Daily Quiz — 21 May 2026

1. Q1.Under RBI's proposed draft framework for device-linked loan recovery, after how many days past due can lenders begin restricting mobile phone functionalities for defaulting borrowers?

   90 days past due30 days past due60 days past due120 days past due
   Explanation: The RBI's draft framework specifies that lenders may only restrict mobile phone functionalities after 90 days past due and after issuing multiple notices to the borrower.

2. Q2.According to the article on IRDAI's proposed investment ceiling revision, what combined cap is being considered for insurer investments in REITs and InvITs, and approximately what yield did the NHAI-backed Raajmarg InvIT offer?

   Combined 6% ceiling; Raajmarg InvIT offered ~12% yieldCombined 5% ceiling; Raajmarg InvIT offered ~10% yieldCombined 6% ceiling; Raajmarg InvIT offered ~8% yieldCombined 8% ceiling; Raajmarg InvIT offered ~12% yield
   Explanation: IRDAI is examining merging the separate 3% caps on REITs and InvITs into a combined 6% ceiling. The Raajmarg InvIT offered yields close to 12% against a benchmark bond yield of 6.95%, driving insurer interest.

3. Q3.Despite more than two decades of policy intervention through sovereign credit guarantee schemes, what percentage of Indian MSMEs access formal credit, and what is the estimated MSME credit gap?

   14% of MSMEs; credit gap of ₹20–25 lakh crore25% of MSMEs; credit gap of ₹15–20 lakh crore14% of MSMEs; credit gap of ₹10–15 lakh crore20% of MSMEs; credit gap of ₹20–25 lakh crore
   Explanation: The article states that only 14% of MSMEs access formal credit even after successive guarantee schemes, and India's MSME credit gap remains stubbornly at ₹20–25 lakh crore.

4. Q4.What was the monthly transaction volume of the BHIM Payments App in March 2026, and what was the top merchant payment category by share in FY26?

   21.6 crore transactions; Groceries at 22.5%18.4 crore transactions; Groceries at 22.5%21.6 crore transactions; Utilities at 22.5%25.0 crore transactions; Groceries at 18.0%
   Explanation: According to the article, BHIM App's monthly transactions rose to 21.6 crore in March 2026 from 5.93 crore in April 2025, representing a 300% surge. Groceries dominated merchant payments at 22.5%.

5. Q5.According to the article on promoter shareholding trends, what level did private promoter shareholding fall to in 2025, and what was the total value of promoter selling that year?

   40.58% shareholding; ₹1.5 lakh crore in promoter selling42.10% shareholding; ₹1.5 lakh crore in promoter selling40.58% shareholding; ₹1.2 lakh crore in promoter selling38.75% shareholding; ₹1.5 lakh crore in promoter selling
   Explanation: The article reports that Indian promoter selling hit a record ₹1.5 lakh crore in 2025, pushing private promoter shareholding to an eight-year low of 40.58%, even as select promoters like Godrej Properties made direct market purchases.

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