Daily Quiz — 03 May 2026

1. Q1.According to RBI Governor Sanjay Malhotra, what was India's average GDP growth rate during 2021–25, and what is the expected gross foreign direct investment for 2025–26?

   8.2% growth; USD 90 billion FDI7.8% growth; USD 80 billion FDI8.5% growth; USD 100 billion FDI8.2% growth; USD 75 billion FDI
   Explanation: The article states India's economy averaged 8.2% growth during 2021–25 and gross FDI is expected to reach USD 90 billion in 2025–26, reflecting the country's economic resilience.

2. Q2.As per India's foreign exchange reserves data for the week ending April 24, 2026, by how much did total forex reserves decline, and what was the primary breakdown of the fall?

   Fell USD 4.82 billion; FCA down USD 2.84 billion, gold down USD 1.90 billionFell USD 3.50 billion; FCA down USD 2.00 billion, gold down USD 1.50 billionFell USD 4.82 billion; FCA down USD 3.50 billion, gold down USD 1.32 billionFell USD 2.30 billion; FCA down USD 1.84 billion, gold down USD 0.46 billion
   Explanation: Forex reserves fell by USD 4.82 billion to USD 698.49 billion, with foreign currency assets dropping USD 2.84 billion and gold reserves falling USD 1.90 billion, accounting for the broad-based decline.

3. Q3.What key proposal does RBI's discussion paper make to counter the surge in authorised push payment frauds, and what proportion of fraud value do such transactions represent?

   One-hour delay on transfers above ₹10,000; representing 98.5% of fraud valueTwo-hour delay on transfers above ₹25,000; representing 95% of fraud valueOne-hour delay on transfers above ₹50,000; representing 98.5% of fraud value24-hour cooling period on transfers above ₹10,000; representing 90% of fraud value
   Explanation: The RBI discussion paper proposes a one-hour delay on account-to-account transfers above ₹10,000. Authorised push payment frauds represent 98.5% of fraud value lost and have risen more than tenfold since 2021.

4. Q4.In the context of India's tightened FDI rules for land-border countries, which sectors are specifically barred for Pakistan-origin investments?

   Defence, space, and atomic energyBanking, insurance, and real estateTelecommunications, media, and retailDefence, pharmaceuticals, and infrastructure
   Explanation: The Finance Ministry's new rules bar Pakistan-origin investments from entering defence, space, and atomic energy sectors, in addition to requiring prior government approval for all FDI from land-border countries.

5. Q5.What is the proposed change to the aggregate investment limit for non-resident Indians and overseas citizens of India in NSE's upcoming Extraordinary General Meeting scheduled for May 25, 2026?

   From 10% to 24% of paid-up equity share capitalFrom 15% to 26% of paid-up equity share capitalFrom 10% to 49% of paid-up equity share capitalFrom 20% to 30% of paid-up equity share capital
   Explanation: NSE's EGM will vote on raising the aggregate investment limit for NRIs and OCIs from the current 10% to 24% of paid-up equity share capital, as part of preparations for its anticipated public listing.

You didn't attempt this quiz.