Daily Quiz — 27 Aug 2026

1. Q1.According to the RBI research cited in the article on home ownership decisions, what is the recommended affordability threshold for housing costs as a percentage of household income?

   30% of household income25% of household income35% of household income40% of household income

2. Q2.What was Jio Credit's gross assets under management (AUM) in the June quarter, and what was the year-on-year growth rate?

   ₹30,000 crore with 163% YoY growth₹25,000 crore with 150% YoY growth₹35,000 crore with 180% YoY growth₹20,000 crore with 200% YoY growth

3. Q3.How many public sector banks has India consolidated from to 12 as part of the bank consolidation process recommended by the EAC-PM?

   From 27 to 12From 35 to 12From 20 to 12From 40 to 12

4. Q4.Which credit bureau executive has been appointed as the next Chief Financial Officer of Bandhan Bank?

   Amol Joshi from TransUnion CIBILRajeev Mantri from Axis BankSashidhar Jagdishan from HDFC BankRajiv Kumar from RBI

5. Q5.IRDAI under Chairman Ajay Seth recently imposed a business expansion restriction against four insurers for how long due to Expense of Management limit breaches?

   Six monthsThree monthsOne yearTwo years