Daily Quiz — 27 Sep 2026

1. Q1.According to the article on Centre's FY27 borrowings, what is the targeted fiscal deficit for FY27 as a percentage of GDP?

   4.3%3.8%5.1%4.8%
   Explanation: The article explicitly states that the Centre has targeted a fiscal deficit of 4.3% of GDP for FY27 as part of its fiscal consolidation strategy.

2. Q2.Which country has displaced the United States as the top source of FDI to India in Q1 FY27, according to the latest data?

   JapanSingaporeUnited KingdomGermany
   Explanation: The article clearly states that Japan emerged as the top source country for FDI to India in Q1 FY27, while US inflows plunged 76%.

3. Q3.What is the key requirement India has introduced in its revised bilateral investment treaty framework regarding taxation?

   Taxation provisions are explicitly excluded to preserve India's sovereign tax rightsAll taxation disputes must be resolved through international arbitration immediatelyForeign investors are exempt from Indian income taxIndia will harmonise its tax rates with OECD standards
   Explanation: The article states that India's revised treaty framework explicitly excludes taxation provisions to preserve the government's sovereign right to tax, and requires foreign investors to exhaust domestic legal remedies before pursuing international arbitration.

4. Q4.According to SEBI data cited in the article on retail derivatives losses, what percentage of individual traders lost money in derivatives in FY26?

   87.7%92.0%75.3%81.5%
   Explanation: The article specifically states that SEBI data shows 87.7% of individual traders lost money in derivatives in FY26, with combined net losses of approximately ₹91,685 crore.

5. Q5.What is the primary reason NSE CEO Ashish Chauhan attributes to current Foreign Portfolio Investor outflows from Indian equities?

   The artificial intelligence-driven rally in US and other markets drawing capital away from IndiaRising interest rates making Indian bonds more attractive than equitiesRegulatory restrictions on foreign portfolio investments announced by RBIDepreciation of the rupee making Indian investments less attractive in dollar terms
   Explanation: The article quotes NSE CEO Ashish Chauhan as attributing current FPI outflows to the artificial intelligence-driven rally in US, South Korean, and Taiwanese markets, which has lifted American market capitalisation from $25 trillion to roughly $75 trillion, with his expectation that capital will cycle back to India once this AI-led boom peaks.

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