Daily Quiz — 24 Aug 2026

1. Q1.According to SBI Chairman C.S. Setty's projections, what is the expected range for SBI's total business by 2030, and what annual growth rate does the bank anticipate?

   ₹170–200 lakh crore with 11–12% annual growth₹150–180 lakh crore with 9–10% annual growth₹180–220 lakh crore with 13–14% annual growth₹160–190 lakh crore with 10–11% annual growth
   Explanation: The article explicitly states that SBI's total business could reach ₹170–200 lakh crore by 2030, with the bank expecting its balance sheet to grow at 11–12% annually, closely tracking India's projected 7–8% economic expansion.

2. Q2.Gemini Edibles & Fats India's IPO filing with SEBI is structured as a pure OFS. What is the key implication of this structure for the company?

   The company receives no IPO proceeds; all funds flow to selling shareholdersThe company receives 50% of IPO proceeds while shareholders receive 50%The company uses all proceeds to retire debt and fund operationsThe company receives all proceeds but must pay a listing fee to SEBI
   Explanation: A pure OFS (Offer-For-Sale) means all funds flow to selling shareholders rather than to the company itself. Gemini Edibles will receive no proceeds from the IPO, as all funds go to promoters and existing investors like Golden Agri International and Black River Food 2.

3. Q3.What is the primary driver behind India's private credit market growth according to the IBC reforms article, and what is the estimated market size as of March 2025?

   Funding gaps in specialised segments; $25–30 billion market sizeGovernment incentives for private lenders; $40–50 billion market sizeRBI regulatory mandates; $15–20 billion market sizeForeign direct investment inflows; $50–60 billion market size
   Explanation: The article states that India's private credit market, estimated at $25–30 billion as of March 2025, is poised for growth as banks and non-bank lenders leave funding gaps in specialised segments. IBC reforms are encouraging stronger documentation and structural protections over collateral reliance.

4. Q4.According to SBI Securities analyst Sudeep Shah's technical analysis, what level must Nifty 50 breach to trigger a sustained uptrend, and what are the near-term resistance levels identified?

   Breach 24,774 with near-term resistance at 24,350–24,400Breach 24,500 with near-term resistance at 24,600–24,700Breach 24,900 with near-term resistance at 25,000–25,100Breach 24,200 with near-term resistance at 24,300–24,400
   Explanation: The article clearly states that the August high of 24,774 is the key level that must be breached to trigger a sustained uptrend, with 24,350–24,400 identified as near-term resistance and 24,000–24,050 as critical support.

5. Q5.IIFCL's $1.8 billion External Commercial Borrowing programme aims to raise approximately $1 billion through long-term borrowings. Under which guarantee facility are these borrowings structured?

   Multilateral Investment Guarantee Agency (MIGA)World Bank Guarantee FacilityAsian Development Bank (ADB) Guarantee SchemeExport-Import Bank of India (EXIM) Guarantee Program
   Explanation: The article explicitly states that IIFCL plans to raise approximately $1 billion through long-term borrowings of up to 15-year tenors under the Multilateral Investment Guarantee Agency (MIGA) guarantee facility.

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