Daily Quiz — 12 Aug 2026

1. Q1.According to RBI Governor Sanjay Malhotra at FIBAC 2026, which of the following is NOT mentioned as part of India's advanced public digital infrastructure foundation for AI-driven banking?

   AadhaarUnified Payments Interface (UPI)Unified Lending InterfaceSWIFT Payment System
   Explanation: The article explicitly mentions Aadhaar, UPI, and the Unified Lending Interface as India's unique digital infrastructure. The question tests whether candidates can identify what was specifically highlighted by the RBI Governor.

2. Q2.What is the targeted disbursement level versus actual performance for India's ₹20,000 crore credit guarantee scheme for microfinance institutions as of the August 31 deadline extension?

   ₹5,500 crore disbursed₹3,300 crore disbursed₹8,900 crore disbursed₹12,700 crore disbursed
   Explanation: The article states that only ₹3,300 crore has been disbursed out of the ₹20,000 crore scheme, representing significant underperformance due to bank caution and MFI preference for cheaper market funding.

3. Q3.The Central KYC Records Registry 2.0 (CKYCRR 2.0) pilot enables which of the following capabilities?

   Automatic credit limit increases without customer consentReal-time, consent-based identity verification through APIsMandatory daily KYC updates for all account holdersGovernment surveillance of all financial transactions
   Explanation: The article states that CKYCRR 2.0 enables real-time, consent-based identity verification through APIs that could eliminate repetitive document submission across financial institutions, drawing parallels to UPI's transformative impact.

4. Q4.Under India's revised BOT framework for road projects, what is the traffic threshold below which concessionaires receive revenue support during the first seven target dates?

   5% below target10% below target15% below target20% below target
   Explanation: The article specifies that revenue support is provided if traffic falls more than 10% below the target for the first seven target dates, improving project bankability and reducing traffic risk for concessionaires.

5. Q5.How much capital has India's 2026 Foreign Currency Non-Resident (Bank) deposit scheme mobilised by end-July, and what regulatory exemptions do participating banks receive?

   $24 billion with CRR exemptions only$36 billion with CRR and SLR exemptions$48 billion with SLR exemptions only$18 billion with Reserve Ratio exemptions
   Explanation: The article states that the FCNR(B) scheme has mobilised $36 billion and offers banks exemptions from both Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements, similar to the 2013 taper tantrum response.

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