Daily Quiz — 10 May 2026

1. Q1.What percentage of India's non-life insurance industry does health insurance account for in FY26, and which insurer leads the segment?

   41%, New India Assurance38%, Star Health Insurance41%, HDFC ERGO35%, New India Assurance
   Explanation: Health insurance accounts for 41% of India's non-life insurance industry in FY26, and New India Assurance leads the segment with ₹21,531.5 crore in premiums.

2. Q2.Under the amended General Financial Rules, for how long can contractors be debarred from government procurement for failing to pay wages or statutory social security contributions?

   Up to one yearUp to two yearsUp to three yearsUp to five years
   Explanation: India's Finance Ministry has amended General Financial Rules to debar contractors for up to three years if they fail to pay wages or statutory social security contributions under government contracts.

3. Q3.According to SEBI-registered analyst Kunal Saraogi, what GDP growth and inflation figures has the Indian market already priced in due to the oil shock and West Asia tensions?

   GDP growth of 6.8% and inflation of 4.8%GDP growth of 6.6% and inflation of 5.1%GDP growth of 6.4% and inflation of 5.5%GDP growth of 7.0% and inflation of 4.5%
   Explanation: Kunal Saraogi stated that Indian markets have priced in GDP growth of 6.6% and inflation of 5.1% stemming from the ongoing oil shock and geopolitical tensions in West Asia.

4. Q4.What is the minimum investment required to participate in HSBC Mutual Fund's RedHex SIF, a Specialised Investment Fund launched under SEBI's new category?

   ₹5 lakh₹25 lakh₹10 lakh₹50 lakh
   Explanation: HSBC Mutual Fund's RedHex SIF requires a minimum investment of ₹10 lakh, positioning it as a bridge between traditional mutual funds and sophisticated vehicles like Portfolio Management Services.

5. Q5.What penalty did the RBI impose on Himachal Pradesh Gramin Bank, and what was the primary reason cited for the penalty?

   ₹10 lakh, for KYC non-compliance₹5 lakh, for failing to transfer unclaimed deposits to DEAF on time and not paying interest on term deposits₹5 lakh, for exceeding the credit-deposit ratio limit₹2 lakh, for failing to maintain statutory liquidity ratio requirements
   Explanation: The RBI fined Himachal Pradesh Gramin Bank ₹5 lakh for failing to transfer eligible unclaimed deposits to the Depositor Education and Awareness Fund on time and for not paying interest on term deposits from maturity to repayment.

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