Daily Quiz — 23 Jul 2026

1. Q1.According to the article on RBI rate transmission, which category of banks achieved the highest weighted average lending rate cuts on fresh rupee loans during the February 2025–May 2026 easing cycle?

   Foreign banks with 1.24 percentage pointsPrivate banks with 1.08 percentage pointsPublic sector banks with 0.66 percentage pointsAll bank categories transmitted equally
   Explanation: The article explicitly states that foreign banks led rate transmission with a 1.24 percentage point cut, outpacing private banks (1.08 pp) and public sector banks (0.66 pp).

2. Q2.In the CSB Bank article, what specific business exit is cited as a technical driver behind the June-quarter decline in loan disbursements?

   Exit from the repledger business and changed gold-loan renewal normsReduced demand from corporate clientsRBI-mandated restrictions on lending ratesRegulatory capital adequacy requirements
   Explanation: CSB Bank MD Pralay Mondal attributed the disbursement decline to the exit of the repledger business and changed gold-loan renewal norms, both technical factors rather than demand weakness.

3. Q3.What is the expected combined assets under management target for Purple Finance following its acquisition of Saksham Gram Credit?

   Approximately ₹850 croreApproximately ₹500 croreApproximately ₹1,000 croreApproximately ₹750 crore
   Explanation: The article states that the combined entity's AUM is expected to reach approximately ₹850 crore, backed by ₹108 crore in fresh equity commitments.

4. Q4.According to the RBI governance overhaul article, what is the primary shift in the bank board governance framework effective October 1?

   From prescriptive, checklist-based to principles-based governanceFrom annual to quarterly board reporting requirementsFrom independent directors to government-appointed board membersFrom strategic focus to operational compliance focus
   Explanation: The RBI replaced its prescriptive, checklist-based governance framework with a principles-based approach focused on strategic planning, risk governance, and oversight, reducing compliance box-ticking.

5. Q5.In the context of geopolitical and inflation pressures, what percentage of surveyed central banks plan to increase their gold holdings over the next year?

   45%35%55%25%
   Explanation: The article on global central bank gold purchases states that a record 45% of surveyed central banks plan to increase their gold holdings, reflecting diversification away from dollar-denominated assets.

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