Daily Quiz — 18 Jun 2026

1. Q1.In its fifth stressed-asset exit, how much upside did NARCL deliver to lender banks on the Agson Global recovery?

   ₹200 crore₹215 crore₹360 crore₹575 crore
   Explanation: The article explicitly states that NARCL recovered ₹575 crore against an acquisition cost of ₹360 crore, delivering an additional ₹200 crore upside to lender banks after fully redeeming security receipts.

2. Q2.Which Indian government measure is being expanded as part of the farm credit shield against El Niño?

   Pradhan Mantri Fasal Bima Yojana onlyKisan Credit Card schemeAgricultural Export Promotion CouncilFarmer Producer Organization Fund
   Explanation: The article specifically mentions that the Kisan Credit Card scheme is being expanded as one of the key measures to strengthen agricultural credit access in response to El Niño threats.

3. Q3.According to Axis Bank officials, what is identified as the primary source of fraud at the bank rather than core cybersecurity infrastructure weaknesses?

   Inadequate encryption protocolsCustomer-side social engineeringLegacy system vulnerabilitiesThird-party API exploitation
   Explanation: The article states that Axis Bank clarified most fraud stems from customer-side social engineering rather than weaknesses in its core cybersecurity infrastructure, despite market attention on AI vulnerability detection tools.

4. Q4.On June 18, what was the primary external factor that caused the Indian rupee to snap its four-day winning streak?

   Rising crude oil pricesUS Federal Reserve signalling possible rate hikeLower foreign institutional investor inflowsNegative trade balance announcement
   Explanation: The article states that the rupee weakened 13 paise to 94.66 after the US Federal Reserve signalled a possible rate hike later in the year, demonstrating the impact of Fed hawkishness on emerging market currencies.

5. Q5.Under the UK-India Free Trade Agreement effective July 15, what is the projected annual long-term boost to UK GDP?

   £2.5 billion annually£4.8 billion annually£25.5 billion annually£480 million annually
   Explanation: The article specifies that the UK-India FTA is projected to boost UK GDP by £4.8 billion annually over the long run, with tariff cuts saving $480 million in the first year and projected bilateral trade increase of £25.5 billion.

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