Daily Quiz — 08 Aug 2026

1. Q1.Under the RBI's recent amendment to Priority Sector Lending directions, which deposits are now excluded from Adjusted Net Bank Credit calculations?

   FCNR(B) deposits (3–5 year tenor) and NRE term deposits (3+ year tenor)FCNR(B) deposits (1–2 year tenor) and NRE savings depositsAll FCNR(B) deposits and NRI demand depositsNRE term deposits only (1+ year tenor)
   Explanation: The RBI specifically exempted advances against fresh FCNR(B) deposits (3–5 year tenor) and NRE term deposits (3+ year tenor) mobilised between June–September 2026 from PSL calculations to attract foreign-currency inflows.

2. Q2.According to the latest Reuters poll, what was India's projected Consumer Price Index inflation for July?

   4.50%4.38%4.75%4.25%
   Explanation: The article states that India's CPI inflation was expected to rise to 4.50% in July from 4.38% in June, driven primarily by uneven monsoon rains affecting food supply.

3. Q3.What is the target timeline for the PFRDA to onboard new National Pension Scheme subscribers through digital channels?

   2–3 crore annually, with a 5-year target of 35–40 crore subscribers1–2 crore annually, with a 3-year target of 20 crore subscribers3–4 crore annually, with a 10-year target of 50 crore subscribers5 crore annually, with a 2-year target of 10 crore subscribers
   Explanation: The PFRDA plans to onboard 2–3 crore new subscribers annually and aims to reach 35–40 crore total NPS subscribers within five years using digital channels and bank distribution networks.

4. Q4.SBI's record quarterly profit in Q1 FY27 was ₹21,121 crore. What was the primary driver of this growth?

   15% growth in net interest income and 32% fall in loan-loss provisions50% growth in non-interest income and reduced operating costsExpansion of retail lending by 25% and fee income growthInvestment gains and dividend income from subsidiaries
   Explanation: SBI's record profit was driven by 15% growth in net interest income and a significant 32% fall in loan-loss provisions, both of which contributed substantially to the 10% year-on-year increase.

5. Q5.Why did the RBI reject Religare Enterprises' proposed demerger scheme?

   Concerns about the going-concern transfer of lending and financial services business to the subsidiaryInsufficient capital adequacy ratios at the subsidiary levelOpposition from stock exchange regulators NSE and BSENon-compliance with priority sector lending norms
   Explanation: The RBI rejected the proposed demerger that sought to transfer Religare's lending and financial services business to subsidiary Religare Finvest on a going-concern basis, citing regulatory concerns, though both entities indicated they would seek further clarification from the regulator.

You didn't attempt this quiz.