Quest Daily CA Quiz 12-07-2025

Quest Daily CA Quiz 12-07-2025

Test your knowledge with today's current affairs

  1. Question 1: Consider the following statements about Small Finance Banks (SFBs): I. They are granted Scheduled Bank status under Section 42 of the RBI Act, 1934. II. The minimum paid-up voting equity capital of SFBs is ₹500 crore. III. They must allocate 25% of Adjusted Net Bank Credit (ANBC) to Priority Sector Lending (PSL). IV. They must open 50% of the total branches in unbanked rural areas. How many of the statements given above are correct?

    • Only one
    • Only two
    • Only three
    • All the four

  2. Question 2: With reference to the PM E-DRIVE Initiative, consider the following statements: I. It is the first-ever direct financial incentive scheme in India for electric trucks. II. It is launched by the Ministry of Electronics and Information Technology. Which of the statements given above is/are correct?

    • I only
    • II only
    • Both I and II
    • Neither I nor II

  3. Question 3: Which one of the following agencies launched the ‘Operation Fire Trail'?

    • Central Board of Indirect Taxes and Customs (CBIC)
    • National Investigation Agency (NIA)
    • Directorate of Revenue Intelligence (DRI)
    • Directorate General of GST Intelligence (DGGI)

  4. Question 4: Consider the following World Heritage Sites (WHS): I. Archaeological Site of Nalanda Mahavihara II. Nanda Devi and Valley of Flowers National Parks’ III. Fatehpur Sikri IV. Maratha Military Landscapes of India How many of the above are recognized under the ‘cultural heritage’ category of the World Heritage Sites (WHS)?

    • Only one
    • Only two
    • Only three
    • All the four

  5. Question 5: Consider the following statements: Statement I: Bharat 6G Alliance (B6GA) is a multi-stakeholder platform established by the Government of India. Statement II: Bharat 6G Alliance aims to enable India to become a leading global supplier of IP, products and solutions of affordable 5G and 6G and other future telecom solutions. Which one of the following is correct in respect of the above statements?

    • Both Statement I and Statement II are correct and Statement II explains Statement I
    • Both Statement I and Statement II are correct but Statement II does not explain Statement I
    • Statement I is correct but Statement II is not correct
    • Statement I is not correct but Statement II is correct