Daily Quiz — 08 Jun 2026

1. Q1.Under the RBI's scheme to absorb hedging costs on FCNR(B) deposits, until what date will banks be able to offer higher rates to non-resident Indians without bearing hedging expenses?

   September 30June 30August 31December 31
   Explanation: The article explicitly states that the RBI will absorb full hedging costs on fresh 3–5 year FCNR(B) deposits raised until September 30, enabling banks to offer competitive rates to NRIs.

2. Q2.According to the CATMi warning, what is the approximate extent of losses already incurred by the ATM industry due to SBI's cash shortage issues?

   Exceeding ₹100 croreExceeding ₹50 croreExceeding ₹200 croreExceeding ₹500 crore
   Explanation: The article clearly states that industry losses already exceeding ₹100 crore have been reported by ATM operators due to SBI's cash shortages in smaller cities and towns.

3. Q3.Which RBI policy measures helped stabilize government bond yields on June 8 despite the oil price surge above $96 per barrel?

   Inclusion of ultra-long securities under FAR and removal of LTCG tax for foreign investorsReduction in repo rate and increase in SLR requirementsIntroduction of new government securities and removal of CRR exemptionsDirect government intervention in oil markets and currency hedging subsidies
   Explanation: The article specifies two key RBI measures: inclusion of ultra-long securities under the Fully Accessible Route and scrapping of long-term capital gains tax for foreign bond investors, which offset the impact of rising oil prices on bond yields.

4. Q4.According to professional forecasters surveyed, what is the expected repo rate by the end of FY27, assuming two 25 basis point hikes occur during the fiscal year?

   5.75%5.50%6.00%5.25%
   Explanation: The article states that forecasters expect two repo rate hikes of 25 basis points each in FY27, which would take the rate to 5.75% by year-end, starting from the current implicit base of 5.25%.

5. Q5.What is the SEBI-mandated minimum allocation requirement for each asset class in multi-asset funds as referenced in the ICICI Prudential fund article?

   10%15%5%20%
   Explanation: The article specifies that SEBI mandates a minimum 10% allocation to each asset class in multi-asset fund categories, ensuring diversification across equity, debt, and other assets like gold.

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