Daily Quiz — 01 Jul 2026

1. Q1.According to RBI projections, what is the expected gross non-performing asset ratio for Indian banks by FY28?

   1.9%2.3%1.5%2.8%
   Explanation: The article explicitly states that the RBI projects India's gross NPA ratio will edge up modestly to 1.9% by FY28, indicating controlled asset quality deterioration.

2. Q2.What was the approximate value of UPI transactions processed in June 2026?

   Rs 28.92 lakh croreRs 22.72 lakh croreRs 31.45 lakh croreRs 25.68 lakh crore
   Explanation: The article clearly states that UPI processed 22.72 billion transactions worth Rs 28.92 lakh crore in June 2026.

3. Q3.Which sector held the largest share of India's external debt as of end-March 2026?

   Non-financial corporationsGeneral governmentFinancial corporationsBanking sector
   Explanation: The article states that non-financial corporations held the largest share at 36.4% of total external debt, according to RBI data, as India's external debt climbed to $762.8 billion.

4. Q4.What is the cash consideration amount for Kotak Mahindra Bank's acquisition of Deutsche Bank's retail franchise in India?

   Rs 280 crore plus closing net assetsRs 350 croreRs 450 crore plus closing net assetsRs 200 crore
   Explanation: The article specifies that Kotak Mahindra Bank has signed a definitive agreement to acquire Deutsche Bank's retail, private banking, and wealth management businesses for Rs 280 crore plus closing net assets.

5. Q5.What key shift is IRDAI Chairman Ajay Seth advocating for in how the insurance industry measures progress?

   Prioritizing unique lives covered over premium-to-GDP penetrationFocusing exclusively on premium growth ratesMeasuring success by international market expansionEmphasizing digital transaction volumes only
   Explanation: The article states that Seth called for a shift in how the industry measures progress, prioritizing unique lives covered over the conventional premium-to-GDP penetration metric, reflecting a focus on inclusive insurance coverage.

You didn't attempt this quiz.