Daily Quiz — 10 Sep 2026

1. Q1.According to the RBI Forex Swaps article, what is the primary reason the Reserve Bank of India is deploying short-term sell-buy foreign-exchange swaps?

   To drain excess rupee liquidity that has surged to around ₹11 trillionTo increase foreign currency reservesTo reduce bank lending ratesTo prevent rupee appreciation against the dollar
   Explanation: The article explicitly states that the RBI is using these swaps to drain excess rupee liquidity, which has surged to around ₹11 trillion following large capital inflows.

2. Q2.What is the estimated amount of potentially fictitious loans flagged by the National Housing Bank at SRG Housing Finance, and what percentage of the company's total loan book does this represent?

   ₹400 crore, representing roughly one-third of the company's total loan book₹600 crore, representing roughly half of the company's total loan book₹200 crore, representing roughly a quarter of the company's total loan book₹800 crore, representing roughly two-thirds of the company's total loan book
   Explanation: The article states that the National Housing Bank flagged approximately ₹400 crore in loans as potentially fictitious, representing roughly a third of SRG Housing Finance's total loan book.

3. Q3.According to the article on India's inflation forecast, what is the predicted consumer price inflation rate for August, and what are the two primary drivers mentioned?

   4.80%, driven by food prices from erratic monsoon and crude oil nearing $100 a barrel5.20%, driven by manufacturing costs and energy prices3.50%, driven by agricultural surplus and stable oil prices4.20%, driven by urban demand and import tariffs
   Explanation: The article forecasts inflation to rise to 4.80% in August (a 20-month high), driven by elevated food prices linked to erratic monsoon and crude oil nearing $100 a barrel.

4. Q4.Which authorisation did Jio Payment Solutions receive from the RBI, and what alternative does its cross-border payment service provide to traditional international payment systems?

   Payment Aggregator for Cross-Border transactions; eliminates reliance on SWIFTPayment System Operator license; reduces dependence on correspondent banksInternational Remittance Provider status; bypasses currency conversion requirementsCross-Border Investment Facilitator approval; replaces bank intermediaries entirely
   Explanation: The article states that Jio Payment Solutions received RBI authorisation as a Payment Aggregator for Cross-Border transactions, and its platform eliminates reliance on SWIFT by enabling international payments through virtual accounts, international cards, and local payment rails.

5. Q5.What significant shift is occurring in India's retail credit market according to the article on Rural India and Gen Z, and what percentage of aspirational borrower credit value now comes from semi-urban and rural markets?

   Shift toward rural borrowers, Gen Z, and women entrepreneurs; 73% of aspirational credit valueShift toward urban professionals and large enterprises; 45% of total credit valueShift toward government-backed schemes; 60% of retail credit valueShift toward corporate borrowers; 55% of institutional credit value
   Explanation: The article describes India's retail credit market shifting toward rural borrowers, Gen Z consumers, and women entrepreneurs through fintech platforms, with semi-urban and rural markets now accounting for 73% of aspirational borrower credit value.

You didn't attempt this quiz.