Daily Quiz — 17 Aug 2026

1. Q1.According to the article on Indian Bank's overseas fundraise, what is the total amount the bank plans to raise through its three-pronged overseas fundraising strategy?

   $3 billion$2.6 billion$2 billion$3.5 billion
   Explanation: The article explicitly states Indian Bank's total overseas fundraising plan comprises $400 million via ECB this week, $600 million via ECB before December 31, 2026, and $2 billion through FCNR-B deposits, totaling $3 billion.

2. Q2.Under India's one-time foreign asset disclosure window, what penalty structure applies to taxpayers who declare undisclosed foreign income up to ₹1 crore?

   30% tax only30% tax plus 30% equal penalty50% tax plus 25% penaltyFlat ₹1 lakh payment
   Explanation: The article specifies that eligible taxpayers declaring undisclosed foreign income up to ₹1 crore face a 30% tax plus an equal penalty (another 30%), totaling 60% of the undisclosed amount.

3. Q3.What key staffing challenge does the parliamentary standing committee identify at the Department of Investment and Public Asset Management (DIPAM)?

   38 vacant positions out of 89 sanctioned strength51 vacant positions out of 100 sanctioned strength25 vacant positions affecting only junior staff40 vacant positions with only mid-level gaps
   Explanation: The article states DIPAM operates with just 51 officers against a sanctioned strength of 89, with 38 vacant positions and critical gaps at director and under-secretary levels, threatening complex transactions like the IDBI Bank sale.

4. Q4.According to the article on Asset Reconstruction Companies, what was the year-on-year growth rate in Security Receipt (SR) redemptions in Q1 FY27?

   22%49%35%62%
   Explanation: The article explicitly states that ARCs redeemed Security Receipts worth ₹11,519 crore in Q1 FY27, representing a 49% year-on-year jump.

5. Q5.What annual loan disbursement target does Sammaan Capital Ltd plan to achieve by FY29-FY30 as part of its 'Clear Path to Growth' strategy?

   ₹30,000 to ₹40,000 crore₹50,000 to ₹92,000 crore₹40,000 to ₹60,000 crore₹70,000 to ₹100,000 crore
   Explanation: The article states Sammaan Capital plans to scale annual loan disbursements from ₹10,000 crore in H1 FY27 to between ₹50,000 and ₹92,000 crore by FY29-FY30, representing aggressive expansion across gold loans, microfinance, and digital lending.

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