Daily Quiz — 11 Jun 2026

1. Q1.By what amount has the Finance Ministry raised the maximum loan cap for large NBFC-Microfinance Institutions under CGSMFI-2.0?

   ₹700 crore₹500 crore₹1,000 crore₹300 crore
   Explanation: The article clearly states the maximum loan cap for large NBFC-MFIs has been raised from ₹300 crore to ₹1,000 crore, representing an increase of ₹700 crore.

2. Q2.According to the BioCatch survey, what percentage of Indian banking and financial crime leaders reported a surge in fraud attempts over the past year?

   90 per cent81 per cent75 per cent95 per cent
   Explanation: The BioCatch survey of 100 Indian banking and financial crime leaders found that 90 per cent reported a surge in fraud attempts, which is well above the global average of 81 per cent.

3. Q3.What is the record FDI inflow figure that India attracted in FY26, and what percentage entered through the automatic route?

   $94.53 billion with over 90 per cent through automatic route$85 billion with 85 per cent through automatic route$100 billion with 80 per cent through automatic route$90 billion with 95 per cent through automatic route
   Explanation: According to the DPIIT official statement, India attracted a record $94.53 billion in FDI in 2025-26, with over 90 per cent of equity inflows entering through the automatic route.

4. Q4.What key regulatory framework has the RBI revived by inviting public comments on revised draft directions to replace the Current Exposure Method?

   Standardised Approach for Counterparty Credit Risk (SA-CCR)Internal Model Approach (IMA) for derivativesBilateral Netting FrameworkBasel III Capital Adequacy Ratio
   Explanation: The RBI has revived the Standardised Approach for Counterparty Credit Risk (SA-CCR) framework for derivative exposures, replacing the Current Exposure Method and incorporating the 2024 margining framework and Basel Committee guidance.

5. Q5.To what record level did the RBI ramp its net-short dollar position to defend the rupee, and what was the rupee's approximate low point that triggered this intervention?

   $110–115 billion at 97 per dollar$100–105 billion at 96 per dollar$120–125 billion at 98 per dollar$95–100 billion at 95 per dollar
   Explanation: The RBI ramped its net-short dollar position to a record $110–115 billion to defend the rupee after it neared an all-time low of 97 per dollar on May 20, demonstrating significant intervention intensity.

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