Daily Quiz — 11 Oct 2026

1. Q1.According to the GST Council's proposal, what is the TDS rate to be applied on purchases of plastic waste, discarded tyres, electronic scrap, and used cooking oil?

   2%1%5%3%
   Explanation: The article explicitly states that the GST Council proposes a 2% TDS on purchases of these non-metal scrap items, extending the framework already applied to metal scrap.

2. Q2.What colour-coded framework has SEBI mandated for all listed debt securities to display credit risk?

   Credit Risk-o-MeterRisk Rating ScaleDebt Safety IndexBond Health Indicator
   Explanation: SEBI has mandated a colour-coded Credit Risk-o-Meter for all listed debt securities, modelled on the mutual fund Risk-o-Meter introduced over a decade ago.

3. Q3.According to the article on medical inflation, what is the projected value of a ₹10 lakh health insurance policy after 10 years given the current medical inflation rate?

   ₹3.86 lakh₹5.0 lakh₹6.5 lakh₹4.2 lakh
   Explanation: The article states that medical inflation running at 12–14% annually means a ₹10 lakh policy today could buy the equivalent of only ₹3.86 lakh of treatment in a decade.

4. Q4.What is the primary concern raised in the article about overseas ETFs listed on Indian exchanges?

   They are trading at severe premiums to their net asset valuesThey have insufficient liquidity in the marketThey are not properly regulated by SEBIThey carry higher dividend tax obligations
   Explanation: The article highlights that overseas ETFs are trading at severe premiums to their net asset values, with nearly 30% of total 2026 turnover occurring at inflated prices, exposing retail investors to significant hidden losses.

5. Q5.Which of the following sectors did Finance Minister Nirmala Sitharaman prioritise during her discussions with global institutional investors in Singapore?

   Infrastructure, financial services, and healthcareManufacturing, real estate, and telecomEnergy, agriculture, and defenceRetail, entertainment, and tourism
   Explanation: The article states that Sitharaman's discussions centred on mobilising global capital to support India's development priorities, specifically naming infrastructure, financial services, and healthcare sectors.

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