Daily Quiz — 02 Aug 2026

1. Q1.According to the RBI swap facility article, what is the total forex inflows mobilised by the Reserve Bank of India's concessional swap facility by July 31, 2026?

   USD 40,816 millionUSD 36,725 millionUSD 50,000 millionUSD 30,000 million
   Explanation: The article explicitly states that the RBI swap facility mobilised USD 40,816 million in forex inflows by July 31, 2026, with FCNR(B) deposits contributing USD 36,725 million of this amount.

2. Q2.What is the primary reason cited by TRUST Mutual Fund CEO Sandeep Bagla for expecting the RBI to revise inflation projections upward?

   Rising crude-linked input costs driving consumer price hikesAnticipated US Federal Reserve rate hikesDeclining consumer demand across FMCG volumesIncreased RBI repo rate decisions
   Explanation: While the article mentions that at least eight major Indian consumer companies plan calibrated price increases driven by rising crude-linked input costs, the CEO expects RBI to revise inflation projections upward at its next policy meeting in response to these pricing pressures and breached inflation targets.

3. Q3.According to the article on UPI transactions, what was the year-on-year growth rate in transaction volume for July 2026?

   22 per cent18 per cent25 per cent19 per cent
   Explanation: The article explicitly states that India's UPI processed 23.66 billion transactions in July 2026 with a year-on-year transaction volume growth of 22 per cent, driven by organic consumer adoption.

4. Q4.By what percentage did Muthoot Finance's gold loan Assets Under Management (AUM) surge year-on-year in Q1 FY27?

   44 per cent25 per cent36 per cent38 per cent
   Explanation: The article clearly states that Muthoot Finance's gold loan AUM surged 44 per cent year-on-year in Q1 FY27, reflecting robust demand for gold-backed credit among individuals and small businesses.

5. Q5.According to McKinsey's report on AI in insurance, what structural disadvantage do laggard insurers risk if they fail to adapt?

   Widening structural disadvantage in competitionLoss of customer data and privacy complianceImmediate regulatory penalties from IRDAIMandatory consolidation with larger insurers
   Explanation: The McKinsey report warns that AI will force insurers to choose between scale-driven cost competition and deep specialisation, with laggards risking a widening structural disadvantage. The report also highlights new opportunities in AI liability and micro-coverage segments that AI makes economically viable.

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