Quest Daily CA Quiz 03-01-2026

Quest Daily CA Quiz 03-01-2026

Test your knowledge with today's current affairs

  1. Question 1: Consider the following statements: Statement I: The U.S. conducted large-scale live-fire military drills named “Justice Mission 2025” around Taiwan against China. Statement II: Such drills are designed to simulate blockade operations and precision strikes against Taiwan’s ports and maritime targets. 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

  2. Question 2: Consider the following statements regarding Purchasing Manufacturer’s Index (PMI): I. PMI is an indicator of business activity both in the manufacturing and services sectors. II. It is published by FICCI in association with Quality Council of India. III. It measures activity at the purchasing/input stage, unlike IIP (Index of Industrial Production), which tracks actual output. IV. PMI does not capture informal sector activity. V. In recent times, India’s Purchasing Managers’ Index (PMI) rose for the first time after three quarters due to growth in demand. Which of the statements given above are correct?

    • I, II and V only
    • I, II, III and IV only
    • I, III and IV only
    • I, III, IV and V only

  3. Question 3: Rosneft and Lukoil were recently seen in the news in relation to:

    • U.S. sanctions on Russian oil. companies amid the Ukraine conflict.
    • Ukraine mining sites recently captured by Russian army.
    • Discovery of major offshore oil reserves in the Arctic region.
    • Merger of Russian public and private oil sector companies.

  4. Question 4: Consider the following statements: Statement I: The Indian rupee was considered undervalued in November 2025. Statement II: India’s Real Effective Exchange Rate (REER) declined below the benchmark level of 100. Statement III: India’s domestic inflation fell sharply along with a nominal depreciation of the rupee. Which one of the following is correct in respect of 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 is correct

  5. Question 5: With reference to the 'Galaxy frog', consider the following statements: I. The Galaxy frog (Melanobatrachus indicus) is among the rarest amphibians in the world. II. It has been declared the flagship species of Mathikettan Shola National Park. III. It is endemic to the Western Ghats, with its distribution restricted to Kerala. IV. It is a silent species and is believed to communicate using visual signals such as body spots. V. It is listed as Vulnerable on the IUCN Red List. How many of the statements given above are correct?

    • Only two
    • Only three
    • Only four
    • All the above

  6. Question 6: Consider the following statements regarding the Parliament Museum: I. It is dedicated to India’s parliamentary democracy, constitutional history, and legislative functioning. II. Its administrative control vests with the Ministry of Culture. III. It was inaugurated on 15 August 2006 by A. P. J. Abdul Kalam. IV. It is part of the Central Vista redevelopment master plan. Which of the statements given above are correct?

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

  7. Question 7: Consider the following statements regarding PRAGATI: I. PRAGATI is a technology-based platform for project monitoring, scheme review, and grievance redressal through coordination between the Centre and States. II. Only projects with a cost exceeding ₹500 crore are taken up for review under PRAGATI. III. PRAGATI directly audits construction quality of infrastructure projects. IV. Several major infrastructure projects such as the Jammu–Baramulla–Srinagar Rail Link and Bogibeel rail-cum-road bridge have been reviewed under PRAGATI. Which of the statements given above are correct?

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

  8. Question 8: With reference to Ammonium sulfate, consider the following statements: I. Ammonium sulfate is classified as a secondary inorganic aerosol. II. Ammonium sulfate forms when precursor gases such as sulphur dioxide (SO₂) and ammonia (NH₃) react in the atmosphere. III. Major sources of atmospheric ammonia include agricultural activities, fertilizer use, livestock waste, sewage, landfills, and biomass burning. IV. London smog (classical smog) is directly associated with ammonium sulfate formation. How many of the statements given above is/are correct?

    • Only one
    • Only two
    • Only three
    • All the above

  9. Question 9: Consider the following sources: I. Alternate wetting and drying of paddy fields. II. Enteric fermentation. III. Livestock such as cattle and buffalo. IV. Fossil fuel extraction and use. V. Landfills. VI. Wetlands. VII. Permafrost thaw. How many of the above are major sources of methane emissions?

    • Only four
    • Only five
    • Only six
    • All the above

  10. Question 10: With reference to the Eurozone, consider the following statements: I. Bulgaria officially adopted the Euro on 1 January 2026, becoming the 21st member of the Eurozone. II. By adopting the Euro, Bulgaria can freely use its currency with Eurozone members without requiring any free trade agreements. Which of the statements given above is/are incorrect?

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