Daily Quiz — 30 Apr 2026

1. Q1.For which upcoming MPC meeting are the RBI's May 2026 round surveys on household inflation expectations and consumer confidence being conducted?

   June 3–5, 2026July 7–9, 2026August 5–7, 2026May 28–30, 2026
   Explanation: The RBI launched surveys covering 19 cities and 31 states/UTs in May 2026, and the results are intended to feed into the MPC meeting scheduled for June 3–5, 2026.

2. Q2.Under RBI's new disaster relief lending directive effective July 1, 2026, what additional specific provision must banks make on outstanding debt for borrowers under implemented resolution plans in disaster-hit areas?

   2 percent5 percent10 percent7.5 percent
   Explanation: The RBI directed banks to make an additional 5 percent specific provision on outstanding debt for borrowers under implemented resolution plans in disaster-affected areas, without waiting for individual borrower requests.

3. Q3.What was the RBI's net liquidity absorption position (including outstanding operations) as of April 29, 2026, based on overnight money market data?

   ₹1,85,432 crore₹2,14,681.80 crore₹7,24,000 crore₹2,50,000 crore
   Explanation: According to RBI data, the net liquidity position including outstanding operations stood at a net absorption of ₹2,14,681.80 crore, while the overnight money market traded ₹7.24 lakh crore at a weighted average rate of 5.08%.

4. Q4.According to EY India, if crude oil averages $120 per barrel in FY27, what level could India's CPI inflation reach?

   4 percent5 percent6 percent7 percent
   Explanation: EY India warned that crude oil averaging $120 per barrel in FY27 could push CPI inflation to 6%, which is the upper tolerance limit of the RBI's inflation band, while real GDP growth could fall to 6%.

5. Q5.What was the reported percentage increase in India-Kenya bilateral trade in 2025–26 compared to the prior year, as discussed at their Joint Trade Committee meeting?

   18.45 percent24.91 percent31.20 percent22.10 percent
   Explanation: Bilateral trade between India and Kenya reached $4.31 billion in 2025–26, representing a 24.91% increase from the prior year, as discussed at the Joint Trade Committee meeting held in Nairobi on April 27–28.

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