Daily Quiz — 17 Apr 2026

1. Q1.Under the revised creditor-led insolvency resolution framework proposed by India's insolvency regulator, what is the maximum resolution timeline being proposed compared to the current 330 days?

   150 days180 days210 days270 days
   Explanation: The draft creditor-led framework caps the entire resolution timeline at 150 days, significantly shorter than the current 330-day process, by bypassing the lengthy NCLT admission process.

2. Q2.Following the elimination of GST on retail health insurance policies in September 2025, what was the market share of standalone health insurers in March 2026?

   20 percent13.6 percent12.5 percent17.8 percent
   Explanation: Standalone health insurers' market share surged to 20 percent in March 2026, the highest in the review period, up from 13.6 percent for FY26 overall, driven by the removal of GST on retail health insurance policies.

3. Q3.Why have Indian banks reverted to pre-2020 documentation practices for forward foreign exchange contracts, according to the article?

   To curb FEMA violations after the RBI barred cancellation and rebooking of forward contracts following a speculative rupee attackTo comply with new Basel III capital adequacy norms on off-balance-sheet exposuresTo align with updated SWIFT documentation standards for cross-border transactionsTo restrict dollar outflows in response to a current account deficit widening
   Explanation: The RBI barred cancellation and rebooking of forward and derivative contracts following a speculative attack on the rupee, prompting banks to demand proof of actual trade orders and reinstate client-level limits to curb potential FEMA violations.

4. Q4.What was the total acquisition cost paid by Suraj Estate Developers for the Dadar West land parcel, and what is its estimated Gross Development Value?

   Rs 18 crore acquisition cost with Rs 100 crore GDVRs 100 crore acquisition cost with Rs 18 crore GDVRs 18 crore acquisition cost with Rs 180 crore GDVRs 50 crore acquisition cost with Rs 100 crore GDV
   Explanation: Suraj Estate Developers acquired the Dadar West land parcel for a total cost of Rs 18 crore, with the estimated Gross Development Value of the redevelopment project pegged at Rs 100 crore.

5. Q5.India's revised GDP series released in February 2026 uses which base year, and by approximately how much did the previous series overstate nominal GDP?

   2022-23 base year; overstatement of approximately 3 to 4 percent2011-12 base year; overstatement of approximately 3 to 4 percent2022-23 base year; overstatement of approximately 6 to 8 percent2020-21 base year; overstatement of approximately 1 to 2 percent
   Explanation: The new GDP series uses a 2022-23 base year and revealed that the previous series consistently overstated nominal GDP by approximately 3 to 4 percent, raising concerns about the accuracy of India's reported economic achievements.

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