Daily Quiz — 30 May 2026

1. Q1.According to RBI's FY26 annual report, by how many basis points did weighted average lending rates on fresh rupee loans fall, against a cumulative 100-bps repo rate cut?

   95 basis points75 basis points100 basis points85 basis points
   Explanation: The RBI's FY26 annual report confirmed that weighted average lending rates on fresh rupee loans fell 95 basis points following the cumulative 100-bps repo rate cut, indicating near-complete monetary policy transmission.

2. Q2.As per RBI's FY26 annual report, what was the year-on-year growth in import settlement denominated in Indian Rupees?

   41.2%28.5%35.7%52.0%
   Explanation: The RBI's FY26 annual report reported that import settlement in INR surged 41.2% year-on-year to ₹1.60 lakh crore, reflecting the growing role of the Rupee in international trade settlement.

3. Q3.According to an HDFC Research report, by approximately how many percentage points does each 1% shortfall in monsoon rainfall reduce crop Gross Value Added (GVA) growth?

   0.4 percentage points0.8 percentage points0.2 percentage points1.0 percentage points
   Explanation: The HDFC Research report stated that each percentage point of rainfall shortfall reduces crop GVA growth by approximately 0.4 percentage points, highlighting the agricultural sensitivity to monsoon variability.

4. Q4.In FY26, counterfeit Rs 500 notes accounted for what percentage of all fake currency detected in India's banking system, and what share was intercepted by commercial banks?

   61.8% of fakes; 97.6% intercepted by commercial banks55.4% of fakes; 92.3% intercepted by commercial banks61.8% of fakes; 85.0% intercepted by commercial banks70.2% of fakes; 97.6% intercepted by commercial banks
   Explanation: Counterfeit Rs 500 notes comprised 61.8% of all fake currency detected in India's banking system in FY26, with commercial banks intercepting 97.6% of all counterfeits, reflecting strong frontline detection capabilities.

5. Q5.What was the net value of Indian equities sold by Foreign Portfolio Investors (FPIs) on May 29 during the MSCI quarterly rebalancing, and what was the single-day net buying by Domestic Institutional Investors (DIIs)?

   FPI sell: Rs 21,106 crore; DII buy: Rs 16,764 croreFPI sell: Rs 16,764 crore; DII buy: Rs 21,106 croreFPI sell: Rs 18,500 crore; DII buy: Rs 14,200 croreFPI sell: Rs 21,106 crore; DII buy: Rs 12,340 crore
   Explanation: FPIs recorded a record single-day net sell-off of Rs 21,106 crore on May 29 due to MSCI rebalancing, while DIIs provided partial support with their highest single-day net buying in two months at Rs 16,764 crore.

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