Daily Quiz — 01 Jun 2026

1. Q1.According to Standard Chartered's India economics head, what is the primary driver for recommending an early RBI rate hike in June, despite April CPI printing below the 4% target?

   Rupee weakness and second-order inflation risks from currency depreciationRising fiscal deficit and government borrowing pressuresSurge in core inflation driven by services sector demandGlobal commodity price spike threatening import costs
   Explanation: Standard Chartered argues that persistent rupee weakness and second-order inflation risks from currency depreciation outweigh the comfort of benign April CPI data, justifying a 25-basis-point hike as early as June.

2. Q2.Since its launch in June 2020, how many loans has the PM-SVANidhi scheme disbursed and what is the total value of those disbursements?

   1.05 crore loans worth ₹17,800 crore85 lakh loans worth ₹12,500 crore1.20 crore loans worth ₹21,000 crore75 lakh loans worth ₹9,800 crore
   Explanation: The PM-SVANidhi scheme has disbursed 1.05 crore loans worth ₹17,800 crore since its launch in June 2020, providing collateral-free microcredit to street vendors.

3. Q3.What was Corporate India's net profit growth rate in Q4 FY26, and by how many basis points did operating margins contract during the same period?

   25.3% profit growth with 170 basis points margin contraction18.7% profit growth with 120 basis points margin contraction25.3% profit growth with 210 basis points margin contraction30.1% profit growth with 170 basis points margin contraction
   Explanation: Corporate India recorded its highest net profit growth in at least nine quarters at 25.3% year-on-year in Q4 FY26, but operating margins contracted 170 basis points to a 12-quarter low of 17.5% due to rising commodity costs.

4. Q4.What new services has Central Bank of India secured board approval to launch in H2 FY27 to grow its fee income?

   Wealth management and credit card servicesInvestment banking and mutual fund distributionHome loan and auto loan productsCustodial services and depository services
   Explanation: Central Bank of India has secured board approval to launch wealth management and credit card services in H2 FY27, alongside plans for cash management services for corporate clients by August.

5. Q5.Which company led electric two-wheeler registrations in May, and what was the overall year-on-year growth in E2W registrations during that month?

   TVS Motor led with 41,558 units; overall segment grew 58% year-on-yearBajaj Auto led with 41,558 units; overall segment grew 68% year-on-yearOla Electric led with 38,000 units; overall segment grew 58% year-on-yearTVS Motor led with 41,558 units; overall segment grew 45% year-on-year
   Explanation: TVS Motor led E2W registrations in May with 41,558 units, while the overall segment surged 58% year-on-year to 1,65,998 units — the segment's second-highest monthly total on record — driven by fuel price hikes of ₹7 per litre over two weeks.

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