Daily Quiz — 20 Sep 2026

1. Q1.As of June 2026, what is the record loan-to-deposit ratio that has been reached in the Indian banking system, and what is the basis-point gap between credit and deposit growth?

   83.3% with a 512-basis-point gap82.1% with a 450-basis-point gap85.5% with a 600-basis-point gap80.9% with a 380-basis-point gap
   Explanation: The article explicitly states that the LDR has reached a record 83.3% as of June 2026, with a 512-basis-point gap between credit and deposit growth, indicating a structural funding strain.

2. Q2.According to the Parliamentary Standing Committee report on digital payments, what specific recommendation did the panel make regarding Merchant Discount Rate (MDR)?

   Recommendation to explore MDR as a possible revenue modelImmediate implementation of MDR on all UPI transactionsComplete abolition of MDR in the digital payments sectorMandatory MDR collection by all banks without exploration
   Explanation: The article states that the Standing Committee unanimously recommended exploration of a Merchant Discount Rate (MDR) on digital payments as a possible revenue model, though opposition members disputed their backing of the proposal.

3. Q3.When is the nationwide banking strike called by the United Forum of Bank Unions scheduled to begin, and what period of potential service disruption could result when considering the adjacent weekend?

   September 28, with potential five-day disruption including weekendSeptember 25, with potential three-day disruptionOctober 1, with potential seven-day disruptionSeptember 30, with potential four-day disruption
   Explanation: The article clearly states the three-day strike begins on September 28, and when combined with an adjacent weekend holiday, could effectively disrupt banking services for five days.

4. Q4.According to projections cited in the article, to what value is India's wealth management market expected to grow by 2034, and what is the projected annual compound growth rate?

   $436 billion with a 10.6% CAGR$500 billion with a 12% CAGR$380 billion with an 8.5% CAGR$550 billion with a 15% CAGR
   Explanation: The article states that India's wealth management market is projected to grow 2.5 times to $436 billion by 2034, with a compound annual growth rate of 10.6%, driven by rising incomes and expanding capital market participation.

5. Q5.In the Karnataka High Court decision regarding the Genpact round-tripping case, what was the value of the alleged round-tripping involved, and which overseas jurisdictions were mentioned as part of the case?

   ₹7,800 crore involving Bermuda, Luxembourg, and Singapore₹6,500 crore involving Cayman Islands, Ireland, and Dubai₹9,200 crore involving Mauritius, Netherlands, and Malta₹5,400 crore involving Seychelles, Cyprus, and British Virgin Islands
   Explanation: The article specifies that the alleged round-tripping case involved ₹7,800 crore and overseas entities in Bermuda, Luxembourg, and Singapore, with the court upholding the ED's seizure of Genpact's Gurugram head office.

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