Quest Daily CA Quiz 02-04-2026

Quest Daily CA Quiz 02-04-2026

Test your knowledge with today's current affairs

  1. Question 1: Consider the following statements regarding the SEZ relief measure under the Union Budget 2026–27: I. The concessional duty structure applies uniformly across all sectors without exclusions. II. The scheme is operational only for a limited period ending March 31, 2027. III. The concessional duty rates are higher than the existing customs duty rates to discourage DTA sales. Which of the statements given above is/are correct?

    • I, II and III only
    • II only
    • I and III only
    • I, II, and III

  2. Question 2: With reference to the Income-tax reform process in India, consider the following statements: I. It introduces substantial changes in India’s direct tax policy framework to enhance revenue mobilisation. II. The Central Board of Direct Taxes notified both the Act and the Rules for its implementation. Which of the statements given above is/are correct?

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

  3. Question 3: With reference to the impact of tensions involving Iran on Indian agriculture, consider the following statements: I. The disruption of energy supplies has led to persistent inflation in wholesale prices of essential vegetables. II. Availability of pesticides in India currently exceeds the estimated requirement. Which of the statements given above is/are correct?

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

  4. Question 4: Consider the following statements regarding tightened forex rules in India: I. Banks are allowed to offer non-deliverable derivative contracts involving the rupee to both residents and non-residents. II. Users of forex derivatives are allowed to simultaneously hold offsetting positions in deliverable and non-deliverable contracts. Which of the statements given above is/are correct?

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

  5. Question 5: Consider the following statements regarding the Biological Diversity (Amendment) Act, 2023: I. The Act mandates post-IPR approval from the National Biodiversity Authority to ensure faster patent processing. II. Applicants under Section 7 must obtain a Certificate of Registration (CoR) before seeking IPR based on Indian biological resources. III. The amended framework shifts from a registration-based system to a licensing-based system to ensure stricter control. Which of the statements given above is/are correct?

    • I and II only
    • II only
    • I and III only
    • I, II and III

  6. Question 6: Consider the following statements regarding Self-Enumeration in Census 2027: I. Self-Enumeration is conducted under the provisions of the Census Act, 1948. II. Data collected through Self-Enumeration is not covered under confidentiality provisions. III. It is a web-based facility available in all official languages. Which of the statements given above is/are correct?

    • I and II only
    • II only
    • I only
    • I, II and III

  7. Question 7: Consider the following statements regarding GLP-1 drugs: I. GLP-1 drugs primarily act by increasing glucagon secretion to prevent hypoglycaemia. II. Their mechanism of slowing gastric emptying contributes to both glycaemic control and weight reduction. Which of the statements given above is/are correct?

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

  8. Question 8: Recently, the term “Qdenga” has been in the news. It is best associated with:

    • A new antiviral drug for treating malaria
    • A vaccine developed for dengue prevention
    • A diagnostic kit for detecting chikungunya
    • A mosquito control technique using genetic modification

  9. Question 9: Consider the following statements: I. LNG is primarily stored under high pressure, similar to CNG, to facilitate transportation. II. CNG is stored under high pressure and is mainly used as a vehicular fuel. III. PNG requires on-site storage in cylinders similar to LPG for household use. Which of the statements given above is/are correct?

    • II only
    • I and III only
    • I, II and III
    • None

  10. Question 10: Consider the following statements regarding Samrat Samprati: I. He is primarily associated with the patronage and spread of Buddhism. II. His conversion to Jainism is linked to the influence of the monk Suhastin. III. Samprati’s adoption of Jainism is linked to the Digambara tradition. Which of the statements given above is/are correct?

    • I and II only
    • I only
    • II and III only
    • I, II and III