Daily Quiz — 31 Aug 2026

1. Q1.According to the RBI's Financial Stability Report cited in the article on banks' financial literacy push, which income bracket is identified as the biggest driver of fresh non-performing assets over nine consecutive quarters?

   ₹5–10 lakh annual income₹10–15 lakh annual income₹2–5 lakh annual income₹15–20 lakh annual income
   Explanation: The article explicitly states that the RBI's Financial Stability Report identifies borrowers in the ₹5–10 lakh annual income bracket as the biggest driver of fresh non-performing assets over nine consecutive quarters, which is why banks are targeting financial literacy to this segment.

2. Q2.In the GST Council meeting scheduled for September 12, what key protection is being considered for buyers' input tax credit (ITC) when suppliers default on tax payments?

   ITC protection only if transactions are settled through banking channelsITC protection without any conditionsITC protection only for large businessesAutomatic refund of ITC to all buyers
   Explanation: The article states that the GST Council will consider protecting buyers' input tax credit (ITC) rights when suppliers default on tax payments, provided that transactions are settled through banking channels, which ensures proper documentation and traceability.

3. Q3.What are the multiple reasons cited by Ashish Shah of Wealth First Portfolio Managers for large Foreign Institutional Investor (FII) inflows into India being unlikely in the near term?

   High US interest rates, currency risk, elevated taxation, and India's market underperformanceOnly high US interest rates and currency riskOnly elevated taxation and market underperformanceOnly weak monsoon predictions and inflation concerns
   Explanation: According to the article, Shah cites high US interest rates, currency risk, elevated taxation, and India's recent market underperformance as barriers to large FII inflows. These factors together create a challenging environment for foreign investors.

4. Q4.According to the AMFI-Crisil Factbook 2026 cited in the Index Funds article, what was the net inflow of assets into index funds during FY26 alone?

   ₹2.07 lakh crore₹1.50 lakh crore₹3.07 lakh crore₹2.50 lakh crore
   Explanation: The article explicitly states that index fund net inflows reached ₹2.07 lakh crore in FY26 alone, reflecting the rapid growth in passive investing in India.

5. Q5.Catamaran Ventures, Narayana Murthy's family office, made its fifth metal-sector investment in two quarters by acquiring a stake in which foundry consumables maker?

   Foseco IndiaSansera EngineeringTD Power SystemsMM Forgings
   Explanation: According to the article, Catamaran Ventures acquired a 0.74% stake in Foseco India for ₹33.01 crore, which was its fifth metal-sector investment in two quarters, following investments in Sansera Engineering, TD Power Systems, Vardhman Special Steels, and MM Forgings.

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