Daily Quiz — 23 Jun 2026

1. Q1.According to RBI Governor Sanjay Malhotra's address at the MSME awareness programme in Kochi, which of the following RBI tools did he specifically urge entrepreneurs to leverage?

   Trade Receivables Discounting System and Account Aggregator frameworkPriority Sector Lending and Collateral-Free Loans onlyCredit Guarantee Trust Fund and Government Subsidy SchemesStand-Up India Scheme and Mudra Loans exclusively
   Explanation: The RBI Governor specifically mentioned the Trade Receivables Discounting System and the Account Aggregator framework as tools for MSME entrepreneurs to utilize for growth and credit access.

2. Q2.What was the primary reason cited by Piramal Group Chief Economist Debopam Chaudhuri for the RBI being unlikely to raise its policy repo rate in the near term?

   Falling crude oil prices and reduced energy-risk pressuresRising unemployment and weak industrial productionStrong rupee appreciation and deflationary pressuresGovernment budget deficits and fiscal constraints
   Explanation: Chaudhuri cited falling crude oil prices and reduced energy-risk pressures as the primary reasons constraining the RBI from raising the repo rate, suggesting inflationary pressures from energy have eased.

3. Q3.According to the RBI's latest monthly bulletin cited in the article on commercial credit flows, what was the total financial resource flow to India's commercial sector in the first two months of FY27?

   ₹2.82 lakh crore₹1.95 lakh crore₹3.50 lakh crore₹1.40 lakh crore
   Explanation: The RBI's monthly bulletin reported that total financial resource flows to India's commercial sector surged to ₹2.82 lakh crore in the first two months of FY27, approximately eight times the year-ago level.

4. Q4.In April, the RBI sold a net amount of foreign exchange to defend the rupee as it plunged to a record low. What was the net amount sold, and what was the rupee's record low level?

   $8.94 billion, with rupee at 96.96 per dollar$7.50 billion, with rupee at 95.50 per dollar$10.2 billion, with rupee at 97.50 per dollar$6.75 billion, with rupee at 96.00 per dollar
   Explanation: The RBI sold a net $8.94 billion in foreign exchange in April to defend the rupee, which had fallen to a record low of 96.96 per dollar amid the US-Iran war tensions.

5. Q5.What is the key feature of SEBI's GARUDA green-channel mechanism for Alternative Investment Funds that distinguishes it from the previous registration model?

   Fast-track, disclosure-based registration replacing pre-clearance requirementsMandatory three-year lock-in period for all investorsEnhanced regulatory oversight and quarterly compliance auditsRestricted fund size cap of ₹500 crore per AIF
   Explanation: GARUDA replaces pre-clearance requirements with a fast-track, disclosure-based registration model designed to cut fundraising timelines and reduce the cost of setting up investment vehicles.

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