Daily Quiz — 13 Jun 2026

1. Q1.Which two Indian discount brokers have launched US stock investing platforms, with Dhan positioning itself as the first among top-ten brokers to operate entirely within India's domestic regulatory framework?

   Dhan, using an IFSCA-regulated GIFT City subsidiary and India INX membershipZerodha and Dhan, both using offshore GIFT City entities5Paisa and Dhan, regulated by SEBI's international divisionGroww and Dhan, operating through joint ventures with NSE
   Explanation: Dhan launched US equities through its GIFT City subsidiary using an IFSCA-regulated entity and India INX membership, operating entirely within India's regulatory framework rather than offshore. The article specifically identifies Dhan as the first among top-ten discount brokers to achieve this.

2. Q2.Following the RBI's move to boost foreign capital inflows, what is the maximum FCNR-B deposit rate currently offered by Yes Bank and AU Small Finance Bank on five-year USD deposits?

   7.1%6.0%6.5%7.5%
   Explanation: According to the article, both Yes Bank and AU Small Finance Bank now offer up to 7.1% on five-year USD deposits after raising rates following the RBI's initiative to attract foreign currency inflows.

3. Q3.What is India's target for textile exports by 2030, and what persistent challenge does the sector face according to Syndicate Finance's analysis?

   $100 billion target; persistent working-capital gap between export orders and production scale-up$150 billion target; lack of government subsidies for raw materials$80 billion target; shortage of skilled labor in manufacturing$120 billion target; inability to meet quality standards for exports
   Explanation: The article states India's textile sector is targeting $100 billion in exports by 2030 and faces a persistent working-capital gap between confirmed export orders and production scale-up, which Syndicate Finance aims to address by bridging procurement, production, and payment cycles.

4. Q4.Fitch Ratings maintained a neutral outlook on Indian banks despite downgrading peers in other APAC nations. What specific GDP growth forecast did Fitch cut for India in FY27?

   6.4%6.8%7.0%5.9%
   Explanation: The article explicitly states that Fitch cut India's FY27 GDP growth forecast to 6.4%, while citing resilient domestic demand as the reason for maintaining a neutral outlook on Indian banks despite regional downgrades.

5. Q5.For the RBI's ₹24,000 crore Treasury Bill auction scheduled for June 17, 2026, what is the maximum allocation cap for retail investors participating via the RBI Retail Direct portal?

   5 percent10 percent3 percent7 percent
   Explanation: The RBI announcement specifies that retail investors are permitted to participate in the Treasury Bill auction through the RBI Retail Direct portal subject to a 5 percent allocation cap.

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