Daily Quiz — 30 Aug 2026

1. Q1.According to the article on South NBFCs, what regulatory exemption has allowed these companies to maintain higher net interest margins despite the RBI's soft interest rate stance?

   Exemption from priority sector lending normsExemption from capital adequacy requirementsExemption from know-your-customer complianceExemption from non-performing asset classification
   Explanation: The article explicitly states that South-based NBFCs benefit from regulatory exemption from priority sector lending norms, which shields their net interest margins during periods of soft interest rates.

2. Q2.What is the maximum UPI transaction limit that the Reserve Bank of India has set specifically for tax payments?

   ₹5 lakh per transaction₹1 lakh per transaction₹2 lakh per transaction₹3 lakh per transaction
   Explanation: The article on UPI transaction limits clearly states that the RBI has raised the UPI limit for tax payments specifically to ₹5 lakh per transaction, higher than the standard ₹1 lakh cap.

3. Q3.In the Subhash Chandra insolvency case, what is the total debt amount against which a ₹6.5 crore settlement was approved?

   ₹22,006 crore₹6,500 crore₹15,000 crore₹10,000 crore
   Explanation: The article clearly states that Subhash Chandra's total debt is ₹22,006 crore, against which dissenting banks are challenging the ₹6.5 crore settlement approved by the creditors' committee.

4. Q4.According to SEBI's action against Debock Industries, what was the total amount of unlawful gains ordered to be disgorged?

   ₹59.30 crore₹49 crore₹29 crore₹20.10 crore
   Explanation: The article on Debock Industries states that SEBI ordered disgorgement of ₹59.30 crore in unlawful gains following the accounting fraud investigation involving fictitious sales and diverted funds.

5. Q5.What key requirement remains essential to authorize any debit transaction through a UPI ID, according to security experts mentioned in the article?

   UPI PIN authenticationAadhar biometric verificationOTP sent to registered emailVoice recognition confirmation
   Explanation: The article emphasizes that while a UPI ID alone cannot drain a bank account, the UPI PIN is the true shield and is required for authentication of any debit; scammers exploit UPI IDs by tricking users into authorizing outflows through collect requests or fraudulent payment screens.

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