Daily Quiz — 20 Jul 2026

1. Q1.According to the article on JPC scrutiny, what is the current CSR applicability threshold that the Joint Parliamentary Committee is considering raising, and to what level do many MPs favour increasing it?

   From ₹5 crore to ₹10 croreFrom ₹3 crore to ₹8 croreFrom ₹10 crore to ₹15 croreFrom ₹2 crore to ₹7 crore
   Explanation: The article directly states that the JPC is deliberating on raising the CSR applicability threshold from ₹5 crore to ₹10 crore in annual net profit, with many MPs supporting this change to simplify compliance for mid-bracket firms.

2. Q2.On July 20, 2026, the Indian rupee weakened against the US dollar. What was the opening rate mentioned in the article, and what external factor was cited as the primary driver?

   96.41, driven by US-Iran tensions raising oil prices95.28, driven by RBI rate hikes97.15, driven by capital outflows96.00, driven by global recession fears
   Explanation: The article states the rupee opened 13 paise weaker at 96.41 against the USD, driven primarily by rising oil prices due to US-Iran tensions pushing Brent crude above $90 per barrel, which increased dollar demand.

3. Q3.What percentage of Laxmi India Finance's FY26 borrowers were identified as first-time credit users, according to Ace investor Mukul Agarwal's recent stake increase in the NBFC?

   37%42%29%51%
   Explanation: The article explicitly states that 37% of FY26 borrowers at Laxmi India Finance were first-time credit users, highlighting the NBFC's focus on underserved and previously unserved borrower segments.

4. Q4.In the RBI's 7-day Variable Rate Repo auction on July 20, 2026, what was the actual bid amount received compared to the notified amount, and what does this indicate about bank demand?

   ₹72,051 crore against ₹1,25,000 crore notified, indicating subdued demand₹1,18,500 crore against ₹1,25,000 crore notified, indicating strong demand₹95,000 crore against ₹1,25,000 crore notified, indicating moderate demand₹1,25,000 crore against ₹1,25,000 crore notified, indicating full subscription
   Explanation: The article states that bids totalling ₹72,051 crore were received against a notified amount of ₹1,25,000 crore, indicating subdued demand for short-term liquidity. The cut-off rate was 5.26% with full allotment.

5. Q5.According to the article on private sector bank performance in Q1, what trend did most lenders experience with their net interest margins (NIMs), and what is the prevailing outlook from bank executives?

   NIMs declined year-on-year; executives expect margins to have bottomed out with sequential improvement aheadNIMs expanded significantly; executives forecast further compressionNIMs remained stable; executives warn of imminent deteriorationNIMs contracted sharply; executives project continued decline for two quarters
   Explanation: The article states that most private banks' NIMs declined year-on-year due to policy rate cuts, but bank executives indicate that margins have likely bottomed out with sequential improvement expected in upcoming quarters.

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