Daily Quiz — 22 Aug 2026

1. Q1.As of August 14, 2026, what was India's foreign exchange reserves level, and how much did it gain year-on-year?

   $716.9 billion, gaining $21.8 billion year-on-year$705.1 billion, gaining $21.8 billion year-on-year$716.9 billion, gaining $9.9 billion year-on-year$738.7 billion, gaining $21.8 billion year-on-year
   Explanation: The article explicitly states that India's foreign exchange reserves rose to $716.9 billion as of August 14, 2026, gaining $21.8 billion year-on-year.

2. Q2.What is the current gross non-performing asset (GNPA) ratio for scheduled commercial banks in Q1 FY27, and how many consecutive quarters has it improved?

   1.71%, improving for 20 consecutive quarters2.26%, improving for 20 consecutive quarters1.71%, improving for 15 consecutive quarters1.55%, improving for 20 consecutive quarters
   Explanation: The article states that the GNPA ratio fell to 1.71% in Q1 FY27 from 2.26% a year ago, marking 20 consecutive quarters of improvement.

3. Q3.India's gold loan market has surged to approximately what outstanding loan amount as of May 2026, and what growth rate did it achieve in FY26?

   ₹3.3 lakh crore with nearly 50% growth in FY26₹3.3 lakh crore with nearly 35% growth in FY26₹2.8 lakh crore with nearly 50% growth in FY26₹3.5 lakh crore with nearly 50% growth in FY26
   Explanation: The article specifies that India's gold loan market reached approximately ₹3.3 lakh crore in outstanding loans as of May 2026, with nearly 50% growth in FY26.

4. Q4.Which of the following statements about Shriram Wealth's expansion strategy is correct?

   Expanding to ₹10 lakh–₹2 crore segment with AI solutions in 3-6 monthsExpanding to ₹5 lakh–₹1 crore segment with AI solutions in 6-12 monthsExpanding to ₹10 lakh–₹2 crore segment with AI solutions in 12-18 monthsExpanding to ₹2 crore–₹5 crore segment with blockchain solutions in 3-6 months
   Explanation: The article states that Shriram Wealth plans to expand downward from the ₹2 crore–₹25 crore segment to include clients with investable assets of ₹10 lakh to ₹2 crore, and will introduce AI-based solutions within three to six months.

5. Q5.How much did HDFC Bank raise in its dual-tranche dollar bond sale via GIFT City, and what is its cumulative total raised under the RBI's concessional dollar bond window since June?

   $1.75 billion raised, $2.50 billion cumulative total$1.75 billion raised, $1.75 billion cumulative total$2.00 billion raised, $3.00 billion cumulative total$1.50 billion raised, $2.50 billion cumulative total
   Explanation: The article specifies that HDFC Bank raised $1.75 billion in the dual-tranche dollar bond sale, bringing its cumulative total to $2.50 billion under the RBI's concessional dollar bond window since June.

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