Current Affairs Quiz — 27 October 2026

10 multiple-choice questionson the day's news for SSC, Banking, Railways, UPSC and State PSC exams. Try each one, then open the answer. Questions are written by AI from the day's sourced digest.

In this quiz: Union Budget 2026-27 Government Schemes Focus on Viksit Bharat · October 2026 Updates on Government Schemes and Social Security · RBI Monetary Policy Committee Hikes Repo Rate to 5.50% in October 2026 · Strong Q1:2026-27 Real GDP Growth Recorded at 7.8 Percent · Poland Affirms Support for India's Permanent UN Security Council Seat · India and Oman Hold 15th Round of Strategic Consultative Group Talks · India Retains Nona Gaprindashvili Trophy at 46th FIDE Chess Olympiad · Twentieth Asian Games Conclude in Aichi-Nagoya

1. 1. When was the Union Budget 2026-27 presented in Parliament?

   • A.15 January 2026
   • B.1 February 2026
   • C.28 February 2026
   • D.1 March 2026
   Show answer

   Answer: B. 1 February 2026

   Union Budget 2026-27 was presented by Finance Minister Nirmala Sitharaman on 1 February 2026.

2. 2. What is the committed financial outlay for the SME Growth Fund announced in recent October 2026 updates?

   • A.₹5,000 crore
   • B.₹10,000 crore
   • C.₹25,000 crore
   • D.₹50,000 crore
   Show answer

   Answer: B. ₹10,000 crore

   The October 2026 updates regarding government schemes include a ₹10,000 crore commitment for the SME Growth Fund.

3. 3. By how many basis points did the RBI raise the repo rate during its October 2026 MPC meeting?

   • A.10 basis points
   • B.25 basis points
   • C.50 basis points
   • D.75 basis points
   Show answer

   Answer: B. 25 basis points

   The RBI raised the repo rate by 25 basis points to 5.50% in October 2026, its first hike since February 2023.

4. 4. What is the new repo rate following the RBI Monetary Policy Committee meeting in October 2026?

   • A.5.00%
   • B.5.25%
   • C.5.50%
   • D.6.00%
   Show answer

   Answer: C. 5.50%

   The repo rate was hiked by 25 basis points to stand at 5.50%.

5. 5. What was India's real GDP growth rate estimated by the NSO for Q1:2026-27?

   • A.6.7%
   • B.7.1%
   • C.7.8%
   • D.8.2%
   Show answer

   Answer: C. 7.8%

   As per National Statistics Office estimates, real GDP growth in Q1:2026-27 was recorded at 7.8 percent.

6. 6. Which country's Ambassador recently affirmed support for India's permanent seat on the United Nations Security Council?

   • A.France
   • B.Poland
   • C.Germany
   • D.Japan
   Show answer

   Answer: B. Poland

   Poland's Ambassador to India affirmed support for India's permanent seat on the United Nations Security Council.

7. 7. India and Oman recently held their 15th round of consultations under which body?

   • A.Strategic Consultative Group
   • B.Joint Defence Committee
   • C.Maritime Security Dialogue
   • D.Energy Partnership Council
   Show answer

   Answer: A. Strategic Consultative Group

   India and Oman held discussions on bilateral relations during the 15th round of the Strategic Consultative Group.

8. 8. Where was the 46th FIDE Chess Olympiad held, where India retained the Nona Gaprindashvili Trophy?

   • A.New Delhi
   • B.Samarkand
   • C.Baku
   • D.Tashkent
   Show answer

   Answer: B. Samarkand

   The 46th FIDE Chess Olympiad took place in Samarkand, where India won silver in the open section and bronze in the women's section.

9. 9. In which Japanese region were the 20th Asian Games hosted in 2026?

   • A.Tokyo Prefecture
   • B.Aichi Prefecture and Nagoya
   • C.Osaka Prefecture
   • D.Hokkaido
   Show answer

   Answer: B. Aichi Prefecture and Nagoya

   Aichi Prefecture and Nagoya hosted the 20th Asian Games from 19 September to 4 October 2026.

10. 10. When did the President of India announce the latest set of state Governor appointments and transfers?

    • A.1 October 2026
    • B.12 October 2026
    • C.20 October 2026
    • D.27 October 2026
    Show answer

    Answer: B. 12 October 2026

    On 12 October 2026, the President of India announced a set of Governor appointments and transfers.