Daily Quiz — 03 Sep 2026

1. Q1.According to CRISIL Ratings' projection, what is the expected gross non-performing asset (GNPA) ratio threshold for small finance banks by March 2027?

   Below 3.8%Below 4.2%Below 3.2%Below 4.8%
   Explanation: The article explicitly states that CRISIL projects SFBs' GNPA ratio will fall below 3.8% by March 2027, driven by improved microfinance underwriting and a growing non-microfinance portfolio.

2. Q2.What was the approximate size of India's gold loan market as of July 2026?

   ₹5.52 lakh crore₹2.93 lakh crore₹7.45 lakh crore₹4.50 lakh crore
   Explanation: The Financial Express article states that India's gold loan market nearly doubled to ₹5.52 lakh crore as of July 2026, up from ₹2.93 lakh crore a year earlier.

3. Q3.According to Japan's JCR rating agency, what is India's upgraded sovereign foreign and local currency long-term issuer rating, and what is the expected minimum growth trajectory?

   A- rating with growth expected to remain above 6%AA- rating with growth expected to remain above 7%A rating with growth expected to remain above 5%A+ rating with growth expected to remain above 8%
   Explanation: JCR upgraded India's sovereign ratings to A- citing 7.7% real GDP growth in FY2026, and expects growth to remain above 6% going forward. The country ceiling was also raised to A.

4. Q4.What was the primary objective of the RBI's special FCNR(B) swap facility that closed in August, based on the actual rupee outcome despite the $65.4 billion inflow?

   Reserve accumulation and crisis bufferingImmediate rupee appreciation to ₹90 per dollarReducing foreign investor outflowsLowering India's current account deficit
   Explanation: Despite mobilising $65.4 billion—nearly double the 2013 crisis window—the rupee remained near ₹95 per dollar, indicating that reserve accumulation and crisis buffering, rather than currency appreciation, was the scheme's true objective.

5. Q5.India's newly enacted Income-tax Act of 2025 comprises how many sections and chapters?

   536 sections across 23 chapters425 sections across 18 chapters650 sections across 28 chapters480 sections across 20 chapters
   Explanation: The Economic Times article reports that the Income-tax Act, 2025, passed by both houses in August 2025, comprises 536 sections across 23 chapters, replacing the earlier legislative framework.

You didn't attempt this quiz.