Daily Quiz — 05 Oct 2026

1. Q1.According to the article on the Monetary Policy Committee, what is the primary reason cited for renewed pressure to hike the repo rate?

   Brent crude rebound to $100 per barrel amid Iran conflict and persistent inflation risksDepreciation of the Indian rupee against the US dollarExcessive credit growth in the housing sectorDeflationary pressures from weak consumer demand
   Explanation: The article explicitly states that Brent crude rebounding to $100 per barrel amid the unresolved Iran conflict, combined with sustained growth and persistent inflation risks, has prompted calls for a rate hike.

2. Q2.Which housing finance company has been ordered by the National Housing Bank to undergo a forensic audit for investigating potentially fictitious loan accounts?

   SRG Housing FinanceHDFC Housing FinanceLIC Housing FinanceIndiabulls Housing Finance
   Explanation: The article identifies the Udaipur-based housing finance company as SRG Housing Finance, which is being investigated for fictitious loan accounts through a forensic audit ordered by the NHB.

3. Q3.What is the proposed fivefold increase in the criminal prosecution threshold for GST enforcement as part of the decriminalisation reforms?

   From ₹1 crore to ₹5 croreFrom ₹2 crore to ₹10 croreFrom ₹50 lakh to ₹2.5 croreFrom ₹1 crore to ₹2.5 crore
   Explanation: The GST Council is raising the criminal prosecution threshold from ₹1 crore to ₹5 crore, representing a fivefold increase, as part of reforms to shift enforcement emphasis toward tax recovery and financial penalties over criminal action.

4. Q4.In India's mainboard IPO market during the first half of FY27, what percentage of the record ₹94,205 crore in proceeds went to existing shareholders via offer-for-sale rather than as fresh capital to companies?

   59 percent41 percent75 percent45 percent
   Explanation: The article states that 59 percent of the record IPO proceeds went to existing shareholders through offers for sale, with the NSE's ₹22,563-crore all-OFS listing being the primary driver of this OFS-heavy skew.

5. Q5.According to the article on private capex revival, what was the record amount of private-sector project sanctions by banks and financial institutions in FY26?

   ₹4.4 lakh crore₹3.8 lakh crore₹5.2 lakh crore₹2.9 lakh crore
   Explanation: The article specifically states that private-sector project sanctions by banks and financial institutions reached a record ₹4.4 lakh crore in FY26, with infrastructure and the power sector dominating the investment landscape.

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