Which body approved the strategic buyer for IDBI Bank?

Cabinet Committee on Economic Affairs

Competition Commission of India

What new name was approved for the National Social Assistance Programme?

Pradhan Mantri Samajik Sahayata Yojana

Pradhan Mantri Jan Suraksha Yojana

Pradhan Mantri Parivar Vikas Yojana

Pradhan Mantri Samriddhi Pension Yojana

Medium Free Current Affairs Daily Current Affairs

Daily Current Affairs 15 October 2026

Daily Current Affairs quiz based on developments reported on 14 October 2026.

30 Questions

No limit Duration

60% To pass

1.00 Marks / correct

Instructions

This quiz has 30 questions.
There is no time limit on this quiz.
You need 60% to pass.
There is no negative marking.
You can mark questions for review and return to them before submitting.
Correct answers and explanations are shown after you submit.

Sample Questions & Answers

A preview of 12 questions from this quiz, each with the correct answer and a written explanation. Attempt the full, timed quiz to be scored and earn XP.

Question 1
Which entity was approved as strategic buyer for a 60.72% stake in IDBI Bank?
- 10955230 Canada Inc. Correct answer
- GRT Jewellers India
- NuageLux BidCo
- Fairfax India Holdings
Explanation: The CCEA approved 10955230 Canada Inc., whose parent is Fairfax Financial Holdings, as the strategic buyer.
Question 2
What was the purchase consideration approved for the 60.72% stake in IDBI Bank?
- ₹32,878.08 crore
- ₹42,528.08 crore
- ₹52,878.08 crore Correct answer
- ₹62,578.08 crore
Explanation: The approved purchase consideration was approximately ₹52,878.08 crore.
Question 3
What percentage of IDBI Bank equity was included in the approved strategic sale?
- 30.48%
- 49.50%
- 60.72% Correct answer
- 75.00%
Explanation: The approved transaction covers an aggregate 60.72% stake.
Question 4
What share of the IDBI Bank stake being sold was held by the Government of India?
- 15.00%
- 30.24%
- 30.48% Correct answer
- 60.72%
Explanation: The government portion was 30.48%, while LIC's portion was 30.24%.
Question 5
What residual shareholding would LIC retain in IDBI Bank after the approved sale?
- 9%
- 15%
- 19% Correct answer
- 30.24%
Explanation: The announcement states that LIC would retain a 19% stake.
Question 6
Which body approved the strategic buyer for IDBI Bank?
- RBI
- Cabinet Committee on Economic Affairs Correct answer
- Competition Commission of India
- SEBI
Explanation: The Cabinet Committee on Economic Affairs approved the strategic buyer.
Question 7
What new name was approved for the National Social Assistance Programme?
- Pradhan Mantri Samajik Sahayata Yojana Correct answer
- Pradhan Mantri Jan Suraksha Yojana
- Pradhan Mantri Parivar Vikas Yojana
- Pradhan Mantri Samriddhi Pension Yojana
Explanation: The Union Cabinet approved renaming NSAP as Pradhan Mantri Samajik Sahayata Yojana.
Question 8
What outlay was approved for NSAP continuation from 2026–27 to 2030–31?
- ₹23,428 crore
- ₹43,528 crore
- ₹53,428 crore Correct answer
- ₹63,428 crore
Explanation: The approved five-year outlay is ₹53,428 crore.
Question 9
For how many years was continuation of NSAP approved?
- Three years
- Four years
- Five years Correct answer
- Ten years
Explanation: NSAP continuation was approved for five years, from 2026–27 through 2030–31.
Question 10
What benchmark disability percentage was approved for disability pension eligibility?
- 20%
- 40% Correct answer
- 60%
- 80%
Explanation: The revised benchmark disability criterion is 40%, down from 80%.
Question 11
What assistance was announced for disability pension beneficiaries aged 0–79?
- ₹250
- ₹375 Correct answer
- ₹500
- ₹625
Explanation: The revised framework sets assistance at ₹375 for beneficiaries aged 0–79.
Question 12
What disability pension assistance was announced for beneficiaries aged 80 and above?
- ₹375
- ₹500
- ₹625 Correct answer
- ₹750
Explanation: The assistance amount for those aged 80 and above is ₹625.