Current Affairs Quiz — 11 October 2026

Answer: B. Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited

The Reserve Bank of India periodically provides dedicated foreign exchange facilities to major public sector oil refiners to ease currency pressure in the open market.

“On the basis of assessment of current market conditions, Reserve Bank of India has decided to open a special window to meet the entire daily dollar requirements of three public sector oil marketing companies (OMCs), viz. Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited.”

Answer: D. USD 5 million equivalent

To curb speculative trades and ensure market discipline, the RBI lowered the unhedged exposure verification threshold from USD 100 million equivalent across Authorised Dealers.

“The existing threshold of USD 100 million equivalent for undertaking foreign exchange derivative transactions to hedge contracted exposures without establishing the existence of the underlying exposure has been reduced to USD 5 million equivalent, across all Authorised Dealers.”

Answer: B. 2008

OBICUS tracks capacity utilisation, order books, and inventory levels in India's manufacturing sector, serving as an important input for monetary policy decisions.

“The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008.”

Answer: A. 15th and last calendar day of a month

The Banking Laws (Amendment) Act, 2025 updated the definition of a fortnight for bank reporting from alternate Fridays to the 15th and last calendar day of the month. This aligns bank reserve and statistical reporting with monthly calendar timelines.

“As per the Banking Laws (Amendment) Act, 2025, the definition of fortnight has been revised from alternate Fridays to 15th and last calendar day of a month, w.e.f. December 15, 2025.”

Answer: B. 20 interns

The Department for Promotion of Industry and Internal Trade (DPIIT) offers this internship to engage students and researchers with departmental initiatives and government functioning. Interns receive a monthly stipend of ₹10,000 upon completion of their tenure.

“A maximum of 20 interns are selected at any given time.”

Answer: D. Mumbai

The Securities and Exchange Board of India (SEBI) Information Technology Department internship exposes eligible students to capital markets, regulatory frameworks, and FinTech projects. Eligible candidates include full-time MBA or MCA students with an engineering or BCA background.

“The SEBI ITD Internship Program provides hands‑on training to students from institutes in and around Mumbai.”

Answer: A. BBIN countries

The Land Ports Authority of India functions under the Ministry of Home Affairs to manage cross-border infrastructure and trade. Its internship program enables students from the BBIN sub-region to participate in policy research and border management projects.

“The Land Ports Authority of India (LPAI), an agency under the Ministry of Home Affairs, conducts an internship program for students from India and other BBIN countries (Bhutan, Bangladesh, India, and Nepal).”

Answer: C. ₹10,000 per month

The Central Vigilance Commission (CVC) launched its internship scheme in 2016 to engage students and research scholars in policy formulation and analysis with a monthly stipend of ₹10,000.

“₹10,000 per month stipend Working space and internet facility provided Certificate of internship awarded on successful completion Indian citizen Graduate (awaiting final year results), postgraduate or research student enrolled in a recognized university/institution in India or abroad Preference given to students studying Law, IT, MBA, Social Sciences and associated subjects”

Answer: A. ₹8,000 per month

The NACO Internship Programme was launched in 2018 under the Ministry of Health & Family Welfare to give students practical exposure to the National AIDS Control Programme, offering a stipend of ₹8,000 per month.

“Stipend of ₹8,000 per month payable on successful completion Certificate issued on satisfactory completion Logistic support including workspace, stationery and photocopying facility Open to students pursuing undergraduate, postgraduate, M.Phil or PhD courses in disciplines such as Preventive & Social Medicine, Public Health, Health Management, Statistics, Social Sciences etc.”

Answer: C. National Green Tribunal

The National Green Tribunal offers four-week summer and winter internships to students pursuing studies in law and environmental disciplines to expose them to environmental jurisprudence.

“The National Green Tribunal runs summer and winter internship programmes for law and environmental studies students.”