Daily Quiz — 29 Aug 2026

1. Q1.According to Motilal Oswal's forecast, what is the projected profit after tax growth rate for NBFCs in FY27, and what are the key supporting factors?

   24% PAT growth supported by healthy loan growth, easing credit costs, moderating funding costs, and improving operating leverage18% PAT growth driven primarily by asset quality improvements and deposit mobilization31% PAT growth fueled by aggressive rate hikes and margin expansion15% PAT growth based on cost-cutting measures and portfolio consolidation
   Explanation: The article explicitly states Motilal Oswal forecasts 24% PAT growth for NBFCs in FY27, supported by healthy loan growth, easing credit costs, moderating funding costs, and improving operating leverage.

2. Q2.What accident insurance cover amount is provided to account holders under the Pradhan Mantri Jan Dhan Yojana scheme?

   ₹2 lakh₹1 lakh₹5 lakh₹10 lakh
   Explanation: The article clearly states that PMJDY provides zero-balance accounts with free RuPay debit cards and accident insurance cover of ₹2 lakh.

3. Q3.What is India's total foreign exchange reserves as of August 21, 2026, and what was the week-on-week gain?

   $729.3 billion with a week-on-week gain of $12.4 billion$716.9 billion with a week-on-week gain of $15.8 billion$745.1 billion with a week-on-week gain of $8.2 billion$721.5 billion with a week-on-week gain of $10.1 billion
   Explanation: The RBI data shows India's forex reserves stood at $729.3 billion as of August 21, 2026, with a week-on-week gain of $12.4 billion.

4. Q4.According to SEBI's proposed relief measure, from which requirement are eligible listed issuers being exempted for small-value private placement debt securities?

   Appointing a mandatory merchant bankerFiling disclosure documents with stock exchangesObtaining credit rating agency approvalRegistering the issue with the RBI
   Explanation: SEBI's proposal exempts eligible listed issuers from appointing a mandatory merchant banker for small-value private placement debt securities issued at a face value of ₹10,000, citing disproportionate costs and limited merchant banker availability.

5. Q5.Fino Payments Bank has engaged which consulting firm for implementation support in its transition to Small Finance Bank status, and when is it expected to submit its readiness report to the RBI?

   PricewaterhouseCoopers; by the end of Q4 FY27Deloitte; by the end of Q3 FY27EY; by mid-FY27KPMG; by the end of Q2 FY27
   Explanation: The article states Fino Payments Bank has engaged PricewaterhouseCoopers for implementation support and is on track to submit its SFB readiness report to the RBI by the end of Q4 FY27, following in-principle approval granted in December 2025.

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