Daily Quiz — 03 Oct 2026

1. Q1.According to SBI Research, at what inflation level does the RBI expect to raise the policy repo rate at its October 5–7 Monetary Policy Committee meeting?

   When CPI inflation exceeds 6.5% in October–NovemberWhen CPI inflation falls below 5% in SeptemberWhen CPI inflation reaches exactly 5.65% in SeptemberImmediately, regardless of inflation levels
   Explanation: SBI Research explicitly projects CPI inflation above 6.5% in October–November and expects the RBI to raise the policy repo rate by at least 25 basis points in response to broadening price pressures.

2. Q2.Which department has Sudhakar Malli been assigned to oversee as the newly appointed RBI Executive Director?

   Department of Supervision (Supervisory Assessment)Department of Monetary PolicyDepartment of Payment SystemsDepartment of Consumer Affairs
   Explanation: Sudhakar Malli was appointed as Executive Director effective October 1, with specific charge of the Department of Supervision (Supervisory Assessment), leveraging his 25+ years of banking supervision experience.

3. Q3.During the 2021–25 period, how much did DRT and SARFAESI mechanisms recover in debt, and how did this compare to IBC recoveries?

   ₹2.30 lakh crore, marginally exceeding IBC recoveries₹1.50 lakh crore, significantly below IBC recoveries₹3.50 lakh crore, far exceeding IBC recoveries₹2.30 lakh crore, but significantly less than IBC recoveries
   Explanation: ARCs reported that DRT and SARFAESI mechanisms recovered ₹2.30 lakh crore during 2021–25, marginally exceeding recoveries achieved under the Insolvency and Bankruptcy Code.

4. Q4.What is the primary concern that has displaced geopolitical conflict among global family offices in 2026?

   InflationGeopolitical conflictInterest rate volatilityCurrency depreciation
   Explanation: According to Citi Wealth's 2026 Global Family Office Report, inflation has become the primary concern flagged by nearly two-thirds of respondents, replacing geopolitical conflict as the top worry.

5. Q5.What share of new-to-credit customers was reported in June 2026 according to the TransUnion CIBIL-FIDC report, and what was the corresponding figure a decade earlier?

   50% in June 2026, up from 24% in June 201650% in June 2026, up from 35% in June 201660% in June 2026, up from 24% in June 201640% in June 2026, down from 50% in June 2016
   Explanation: The TransUnion CIBIL-FIDC report shows that the share of new-to-credit customers rose to 50% in June 2026 from 24% in June 2016, reflecting a significant expansion in credit inclusion over the decade.

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