Daily Quiz — 17 Jul 2026

1. Q1.Under the RBI's amended Resolution of Stressed Assets Directions, 2025, from which date are banks and NBFCs prohibited from selling stress-acquired immovable assets back to defaulting borrowers or their related parties?

   October 1, 2026July 1, 2026January 1, 2027April 1, 2026
   Explanation: The article explicitly states that the new rules restricting the sale of stress-acquired immovable assets to defaulting borrowers or related parties become effective on October 1, 2026.

2. Q2.According to the Indian government's July 10 directive, which index is to replace the WPI in price escalation clauses of public procurement contracts?

   Producer Price Index (PPI)Consumer Price Index (CPI)Sensex IndexCost Inflation Index (CII)
   Explanation: The Department of Expenditure directed that the Producer Price Index (PPI) should replace the Wholesale Price Index (WPI) in all future public procurement contracts across sectors like roads, railways, defence, and power.

3. Q3.What key challenge has emerged regarding tax compliance for investors holding GIFT City global funds, as highlighted by conflicting guidance from fund houses?

   Uncertainty on whether they must be declared as foreign assets in income tax returnsMandatory currency conversion requirements for fund redemptionsProhibition on dividend distributions from GIFT City fundsRequirement to obtain RBI approval before fund investments
   Explanation: The article identifies regulatory ambiguity around whether GIFT City funds—which are Indian tax residents but invest in foreign securities—must be declared as foreign assets in income tax returns, with tax professionals and fund houses providing conflicting guidance.

4. Q4.Under SEBI's proposed Common Advertisement Code (CAC), how will pre-clearance of routine advertisements be replaced?

   24-hour post-issuance reporting requirementMandatory seven-day waiting period after issuanceSelf-regulatory organization (SRO) certificationReal-time monitoring by SEBI enforcement team
   Explanation: SEBI's CAC proposes replacing pre-clearance of routine ads with a 24-hour post-issuance reporting system, representing a shift from prior approval to post-facto disclosure for many advertisements.

5. Q5.If IRDAI agrees to calculate the proposed 5% unlisted investment limit on total shareholders' funds rather than surplus above solvency, approximately how much could the insurers' investable capacity in private companies increase?

   From under ₹1,500 crore to nearly ₹10,000 croreFrom ₹2,000 crore to ₹5,000 croreFrom ₹500 crore to ₹2,000 croreFrom ₹8,000 crore to ₹15,000 crore
   Explanation: The article states that private insurers estimate the proposed change could raise the sector's investable capacity in private companies to nearly ₹10,000 crore from under ₹1,500 crore under current rules—a significant expansion based on the calculation methodology shift.

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