Daily Quiz — 09 Sep 2026

1. Q1.According to the RBI's September survey initiative, across how many states and cities is the household inflation and consumer confidence survey being conducted ahead of the October 7 monetary policy announcement?

   19 cities and 31 states25 cities and 35 states15 cities and 28 states22 cities and 40 states
   Explanation: The article explicitly states that the RBI launched its September round of surveys across 19 cities and 31 states to capture sentiment on prices, employment, income, and spending.

2. Q2.By how much did the RBI raise the annual external commercial borrowing (ECB) cap, and what other key regulatory change was made in February regarding ECB?

   Raised from $750 million to $1 billion and removed all-in-cost ceilingsRaised from $500 million to $1 billion and introduced stricter cost capsRaised from $1 billion to $1.5 billion and removed hedging requirementsRaised from $750 million to $900 million and mandated currency hedging
   Explanation: The article states that the RBI raised the annual borrowing cap to $1 billion from $750 million and removed all-in-cost ceilings in February, enabling Indian corporates to increase overseas borrowing applications.

3. Q3.Which credit rating did S&P Global assign to Bank of India, and what specific risks did the agency flag regarding the bank's credit profile?

   'BBB' long-term rating; below-industry-average profitability and asset quality risks'AA' long-term rating; limited deposit base and liquidity concerns'BBB-' long-term rating; high loan concentration and capital adequacy risks'A' long-term rating; operational efficiency and technology risks
   Explanation: S&P Global assigned Bank of India a 'BBB' long-term issuer credit rating, citing strong government support and solid deposit base as strengths, but flagged below-industry-average profitability and asset quality as key risks.

4. Q4.What is the primary feature of the BAANKNET platform expansion by PSB Alliance, and which ministry portal is it being integrated with to enhance NPA recovery?

   Vehicle auctions integration with the transport ministry's VAHAN portalReal estate auctions integration with the housing ministry's PROPTECH portalMachinery auctions integration with the industry ministry's ASSETS portalCommodity auctions integration with the agriculture ministry's AGRI portal
   Explanation: BAANKNET is expanding to include vehicle auctions and being integrated with the transport ministry's VAHAN portal to provide richer vehicle data and improve bidder participation for NPA recovery by public sector banks.

5. Q5.What is the estimated valuation of the NSE IPO, and how does it compare to India's current largest IPO record in terms of market capitalisation?

   ₹30,000 crore IPO size with valuation potentially over ₹5 lakh crore, surpassing current largest IPO₹25,000 crore IPO size with valuation of ₹3 lakh crore, matching current largest IPO₹40,000 crore IPO size with valuation of ₹6 lakh crore, significantly below current largest IPO₹20,000 crore IPO size with valuation of ₹4 lakh crore, ensuring second position
   Explanation: The article states that the NSE IPO is estimated at around ₹30,000 crore and could value the exchange at over ₹5 lakh crore, potentially surpassing India's current largest IPO record.

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