Daily Quiz — 03 Jun 2026

1. Q1.According to Bank of Baroda's projections, what level is India's retail inflation expected to reach in FY27, and what was the April 2026 year-on-year retail inflation figure?

   5% in FY27, up from 3.48% in April 20264.5% in FY27, up from 4.2% in April 20265.5% in FY27, up from 3.48% in April 20265% in FY27, up from 4.8% in April 2026
   Explanation: Bank of Baroda projects retail inflation will rise to 5% in FY27, up from 3.48% year-on-year recorded in April 2026, driven by higher food and energy prices.

2. Q2.What is the deal value and stake percentage involved in Mitsubishi UFJ Financial Group's acquisition in Shriram Finance, and what AUM growth does Motilal Oswal forecast as a result?

   $4.4 billion for a 20% stake; AUM growth of 18–20%$4.4 billion for a 25% stake; AUM growth of 15–18%$3.8 billion for a 20% stake; AUM growth of 18–20%$4.4 billion for a 15% stake; AUM growth of 20–22%
   Explanation: MUFG acquired a 20% stake in Shriram Finance for $4.4 billion. Motilal Oswal expects this to support AUM growth acceleration to 18–20% over the medium term, driven by lower funding costs and rural expansion.

3. Q3.Under India's new Producer Price Index framework, how many commodity items will be covered, and which new sector will be included in inflation tracking for the first time?

   957 items, with services including banking, insurance and telecom added857 items, with manufacturing and construction services added957 items, with only agriculture and manufacturing covered1,050 items, with financial services and logistics added
   Explanation: The revamped PPI framework expands commodity coverage to 957 items and extends inflation tracking to services such as banking, insurance, and telecom, aligning India with global statistical standards.

4. Q4.What maximum stake in Equitas Small Finance Bank has the RBI approved for Mirae Asset Mutual Fund to acquire, and for how long is this approval valid?

   Up to 9.5%, valid for one yearUp to 10%, valid for two yearsUp to 9.5%, valid for six monthsUp to 7.5%, valid for one year
   Explanation: The RBI approved Mirae Asset Mutual Fund to acquire up to 9.5% of Equitas Small Finance Bank's paid-up share capital or voting rights, with the approval valid for one year.

5. Q5.What key measures have banks urged the government to implement in order to address fraud and bad loans in self-help group lending?

   Create a central registry and integrate unique reference numbers into core banking systemsIntroduce mandatory collateral requirements and cap SHG loan amountsLink SHG loans to Aadhaar biometrics and limit borrowing to rural areas onlyTransfer SHG lending oversight to NABARD and introduce a credit guarantee scheme
   Explanation: Banks flagged that SHG members are borrowing across multiple groups and diverting funds to consumption. Lenders urged creation of a central registry and integration of unique reference numbers into core banking systems for real-time verification.

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