Quest Daily CA Quiz 03-04-2026

Quest Daily CA Quiz 03-04-2026

Test your knowledge with today's current affairs

  1. Question 1: Assertion (A): Modern choke points include digital infrastructure such as subsea cables. Reason (R): The decentralized nature of the internet ensures that global data flows are independent of specific physical nodes or cable systems. Select the correct answer:

    • Both A and R are true, and R is correct explanation
    • Both A and R are true, but R is not correct explanation
    • A is true, but R is false
    • A is false, but R is true

  2. Question 2: Consider the following statements: I. Forest fire activity in 2026 is over 50% higher than in 2024, the warmest year on record II. Fire radiative power is used to estimate the spatial spread of forest fires. III. North-East India continues to report some of the most intense forest fires. Which of the statements given above is/are correct?

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

  3. Question 3: Consider the following statements: I. Helium is a colourless, odourless, non-toxic, and inert gas with very limited substitutes in critical applications. II. India is self-sufficient in helium production due to commercially viable reserves in its natural gas fields. III. It is indispensable for cooling superconducting magnets used in MRI scanners, as well as in semiconductors, spectrometers, and fiber optics manufacturing Which of the statements given above is/are correct?

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

  4. Question 4: Consider the following statements regarding Article 324 of the Constitution of India: I. It grants the Election Commission of India plenary powers to act even in areas where no specific law exists. II. It allows the ECI to override existing statutory laws if required to ensure free and fair elections. 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 deemed university status granted to the National Council of Educational Research and Training: I. It allows NCERT to offer academic programmes and award degrees along with its two regional institutes. II. NCERT must ensure its courses conform to norms prescribed by the University Grants Commission and other statutory bodies. Which of the statements given above is/are correct?

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

  6. Question 6: Consider the following statements regarding India’s defence sector in FY 2025-26: I. India’s defence exports are increasingly driven by the DPSUs. II. India’s defence exports have expanded to more than 100 countries and increased nearly tenfold over the last five years. Which of the statements given above is/are correct?

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

  7. Question 7: With reference to the Global Burden of Disease Study 2023, consider the following statements: I. It is conducted by the Institute for Health Metrics and Evaluation (IHME). II. A majority of childhood cancer cases occur in low- and middle-income countries. III. Leukaemia’s and brain/CNS cancers contribute significantly to childhood cancer burden. Which of the statements given above is/are incorrect?

    • I and II only
    • II only
    • I, II and III only
    • None of the statements

  8. Question 8: Consider the following statements: I. The HSBC India Manufacturing PMI fell to its lowest level since June 2022 in March 2026. II. A PMI reading below 50 indicates expansion in manufacturing activity. III. The West Asian crisis contributed to increased input costs in India’s manufacturing sector. Which of the statements given above is/are correct?

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

  9. Question 9: Consider the following statements regarding Non-Deliverable Derivatives (NDDs): I. NDDs are often used for both hedging and speculative purposes. II. They are primarily traded in offshore financial centres. III. They are settled in a freely convertible currency like the US dollar. Which of the statements given above is/are correct?

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

  10. Question 10: Consider the following statements regarding the Foreign Contribution (Regulation) Amendment Bill, 2026: I. The amendment replaces the Union Government with a “designated authority” for FCRA-related decisions. II. It introduces provisions for automatic cancellation of licences under certain conditions. III. It completely removes the requirement of registration for NGOs receiving foreign funds Which of the statements given above is/are incorrect?

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