Daily Quiz — 15 Jun 2026

1. Q1.According to the article on US-Iran relations, what is the primary benefit to Indian equity markets from the agreement to reopen the Strait of Hormuz toll-free?

   Lower crude oil prices reducing inflation and supporting corporate marginsIncreased government spending on defense and infrastructureExpansion of Indian oil refining capacityHigher foreign direct investment from Iran
   Explanation: The article explicitly states that lower crude oil prices resulting from the agreement would reduce inflation, narrow India's current account deficit, and support corporate margins, while unlocking sidelined investor capital into Indian equity markets.

2. Q2.Which company is leading the SME IPO pipeline this week with the largest issue size, and what is the amount it aims to raise?

   Clay Craft India at ₹110.1 croreClay Craft India at ₹300 croreAn unnamed mainboard company at ₹150 croreFive SME companies collectively at ₹110.1 crore
   Explanation: The article clearly identifies Clay Craft India as the largest SME IPO issue this week at ₹110.1 crore, targeting expansion of its Rajasthan manufacturing facility.

3. Q3.What significant corporate restructuring occurred at John Cockerill India Limited (JCIL) effective January 1, 2026?

   Its Belgian parent consolidated the entire global metals business into JCILJCIL acquired five competing metals companiesThe company spun off its Indian operations to the Belgian parentJCIL merged with CMI FPE to form a new entity
   Explanation: The article states that JCIL's Belgian parent consolidated its entire global metals business into the Indian-listed entity from January 1, 2026, effectively tripling the company's revenue base.

4. Q4.According to the article on home loan balance transfers, what interest savings can be achieved with a 50-basis-point rate reduction on a ₹1 crore, 30-year loan originally taken at 8.75% per annum?

   Over ₹10 lakhApproximately ₹5 lakhExactly ₹8.75 lakhLess than ₹2 lakh
   Explanation: The article explicitly states that a 50-basis-point rate reduction can save over ₹10 lakh in interest on such a loan, making balance transfers to lower-rate lenders financially compelling for borrowers locked in at cyclical peaks.

5. Q5.What is the key concern highlighted in the article on rising bond yields and corporate bank credit demand regarding India's credit market?

   The credit-deposit gap is widening as credit growth significantly outpaces deposit growthRising bond yields are causing corporations to avoid bank borrowing entirelyDeposit growth is accelerating faster than credit growthTotal bank credit has declined to ₹200 lakh crore
   Explanation: The article identifies a widening credit-deposit gap as the key concern, with bank credit growing at 17.4% year-on-year while deposit growth lagged at only 12.1%, indicating that fortnightly credit expansion is outpacing deposit accretion on an absolute basis.

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