Quest Daily CA Quiz 01-08-2026

Quest Daily CA Quiz 01-08-2026

Test your knowledge with daily current affairs

  1. Question 1: 'X' stated that the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) is a Central Sector Scheme under the Ministry of New and Renewable Energy (MNRE) and provides Central Financial Assistance (CFA) to eligible floating solar projects after their commissioning. 'Y' argued that the scheme is implemented by the Solar Energy Corporation of India (SECI) and also provides financial support for preliminary technical feasibility studies to de-risk projects. 'X' was not convinced. Based on the above, select the correct conclusion from the options given below:

    • 'X' alone is correct.
    • 'Y' alone is correct
    • The views of both 'X' and 'Y' are correct
    • Neither 'X' nor 'Y' is correct

  2. Question 2: Consider the following statements about Samudra Manthan (National Offshore Exploration Scheme): 1. It is a Central Sector Scheme implemented by the Ministry of Petroleum and Natural Gas. 2. It provides viability gap funding for offshore crude oil refining projects. 3. It promotes indigenous manufacturing through dedicated Oil and Gas Manufacturing and Services Zones. How many of the statements given above is/are correct?

    • 1
    • 2
    • 3
    • None

  3. Question 3: Consider the following statements regarding the Bloomberg Global Aggregate Index: 1. It is a global bond market index that tracks investment-grade debt securities. 2. Inclusion in the index generally encourages passive foreign investment into a country's bond market. 3. Only sovereign bonds issued by developed countries are eligible for inclusion. Which of the statements given above is/are correct?

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

  4. Question 4: With reference to the geographical features and international recognition of the Western Ghats, consider the following statements: 1. The Western Ghats extend across six States of India. 2. Selected sites in the Western Ghats were inscribed on the UNESCO World Heritage List in 2012. 3. The elevation of the Western Ghats generally decreases from south to north. Which of the statements given above is/are correct?

    • 1 and 2
    • 2 and 3
    • 1 and 3
    • 1,2and3

  5. Question 5: Consider the following statements regarding Artificial Intelligence: 1. Machine Learning is a subset of Artificial Intelligence. 2. Deep Learning is a subset of Machine Learning. Which of the statements given above is/are correct?

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

  6. Question 6: Assume that the Union Government increases its Capital Expenditure without any corresponding increase in Revenue Receipts or Non-debt Capital Receipts, while all other budgetary items remain unchanged. Which one of the following is the most likely consequence?

    • Revenue Deficit increases.
    • Fiscal Deficit increases.
    • Primary Deficit necessarily remains unchanged.
    • Revenue Expenditure decreases.

  7. Question 7: Consider the following pollution control devices and their principal mode of operation: Device Function 1. Cyclone Separator Electrostatic charging 2. Bag Filter Centrifugal force 3. Electrostatic Precipitator Fabric filtration 4. Wet Scrubber Liquid absorption How many of the above are correctly matched?

    • 1
    • 2
    • 3
    • 4

  8. Question 8: Which one of the following commodities does not fall under the promotional mandate of APEDA?

    • Basmati Rice
    • Fresh Fruits
    • Marine Products
    • Processed Foods

  9. Question 9: With reference to the Xtreme Weather Grade (XWG) Diesel, consider the following statements: 1. It has been jointly developed by the Indian Army and Oil Marketing Companies (OMCs). 2. It remains effective at temperatures as low as – 42°C. 3. It complies with BS-VI emission norms & IS 1460:2025 specifications. 4. It can be used only in newly manufactured military vehicles and requires engine modification in existing vehicles. How many of the above given statements is/are correct?

    • 1
    • 2
    • 3
    • 4

  10. Question 10: Which one of the following atmospheric conditions is most likely to weaken the southwest monsoon over the Indian subcontinent? (a) Development of low-pressure systems over the northern Bay of Bengal. (b) Strengthening of cross-equatorial southwesterly winds over the Arabian Sea. (c) Enhanced moisture transport from the Bay of Bengal towards the Indo-Gangetic Plain. (d) Weakening of the land–sea thermal contrast during summer.

    • Development of low-pressure systems over the northern Bay of Bengal.
    • Strengthening of cross-equatorial southwesterly winds over the Arabian Sea.
    • Enhanced moisture transport from the Bay of Bengal towards the Indo-Gangetic Plain
    • Weakening of the land–sea thermal contrast during summer