Daily Quiz — 07 Apr 2026

1. Q1.Under the RBI's proposed restructuring of the Business Correspondent model, which body has been mandated to benchmark BC remuneration to an external indicator?

   Indian Banks' AssociationNational Payments Corporation of IndiaFinance Industry Development CouncilReserve Bank of India directly

2. Q2.What percentage of depositors of Shirpur Merchants' Co-operative Bank are expected to receive full repayment of their deposits through DICGC after its licence cancellation?

   99.7%95.3%98.1%100%

3. Q3.Under the Centre's State Capital Expenditure scheme, what is the total allocation specifically earmarked for hill states, and which state received the highest individual allocation?

   Rs 25,000 crore for hill states; Arunachal Pradesh with Rs 4,900 croreRs 20,000 crore for hill states; Himachal Pradesh with Rs 4,900 croreRs 25,000 crore for hill states; Uttarakhand with Rs 5,200 croreRs 30,000 crore for hill states; Arunachal Pradesh with Rs 3,500 crore

4. Q4.By how much will total FPI debt investment limits increase between FY26 and March 2027, as announced by the RBI for FY27?

   Approximately Rs 1.62 lakh croreApproximately Rs 2.50 lakh croreApproximately Rs 0.85 lakh croreApproximately Rs 3.10 lakh crore

5. Q5.For what specific regulatory violations was Dr. Panjabrao Deshmukh Urban Cooperative Bank, Amravati, penalised by the RBI?

   Breaching single-counterparty exposure limits on non-SLR investments and overcharging on NEFT transactionsExceeding priority sector lending targets and violating KYC normsBreaching CRR requirements and charging excess interest on loansViolating SLR maintenance norms and overcharging on RTGS transactions