Daily Quiz — 07 Sep 2026

1. Q1.According to the GST Council delay article, what key protection is proposed for buyers under the input tax credit reform?

   Protection from losing input tax credit when suppliers fail to remit taxes if payment is made through banking channelsAutomatic refund of all input tax credits within 30 days of paymentExemption from GST on all interstate transactionsDirect credit transfer from government for failed supplier remittances
   Explanation: The article specifically states that buyers would be shielded from losing input tax credit when suppliers fail to remit taxes, provided payment is made through banking channels. This is a critical safeguard in the pending ITC reforms.

2. Q2.Based on RTI data cited in the Jan Dhan article, what proportion of PMJDY accounts are inoperative?

   One in four accountsOne in three accountsOne in five accountsOne in two accounts
   Explanation: The article explicitly states that 'one in four accounts is inoperative' based on RTI data as of August 2026, indicating 25% dormancy despite the massive scale of the scheme.

3. Q3.According to the IDBI Disinvestment article, what automatic regulatory consequence would result from the government and LIC's planned 60.72% stake sale?

   A mandatory open offer by Fairfax Holdings under SEBI takeover regulationsAutomatic delisting of IDBI Bank from stock exchangesGovernment pre-emption of the sale by matching the offer priceImmediate merger with another PSU bank
   Explanation: The article clearly states that the sale would 'automatically trigger a mandatory open offer by Canada's Fairfax Holdings under SEBI takeover regulations.' This is a direct consequence of the stake threshold under acquisition rules.

4. Q4.Which company's offer comprises a pure fresh issue of 2.70 crore shares in the SEBI-approved SME IPOs mentioned in the article?

   Monomark Engineering (India)RKB GlobalVinod TexworldSiemens Energy India
   Explanation: The article explicitly states that 'Monomark Engineering's offer is a pure fresh issue of up to 2.70 crore shares,' distinguishing it from RKB Global which combines fresh and secondary components.

5. Q5.According to the multi-brokerage consensus article, what is Motilal Oswal's target price for HDFC Bank and what upside does it imply?

   ₹925 implying 28% upside₹850 implying 22% upside₹975 implying 35% upside₹900 implying 25% upside
   Explanation: The article specifies that Motilal Oswal has set a target price of ₹925 for HDFC Bank, which implies 28% upside. This anchors their bullish case on the bank's new management and improving earnings trajectory.

You didn't attempt this quiz.