Daily Quiz — 14 Jul 2026

1. Q1.Under the India-UK Comprehensive Economic and Trade Agreement (CETA), what is the primary requirement for UK exporters to claim preferential tariffs following CBIC's digitisation initiative?

   Email origin declarations to CBIC and Indian importers to obtain a URN for reduced dutiesSubmit paper certificates of origin directly to the Indian customs authorityRegister with the UK government and receive automatic tariff exemptionsPay a digital verification fee to CBIC before claiming any preferential tariffs
   Explanation: The article states that UK exporters must email origin declarations to both CBIC and Indian importers, which triggers a Unique Reference Number (URN) required to access reduced duties under the new digital self-certification system.

2. Q2.According to YES Securities' analysis, what is Indian Bank's net interest margin in Q1 FY27?

   3.29%3.15%3.45%3.65%
   Explanation: The article explicitly states that YES Securities cited a stable net interest margin of 3.29% for Indian Bank in Q1 FY27 as a key reason for maintaining a Buy rating.

3. Q3.In FY26, who was HDFC Bank's highest-paid executive, and what was their total compensation package?

   Kaizad Bharucha at ₹17.14 croreSashidhar Jagdishan at ₹15.13 croreKaizad Bharucha at ₹15.13 croreSashidhar Jagdishan at ₹17.14 crore
   Explanation: The article clearly states that Deputy Managing Director Kaizad Bharucha was the highest-paid executive at ₹17.14 crore, surpassing MD & CEO Sashidhar Jagdishan's ₹15.13 crore.

4. Q4.According to the Digital Threat Report 2025-26, what is identified as the foremost cyber risk confronting India's banking and financial services ecosystem?

   AI asymmetry in offensive capabilities versus defensive systemsInadequate regulatory oversight by SEBI and RBIInsufficient encryption standards in payment systemsHigh staff turnover in bank IT departments
   Explanation: The article states that the report flags 'AI asymmetry' as the foremost cyber risk, referring to how artificial intelligence enables cybercriminals to launch sophisticated attacks at 'machine speed', outpacing banking sector defences.

5. Q5.At what price per unit were anchor shares allocated for SBI Funds Management's IPO, and what was the resulting valuation of the asset manager?

   ₹574 per unit, valuing the company at up to ₹1.17 trillion₹550 per unit, valuing the company at up to ₹1.10 trillion₹600 per unit, valuing the company at up to ₹1.25 trillion₹574 per unit, valuing the company at up to ₹1.05 trillion
   Explanation: The article specifies that shares were allocated to anchor investors at ₹574 apiece (the top of the price band), valuing SBI Funds Management at up to ₹1.17 trillion.

You didn't attempt this quiz.