Daily Quiz — 04 Oct 2026

1. Q1.According to RBI Governor Sanjay Malhotra's recent statement, what is the Reserve Bank's primary concern regarding cryptocurrencies?

   Threats to monetary sovereignty, policy transmission, and capital flow managementLack of technological infrastructure to regulate digital assetsCompetition with India's digital payment systems like UPIEnvironmental concerns related to crypto mining
   Explanation: The article explicitly states that the RBI cites threats to monetary sovereignty, policy transmission, and capital flow management as reasons for maintaining a cautious stance on cryptocurrencies.

2. Q2.What is the proposed outlay and extension period for the Prime Minister's Employment Generation Programme (PMEGP)?

   ₹15,000 crore outlay with extension to 2030-31₹20,000 crore outlay with extension to 2032-33₹10,000 crore outlay with extension to 2028-29₹91,000 crore outlay with extension to 2030-31
   Explanation: The article clearly states that PMEGP is set for a five-year extension to 2030-31 with a proposed ₹15,000 crore outlay, building on ₹91,000 crore in loans sanctioned since its 2008 launch.

3. Q3.According to the RBI's 2025 Digital Lending Directions, what is a mandatory requirement before regulated lenders extend credit?

   Assessment of borrower creditworthiness before extending creditObtaining written approval from RBI headquartersConducting mandatory physical verification of all applicantsCharging a minimum processing fee of 2% of loan amount
   Explanation: The article on personal loan fraud explicitly states that the RBI's 2025 Digital Lending Directions mandate that regulated lenders assess creditworthiness before extending any credit, making unsolicited guaranteed-loan offers a clear violation.

4. Q4.What structural shift in global capital markets has analysts identified regarding long-term government bond yields?

   A structural shift ending the four-decade era of falling rates, not merely a cyclical correctionA temporary cyclical correction that will reverse within 12 monthsA decline in yields driven by increased central bank purchases of bondsConvergence of all major economies' bond yields to a single global rate
   Explanation: The article explains that long-term government bond yields are rising simultaneously across major economies, with the US 10-year Treasury yield surpassing 5% for the first time since 2007, signalling a structural — not cyclical — shift, potentially ending a four-decade era of falling rates.

5. Q5.As per the Bombay High Court case, what is the outstanding debt amount owed by Vijay Mallya to the SBI-led lender consortium as of August 31?

   ₹8,751.86 crore₹10,270 crore₹1,518.14 crore₹0 (fully settled)
   Explanation: The article states that the SBI-led lender consortium told the Bombay High Court that Vijay Mallya still owes ₹8,751.86 crore as of August 31, contradicting his claim of settlement, despite a temporary recovery of ₹10,270 crore backed by a bond.

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