Daily Quiz — 09 Jun 2026

1. Q1.According to the RBI's Urban Consumer Confidence Survey mentioned in the articles, what was the Current Situation Index reading in May, and how many consecutive rounds has it declined?

   90.7 in May, third consecutive round95.7 in May, second consecutive round85.2 in May, fourth consecutive round92.1 in May, third consecutive round
   Explanation: The article explicitly states that the Current Situation Index fell to 90.7 in May from 95.7 in March, marking the third consecutive round of decline, reflecting deepening household pessimism about economic conditions.

2. Q2.What is the primary objective of the discussions between India's finance and education ministries regarding the Credit Guarantee Fund Scheme for Education Loans (CGFSEL)?

   To raise the guarantee cover above 75% and encourage greater lending to education sectorTo reduce the guarantee cover to 50% and streamline loan processingTo eliminate all education loans and replace them with government grantsTo introduce mandatory co-applicants for all education loans
   Explanation: The article states that the ministries aim to raise the credit guarantee cover beyond the current 75% to encourage banks to lend more freely to the education sector, with additional proposals including removing co-applicant requirements.

3. Q3.According to the RBI's recent monetary policy decision, what stance was maintained along with the repo rate of 5.25%, and what key concern prevented rate hikes despite external pressures?

   Neutral stance; risk of adverse market signals from any increaseHawkish stance; concerns about currency depreciationAccommodative stance; need to boost credit growthTightening stance; inflation concerns were paramount
   Explanation: The RBI held the repo rate at 5.25% with a neutral stance, and according to expert analysis in the article, avoided rate hikes because any increase risked sending adverse market signals despite West Asia crisis pressures.

4. Q4.What recent regulatory change did the RBI implement regarding banks' net open positions in the onshore deliverable forex market, and what exemption was subsequently granted?

   Capped at $100 million per business day; exempted swap transactions from hedging requirementsCapped at $50 million per business day; mandated all swaps be fully hedgedIncreased limits to $200 million per business day; prohibited all foreign swapsCapped at $100 million per business day; required all banks to maintain 100% hedge ratios
   Explanation: The RBI capped banks' net open positions at $100 million per business day in March to limit speculative currency trading, and subsequently exempted bank swap transactions from the net unhedged foreign exchange exposure norm to ease fundraising.

5. Q5.According to the article on Dhan's financial performance, what percentage of the broking platform's revenue is derived from Futures and Options trading, and how did this impact net profit in FY26?

   70% from F&O; net profit fell 20% to ₹326 crore50% from F&O; net profit rose 15% to ₹410 crore85% from F&O; net profit fell 30% to ₹280 crore60% from F&O; net profit remained flat at ₹408 crore
   Explanation: The article states that Dhan derives roughly 70% of its revenue from F&O trading, and SEBI's clampdown on F&O, combined with rising expansion costs, caused net profit to fall 20% to ₹326 crore despite operating revenue exceeding ₹1,000 crore.

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