Daily Quiz — 16 Jun 2026

1. Q1.According to the HDFC Bank governance review, what did the three law firms find regarding the concerns raised in former chairman Atanu Chakraborty's resignation letter?

   No evidence to support the concerns raisedStrong evidence supporting all allegations madePartial evidence confirming some concernsFindings could not be determined due to incomplete records
   Explanation: The article explicitly states that three law firms found no evidence to support the concerns raised in Chakraborty's resignation letter, based on their review of board meeting recordings, minutes, agendas, and whistleblower letters.

2. Q2.What was the primary reason SEBI imposed a ₹4.28 crore settlement on Angel One?

   Failure to monitor unauthorised fund collection and improper trading activities by authorised personsExcessive commission charged to retail investorsMisrepresentation of fund performance to clientsViolation of insider trading regulations by senior management
   Explanation: SEBI found that Angel One failed to monitor unauthorised fund collection and improper trading activities by its authorised persons, along with inadequate due diligence and delayed action against suspicious activities flagged during inspections.

3. Q3.In FY27, what is the approximate ratio of commercial paper (CP) issuances to corporate bond issuances by Indian corporates?

   Approximately 2.9:1 in favour of commercial paperApproximately 1:1 with equal preference for bothApproximately 1:2 in favour of corporate bondsApproximately 4:1 in favour of commercial paper
   Explanation: Indian corporates raised ₹4,39,693 crore through CP and ₹1,51,117 crore through corporate bonds. The ratio is approximately 2.9:1, driven by corporates exploiting softer short-term rates to reduce borrowing costs.

4. Q4.According to Hero FinCorp's AI deployment case, what was the improvement achieved in two-wheeler loan turnaround time?

   72% improvement in turnaround time45% improvement in turnaround time85% improvement in turnaround time58% improvement in turnaround time
   Explanation: Hero FinCorp deployed Salesforce's Agentforce AI platform and achieved a 72% improvement in two-wheeler loan turnaround time by connecting government verification systems, financial institutions, and document repositories.

5. Q5.When will the RBI's amended directions on advertising, marketing, and sale of financial products by banks and NBFCs become effective?

   January 1, 2027April 1, 2027July 1, 2026Immediately upon announcement in February 2026
   Explanation: The RBI has finalised amendment directions governing advertising and marketing of financial products and services that address Direct Selling Agent activities, dark patterns, and mis-selling prevention, with an effective date of January 1, 2027.

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