Daily Quiz — 19 Jun 2026

1. Q1.For how many consecutive years has the EPFO maintained its interest rate at 8.25%?

   Third consecutive yearSecond consecutive yearFourth consecutive yearFirst year only
   Explanation: The article explicitly states that the finance ministry ratified the EPFO's 8.25% interest rate for FY2025-26, marking the third consecutive year at this level.

2. Q2.What is the combined loan amount India is seeking from the World Bank and Asian Development Bank for infrastructure financing?

   $2.5 billion$2.0 billion$3.5 billion$8-10 billion
   Explanation: The article states India is in discussions for $1.5 billion from the World Bank and $1 billion from the ADB, totaling $2.5 billion in multilateral infrastructure financing.

3. Q3.What was the primary reason the RBI imposed a penalty of ₹20,000 on Sarvodaya Commercial Co-operative Bank, Mehsana?

   Non-compliance with RBI directions on inoperative accounts and unclaimed depositsFailure to maintain capital adequacy ratiosUnauthorized lending to related partiesMisreporting of deposit insurance coverage
   Explanation: The article specifies that the RBI penalty was imposed for non-compliance with RBI directions on inoperative accounts and unclaimed deposits following a statutory inspection.

4. Q4.At what weighted average acquisition cost per share is New India Assurance Company (NIACL) divesting shares through its proposed IPO?

   ₹0.32 per share₹3.20 per share₹32 per share₹320 per share
   Explanation: The article states that NIACL will divest up to 1.05 crore shares through the offer for sale at a weighted average acquisition cost of just ₹0.32 per share, highlighting the extremely low acquisition base.

5. Q5.By what percentage did the RBI's balance sheet expand year-on-year in FY26, and how does this compare to developed-market central banks?

   20.6% expansion, contrasting with contractions at major developed-market central banks15.3% expansion, matching trends in developed markets25.8% contraction, aligned with global central bank patterns10.2% expansion, slower than developed-market central banks
   Explanation: The article states the RBI balance sheet expanded 20.6% YoY in FY26, the fastest pace in six years, contrasting sharply with balance sheet contractions at major developed-market central banks, indicating divergent monetary policy stances.

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