Daily Quiz — 01 May 2026

1. Q1.What was the highest-ever monthly UPI transaction volume recorded, and in which month did it occur?

   2,163 crore transactions in December 20251,850 crore transactions in March 20262,050 crore transactions in October 20251,963 crore transactions in December 2024
   Explanation: According to the article, December 2025 recorded the highest-ever monthly UPI transaction volume of 2,163 crore transactions, reflecting the massive scale UPI has achieved since its 2016-17 launch.

2. Q2.Which agency has been designated to serve as PaRRVA under SEBI's Verified Performance Platform, and which institution will act as the data centre?

   CRISIL as agency and BSE as data centreCARE Ratings as agency and NSE as data centreICRA as agency and NSE as data centreCARE Ratings as agency and CDSL as data centre
   Explanation: SEBI's PaRRVA platform designates CARE Ratings as the agency responsible for verified performance disclosures, while the National Stock Exchange will serve as the data centre supporting the platform.

3. Q3.According to the IIM Ahmedabad study on the Svamitva scheme, which state recorded the highest increase in credit uptake?

   GujaratMadhya PradeshMaharashtraRajasthan
   Explanation: The IIM Ahmedabad study found that while overall credit uptake rose an average of 6.5% across Gujarat, Maharashtra, and Madhya Pradesh, Maharashtra recorded the highest increase of 15–16%.

4. Q4.As reported by the RBI for March 2026, what was the weighted average lending rate on fresh rupee loans, and what was the fresh term deposit rate?

   Lending rate 8.55%, deposit rate 5.65%Lending rate 8.40%, deposit rate 6.07%Lending rate 8.25%, deposit rate 6.07%Lending rate 8.40%, deposit rate 5.85%
   Explanation: The RBI reported that the weighted average lending rate on fresh rupee loans eased to 8.40% in March 2026, while fresh term deposit rates rose sharply to 6.07% from 5.65% in February 2026.

5. Q5.What share of new business at Star Health Insurance did ₹1 crore-plus health covers account for in FY26, and by how many percentage points did this rise year-on-year?

   About 25%, up 7–8 percentage points year-on-yearAbout 20%, up 5–6 percentage points year-on-yearAbout 30%, up 7–8 percentage points year-on-yearAbout 25%, up 10–12 percentage points year-on-year
   Explanation: At Star Health, policies of ₹1 crore and above accounted for about 25% of new business in FY26, rising by 7–8 percentage points year-on-year, driven by GST-related premium cuts improving affordability.

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