Daily Quiz — 20 Aug 2026

1. Q1.In August 2026, all six members of the RBI's Monetary Policy Committee voted to hold the repo rate at what level?

   5.25%5.40%5.10%5.50%
   Explanation: The article explicitly states that all six MPC members unanimously held the repo rate at 5.25% in August, adopting a 'wait and watch' stance.

2. Q2.What was the new closing date for the RBI's concessional dollar hedging swap window after it was accelerated from September?

   August 31, 2026September 15, 2026September 30, 2026August 15, 2026
   Explanation: According to the article on Indian banks racing to use the RBI's dollar swap window, the facility's closing date was moved up to August 31, 2026, creating urgency for banks to lock in funding.

3. Q3.According to RBI data, which company led India's outward equity FDI flows in July 2026 with $664 million?

   Quest Global Engineering SolutionsONGC VideshTata MotorsInfosys
   Explanation: The article on India's outward FDI surge states that Quest Global Engineering Solutions led equity outflows at $664 million, while ONGC Videsh topped the overseas loan category.

4. Q4.Which Indian bank recorded the steepest workforce decline of 6,633 employees in FY26 due to AI-driven automation?

   ICICI BankHDFC BankAxis BankKotak Mahindra Bank
   Explanation: The article on AI-driven workforce contraction in private banks specifically identifies ICICI Bank as recording the steepest single-bank decline of 6,633 employees among India's top ten private sector banks.

5. Q5.In its technology overhaul following a major error, Tamilnad Mercantile Bank deployed which of the following solutions?

   Real-time transaction monitoring, AI-enabled fraud detection, and elimination of manual intermediary stepsManual audit procedures and enhanced compliance reviews onlyBlockchain-based settlement and decentralized processingOutsourcing all technology operations to external vendors
   Explanation: The article on TMB's transformation states that after the ₹9,000 crore transfer error, the bank deployed real-time transaction monitoring, AI-enabled fraud detection, and eliminated manual intermediary steps between core banking and clearing houses.

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