Daily Quiz — 17 May 2026

1. Q1.According to the article on India's Digital Finance Stack, which combination of tools was highlighted by Principal Secretary PK Mishra as forming India's global model for financial inclusion?

   UPI, JAM Trinity, and Direct Benefit TransferUPI, NACH, and Aadhaar-enabled Payment SystemJAM Trinity, IMPS, and PM Jan Dhan YojanaUPI, BBPS, and Direct Benefit Transfer
   Explanation: PK Mishra specifically cited UPI, JAM Trinity, and Direct Benefit Transfer as the core components of India's digital finance stack that serve as a global model for financial inclusion.

2. Q2.In the Yes Bank loan fraud case, what was the alleged irregularity regarding the ₹150-crore loan sanctioned in 2016 to an HDIL subsidiary?

   The loan was disbursed without board approval and exceeded single-borrower exposure limitsRecovery rights were transferred to an ARC without NPA classification or independent asset valuationThe loan was restructured multiple times in violation of RBI's prudential normsCollateral security was substituted post-disbursement without lender consent
   Explanation: The complainant alleged that loan recovery rights were prematurely transferred to an asset reconstruction company without classifying the loan as an NPA or conducting an independent asset valuation, which is a procedural violation.

3. Q3.As reported in the article on rising bond yields, by how many basis points did India's 10-year government security yield rise between May 2025 and the time of the report?

   80 basis points100 basis points120 basis points150 basis points
   Explanation: The 10-year G-sec yield climbed from 5.9% to 7.1%, representing an increase of 120 basis points, driven by rising inflation expectations from an oil shock and potential El Niño disruptions.

4. Q4.What was the approximate size of the combined loan book that the proposed PFC-REC merged entity would manage, as mentioned in the article?

   ₹8.5 lakh crore₹11.5 lakh crore₹14.2 lakh crore₹9.8 lakh crore
   Explanation: According to the article, the combined PFC-REC entity would manage a loan book of approximately ₹11.5 lakh crore, which would rival India's seventh-largest bank in scale.

5. Q5.Regarding Vodafone Idea's Q4 FY26 results, what was the value of the one-time exceptional gain from the DoT's AGR reassessment that drove its reported net profit?

   ₹51,970 crore₹48,300 crore₹55,622 crore₹60,450 crore
   Explanation: Vodafone Idea's net profit of ₹51,970 crore was almost entirely driven by a one-time exceptional gain of ₹55,622 crore following the Department of Telecommunications' reassessment of AGR dues, masking modest underlying operational recovery.

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