Quest Daily CA Quiz 01-07-2026

Quest Daily CA Quiz 01-07-2026

Test your knowledge with daily current affairs

  1. Question 1: Consider the following pairs: Concept Example 1. Feedback loop Sudden irreversible ecosystem shift 2. Tipping Point Warming causes more warming. 3. Positive Feedback Melting ice reduces Earth's reflectivity. How many of the above-given pairs is/are correctly matched?

    • 1
    • 2
    • 3
    • None

  2. Question 2: Which one of the following explains the occurrence of alternating wet and dry spells during the Indian summer monsoon season?

    • Formation of tropical depressions over the Indian Ocean
    • Weakening or northward shift of the monsoon trough
    • Seasonal reversal of trade winds
    • Frequent cyclonic depressions over land

  3. Question 3: Consider the following objectives of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY): 1. Expanding cultivable area under assured irrigation. 2. Improving on-farm water use efficiency. 3. Promoting precision irrigation technologies. 4. Increasing procurement of food grains through MSP. 5. Increasing the processing level of agricultural produce Which of the above are objectives of PMKSY?

    • 1,2 and 5
    • 2,3 and 4
    • 1,2 and 3
    • 1,2,3 and 4

  4. Question 4: With reference to the Goods and Services Tax (GST), consider the following statements: 1. GST ensures, through the input tax credit mechanism, that tax is effectively borne only on the value added at each stage. 2. GST follows the destination-based principle of taxation. 3. State Goods and Services Tax (SGST) is applicable only when both the supplier and the recipient are located in the same State. Which of the statements given above is/are correct?

    • 1,2 and 3
    • 2
    • 3
    • 1 and 2 only

  5. Question 5: With reference to the recent pattern of inward remittances to India, consider the following statements: 1. The United States accounts for nearly 28% of India's total inward remittances, making it the largest source country. 2. Kerala continues to be the largest recipient of inward remittances among Indian States. Which of the statements given above is/are correct?

    • 1 only
    • 2 only
    • Both 1 and 2
    • Neither 1 nor 2

  6. Question 6: Consider the following statements regarding water management: I. Reservoir storage was above the long-term average despite below-normal rainfall. II. Rainfall during the sowing season was below normal, and the area under sowing also declined. III. Reservoir storage can moderate the effects of short-term rainfall deficiency. Which of the following inferences can be drawn? 1. Reservoir storage can provide support during periods of rainfall deficit. 2. Agricultural activities may be influenced by rainfall conditions. 3. Higher reservoir storage eliminates the need for improving water-use efficiency. Select the correct answer using the code given below:

    • 1 only
    • 1 and 2 only
    • 2 and 3 only
    • 1,2 and 3

  7. Question 7: Consider the following assertion: The Centralised IT-Enabled System (CITES) seeks to reduce procedural delays in EPFO services. Which of the following is/are the basis of the above assertion? 1. Each regional office continues to maintain an independent database. 2. Members can respond to EPFO queries electronically. 3. Claims can be processed from any PF office across India. Select the correct answer using the code given below:

    • 1 only
    • 2 only
    • 1 and 2
    • 2 and 3

  8. Question 8: With reference to the Quadrilateral Security Dialogue (QUAD), consider the following statements: 1. The QUAD functions as a formal military alliance established to counter China. 2. All its member countries are committed to promoting a free, open and inclusive Indo-Pacific. Which of the above given statements is/are correct?

    • 1 only
    • 2 only
    • Both 1and 2
    • Neither 1 nor 2

  9. Question 9: Consider the following initiatives: 1. Academic Bank of Credits (ABC) 2. APAAR 3. National Credit Framework (NCrF) 4. SWAYAM 5. DigiLocker These initiatives collectively seek to achieve which one of the following objectives?

    • Establishing a unified ecosystem for lifelong, flexible and digitally verifiable learning
    • Promoting greater reliance on online modes of higher education.
    • Centralising all academic entrance examinations under a single authority
    • Introducing uniform curricula across major higher educational institutions

  10. Question 10: Consider the following statements: Statement I: Debt Recovery Tribunals (DRTs) were established to facilitate expeditious recovery of debts due to banks and financial institutions. Statement II: DRTs exercise jurisdiction over all categories of civil disputes involving private debts. Statement III: Appeals against the orders of DRTs lie before the Debt Recovery Appellate Tribunal (DRAT). Which one of the following is correct with respect to the above statements?

    • Both Statement II and Statement III are correct, and both of them explain Statement I
    • Both Statement II and Statement III are correct, but only one of them explains Statement I
    • Only one of the Statements II and III is correct, and that explains Statement I
    • Neither Statement II nor Statement III are correct