Daily Quiz — 06 Oct 2026

1. Q1.According to the article on NBFCs' small-ticket lending, what percentage of loans below ₹2 lakh were originated by NBFCs as of June 2026?

   47%38%52%35%
   Explanation: The article explicitly states that NBFCs originated 47% of loans below ₹2 lakh as of June 2026, demonstrating their dominance in the small-ticket lending segment.

2. Q2.What was the primary reason cited for the RBI's announcement of a ₹2.50 lakh crore overnight VRRR auction on October 6?

   To prepare for an anticipated repo rate hikeTo increase liquidity in the banking systemTo support government spending programmesTo stabilize the rupee against the dollar
   Explanation: The article indicates the auction was announced a day before the Monetary Policy Committee's rate decision, signalling preparation for a potential repo rate hike and managing the elevated banking system liquidity surplus.

3. Q3.Which of the following is NOT mentioned as a flagship financial inclusion scheme being reviewed by the Finance Ministry with bank heads?

   PM Mudra YojanaPMJJBYPMSBYPradhan Mantri Digital Saksharta Abhiyaan
   Explanation: The article specifically mentions PM Mudra Yojana, PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana), and PMSBY (Pradhan Mantri Suraksha Bima Yojana) as schemes under review. Any scheme not listed among these three would be correct.

4. Q4.What incentive did Punjab National Bank offer on home loan card rates as part of its festive season campaign 'PNB Utsav Festivities 2026'?

   5 basis point concession10 basis point concession15 basis point concession20 basis point concession
   Explanation: The article states that PNB offered a 5 basis point concession on home loan card rates alongside full waivers on processing fees for home and car loans during the festive campaign.

5. Q5.According to the article on manufacturing capital expenditure trends, what was the year-on-year growth in total new project announcements in India during the first half of FY27?

   34.7%28.5%42.3%31.2%
   Explanation: The article explicitly states that new project announcements surged 34.7% year-on-year to ₹30.4 trillion in the first half of FY27, though this growth was driven primarily by IT and electricity projects rather than manufacturing.

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