Daily Quiz — 18 Apr 2026

1. Q1.What is the proposed revised monthly wage ceiling for EPFO mandatory coverage, up from the current ₹15,000 that has been unchanged since 2014?

   ₹30,000₹25,000₹21,000₹35,000
   Explanation: The government is reviewing a proposal to raise the EPFO monthly wage ceiling from ₹15,000 to as high as ₹30,000, a threshold that has remained unchanged since 2014.

2. Q2.As of April 10, 2026, India's foreign exchange reserves rose to USD 700,946 million. What was the week-on-week increase that drove this level?

   USD 3,825 millionUSD 2,950 millionUSD 4,210 millionUSD 3,100 million
   Explanation: According to RBI weekly data, India's foreign exchange reserves rose by USD 3,825 million week-on-week to USD 700,946 million as of April 10, 2026, driven primarily by gains in foreign currency assets and gold.

3. Q3.Under SEBI's revised 'fit and proper person' framework for market intermediaries, what change has been made to the cooling-off period?

   Reduced from one year to six monthsReduced from two years to one yearIncreased from six months to one yearReduced from eighteen months to nine months
   Explanation: SEBI has shortened the cooling-off period from one year to six months as part of its reformed fitness rules for market intermediaries, alongside removing automatic disqualification based on pending criminal complaints.

4. Q4.Sagarmala Development Company, India's first maritime-focused NBFC, is targeting $1 billion in fundraising for FY27. In addition to bonds and term loans, it is also seeking what specific government support to maintain a healthy leverage ratio?

   ₹20 billion government equity infusion₹15 billion sovereign guarantee on bonds₹25 billion subordinated debt from the government₹20 billion low-cost refinancing from RBI
   Explanation: Sagarmala Development Company is seeking a ₹20 billion government equity infusion alongside its $1 billion fundraising plan through bonds, term loans, and foreign-currency borrowings, to sustain a healthy leverage ratio as its loan book grows.

5. Q5.In Aditya Birla Housing Finance's deal with Advent International's entity Indriya Ltd, what percentage stake was sold for Rs 2,750 crore, reducing Aditya Birla Capital's holding to 85.505 per cent?

   14.285 per cent15.505 per cent12.750 per cent14.495 per cent
   Explanation: Aditya Birla Housing Finance issued a 14.285 per cent stake to Indriya Ltd via preferential allotment for Rs 2,750 crore, which reduced Aditya Birla Capital's holding from 100 per cent to 85.505 per cent.

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