Daily Quiz — 12 Sep 2026

1. Q1.According to RBI Governor Sanjay Malhotra, at which monetary policy meeting will the RBI reassess growth and inflation projections in response to rising crude oil prices?

   October meetingSeptember meetingNovember meetingDecember meeting
   Explanation: The article explicitly states that RBI Governor Sanjay Malhotra signaled the Monetary Policy Committee will reassess projections at its October meeting as crude oil prices rise from $82 to $90 per barrel.

2. Q2.Which major Indian bank faces the most immediate leadership transition challenge, with its Managing Director's term ending in October without seeking renewal?

   HDFC BankICICI BankAxis BankKotak Mahindra Bank
   Explanation: The article states that HDFC Bank confronts the most immediate challenge as Managing Director Sashidhar Jagdishan will not seek renewal when his term ends in October.

3. Q3.In its short-bond auction for the 2029 paper, how much did the RBI accept out of the planned ₹110 billion sale, signaling liquidity tightening concerns?

   ₹45.06 billion₹55.50 billion₹75.25 billion₹90.10 billion
   Explanation: The article explicitly states that the RBI accepted only ₹45.06 billion of a planned ₹110 billion sale of the 2029 paper in the short-bond auction, indicating significant rejection of bids.

4. Q4.According to RBI Deputy Governor Shirish Chandra Murmu, what volume of UPI transactions does India currently process annually, making it a systemic risk concern?

   24,162 crore transactions worth ₹314 lakh crore18,500 crore transactions worth ₹250 lakh crore30,000 crore transactions worth ₹400 lakh crore12,000 crore transactions worth ₹150 lakh crore
   Explanation: The article states that UPI processed 24,162 crore transactions worth ₹314 lakh crore in FY2025-26, and India now accounts for nearly half of the world's real-time payment transactions.

5. Q5.What is the primary regulatory concern cited by IRDAI in its ₹1 crore fine against Canara HSBC Life Insurance for the policy sold to an 88-year-old customer?

   Selling a product to a customer exceeding the maximum entry age limit, with failures in verification and disclosureCharging premium rates higher than the regulatory maximumFailing to file timely regulatory compliance reportsInadequate capital adequacy ratios
   Explanation: The article notes that IRDAI fined Canara HSBC Life for mis-selling a policy to an 88-year-old despite the product's maximum entry age being 80 years, citing failures in verification, disclosure, and solicitation processes.

You didn't attempt this quiz.