Daily Quiz — 18 Sep 2026

1. Q1.What measure did the RBI take to attract fresh dollar inflows from non-resident Indians to stem the rupee slide?

   Exempted FCNR(B) deposits from reserve requirements and removed interest rate ceilingsImplemented capital controls to restrict outflowsIncreased the repo rate by 50 basis pointsMandated foreign institutional investors to maintain minimum holdings
   Explanation: The article explicitly states that the RBI made FCNR(B) swap schemes attractive by exempting deposits from reserve requirements and removing interest rate ceilings to draw fresh dollar inflows from NRIs.

2. Q2.By how much was the EPFO wage ceiling raised, and what is the estimated annual government outgo due to this increase?

   From ₹15,000 to ₹25,000; annual outgo ₹11,339 croreFrom ₹10,000 to ₹25,000; annual outgo ₹9,500 croreFrom ₹15,000 to ₹30,000; annual outgo ₹15,000 croreFrom ₹20,000 to ₹25,000; annual outgo ₹8,000 crore
   Explanation: The article states that the EPFO wage ceiling was raised from ₹15,000 to ₹25,000 per month, extending coverage to over 10 million workers, with the government's annual outgo rising to an estimated ₹11,339 crore.

3. Q3.What does SEBI's pooled municipal bonds initiative aim to generate in urban infrastructure funding by fiscal year 2031?

   Up to $900 billionUp to $500 billionUp to $1.2 trillionUp to $600 billion
   Explanation: The article clearly states that SEBI is pushing municipalities to pool financing and issue bonds collectively to fund up to $900 billion in urban infrastructure required by fiscal year 2031.

4. Q4.According to the article, what structural shift is occurring in Indian equity markets as evidenced by the rotation from traditional consumer stocks?

   Rotation from traditional consumer/banking stocks to platforms and capital-market businessesIncreased investment in only government securitiesA shift entirely toward international equitiesMovement from technology stocks to commodity-focused sectors
   Explanation: The article indicates that Indian equity markets are rotating from traditional consumer and private banking stocks toward platform and capital-market businesses, with derating of once-premium consumer stocks reflecting a structural shift in investor preference.

5. Q5.How much of a stake did Peak XV Partners offload in Billionbrains Garage Ventures (parent of Groww) in the open-market transaction, and for what amount?

   1.46% stake for ₹1,756 crore2.15% stake for ₹2,000 crore0.6% stake for ₹35.2 crore1.75% stake for ₹1,500 crore
   Explanation: The article specifies that Peak XV Partners offloaded a 1.46% stake in Billionbrains Garage Ventures for ₹1,756 crore in open-market transactions, which sent Groww stock down 3.96%.

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