Daily Quiz — 19 Apr 2026

1. Q1.What is the combined underwriting capacity of the Bharat Maritime Insurance Pool (BMIP) approved by India's Cabinet?

   Rs 950 croreRs 12,980 croreRs 1,200 croreRs 5,000 crore
   Explanation: The BMIP has a combined underwriting capacity of Rs 950 crore and is administered by GIC Re, with the overall facility valued at Rs 12,980 crore.

2. Q2.What was ICICI Bank's net profit in Q4 FY26, representing an 8.5% year-on-year rise?

   Rs 11,200 croreRs 13,701.7 croreRs 15,400 croreRs 12,650 crore
   Explanation: ICICI Bank reported a net profit of Rs 13,701.7 crore in Q4 FY26, driven by broad-based loan growth of 15.8% and a sharp fall in provisions to Rs 96 crore.

3. Q3.What action did IFSCA take against String AI IFSC Private Limited in GIFT City, and what made it historically significant?

   It imposed the largest fine ever levied in GIFT CityIt suspended the firm's trading rights for 90 daysIt revoked the broker-dealer licence, the first such cancellation in GIFT CityIt mandated a merger with a compliant GIFT City entity
   Explanation: IFSCA revoked String AI IFSC Private Limited's broker-dealer licence, marking the first such licence cancellation in GIFT City's history, following years of non-compliance including absent staff and inadequate infrastructure.

4. Q4.According to the article on India's HVDC grid expansion, what is JP Morgan's estimated sector opportunity over the next five to six years?

   Rs 80,000 croreRs 1.4 lakh croreRs 2.1 lakh croreRs 1.0 lakh crore
   Explanation: JP Morgan estimates a Rs 1.4 lakh crore opportunity in India's HVDC transmission sector over the next five to six years, driven by the country's push for 50% clean energy by 2030.

5. Q5.By how much did India's defence exports grow between 2014 and FY26, according to the article on Axis Mutual Fund's Nifty India Defence Index Fund?

   From under Rs 10 billion to Rs 150 billionFrom under Rs 10 billion to Rs 384 billionFrom under Rs 25 billion to Rs 384 billionFrom under Rs 10 billion to Rs 500 billion
   Explanation: India's defence exports surged from under Rs 10 billion in 2014 to a record Rs 384 billion in FY26, reflecting a structural transformation from being a major importer to a growing exporter of defence equipment.

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