Daily Quiz — 25 Jul 2026

1. Q1.According to the article on Advanced Sys-Tek's IPO filing, what is the total amount being raised through the fresh issue and offer-for-sale combined?

   ₹98 crore₹148 crore₹50 crore₹26 crore
   Explanation: The article explicitly states Advanced Sys-Tek filed for a fresh issue of up to ₹98 crore and an offer-for-sale of up to 26 lakh shares, with ₹50 crore of net proceeds earmarked for working capital, indicating the fresh issue component is ₹98 crore.

2. Q2.What key distinction does the NFRA guidance on AI in statutory audits emphasize regarding auditors' professional responsibility?

   Professional responsibility remains non-delegable regardless of technology usedAI can fully replace traditional audit proceduresAuditors are not liable if AI systems make errorsTechnology deployment eliminates the need for audit testing
   Explanation: The NFRA guidance affirms that auditors' professional responsibility remains non-delegable regardless of the technology deployed, meaning auditors cannot outsource their core responsibility to AI systems.

3. Q3.Which bank sector segment demonstrated the fastest credit growth rate over the three-year period to May 2026?

   Engineering sector at 17.6% CAGRBasic metals at 10.3% CAGRAgricultural sector at 15% CAGRReal estate at 12% CAGR
   Explanation: According to the article on bank credit growth, the engineering sector grew at 17.6% CAGR over three years, making it the fastest-growing industry segment, driven by government infrastructure spending.

4. Q4.What is Bank of India's Q1 FY27 standalone net profit growth rate, and what was its main driver?

   36% growth driven by net interest income increase of 13%36% growth driven by loan portfolio expansion of 25%25% growth driven by fee income surge of 30%40% growth driven by asset quality improvements
   Explanation: Bank of India achieved a 36% year-on-year rise in standalone net profit to ₹3,068 crore in Q1 FY27, driven primarily by a 13% increase in net interest income and 19% rise in other income.

5. Q5.According to the article on supply-driven inflation, what is a primary source of today's inflation that traditional monetary policy tools struggle to address?

   Crude oil disruptions, geopolitical conflicts, and food supply shortfallsExcess consumer demand and wage inflationRapidly expanding money supply and credit growthRising corporate profit margins and pricing power
   Explanation: The article identifies that today's supply-driven inflation stems from crude oil disruptions, geopolitical conflicts, and food supply shortfalls rather than excess demand, making traditional demand-side monetary policy tools insufficient.

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