Daily Quiz — 05 Jun 2026

1. Q1.What was the total FDI including reinvested earnings recorded by India in FY26, and which country remained the top source of FDI equity inflows?

   $94.5 billion; Singapore$94.5 billion; United States$81.5 billion; Singapore$94.5 billion; Mauritius
   Explanation: India's total FDI including reinvested earnings climbed 17% to $94.5 billion in FY26, with Singapore remaining the top source at $19.8 billion, even as US investment doubled.

2. Q2.According to the PwC audit of IndusInd Bank, by how much were profits and assets overstated as of March 31, 2024, and what was identified as the root cause?

   ₹1,817.58 crore; missing link between ALM desk and Trading Desk₹1,517.58 crore; unauthorised forex transactions by treasury staff₹1,817.58 crore; failure in the core banking system reconciliation process₹2,100 crore; lapses in cross-currency swap documentation
   Explanation: PwC found that manual accounting adjustments overstated profit and assets by ₹1,817.58 crore, caused by a missing direct link between the Asset Liability Management desk and the Trading Desk in treasury operations.

3. Q3.At what level did the RBI's Monetary Policy Committee hold the policy repo rate in its June 2026 meeting, and what was the voting outcome?

   5.25%; unanimous decision5.50%; unanimous decision5.25%; majority decision with two dissents5.00%; unanimous decision
   Explanation: The MPC unanimously held the policy repo rate at 5.25% in June 2026, maintaining a neutral stance while flagging global conflict risks and domestic economic resilience.

4. Q4.According to a Kantar survey on Indian consumer confidence, what percentage of consumers expected the economy to improve in 2026, and how did this compare to January of the same year?

   48%, down from 60% in January52%, down from 65% in January48%, down from 55% in January42%, down from 60% in January
   Explanation: The Kantar survey of 1,684 consumers showed only 48% expected economic improvement in 2026, a sharp drop from 60% in January, reflecting rising job-loss fears and financial stress.

5. Q5.Regarding the MFI Credit Guarantee Scheme, what proportion of the bond maturity profile have foreign investors been preferring, and by how many basis points did the five-year yield rise during March–May?

   Over two-thirds in sub-five-year maturities; 55 basis points riseOver half in sub-five-year maturities; 55 basis points riseOver two-thirds in sub-five-year maturities; 35 basis points riseOver two-thirds in above-ten-year maturities; 55 basis points rise
   Explanation: Foreign investors shifted to sub-five-year maturities, which accounted for over two-thirds of top foreign bond purchases in March–May, while the five-year yield rose 55 basis points, compressing the spread with the 10-year bond to an eight-month low of 15 basis points.

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