Daily Quiz — 09 Oct 2026

1. Q1.According to RBI Governor Sanjay Malhotra's recent statement, what is the estimated value of credit products that could be disrupted by the proposed NBFC revolving credit restrictions?

   Over ₹2 lakh croreOver ₹5 lakh croreOver ₹1 lakh croreOver ₹10 lakh crore
   Explanation: The article clearly states that the proposed rules could disrupt credit products worth over ₹2 lakh crore. This is a direct factual reference from the RBI Governor's confirmation on draft norms.

2. Q2.According to SBI Research's forecast, what repo rate does the RBI aim to achieve by December, and through what mechanism?

   6% through a 50 basis point jumbo hike5.75% through two 25 basis point hikes6.25% through a 75 basis point hike5.5% through a 25 basis point hike
   Explanation: SBI Research forecasts a 50 basis point 'jumbo' repo rate hike in December to lift the rate to 6%. This reflects the RBI's shift to explicit tightening amid rising inflation and capital outflows.

3. Q3.What proportion of active GST filers with turnover below ₹5 crore are estimated to benefit from the proposed annual GST filing scheme, and what percentage of total GST liability do they account for?

   16% of filers, less than 1% of GST liability25% of filers, 5% of GST liability10% of filers, 2% of GST liability20% of filers, 3% of GST liability
   Explanation: The article states that approximately 16.85 lakh taxpayers—around 16% of active GST filers with turnover below ₹5 crore—stand to benefit, though they account for less than 1% of total GST liability.

4. Q4.What regulatory action did the RBI take against Sri Mahatma Basaveshwar Co-operative Bank Ltd., Afzalpur, and under which section of the Banking Regulation Act?

   Strict regulatory directions under Section 35A of the Banking Regulation Act 1949License cancellation under Section 45 of the RBI ActMerger directive under Section 49 of the Banking Regulation ActPenalties and warnings under Section 30 of the RBI Act
   Explanation: The RBI placed the bank under strict regulatory directions under Section 35A of the Banking Regulation Act 1949, effective October 8, 2026, barring it from granting loans, accepting fresh deposits, or allowing withdrawals without prior RBI approval due to liquidity concerns.

5. Q5.Citigroup recently displaced which investment bank to top India's investment banking revenue rankings year-to-date in 2026, and what was Citi's market share?

   JPMorgan, with 7% market shareGoldman Sachs, with 10% market shareMorgan Stanley, with 8% market shareBank of America, with 6% market share
   Explanation: The article states that Citigroup has topped India's investment banking revenue rankings, displacing JPMorgan with $52 million in revenue and a 7% market share year-to-date in 2026.

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