Daily Quiz — 30 Jun 2026

1. Q1.According to the NPCI pilot initiative, how does the real-time AI fraud interception network compress fraud detection timelines?

   Banks transmit risk scores to NPCI, which aggregates signals across the payments ecosystemNPCI centralizes all bank transaction data to run a single unified AI modelEach bank independently detects fraud without sharing data with other institutionsManual verification by NPCI officials is eliminated entirely from the process
   Explanation: The article states that each bank runs the AI model locally on its own data and transmits risk scores to NPCI, which aggregates signals across the entire payments ecosystem to compress fraud detection from hours to near-instant. This federated approach enables faster detection by leveraging collective ecosystem intelligence.

2. Q2.What is the key methodological change introduced in India's latest Index of Industrial Production release for May 2026?

   The Output Producer Price Index replaced the Wholesale Price Index as the deflatorManufacturing sector weight in IIP was reduced from 40% to 25%The base year for IIP calculation was changed from 2011-12 to 2015-16Electricity and gas supply component was excluded from the index
   Explanation: The article explicitly states that the latest IIP release marks a methodological shift, replacing the Wholesale Price Index with the Output Producer Price Index as the deflator, aligning with international best practices.

3. Q3.Under the NCLT's ruling in the KSK Mahanadi Power insolvency case, what happens to creditor claims that exceed the scope of an approved resolution plan?

   An approved resolution plan extinguishes all claims beyond its scopeCreditors can revive contractual rights against corporate guarantors post-approvalClaims must be settled through escrow fund releases determined by the tribunalCreditors retain the right to pursue separate settlement agreements indefinitely
   Explanation: The NCLT affirmed that an approved resolution plan extinguishes all creditor claims beyond its scope. In this case, JM Financial's plea to recover additional funds was dismissed because the creditor had already recovered more than its admitted dues, and contractual rights against the corporate guarantor could not be revived after plan approval.

4. Q4.According to Moody's assessment, by how much could India's fiscal deficit widen in FY27 without threatening its investment-grade rating?

   Up to 50 basis points, bringing the deficit to 4.8% of GDPUp to 100 basis points, bringing the deficit to 5.3% of GDPUp to 30 basis points, bringing the deficit to 4.6% of GDPUp to 75 basis points, bringing the deficit to 5.0% of GDP
   Explanation: Moody's stated that India can absorb a potential fiscal deficit widening of up to 50 basis points to 4.8% of GDP in FY27 without threatening its Baa3 investment-grade rating, crediting steady post-pandemic fiscal consolidation.

5. Q5.What is the total cumulative investment that Eleven Group has made in its financial services business over four years, as mentioned in the article?

   ₹470 crore₹216 crore₹686 crore₹10,000 crore
   Explanation: The article explicitly states that Eleven Group has infused ₹216 crore most recently and that the total investment over four years across primary and secondary transactions is ₹470 crore.

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