Daily Quiz — 13 May 2026

1. Q1.What was India's retail inflation (CPI) rate in April, as reported by the Economic Times?

   3.48%4.12%2.97%3.85%
   Explanation: India's CPI inflation rose to 3.48% in April, driven by firming food prices, particularly a surge in tomato prices, though it remained below market expectations.

2. Q2.According to the Moneycontrol article on PSU banks, what was the gross non-performing assets (GNPA) ratio of public sector banks in FY26, reflecting historic highs in asset quality?

   1.93%2.45%3.12%1.65%
   Explanation: India's public sector banks achieved a historic improvement in asset quality in FY26, with gross NPAs falling to 1.93%, alongside record aggregate net profits of ₹1.98 lakh crore and a provisioning coverage ratio above 90%.

3. Q3.Which platform and cloud partner did AU Small Finance Bank use to deploy its first AI-native loan origination system?

   Dailoqa's Broccoli platform with Amazon Web ServicesSalesforce Financial Cloud with Microsoft AzureFinacle AI Suite with Google Cloud PlatformTemenos Infinity with IBM Cloud
   Explanation: AU Small Finance Bank deployed its AI-native loan origination system built on Dailoqa's Broccoli platform in partnership with Amazon Web Services, replacing legacy digital workflows with a hyper-personalised platform.

4. Q4.What is the maximum deposit insurance coverage available to depositors of Sarvodaya Co-operative Bank Ltd., whose banking licence was cancelled by the RBI in May 2026?

   ₹5 lakh₹2 lakh₹10 lakh₹1 lakh
   Explanation: As per the RBI notification, depositors of Sarvodaya Co-operative Bank are eligible for DICGC coverage of up to ₹5 lakh, with 98.36% of depositors entitled to receive their full deposit amount under this cover.

5. Q5.According to the joint OpenAI and Z47 report cited in the Moneycontrol article, by what year is AI projected to add $1 trillion to India's GDP, and how much did AI startup funding grow year-on-year?

   By 2035, with AI startup funding nearly doubling to $1.3 billionBy 2030, with AI startup funding growing 50% to $900 millionBy 2035, with AI startup funding tripling to $2.1 billionBy 2040, with AI startup funding nearly doubling to $1.3 billion
   Explanation: The report projects AI could add $1 trillion to India's GDP by 2035, contributing 1–1.5 percentage points to annual growth. AI startup funding in India nearly doubled year-on-year to $1.3 billion as enterprises shifted from pilots to full-scale deployment.

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