up a greenfield enterprise ranges from:

A. ₹1 lakh to ₹10 lakh

B. ₹5 lakh to ₹25 lakh

C. ₹5 lakh to ₹50 lakh

D. ₹10 lakh to ₹50 lakh

E. Above ₹10 lakh and up to ₹1 crore

Q11. The continued Stand-Up India Scheme aims to provide financial assistance to at least how many additional entrepreneurs over five years:

A. 2.5 lakh

B. 1 lakh

C. 1.5 lakh

D. 5 lakh

E. 10 lakh

Q12. What is the credit guarantee coverage under the continued Stand-Up India Scheme:

A. 50% of the loan amount

B. 75% of the loan amount

C. 85% of the loan amount

D. 90% of the loan amount

E. 100% of the loan amount

Q13. The Union Cabinet approved an estimated budgetary requirement of how much under the Nutrient Based Subsidy (NBS) Scheme for Rabi 2026–27:

A. ₹37,952.29 crore

B. ₹50,000 crore

C. ₹55,000 crore

D. ₹62,370.02 crore

E. ₹75,000 crore

Q14. The approved NBS rates for Rabi 2026–27 are applicable for which period:

A. 1 April 2026 to 30 September 2026

B. 1 October 2026 to 31 March 2027

C. 1 July 2026 to 31 December 2026

D. 1 November 2026 to 30 April 2027

E. 1 January 2027 to 30 June 2027

Q15. Under the approved NBS rates for Rabi 2026–27, what is the subsidy rate per kg for Phosphorus (P):

A. ₹94.21

B. ₹10.42

C. ₹2.38

D. ₹50.00

E. ₹66.11

Q16. Under the approved NBS rates for Rabi 2026–27, which nutrient carries the lowest subsidy rate per kg:

A. Potassium (K)

B. Nitrogen (N)

C. Phosphorus (P)

D. Sulphur (S)

E. All nutrients carry identical rates

Q17. The revised Consumer Price Index (CPI) series used for India's October 2026 retail inflation release has which base year:

A. 2012

B. 2018

C. 2024

D. 2022

E. 2023

Q18. According to the provisional CPI data released on 12 November 2026, India's combined headline retail inflation for October 2026 stood at:

A. 5.54%

B. 5.75%

C. 6.63%

D. 6.09%

E. 8.94%

Q19. Following the October 2026 Monetary Policy Committee meeting, what is the RBI's policy repo rate:

A. 5.25%

B. 5.50%

C. 5.75%

D. 6.00%

E. 6.25%

Q20. What monetary policy stance did the RBI adopt in its October 2026 monetary policy review:

A. Accommodative

B. Neutral

C. Withdrawal of accommodation

D. Easing

E. Calibrated tightening

ANSWER KEY

Q1.D

Q2.A

Q3.C

Q4.E

Q5.B

Q6.A

Q7.D

Q8.B

Q9.C

Q10.E

Q11.A

Q12.C

Q13.D

Q14.B

Q15.E

Q16.A

Q17.C

Q18.D

Q19.B

Q20.E

EXPLANATIONS

Q1. D — 31 March 2031

The Union Cabinet approved continuation of CGFMU for five years, up to 31 March 2031, covering the XVI Finance Commission period, FY 2026–27 to FY 2030–31.

Q2. A — NCGTC

The National Credit Guarantee Trustee Company Limited (NCGTC) acts as the trustee and provides credit guarantee coverage to eligible lending institutions against default risk.

Q3. C — ₹5,000 crore

The Union Cabinet approved a corpus of ₹5,000 crore for continuation of CGFMU.

Q4. E — ₹12.6 lakh crore

The continuation of CGFMU is expected to facilitate PMMY loans amounting to approximately ₹12.6 lakh crore over the next five years.

Q5. B — 0.75%

The annual guarantee fee for eligible PMMY loans has been reduced from 1% to 0.75%. The fee structure for SHG loans remains unchanged: 0.25% in the first year and 0.50% in subsequent years.

Q6. A — ₹20 lakh

CGFMU provides guarantee coverage for eligible loans extended under PMMY up to ₹20 lakh.

Q7. D — ₹10,000

CGFMU also covers overdrafts of up to ₹10,000 provided by banks under PMJDY accounts.

Q8. B — ₹10 lakh to ₹20 lakh

The scheme covers eligible loans granted to SHGs where the portfolio is between ₹10 lakh and ₹20 lakh.

Q9. C — 31 March 2031

The Union Cabinet approved continuation of the Stand-Up India Scheme for five years up to 31 March 2031.

Q10. E — Above ₹10 lakh and up to ₹1 crore

Eligible women, SC and ST entrepreneurs can obtain composite loans or term loans above ₹10 lakh and up to ₹1 crore for setting up greenfield enterprises. The loan can cover up to 85% of the project cost.

Q11. A — 2.5 lakh

The continued Stand-Up India Scheme targets financial assistance to at least 2.5 lakh additional entrepreneurs over five years.

Q12. C — 85% of the loan amount

The scheme provides credit guarantee coverage of 85% of the loan amount. This is distinct from the provision that eligible loans can finance up to 85% of project cost.

Q13. D — ₹62,370.02 crore

The Union Cabinet approved an estimated budgetary requirement of ₹62,370.02 crore for the NBS Scheme for Rabi 2026–27. This is approximately ₹24,417.73 crore higher than the Rabi 2025–26 budgetary requirement.

Q14. B — 1 October 2026 to 31 March 2027

The approved NBS rates apply for the six-month Rabi season from 1 October 2026 to 31 March 2027.

Q15. E — ₹66.11 per kg

The approved NBS rates for Rabi 2026–27 are:

- Nitrogen (N): ₹94.21/kg

- Phosphorus (P): ₹66.11/kg

- Potassium (K): ₹2.38/kg

- Sulphur (S): ₹10.42/kg

Q16. A — Potassium (K)

Potassium carries the lowest subsidy rate of ₹2.38 per kg among the four nutrients under the approved Rabi 2026–27 NBS rates.

Q17. C — 2024

MoSPI released the October 2026 CPI data using the revised base year 2024=100.

Q18. D — 6.09%

India's combined year-on-year headline retail inflation stood at 6.09% in October 2026, according to provisional figures released on 12 November 2026.

Rural inflation was 6.63%, while urban inflation was 5.41%.

Q19. B — 5.50%

The RBI MPC increased the policy repo rate by 25 basis points, from 5.25% to 5.50%, in its October 2026 meeting.

Consequently:

- SDF Rate: 5.25%

- MSF Rate: 5.75%

- Bank Rate: 5.75%

Q20. E — Calibrated tightening

The RBI changed its monetary policy stance to calibrated tightening in October 2026, reflecting inflationary risks and the evolving economic outlook.

QUICK REVISION CAPSULE

Topic| Important fact

CGFMU continuation| Up to 31 March 2031

CGFMU trustee| NCGTC

CGFMU approved corpus| ₹5,000 crore

Expected PMMY loan facilitation| ₹12.6 lakh crore

CGFMU guarantee fee| 0.75% p.a. for eligible PMMY loans

PMMY loan coverage| Up to ₹20 lakh

PMJDY overdraft coverage| Up to ₹10,000

Eligible SHG loan portfolio| ₹10–20 lakh

Stand-Up India continuation| Up to 31 March 2031

Stand-Up India target| Additional 2.5 lakh entrepreneurs

Stand-Up India loan limit| Above ₹10 lakh to ₹1 crore

Stand-Up India guarantee coverage| 85% of loan amount

NBS Rabi 2026–27 outlay| ₹62,370.02 crore

NBS applicability| 1 October 2026–31 March 2027

NBS Nitrogen subsidy| ₹94.21/kg

NBS Phosphorus subsidy| ₹66.11/kg

NBS Potassium subsidy| ₹2.38/kg

NBS Sulphur subsidy| ₹10.42/kg

CPI base year| 2024=100

October 2026 headline inflation| 6.09%

RBI Repo Rate| 5.50%

RBI monetary policy stance| Calibrated tightening

SELF-ASSESSMENT

Score| Performance

18–20| Excellent — Mains-ready performance

15–17| Very good — strengthen weak areas

11–14| Good — revise regulatory concepts

Below 11| Needs focused preparation

🎯 YOUR CHALLENGE: CAN YOU SCORE 20/20?

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