Daily Quiz — 30 Sep 2026

1. Q1.According to economist Renu Kohli's argument, by how much should the RBI cut the Statutory Liquidity Ratio (SLR) to ease structural deposit constraints and sustain bank credit?

   200 basis points100 basis points150 basis points250 basis points
   Explanation: The article explicitly states that Renu Kohli argues for a 200 basis points cut in SLR to address structural deposit constraints and sustain the credit cycle.

2. Q2.Following the CCI approval of BNP Paribas Cardif's acquisition of IndiaFirst Life Insurance, what are the final ownership stakes of the three key stakeholders?

   Bank of Baroda 65%, BNP Paribas Cardif 26%, Union Bank of India 9%Bank of Baroda 70%, BNP Paribas Cardif 20%, Union Bank of India 10%Bank of Baroda 60%, BNP Paribas Cardif 30%, Union Bank of India 10%Bank of Baroda 75%, BNP Paribas Cardif 15%, Union Bank of India 10%
   Explanation: Post-transaction, Bank of Baroda holds 65%, BNP Paribas Cardif holds 26%, and Union Bank of India holds 9% of IndiaFirst Life Insurance Company.

3. Q3.What concern did State Bank of India raise before the Joint Parliamentary Committee regarding the proposed Foreign Contribution (Regulation) Amendment Bill, 2026?

   Transactions between FCRA registration cancellation and bank notification could face legal scrutiny, with unclear procedures on account operationsThe bill does not adequately protect bank interests in foreign remittancesThe amendment would increase the compliance burden for rural banksThe bill fails to define minimum deposit requirements for FCRA accounts
   Explanation: SBI flagged operational gaps in the FCRA amendment bill, specifically warning that transactions processed between FCRA registration cancellation and bank notification could face legal scrutiny, and sought clear procedures on account operations and treatment of deposits.

4. Q4.According to the article on Bank of India's digital rupee initiative, which external technology partner developed the programmable digital rupee functionality on the CBDC platform?

   Montran IndiaTCS DigitalInfosys FintechWipro Blockchain Solutions
   Explanation: The article explicitly states that the programmable digital rupee functionality was developed by Montran India for Bank of India's CBDC platform.

5. Q5.According to NEDFi's FY2025-26 performance, what was the gross non-performing assets (NPA) ratio, and by how much did it decline from the previous year?

   1.71%, declining from 1.88%1.88%, declining from 2.05%1.65%, declining from 1.82%1.75%, declining from 1.90%
   Explanation: NEDFi reported gross NPAs of 1.71% for FY2025-26, declining from 1.88% in the previous year, representing an improvement of 17 basis points in asset quality.

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