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Daily Current Affairs 2 October 2026

30 current affairs MCQs based on major developments reported on 1 October 2026 for the 2 October 2026 daily current affairs quiz.

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.

  1. Question 1

    What was India's gross GST collection in September 2026, according to government data reported on 1 October?

    • ₹2.04 trillion Correct answer
    • ₹1.84 trillion
    • ₹2.40 trillion
    • ₹1.54 trillion
    Explanation: India's gross GST collections in September 2026 were reported at ₹2.04 trillion, up 14.7% year on year.
  2. Question 2

    By what percentage did India's September 2026 gross GST collection rise year on year?

    • 10.4%
    • 14.7% Correct answer
    • 17.4%
    • 12.7%
    Explanation: The September 2026 gross GST collection represented a 14.7% year-on-year increase.
  3. Question 3

    What was India's retail inflation rate in August 2026 cited in the Finance Ministry's September review?

    • 3.82%
    • 5.82%
    • 4.82% Correct answer
    • 6.82%
    Explanation: The Finance Ministry's September review cited retail inflation of 4.82% for August 2026.
  4. Question 4

    What wholesale inflation rate was cited for India in August 2026 in the Finance Ministry review?

    • 8.92%
    • 10.92%
    • 7.92%
    • 9.92% Correct answer
    Explanation: The review reported wholesale inflation at 9.92% in August 2026.
  5. Question 5

    What level of foreign-exchange reserves did the Finance Ministry review cite for India?

    • $765.9 billion Correct answer
    • $785.7 billion
    • $705.9 billion
    • $815.9 billion
    Explanation: The September 2026 economic review cited reserves at $765.9 billion.
  6. Question 6

    What was India's reported import cover from its foreign-exchange reserves in the September 2026 economic review?

    • 9.1 months
    • 11.1 months Correct answer
    • 12.5 months
    • 8.4 months
    Explanation: The review said India's reserves provided import cover of about 11.1 months.
  7. Question 7

    Which factor was identified by the Finance Ministry as a risk that could increase India's imported inflation?

    • Lower domestic rainfall alone
    • Falling global bond yields
    • Higher crude oil prices Correct answer
    • Lower international freight costs
    Explanation: The review warned that high crude prices and tighter global financial conditions could amplify imported inflation.
  8. Question 8

    What weather phenomenon did the Finance Ministry review warn could affect winter crop yields?

    • A strong La Niña
    • A polar vortex over India
    • A sudden Indian Ocean Dipole collapse
    • A strong El Niño Correct answer
    Explanation: The review warned that a strong El Niño could affect winter crop yields.
  9. Question 9

    What was the Nifty 50 level at the end of September 2026, according to Reuters?

    • 22,620.45 Correct answer
    • 23,620.45
    • 21,620.45
    • 22,260.45
    Explanation: Reuters reported that the Nifty 50 fell 6.1% in September to 22,620.45.
  10. Question 10

    What was the Sensex level at the end of September 2026, according to Reuters?

    • 73,480.29
    • 72,480.29 Correct answer
    • 71,480.29
    • 72,840.29
    Explanation: Reuters reported that the Sensex declined 5.8% in September to 72,480.29.
  11. Question 11

    How much did foreign investors withdraw from Indian equities during September 2026, according to Reuters?

    • $1.7 billion
    • $3.7 billion
    • $2.7 billion Correct answer
    • $4.7 billion
    Explanation: Reuters reported foreign investors pulled $2.7 billion from Indian equities during September 2026.
  12. Question 12

    What was the total foreign-investor outflow from Indian equities in 2026 cited by Reuters by the end of September?

    • $16.8 billion
    • $36.8 billion
    • $22.8 billion
    • $26.8 billion Correct answer
    Explanation: Reuters reported total foreign-investor outflows of $26.8 billion during 2026 by the end of September.

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Frequently Asked Questions

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You need at least 60% to pass this quiz.

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