Daily Quiz — 21 Apr 2026

1. Q1.Under which section of the Companies Act is the SFIO assessing alleged book manipulation and accounting discrepancies at IndusInd Bank?

   Section 447Section 134Section 211Section 379
   Explanation: The SFIO investigation ordered by the Ministry of Corporate Affairs is assessing whether the irregularities constitute fraud under Section 447 of the Companies Act.

2. Q2.What balance sheet size as a percentage of India's GDP is SBI targeting by 2030?

   25%30%20%35%
   Explanation: SBI has set a target to expand its balance sheet to 25% of India's GDP by 2030, up from approximately 20% currently.

3. Q3.What was India's Index of Eight Core Industries growth rate for the full year 2025–26, and which sectors primarily supported it?

   2.6%, supported by steel and cement3.4%, supported by coal and electricity2.6%, supported by crude oil and fertilisers1.8%, supported by steel and coal
   Explanation: Full-year core sector growth for 2025–26 was a modest 2.6%, with steel and cement providing the primary support amid contractions in fertilisers, crude oil, coal, and electricity.

4. Q4.In the RBI's G-Sec switch auction, what was the total value of government securities repurchased, and how much in new bonds was simultaneously issued?

   Repurchased Rs 12,687 crore; issued Rs 13,311 croreRepurchased Rs 13,311 crore; issued Rs 12,687 croreRepurchased Rs 12,687 crore; issued Rs 12,687 croreRepurchased Rs 10,500 crore; issued Rs 13,311 crore
   Explanation: The RBI switch auction involved repurchasing Rs 12,687 crore in existing government securities while simultaneously issuing Rs 13,311 crore in new bonds to smoothen the debt maturity profile.

5. Q5.What cap did the RBI impose on banks' net open positions in the onshore deliverable rupee market after lifting restrictions on non-deliverable derivative contracts?

   $100 million per business day$250 million per business day$50 million per business day$500 million per business day
   Explanation: After lifting emergency curbs on non-deliverable derivative contracts, the RBI still required banks to cap net open positions in the onshore deliverable rupee market at $100 million per business day.

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