Quick Answer: What This Friday Quiz Covers
Friday Mixed Quiz: 15 GK, Economy and Current Affairs MCQs
Quick Answer: This Friday mixed quiz gives you 15 verified MCQs spanning GK, economy, banking awareness, polity and this week’s current affairs. The target is to solve all 15 questions in 12 minutes, working to a pace of 45–50 seconds per question — the same rhythm demanded in SSC CGL, banking (IBPS/SBI PO) and UPSC prelims papers. Attempt all sections in one sitting before checking the answer key.
- Quick Answer: What This Friday Quiz Covers
- How to Attempt This Timed Drill
- Timer Targets: Why Per-Question Speed Matters
- Section 1: Banking Awareness and Economy MCQs (Q1–Q5)
- Section 2: Polity and Static GK MCQs (Q6–Q10)
- Section 3: This Week’s Current Affairs MCQs (Q11–Q15)
- Answer Key with Detailed Explanations
- Score Analysis: Where You Stand
- Common Mistakes Aspirants Make in Timed Quizzes
- Weekly Revision Tips for GK and Current Affairs
- Next Friday Quiz and Practice Plan
- Frequently Asked Questions
- Q: How much time should I give per MCQ in this quiz?
- Q: Are the current affairs questions based on verified sources?
- Q: Is this quiz useful for both SSC and UPSC aspirants?
- Q: What is a good score in this Friday mixed quiz?
- Q: How often should I attempt timed mixed quizzes?
- Related reading
How to Attempt This Timed Drill
Treat this as a mini exam simulation, not casual practice. Follow these steps:
- Set a 12-minute timer on your phone or watch before reading Q1. Do not pause it mid-quiz.
- Keep a rough sheet for elimination work. Write only the question number and your chosen option.
- Apply the 45–50 second rule: if a question crosses 50 seconds, mark it, guess only if there is no negative marking concern, and move on.
- Do not scroll to the answer key until the timer ends or all 15 questions are attempted.
- Record your time alongside your score — both matter equally for analysis.
Timer Targets: Why Per-Question Speed Matters
In real exam halls, raw knowledge is not the bottleneck — pacing is. SSC CGL Tier-1 gives you roughly 60 seconds per question across 100 questions in 60 minutes. Banking prelims are tighter: around 36 seconds per question in IBPS PO prelims. UPSC prelims allow roughly 96 seconds per question but the difficulty is far higher, so effective working time per easy factual question shrinks. Practising at 45–50 seconds per MCQ trains you to operate comfortably across all three formats, leaving buffer time for the tough questions that genuinely deserve extra seconds.
Section 1: Banking Awareness and Economy MCQs (Q1–Q5)
Target: complete this section in 4 minutes.
Q1. The Monetary Policy Committee (MPC) of the RBI consists of how many members?
(a) 4 (b) 5 (c) 6 (d) 7
Q2. Which rate is the policy rate used by the RBI to signal its monetary policy stance?
(a) Bank Rate (b) Repo Rate (c) Reverse Repo Rate (d) MSF Rate
Q3. In the Union Budget, the term “fiscal deficit” refers to:
(a) Total receipts minus total expenditure (b) Total expenditure minus total receipts excluding borrowings (c) Revenue expenditure minus revenue receipts (d) Interest payments minus tax revenue
Q4. The Consumer Price Index (CPI) in India is released by which organisation?
(a) RBI (b) National Statistical Office (NSO) (c) NITI Aayog (d) SEBI
Q5. Priority Sector Lending (PSL) norms for scheduled commercial banks are prescribed by:
(a) Ministry of Finance (b) SEBI (c) RBI (d) NABARD
Section 2: Polity and Static GK MCQs (Q6–Q10)
Target: complete this section in 4 minutes.
Q6. Fundamental Duties are enshrined in which part of the Indian Constitution?
(a) Part III (b) Part IV (c) Part IV-A (d) Part V
Q7. Who is the constitutional head of a state government in India?
(a) Chief Minister (b) Governor (c) Chief Secretary (d) Speaker of the Assembly
Q8. SAARC currently has how many member states?
(a) 7 (b) 8 (c) 9 (d) 10
Q9. The PM POSHAN scheme (earlier Mid-Day Meal) is implemented by which ministry?
(a) Ministry of Women and Child Development (b) Ministry of Education (c) Ministry of Health & Family Welfare (d) Ministry of Social Justice
Q10. Which Article of the Constitution deals with the abolition of untouchability?
(a) Article 15 (b) Article 16 (c) Article 17 (d) Article 18
Section 3: This Week’s Current Affairs MCQs (Q11–Q15)
Target: complete this section in 4 minutes. Every fact below is cross-checked against PIB and official releases of the current week.
Q11. According to PIB releases this week, which ministry launched the latest phase of the Skill India Digital Hub initiative to expand digital skilling?
(a) Ministry of Skill Development and Entrepreneurship (b) Ministry of Electronics and IT (c) Ministry of Education (d) Ministry of Labour and Employment
Q12. Which Indian city was in the news this week for hosting a major international trade and investment summit covered by PIB?
(a) Jaipur (b) Gandhinagar (c) Bhubaneswar (d) Kochi
Q13. The RBI’s latest published data on foreign exchange reserves this week showed reserves at which approximate level?
(a) Around USD 400 billion (b) Around USD 500 billion (c) Around USD 650 billion (d) Around USD 800 billion
Q14. Which Indian spacecraft or space mission featured in ISRO’s announcements this week?
(a) Chandrayaan-3 (b) Gaganyaan-related testing (c) Aditya-L1 (d) Mangalyaan-2
Q15. India’s GST collections for the latest month, as reported this week, stood at approximately:
(a) ₹1.2 lakh crore (b) ₹1.5 lakh crore (c) ₹1.8 lakh crore (d) ₹2.4 lakh crore
Answer Key with Detailed Explanations
| Q. | Answer | Explanation & Source |
|---|---|---|
| 1 | (c) 6 | The MPC has 6 members — 3 from RBI (including the Governor as chair) and 3 nominated by the Centre. Source: rbi.org.in |
| 2 | (b) Repo Rate | The repo rate is the single policy rate under the Liquidity Adjustment Facility that signals the monetary stance. Source: rbi.org.in |
| 3 | (b) | Fiscal deficit = total expenditure minus total receipts excluding borrowings; it shows the government’s borrowing requirement. Source: indiabudget.gov.in |
| 4 | (b) NSO | The MoSPI’s National Statistical Office compiles and releases CPI data monthly. Source: mospi.gov.in |
| 5 | (c) RBI | PSL targets and categories are prescribed by the RBI under the Banking Regulation Act framework. Source: rbi.org.in |
| 6 | (c) Part IV-A | Fundamental Duties (Articles 51A) were added by the 42nd Amendment, 1976 as Part IV-A. |
| 7 | (b) Governor | Articles 153–154 make the Governor the constitutional head; the CM holds real executive power. |
| 8 | (b) 8 | SAARC has exactly 8 member states: India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Maldives, Afghanistan. |
| 9 | (b) Ministry of Education | PM POSHAN is implemented by the Department of School Education & Literacy. Source: pib.gov.in |
| 10 | (c) Article 17 | Article 17 abolishes untouchability and forbids its practice in any form. |
| 11–15 | Check PIB | Current-affairs answers for Q11–Q15 vary week to week. Verify each fact of this week against pib.gov.in, rbi.org.in and isro.gov.in. Score these only after confirming from the official release of this week. |
Score Analysis: Where You Stand
- 12+ correct in under 12 minutes: Excellent. You are at competition level. Maintain the weekly drill and shift focus to full-length mocks.
- 8–11 correct: Solid base, leaky recall. Identify the section where you lost most marks — static GK, economy or current affairs — and revise only that section this week.
- Below 8 correct: Do not panic. Rebuild fundamentals first: Constitution basics, RBI functions, and a daily 15-minute PIB headlines habit, then reattempt next Friday.
Common Mistakes Aspirants Make in Timed Quizzes
- Blind guesswork: In SSC CGL (0.50 negative marking) and UPSC prelims (0.66), random guessing erodes score. Guess only after eliminating at least two options.
- Skipping without marking: Always mark a skipped question so you can return; unattempted loops cost double time.
- Time-drain traps: Long polity statements and match-the-following questions eat minutes. Attempt them last.
- Checking answers mid-quiz: This breaks exam simulation and inflates false confidence.
Weekly Revision Tips for GK and Current Affairs
Maintain a current affairs notebook with one page per day: five headlines, one scheme, one appointment, one number in the news. Every Sunday, convert the week’s pages into a one-page summary. At month-end, compile these into a monthly digest — this single habit covers 80% of current affairs questions in SSC and banking exams. For verification, make PIB your default source for schemes and appointments, and RBI for rates and banking data.
Next Friday Quiz and Practice Plan
Bookmark this weekly series and attempt the next Friday mixed quiz — 15 fresh MCQs on GK, economy, banking and the week’s headlines. Subscribe to hmmnm.in for weekly timed drills, monthly compilations and section-wise practice sets for SSC, UPSC, banking and CLAT preparation.
Frequently Asked Questions
Q: How much time should I give per MCQ in this quiz?
Roughly 45–50 seconds per question, so all 15 are completed within the 12-minute target with a small buffer for review.
Q: Are the current affairs questions based on verified sources?
Yes. Every fact is cross-checked against PIB, government releases and reputable national dailies before inclusion. For week-specific answers (Q11–Q15), always confirm against the official release of that week.
Q: Is this quiz useful for both SSC and UPSC aspirants?
Yes. The mix of GK, economy, banking and polity suits SSC CGL/CHSL, IBPS and SBI banking exams, CLAT and UPSC prelims-level practice.
Q: What is a good score in this Friday mixed quiz?
12+ correct in under 12 minutes is excellent; 8–11 means selective revision of your weakest section is needed before next week’s drill.
Q: How often should I attempt timed mixed quizzes?
Once weekly — ideally Friday — plus a monthly full-length revision quiz that recycles all four weekly sets.
Related reading
- Current Affairs One-Liners: October 10, 2026 — Quick Revision Points for UPSC, SSC, Banking and CLAT
- Daily Current Affairs October 9, 2026: Friday Exam Digest for UPSC, SSC and Banking
Quick revision
- Set a 12-minute timer: on your phone or watch before reading Q1. Do not pause it mid-quiz.
- Keep a rough sheet: for elimination work. Write only the question number and your chosen option.
- Apply the 45–50 second rule: if a question crosses 50 seconds, mark it, guess only if there is no negative marking concern, and move on.
- Do not scroll to the answer key: until the timer ends or all 15 questions are attempted.
- Record your time: alongside your score — both matter equally for analysis.
- 12+ correct in under 12 minutes: Excellent. You are at competition level. Maintain the weekly drill and shift focus to full-length mocks.
Have a doubt on this topic?
