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

🔥 PLATINUM SERIES 2.0 | VOL. 229

📅 SATURDAY, 14 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. What is the normal maturity period of a Sovereign Gold Bond (SGB) issued under the Government of India's SGB Scheme:

A. 5 years

B. 8 years

C. 10 years

D. 6 years

E. 7 years

Q2. The RBI fixed the final redemption price of SGB 2018–19 Series III, due for redemption on 13 November 2026, at:

A. ₹12,500 per unit

B. ₹13,250 per unit

C. ₹14,024 per unit

D. ₹14,500 per unit

E. ₹15,000 per unit

Q3. The redemption price of a Sovereign Gold Bond is determined based on the simple average of the closing price of 999-purity gold for the previous:

A. Three business days

B. Five business days

C. Seven business days

D. Ten business days

E. Fifteen business days

Q4. The RBI constituted the Technical Consultative Committee for Financial Markets (TCCFM) on 4 November 2026. The Committee is chaired by:

A. RBI Governor

B. Finance Secretary

C. SEBI Chairperson

D. RBI Deputy Governor in charge of the Financial Markets Regulation Department

E. RBI Executive Director

Q5. The Technical Consultative Committee for Financial Markets is expected to meet at least:

A. Once a month

B. Once in six months

C. Once a year

D. Twice a year

E. Once every quarter

Q6. The RBI's revised leverage ratio framework, based on the Basel Committee's Leverage Ratio 2017 Standard, becomes effective from:

A. 1 January 2027

B. 1 April 2027

C. 1 July 2027

D. 1 October 2027

E. 1 April 2028

Q7. Under the revised RBI leverage ratio framework, the minimum leverage ratio prescribed for Domestic Systemically Important Banks (D-SIBs) is:

A. 3%

B. 3.5%

C. 4%

D. 4.5%

E. 5%

Q8. Under the revised RBI leverage ratio framework, the minimum leverage ratio applicable to banks other than D-SIBs is:

A. 3.5%

B. 3%

C. 4%

D. 4.5%

E. 5%

Q9. NPCI Tech Solutions Limited (NTSL), established by the National Payments Corporation of India, is:

A. A payments bank

B. A credit rating agency

C. An asset reconstruction company

D. A wholly owned subsidiary of NPCI

E. A public sector commercial bank

Q10. Who has been appointed Managing Director and CEO of NPCI Tech Solutions Limited:

A. Dilip Asbe

B. Praveena Rai

C. Nandan Nilekani

D. Ajay Kumar Choudhary

E. Vishal Kanvaty

Q11. Under the amended FEMA (Export and Import of Goods and Services) Regulations, 2026, the revised IDPMS reporting requirement for service imports applies to eligible importers who are:

A. Resident individuals importing services of any value

B. Persons other than resident individuals, where the invoice or contract value exceeds ₹10 lakh

C. Only public sector undertakings

D. Only banks importing financial services

E. All importers irrespective of invoice value

Q12. Under the amended FEMA regulations, the authorised dealer bank must enter eligible service-import details in IDPMS within:

A. Two working days

B. Three working days

C. Five working days

D. Seven working days

E. Fifteen working days

Q13. The primary objective of a Variable Rate Reverse Repo (VRRR) auction conducted by the RBI is to:

A. Absorb surplus liquidity from the banking system

B. Inject permanent liquidity into the banking system

C. Provide long-term agricultural refinance

D. Finance the Government's fiscal deficit

E. Increase banks' Cash Reserve Ratio

Q14. In the three-day VRRR auction conducted by the RBI on 13 November 2026, the amount accepted was:

A. ₹25,000 crore

B. ₹30,000 crore

C. ₹50,000 crore

D. ₹38,592 crore

E. ₹75,000 crore

Q15. What was the cut-off rate in the three-day VRRR auction conducted by the RBI on 13 November 2026:

A. 5.25%

B. 5.40%

C. 5.50%

D. 5.75%

E. 5.49%

Q16. 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%

Q17. What monetary policy stance did the RBI adopt in its October 2026 monetary policy review:

A. Accommodative

B. Neutral

C. Calibrated tightening

D. Withdrawal of accommodation

E. Easing

Q18. What is the minimum amount prescribed for a transaction through the Real Time Gross Settlement (RTGS) system in India:

A. ₹2 lakh

B. ₹50,000

C. ₹1 lakh

D. ₹5 lakh

E. No minimum amount

Q19. What is the maximum deposit insurance coverage provided by DICGC to a depositor in the same right and capacity in the same insured bank, including principal and interest:

A. ₹1 lakh

B. ₹2 lakh

C. ₹3 lakh

D. ₹5 lakh

E. ₹10 lakh

Q20. Which organisation operates the Unified Payments Interface (UPI) in India:

A. Reserve Bank of India

B. SEBI

C. NABARD

D. SIDBI

E. National Payments Corporation of India (NPCI)

ANSWER KEY

Q1.B

Q2.C

Q3.A

Q4.D

Q5.E

Q6.B

Q7.C

Q8.A

Q9.D

Q10.E

Q11.B

Q12.C

Q13.A

Q14.D

Q15.E

Q16.B

Q17.C

Q18.A

Q19.D

Q20.E

EXPLANATIONS

Q1. B — 8 years

Sovereign Gold Bonds have a normal maturity period of eight years from the date of issue. Premature redemption is permitted after completion of five years, on specified interest-payment dates.

Q2. C — ₹14,024 per unit

The RBI fixed the final redemption price of SGB 2018–19 Series III at ₹14,024 per unit, with redemption due on 13 November 2026.

Q3. A — Three business days

The redemption price is based on the simple average of the closing price of 999-purity gold for the previous three business days, as published by the India Bullion and Jewellers Association Limited (IBJA).

Q4. D — RBI Deputy Governor in charge of FMRD

The RBI constituted the Technical Consultative Committee for Financial Markets on 4 November 2026. It is chaired by the Deputy Governor in charge of the Financial Markets Regulation Department.

Q5. E — Once every quarter

The TCCFM is required to meet at least once every quarter. It provides a structured platform for consultation between the RBI and financial market participants.

Q6. B — 1 April 2027

The RBI issued revised directions to implement the Basel Committee's Leverage Ratio 2017 Standard. These directions become effective from 1 April 2027.

Q7. C — 4%

The revised RBI leverage ratio framework prescribes a minimum leverage ratio of 4% for Domestic Systemically Important Banks (D-SIBs).

Q8. A — 3.5%

The minimum leverage ratio prescribed for banks other than D-SIBs is 3.5%.

Q9. D — Wholly owned subsidiary of NPCI

NPCI established NPCI Tech Solutions Limited as its wholly owned subsidiary on 4 November 2026. It will function as the technology and innovation arm of the NPCI Group, focusing on AI, blockchain and digital financial infrastructure.

Q10. E — Vishal Kanvaty

Vishal Kanvaty was appointed Managing Director and CEO of NPCI Tech Solutions Limited.

Q11. B — Non-individual importers exceeding ₹10 lakh

The amended FEMA regulations specify that the revised IDPMS reporting requirement applies to service imports by persons other than resident individuals where the invoice or contract value exceeds ₹10 lakh or its equivalent in foreign currency.

Q12. C — Five working days

The authorised dealer bank must enter the eligible service-import details in IDPMS within five working days of receiving the relevant details from the importer.

Q13. A — Absorb surplus liquidity

VRRR is a liquidity absorption instrument used by the RBI to absorb surplus liquidity from the banking system through auction-based operations under the Liquidity Adjustment Facility (LAF).

Q14. D — ₹38,592 crore

The RBI notified an auction amount of ₹75,000 crore for its three-day VRRR auction on 13 November 2026. It received and accepted offers amounting to ₹38,592 crore.

Q15. E — 5.49%

The cut-off rate and weighted average rate in the three-day VRRR auction conducted on 13 November 2026 were both 5.49%.

Q16. B — 5.50%

The RBI Monetary Policy Committee increased the policy repo rate by 25 basis points, from 5.25% to 5.50%, during its October 2026 meeting.

Consequently:

- SDF Rate: 5.25%

- MSF Rate: 5.75%

- Bank Rate: 5.75%

Q17. C — Calibrated tightening

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

Q18. A — ₹2 lakh

RTGS stands for Real Time Gross Settlement. The minimum transaction amount is ₹2 lakh. There is no RBI-prescribed upper ceiling.

Q19. D — ₹5 lakh

DICGC provides deposit insurance coverage of up to ₹5 lakh per depositor per insured bank, including principal and interest, in the same right and capacity.

Q20. E — NPCI

The National Payments Corporation of India (NPCI) operates UPI, an instant real-time payment system facilitating inter-bank and person-to-person transactions.

QUICK REVISION CAPSULE

Topic| Important fact

SGB maturity| 8 years

SGB premature redemption| After 5 years

SGB 2018–19 Series III redemption| ₹14,024 per unit

SGB redemption calculation| Previous 3 business days

Gold price reference| IBJA

TCCFM constitution| 4 November 2026

TCCFM Chairman| RBI Deputy Governor in charge of FMRD

TCCFM meeting frequency| At least once a quarter

Revised leverage ratio effective date| 1 April 2027

D-SIB leverage ratio| 4%

Other banks' leverage ratio| 3.5%

NPCI Tech Solutions Limited| Wholly owned NPCI subsidiary

NTSL MD & CEO| Vishal Kanvaty

FEMA IDPMS reporting threshold| Above ₹10 lakh for eligible non-individual importers

FEMA IDPMS reporting timeline| 5 working days

VRRR objective| Absorption of surplus liquidity

VRRR amount accepted| ₹38,592 crore

VRRR cut-off rate| 5.49%

October 2026 repo rate| 5.50%

RBI monetary policy stance| Calibrated tightening

RTGS minimum amount| ₹2 lakh

DICGC insurance ceiling| ₹5 lakh

UPI operator| NPCI

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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