Daily Quiz — 12 Jun 2026

1. Q1.By how many basis points did HDFC Bank raise its MCLR across select tenors, and what is the new range?

   5-10 basis points, pushing the range to 8.05%-8.65%10-15 basis points, pushing the range to 8.15%-8.75%5-10 basis points, pushing the range to 7.95%-8.55%15-20 basis points, pushing the range to 8.20%-8.80%
   Explanation: The article explicitly states HDFC Bank raised MCLR by 5-10 basis points across select tenors, pushing the range to 8.05%-8.65%. This is a direct factual recall from the first article.

2. Q2.Which of the following best describes the government's strategy for expanding rural credit through RRBs?

   Integration of Grameen Credit Score with JanSamarth portal for faster loan processing across 28 RRBsDirect deposit incentives to state-run banks for rural lendingMerger of all RRBs into a single national rural bankElimination of collateral requirements for all rural loans
   Explanation: The article specifies that the government is integrating the Grameen Credit Score with the JanSamarth portal for faster loan processing, alongside expanding through 28 RRBs and flagship schemes. This represents a technology-enabled approach to credit acceleration in rural areas.

3. Q3.What was the month-on-month change in India's outward FDI commitments in May 2026, and what primary factors drove this movement?

   49% decline driven by sharp declines in equity investments and overseas loans23% increase driven by strong infrastructure investments49% decline driven primarily by real estate sector pullback12% increase in equity investments offset by loan decline
   Explanation: The article states outward FDI commitments fell 49% month-on-month to $4.49 billion in May 2026, driven by sharp declines in equity investments and overseas loans. Despite the monthly contraction, year-on-year growth remained positive at 34.6%.

4. Q4.What key regulatory change has the IBBI introduced regarding creditor committee decisions in insolvency proceedings?

   Mandatory market discovery exercise and stronger justifications required for key decisionsComplete removal of creditor committee powers in favor of court-appointed administratorsAutomatic approval of all creditor decisions without judicial reviewCreditor committees must seek RBI approval before any major decision
   Explanation: The IBBI amended resolution regulations to require creditor committees to provide stronger justifications for key decisions and conduct a mandatory market discovery exercise when evaluating bids, signaling a shift from the earlier principle that creditors' commercial wisdom was beyond judicial scrutiny.

5. Q5.What incentive-based measure has the RBI adopted to stabilise the rupee, and until when will it be operational?

   Directing state-run firms and banks to raise dollars abroad and repatriate at subsidised hedging costs until September 30Imposing caps on foreign currency withdrawals until December 31Offering rupee appreciation bonuses to exporters until August 31Restricting overseas investments by domestic investors until November 30
   Explanation: The article states that India's authorities have directed state-run firms and banks to raise dollars abroad and repatriate them at subsidised hedging costs until September 30. This represents a shift from earlier capital control measures to incentive-based approaches.

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