Daily Quiz — 06 Jun 2026

1. Q1.According to the RBI Governor's recent statement, what is the medium-term inflation target that the RBI is committed to maintaining?

   4%5.1%3.5%6%
   Explanation: RBI Governor Sanjay Malhotra firmly defended the central bank's 4% medium-term inflation target and raised the FY27 consumer inflation forecast to 5.1%, signalling that future rate action depends on inflation persistence.

2. Q2.What has been the change in India's export earnings repatriation timeline, and what is the new required timeframe?

   Extended from 9 months to 15 monthsReduced from 15 months to 9 monthsReduced from 12 months to 6 monthsExtended from 6 months to 12 months
   Explanation: India has tightened the export earnings repatriation timeline from 15 months to 9 months, compelling exporters to bring foreign exchange back to the country sooner to accelerate forex inflows and support the rupee.

3. Q3.India's forex reserves as of May 29, 2026 stood at approximately how much, and what percentage of external debt did this cover?

   $682.3 billion covering 85% of external debt$682.3 billion covering 89.1% of external debt$750 billion covering 92% of external debt$600 billion covering 80% of external debt
   Explanation: According to RBI Governor Malhotra, India's foreign exchange reserves stood at $682.3 billion as of May 29, 2026, covering approximately 11 months of imports and 89.1% of external debt, which he described as adequate.

4. Q4.Which RBI Deputy Governor has been granted a two-year extension effective June 26, 2026, following his initial three-year term?

   Swaminathan JanakiramanShirish Chandra MurmuRohit JainPoonam Gupta
   Explanation: The government has granted a two-year extension to RBI Deputy Governor Swaminathan Janakiraman, who oversees regulation, effective June 26, 2026, following his initial three-year term that began in June 2023.

5. Q5.What tax exemption has India provided to foreign portfolio investors regarding government securities, and what could this potentially facilitate?

   10% LTCG tax exemption, potentially facilitating IMF membership12.5% LTCG tax exemption, potentially facilitating Bloomberg Global Bond Index inclusion15% LTCG tax exemption, potentially facilitating MSCI Index inclusion20% LTCG tax exemption, potentially facilitating World Bank support
   Explanation: India has exempted foreign portfolio investors from the 12.5% long-term capital gains tax on government securities, aligning domestic rules with other emerging markets and potentially paving the way for Bloomberg Global Bond Index inclusion, though experts note structural shifts will drive inflows over time.

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