Article 1: The RBI Rules of Dead Account holders.
1. In accordance with the new requirements of the RBI, how long will it take the banks to completely adopt the standardized claim settlement process?
A) October 1, 2025
B) December 31, 2025
C) March 31, 2026
D) April 1, 2026
Answer: C) March 31, 2026
Explanation: The deadline of implementation, mentioned in the article, is 31 st March 2026.
2. In commercial banks, what is the highest amount that could be settled under the simplified process on claims which are not supported by legal documents?
A) Rs2.5 Lakh
B) Rs5 Lakh
C) Rs12 Lakh
D) Rs15 Lakh
Answer: D) Rs15 Lakh
Explanation The article indicates the claim limit without legal documentation by commercial banks Rs15 lakh.
Article 2: Indian Production of Industries.
1. In which sector was there the most growth in the Index of Industrial Production (IIP) in August 2025?
A) Manufacturing
B) Electricity
C) Mining
D) Consumer Durables
Answer: C) Mining
Explanation: Mining is one of the strong performers with growth of 6.0 that is higher than that of the other mentioned sectors.
2. What was the segment that has declined drastically and this has caused concern regarding the consumption of essential goods?
A) Capital Goods
B) Consumer Non-durables
C) Infrastructure Goods
D) Consumer Durables
Response: B) Consumer Non-durables.
Explanation: The article points out that there is a 6.3% decline in the Consumer Non-durables as a worrying trend.
Article 3: New Cheque Clearing System at RBI.
1. Which time window does the new continuous cheque clearing system work with, which deposited cheques?
A) 9 AM - 1 PM
B) 10 AM - 4 PM
C) 11 AM - 3 PM
D) 2 PM - 6 PM
Answer: B) 10 AM - 4 PM
Explanation: According to this article, in the new system cheques deposited between 0 -10 AM-4 PM will be scanned and cleared at the same time.
2. What security control must be implemented on cheques of Rs50,000 and above in order to prevent fraud?
A) Biometric Authentication
B) Positive Pay System (PPS)
C) Two-Factor Authentication
D) Quick Response (QR) Code
Response: B) Positive Pay System (PPS).
Explanation The article reports that Positive Pay System (PPS) by NPCI is a security feature, which is mandatory on cheques Rs50,000.
Article 4: LIC's 69th Anniversary
1. What was the market share of LIC in terms of policies as of FY 2024-25?
A) 57.05%
B) 65.83%
C) 36.00%
D) 4.5%
Answer: B) 65.83%
Month: Current Affairs - October 04, 2025
Category: MCQ