Daily Quiz — 15 May 2026

1. Q1.How many NBFCs had their registrations cancelled by the RBI in its recent bulk action on the NBFC registry?

   150 NBFCs100 NBFCs200 NBFCs75 NBFCs
   Explanation: According to the article, the RBI cancelled registrations of 150 NBFCs as part of its bulk cleanup action on the NBFC registry.

2. Q2.What was India's WPI inflation rate in April as reported, and how wide did the gap between WPI and CPI inflation become?

   8.3% WPI; gap of 482 basis points7.8% WPI; gap of 420 basis points8.3% WPI; gap of 350 basis points9.1% WPI; gap of 482 basis points
   Explanation: India's WPI inflation surged to a 42-month high of 8.3% year-on-year in April, while the gap between WPI and CPI inflation widened to a 44-month high of 482 basis points.

3. Q3.By what percentage did Indian corporate External Commercial Borrowings (ECBs) decline in FY26 compared to FY25, and what was the primary domestic factor driving borrowers back to local banks?

   33% decline; RBI's cumulative repo rate cuts of 125 basis points25% decline; RBI's cumulative repo rate cuts of 100 basis points33% decline; RBI's cumulative repo rate cuts of 75 basis points40% decline; RBI's cumulative repo rate cuts of 125 basis points
   Explanation: ECBs declined by 33% from $61 billion in FY25 to approximately $41 billion in FY26, driven primarily by RBI's cumulative repo rate cuts of 125 basis points making domestic banks at least 100 basis points cheaper than ECBs.

4. Q4.What is the approximate stake Venu Srinivasan is set to acquire in Jana Small Finance Bank, and by how many percentage points is the capital adequacy ratio expected to improve?

   9.99% stake; improvement of approximately 2.5 percentage points9.99% stake; improvement of approximately 4 percentage points14.99% stake; improvement of approximately 2.5 percentage points9.99% stake; improvement of approximately 1.5 percentage points
   Explanation: TVS Group's Venu Srinivasan is set to acquire a 9.99% stake in Jana Small Finance Bank for approximately ₹500 crore, which would lift the bank's capital adequacy ratio by around 2.5 percentage points to roughly 22%.

5. Q5.Under the LRS fraud investigation, what was the maximum number of fake PANs found to be used by a single individual to circumvent the annual remittance cap?

   47 fake PANs25 fake PANs63 fake PANs35 fake PANs
   Explanation: According to the article on LRS remittance fraud, individuals were found using as many as 47 fake Permanent Account Numbers (PANs) to circumvent the $250,000 annual cap under the Liberalised Remittance Scheme.

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