Daily Quiz — 22 Sep 2026

1. Q1.What regulatory change has the Reserve Bank of India mandated regarding bulk deposit interest rate disclosure by banks effective October 1?

   Banks must disclose bulk deposit rates daily by 10:00 am on their websites with a 10-minute grace periodBanks must disclose bulk deposit rates weekly by 5:00 pm to the RBIBanks must submit bulk deposit rates to a central RBI database without public disclosureBanks must disclose rates hourly during trading hours only
   Explanation: The RBI directions require banks to publicly disclose bulk deposit interest rates on their websites daily by 10:00 am with a 10-minute grace period, as stated in article 9.

2. Q2.Which company received a perpetual-validity licence from the RBI to offer cross-border trade remittance and foreign exchange services through its last-mile network?

   RNFI MoneyICICI BankWestern Union IndiaAxis Forex Limited
   Explanation: According to article 1, RNFI Money received RBI approval for a perpetual-validity licence to offer cross-border remittance and forex services beyond conventional bank branches.

3. Q3.What is the projected size of India's organised gold-loan market by 2029, as mentioned in the article on gold-backed credit?

   $169.07 billion (₹14.19 lakh crore)$100 billion (₹8.5 lakh crore)$250 billion (₹21 lakh crore)$84.5 billion (₹7.1 lakh crore)
   Explanation: Article 6 states that India's organised gold-loan market is projected to double to $169.07 billion (₹14.19 lakh crore) over five years from 2024, reaching approximately 2029.

4. Q4.Under the revised Basel III framework effective April 1, 2027, what structural foreign-currency investment change has the RBI permitted for commercial banks regarding Net Open Position calculations?

   Banks may exclude certain structural foreign-currency investments from Net Open Position calculationsBanks must include all foreign-currency investments in Net Open Position calculationsBanks may exclude only rupee-denominated investments from calculationsBanks must limit foreign-currency exposure to 50% of capital
   Explanation: Article 4 specifies that banks will be permitted to exclude certain structural foreign-currency investments from their Net Open Position calculations under the new Basel III market-risk capital requirements.

5. Q5.According to the RBI OMO auction on September 21, 2026, which government security received the highest demand and how many bids did it attract?

   7.95% GS 2032 with 127 bids8.28% GS 2027 with 150 bids7.50% GS 2030 with 98 bids8.15% GS 2029 with 112 bids
   Explanation: Article 8 states that the 7.95% GS 2032 security drew the highest demand with 127 bids in the OMO sale auction that had 3.4x oversubscription.

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