India's Q4 2025-26 BoP surplus and remittances

1. Question 1Answer A

   The January-March 2026 current account surplus of $7.1 billion was what share of GDP?

   • ACorrect answer: 0.7%
   • B0.6%
   • C1.7%
   • D2.1%

   Core Trigger: On 8 June 2026 the RBI reported a January-March 2026 current account surplus of $7.1 billion, 0.7% of GDP.From Book 1 RATNA, topic 176, point 1

2. Question 2Answer B

   The overall BoP surplus came despite FPI outflows of how much?

   • A$2 billion
   • BCorrect answer: $12 billion
   • C$22 billion
   • D$7 billion

   Overall Position: The overall balance of payments surplus was about $7.22 billion despite $12 billion of FPI outflows.From Book 1 RATNA, topic 176, point 2

3. Question 3Answer C

   Which body compiles and releases India's quarterly BoP data?

   • AMoSPI
   • BMinistry of Commerce
   • CCorrect answer: Reserve Bank of India
   • DDGCIS

   Current Head: Sanjay Malhotra is RBI Governor; the RBI compiles and releases India's quarterly BoP data.From Book 1 RATNA, topic 176, point 3

4. Question 4Answer A

   Quarterly remittances of $31.07 billion were the most in how many years?

   • ACorrect answer: 13
   • B5
   • C20
   • D10

   Remittances: Workers' remittances were $31.07 billion in the quarter, the most in 13 years and up 34%.From Book 1 RATNA, topic 176, point 4

5. Question 5Answer A

   Consider: 1. Remittances hit a record $110.47 billion in 2025-26. 2. The current account ran a $25.2 billion surplus that year. Which is/are correct?

   • ACorrect answer: Only 1
   • BOnly 2
   • CBoth 1 and 2
   • DNeither

   Full Year: Remittances hit a record $110.47 billion in 2025-26, yet the current account ran a $25.2 billion deficit, 0.6% of GDP.From Book 1 RATNA, topic 176, point 5

6. Question 6Answer B

   Gold imports cost $71.97 billion in 2025-26 against about how much before?

   • A$45 billion
   • BCorrect answer: $58 billion
   • C$66 billion
   • D$79 billion

   Other Flows: Gold imports cost $71.97 billion in 2025-26, against $58 billion; net FDI in the quarter was $4.2 billion.From Book 1 RATNA, topic 176, point 6

7. Question 7Answer D

   In which year did the RBI Central Office shift permanently to Mumbai?

   • A1935
   • B1949
   • C1947
   • DCorrect answer: 1937

   Headquarters: The RBI Central Office first sat in Kolkata and moved permanently to Mumbai in 1937.From Book 1 RATNA, topic 176, point 8

8. Question 8Answer C

   The RBI was established on 1 April of which year under the 1934 Act?

   • A1937
   • B1947
   • CCorrect answer: 1935
   • D1949

   Founded: The RBI was established on 1 April 1935 and nationalised in 1949.From Book 1 RATNA, topic 176, point 9

9. Question 9Answer B

   In 2024 the World Bank estimated India's remittances at about how much?

   • A$99 billion
   • BCorrect answer: $129 billion
   • C$150 billion
   • D$79 billion

   Benchmark: The World Bank estimated India as the top remittance recipient in 2024, at about $129 billion.From Book 1 RATNA, topic 176, point 10

10. Question 10Answer B

    Consider: 1. Remittances are recorded in the capital account. 2. Invisibles are services, income and transfers. Which is/are correct?

    • AOnly 1
    • BCorrect answer: Only 2
    • CBoth 1 and 2
    • DNeither

    Statute: The RBI Act, 1934 governs the RBI; remittances are recorded in the secondary income account of the current account.From Book 1 RATNA, topic 176, point 11

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