Daily Quiz — 18 May 2026

1. Q1.Which unconventional tool is among those being considered by economists to help the RBI stabilise the rupee amid capital outflows?

   Removing withholding tax on sovereign bonds for foreign investorsRaising the repo rate by 100 basis points immediatelyMandating export surrender of foreign exchange earningsImposing capital controls on FII equity outflows
   Explanation: Economists have outlined measures including reopening currency swap windows for oil marketing companies, incentivising FCNR deposits, and removing withholding tax on sovereign bonds for foreign investors to support rupee stability.

2. Q2.How many municipal corporations have issued bonds in India to date, as per SEBI's proposed municipal bond framework reforms discussion?

   22451531
   Explanation: According to the article, only 22 municipal corporations have issued bonds so far, raising a modest ₹4,540 crore through 31 issuances, highlighting the nascent state of India's municipal bond market.

3. Q3.What stake did Prudential Plc acquire in Bharti Life Insurance, and at what deal value?

   75% stake for ₹3,500 crore51% stake for ₹3,500 crore75% stake for ₹7,000 crore49% stake for ₹5,000 crore
   Explanation: Prudential Plc acquired a 75% controlling stake in Bharti Life Insurance for ₹3,500 crore, valuing the insurer at approximately ₹7,000–8,000 crore, marking a significant foreign entry into India's insurance sector.

4. Q4.Under Franklin Templeton's restrictions on overseas fund subscriptions effective May 18, 2026, what is the cap on lump-sum purchases per PAN per month?

   ₹5 lakh per PAN per month₹50,000 per PAN per month₹1 lakh per PAN per month₹2.5 lakh per PAN per month
   Explanation: Franklin Templeton restricted lump-sum purchases to ₹5 lakh per PAN per month and new SIP/STP registrations to ₹50,000 per PAN per month to comply with SEBI's industry-wide overseas investment limits.

5. Q5.What was the key ruling basis used by the Nagpur consumer commission in ordering SBI to pay ₹5 lakh insurance proceeds to the widow?

   SBI's failure to inform the customer of her rightsThe insurance policy being fraudulently mis-sold by SBISBI charging excessive premiums without consentThe insurance claim being filed within the stipulated 90-day window
   Explanation: The commission ruled that SBI's failure to inform the customer of her rights made its reliance on the 90-day claim window unjustifiable, labelling this a deficiency in service and awarding the proceeds with 6% annual interest.

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