Daily quizFriday, 6 November 2026
Daily quiz
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According to the SEBI circular on the framework for Accredited Investors, what is the validity period of an accreditation determined by a Manager?
Accreditation determined by a Manager shall be valid for a period of three years from the date of accreditation.
Source: SEBI — Circular
Question 2 of 7
From what date will the provisions of the SEBI circular regarding the framework for net settlement of funds for mutual fund schemes come into force?
The provisions of this circular shall come into force on April 1, 2027.
Source: SEBI — Circular
Question 3 of 7
According to the SEBI circular dated November 05, 2026, what is the revised single limit for domestic clients and FPIs to take positions in currency derivatives contracts involving INR without establishing underlying exposure?
Domestic clients and Foreign Portfolio Investors (FPIs) may take long or short positions in currency derivatives contracts involving INR, without having to establish the existence of underlying exposure, up to a single limit of USD 5 million equivalent of notional value (outstanding at any point), across all currency pairs involving INR, put together, and combined across all recognised stock exchanges.
Source: SEBI — Circular
Question 4 of 7
What is the deadline for submitting comments or feedback on the draft Directions related to Priority Sector Lending?
The comments / feedback may be submitted on or before November 26, 2026, through the following channels:
Question 5 of 7
For how much additional period has the Reserve Bank of India extended the Directive issued to Urban Co-operative Bank Limited, Dehradun?
Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of 03 months from close of business on November 10, 2026 to close of business on February 10, 2027, subject to review.
Question 6 of 7
What is the minimum qualifying securities market exposure for an individual to be considered an Accredited Investor?
The minimum qualifying securities market exposure shall be INR 5 crore in the case of an individual, Hindu Undivided Family, family trust or sole proprietorship.
Source: SEBI — Circular
Question 7 of 7
Under the new framework, netting of funds for mutual fund schemes is permitted at which level?
With a view to enhance operational efficiency, reduce temporary funding requirements and improving settlement efficiency for mutual fund schemes, it has been decided to permit net settlement of funds, at the level of an individual mutual fund scheme, for outright transactions undertaken in the cash segment of stock exchanges, subject to the conditions specified in this circular.
Source: SEBI — Circular
01
According to the SEBI circular on the framework for Accredited Investors, what is the validity period of an accreditation determined by a Manager?
Accreditation determined by a Manager shall be valid for a period of three years from the date of accreditation. SEBI — Circular ↗
02
From what date will the provisions of the SEBI circular regarding the framework for net settlement of funds for mutual fund schemes come into force?
The provisions of this circular shall come into force on April 1, 2027. SEBI — Circular ↗
03
According to the SEBI circular dated November 05, 2026, what is the revised single limit for domestic clients and FPIs to take positions in currency derivatives contracts involving INR without establishing underlying exposure?
Domestic clients and Foreign Portfolio Investors (FPIs) may take long or short positions in currency derivatives contracts involving INR, without having to establish the existence of underlying exposure, up to a single limit of USD 5 million equivalent of notional value (outstanding at any point), across all currency pairs involving INR, put together, and combined across all recognised stock exchanges. SEBI — Circular ↗
04
What is the deadline for submitting comments or feedback on the draft Directions related to Priority Sector Lending?
The comments / feedback may be submitted on or before November 26, 2026, through the following channels: Reserve Bank of India — Press release ↗
05
For how much additional period has the Reserve Bank of India extended the Directive issued to Urban Co-operative Bank Limited, Dehradun?
Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of 03 months from close of business on November 10, 2026 to close of business on February 10, 2027, subject to review. Reserve Bank of India — Press release ↗
06
What is the minimum qualifying securities market exposure for an individual to be considered an Accredited Investor?
The minimum qualifying securities market exposure shall be INR 5 crore in the case of an individual, Hindu Undivided Family, family trust or sole proprietorship. SEBI — Circular ↗
07
Under the new framework, netting of funds for mutual fund schemes is permitted at which level?
With a view to enhance operational efficiency, reduce temporary funding requirements and improving settlement efficiency for mutual fund schemes, it has been decided to permit net settlement of funds, at the level of an individual mutual fund scheme, for outright transactions undertaken in the cash segment of stock exchanges, subject to the conditions specified in this circular. SEBI — Circular ↗