Daily Quiz — 19 Sep 2026

1. Q1.Under the proposed regulatory framework being built by India's finance ministry, which two regulators will jointly oversee digital gold after it is classified as a security?

   Reserve Bank of India and Securities and Exchange Board of IndiaMinistry of Finance and Reserve Bank of IndiaSecurities and Exchange Board of India and Ministry of Corporate AffairsReserve Bank of India and Ministry of Finance
   Explanation: The article explicitly states that digital gold will be classified as a security under the Securities Contracts (Regulation) Act, 1956, bringing it under joint RBI and SEBI oversight.

2. Q2.According to Moody's latest forecast, what is India's revised real GDP growth projection for fiscal year 2026-27?

   7.0%6.0%8.2%6.5%
   Explanation: Moody's raised India's fiscal year 2026-27 real GDP growth forecast to 7.0% from the previous 6.0%, citing stronger private consumption and robust capital formation.

3. Q3.Which Indian bank has partnered with Apple Pay for its entry into India, and what is this bank's position in the country's credit card issuer rankings?

   Axis Bank, the fourth-largest credit card issuerHDFC Bank, the largest credit card issuerICICI Bank, the second-largest credit card issuerKotak Mahindra Bank, the fifth-largest credit card issuer
   Explanation: The article states that Apple Pay will launch through a partnership with Axis Bank, which is described as the country's fourth-largest credit card issuer, with negotiations ongoing with larger rivals HDFC Bank and ICICI Bank.

4. Q4.Which three small finance banks are currently offering the highest fixed deposit rates for senior citizens at 8.50% per annum as of September 2026?

   Equitas, ESAF, and Suryoday Small Finance BanksEquitas, Aurora, and Ujjivan Small Finance BanksSuryoday, ICICI Bank, and HDFC BankESAF, RBL Bank, and Federal Bank
   Explanation: The article specifically names Equitas, ESAF, and Suryoday Small Finance Banks as offering up to 8.50% per annum on fixed deposits for senior citizens, while larger banks offer materially lower rates.

5. Q5.What is the implied valuation of Elevate Campuses based on its IPO price band of ₹343–362 per share and fresh issue size?

   ₹6,100 crore₹2,100 crore₹4,200 crore₹8,500 crore
   Explanation: The article states that Elevate Campuses' IPO price band of ₹343–362 per share for a ₹2,100-crore fresh issue implies a valuation of ₹6,100 crore, with the offering opening for subscription on September 23–25.

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