Daily Quiz — 08 Oct 2026

1. Q1.According to the RBI Governor, what is the current bank credit growth rate, and what does it indicate about FCNR(B) fund deployment?

   18% credit growth, indicating FCNR(B) funds are being deployed for lending15% credit growth, indicating FCNR(B) funds are being held as reserves22% credit growth, indicating FCNR(B) funds are flowing to equity markets12% credit growth, indicating FCNR(B) funds are being repatriated
   Explanation: The article explicitly states that RBI Governor Sanjay Malhotra noted bank credit growth of 18%, which signals that FCNR(B) funds are already being deployed for lending purposes.

2. Q2.Which cyber threat specific to quantum computing has the Finance Ministry directed Indian banks to examine as part of their quantum transition strategy?

   'Harvest now, decrypt later' attacks targeting encrypted banking data'Ransomware cascade' attacks targeting real-time transaction networks'Zero-day exploit' attacks on merchant banking systems'DDoS amplification' attacks on deposit mobilization platforms
   Explanation: The article identifies 'harvest now, decrypt later' attacks as a specific quantum cyber threat that could expose encrypted banking data to future quantum decryption, which banks must address in their transition strategy.

3. Q3.What was the net FII equity outflow on October 7, and what percentage of this outflow was offset by DII buying?

   ₹6,121 crore, with DIIs offsetting approximately 75% through ₹4,597 crore buying₹4,597 crore, with DIIs offsetting 50% through compensatory purchases₹8,300 crore, with DIIs offsetting 90% of the outflow₹3,500 crore, with DIIs fully absorbing the FII selling
   Explanation: The article states FIIs net sold ₹6,121 crore while DIIs net bought ₹4,597 crore, which represents approximately 75% offset of the FII selling (₹4,597/₹6,121 ≈ 75%).

4. Q4.According to SEBI's recent debt fundraising relaxation, which of the following is NOT a requirement for exemption from mandatory merchant banker appointment?

   Minimum asset size of ₹500 croreListed for at least one yearRegulated by a recognised financial sector regulatorNo pending SEBI penalties
   Explanation: SEBI's exemption requires issuers to be: regulated by recognised financial sector regulators, listed for at least one year, and free of pending SEBI penalties. The debt face value must be ₹10,000. Minimum asset size is not mentioned as a requirement.

5. Q5.What is the composite PMI reading for India in September, and which two sectors contributed to this broad-based economic expansion?

   Composite PMI of 55.9, driven by manufacturing (55.1) and services (55.2) sectorsComposite PMI of 54.5, driven primarily by manufacturing growthComposite PMI of 56.2, driven by services and infrastructure sectorsComposite PMI of 53.8, showing contraction in both sectors
   Explanation: The article states that India's composite PMI climbed to 55.9 in September, driven by both manufacturing PMI at a seven-month high of 55.1 and services PMI at a three-month high of 55.2, signalling broad-based economic momentum.

You didn't attempt this quiz.