Daily Quiz — 19 May 2026

1. Q1.According to RBI's Payment System Report, what was the approximate annual growth rate of credit card transaction value between 2021 and 2025?

   27%33%19%35%
   Explanation: The RBI's Payment System Report noted that credit card transaction value climbed to ₹23.2 lakh crore, growing at roughly 27% annually over the period.

2. Q2.Under the Scheme for Special Assistance to States for Capital Investment, how much of the full-year allocation is the Centre releasing to states in Q1 of FY27, and what is the total full-year allocation?

   ₹90,000 crore (45% of ₹2 lakh crore)₹75,000 crore (37.5% of ₹2 lakh crore)₹90,000 crore (50% of ₹1.8 lakh crore)₹1 lakh crore (50% of ₹2 lakh crore)
   Explanation: The Centre is front-loading ₹90,000 crore in Q1 of FY27, which represents 45% of the total full-year allocation of ₹2 lakh crore under the scheme.

3. Q3.Regarding SEBI's proposed relaxation for research analysts, which category of clients will continue to require call recordings to be maintained?

   Retail clientsInstitutional investorsForeign portfolio investorsBoth retail and institutional clients
   Explanation: SEBI proposed exempting research analysts from maintaining call recordings only when interacting with institutional investors. All record-keeping requirements, including call recordings, remain intact for retail clients.

4. Q4.What decision did the RBI take regarding the Countercyclical Capital Buffer (CCyB) following its latest review?

   Not to activate the CCyB at this timeTo activate the CCyB immediately at 0.5%To reduce the existing CCyB requirement to zeroTo consult banks before deciding on CCyB activation
   Explanation: After reviewing the credit-to-GDP gap indicators and supplementary metrics, the RBI decided not to activate the CCyB at this time, holding its activation in abeyance.

5. Q5.In the context of IDBI Bank's stalled privatisation, by how much is the Indian government reportedly considering cutting the reserve price to revive the process?

   Up to 20%Up to 10%Up to 30%Up to 15%
   Explanation: The government is considering cutting the reserve price for IDBI Bank by up to 20% after previous bids fell short, in an attempt to restart the privatisation of the lender.

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