Daily Quiz — 13 Jul 2026

1. Q1.According to the RBI's initiative on education savings products, what key regulatory challenge must be addressed before banks can offer these products?

   New regulations must be created as no such purpose-linked preferential product currently exists in the banking systemBanks must obtain separate licenses for offering education-specific productsThe RBI has mandated that only public sector banks can offer these productsEducation savings accounts must be tied to government scholarship schemes
   Explanation: The article explicitly states that no such purpose-linked preferential product currently exists in the banking system, and new regulations will be required to enable banks to offer education savings products with preferential interest rates tied to education end-use.

2. Q2.As per NaBFID's MD & CEO, what is the single largest infrastructure opportunity requiring investment over the next 20 years in India?

   Urban infrastructureRural connectivity and agricultural infrastructureEnergy and renewable power generationTransportation and logistics networks
   Explanation: Rajkiran Rai of NaBFID identified urban infrastructure as the single largest opportunity, requiring ₹370 lakh crore out of the total ₹770 lakh crore infrastructure investment needed over the next 20 years.

3. Q3.Which of the following best describes the technological shift in the ATM modernisation initiative undertaken by public sector banks?

   ATMs are being upgraded to biometric authentication systemsCash recycler machines that both dispense and accept cash are replacing traditional ATMs to cut replenishment costsAll ATMs are being converted to cryptocurrency transaction pointsATM networks are being consolidated into regional distribution hubs
   Explanation: The article states that over 15,000 ATM units (77% from public sector banks) are being replaced with cash recycler machines that both dispense and accept cash, reducing replenishment costs and improving uptime—a shift from traditional dispensing-only ATMs.

4. Q4.Following India's increase in the FDI limit for insurance to 100%, what is Sompo Insurance's current stake in Universal Sompo General Insurance, and what is its strategic intention?

   Sompo holds 50% stake and plans a full acquisitionSompo holds 34.61% stake and is evaluating opportunities to expand its role furtherSompo holds 100% stake and is divesting non-core businessesSompo holds 25% stake and plans joint venture partnerships
   Explanation: The article states that Sompo holds a 34.61% stake in Universal Sompo General Insurance and is signalling deeper ambitions in India, evaluating opportunities to expand its role further following the FDI limit increase to 100%.

5. Q5.In the Pricol demerger, what distinguishes this transaction from typical demerger structures?

   The slower-growing, lower-margin business is being separated, following the typical playbookThe faster-growing, higher-margin business is the larger unit being separated, departing from typical demerger structuresThe demerger involves three separate entities instead of the standard two-way splitThe parent company retains majority control of both separated entities post-demerger
   Explanation: Unlike typical demerger playbooks where the slower-growing, lower-margin business is separated, Pricol's faster-growing, higher-margin business (Driver Information & Connected Vehicle Solutions) is the larger of the two units being separated into a new listed entity.

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