Daily Quiz — 26 Jul 2026

1. Q1.According to HDFC Bank's research report, what combined inflow of foreign currency is expected from RBI's June measures including FCNR-B hedging cost coverage and concessional forex swaps?

   USD 55–85 billionUSD 35–50 billionUSD 100–150 billionUSD 20–40 billion
   Explanation: The article explicitly states that these initiatives could attract combined inflows of USD 55–85 billion to address India's balance-of-payments position.

2. Q2.IDFC FIRST Bank's net profit surge in Q1FY27 was primarily driven by which two factors?

   21% growth in net interest income and 23% rise in other incomeIncreased loan disbursements and reduced operational costsAsset quality improvement and higher provisioningCapital raise and dividend payouts
   Explanation: The article states that the 132% YoY profit surge was driven by 21% growth in net interest income and a 23% rise in other income, alongside declining provisions.

3. Q3.What percentage of UPI market share does PhonePe command according to the article, and by how much did its net loss widen in FY26?

   Over 45% market share; net loss widened by 62%Over 50% market share; net loss widened by 45%Over 40% market share; net loss widened by 50%Over 55% market share; net loss widened by 75%
   Explanation: The article states that PhonePe commands over 45% UPI market share and its net loss widened sharply by 62% to ₹2,792 crore in FY26.

4. Q4.According to IRDAI Chairman Debasish Panda's statement, what principle should serve as the cornerstone of consumer protection in insurance products?

   TransparencyProfitabilityMarket competitionVolume growth
   Explanation: The article directly states that transparency is the cornerstone of consumer protection in IRDAI's vision for insurance products.

5. Q5.India's EV charging infrastructure gap is significant—how many EVs does one charger need to serve against the global benchmark?

   One charger per 135 EVs versus global benchmark of one per 6–20 EVsOne charger per 100 EVs versus global benchmark of one per 25–50 EVsOne charger per 200 EVs versus global benchmark of one per 30–40 EVsOne charger per 150 EVs versus global benchmark of one per 10–15 EVs
   Explanation: The article states that India has just one charger for every 135 EVs against a global benchmark of one per 6–20 EVs, highlighting a major infrastructure deficit.

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