Quest Daily CA Quiz 03-09-2025

2025-09-03

Test your knowledge with today's current affairs

1. Question 1: Consider the following statements with regards to Regulatory Assets: I. They are deferred costs created when the Average Cost of Supply (ACS) is higher than the Annual Revenue Requirement (ARR). II. They are shown as assets in the balance sheet. Which of the statements given above is/are correct?

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

2. Question 2: Consider the following pairs: Military Exercise Country Ex MAITREE - Sri Lanka Ex MITRA SHAKTI - Thailand Ex EKUVERIN - Maldives Which of the pairs given above is/are correctly matched?

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

3. Question 3: Recently seen in news, the BHARATI initiative is related to:

   • Promoting agri-food and agri-tech startups to strengthen India’s agricultural and processed food exports.
   • Enhancing India’s blue economy through research and innovation in deep-ocean resources.
   • Facilitating adoption of renewable energy technologies by MSMEs.
   • Building digital public infrastructure for open and interoperable health data systems.

4. Question 4: Consider the following statements with regards to the Coconut Development Board (CDB): I. It is a statutory body established under the Ministry of Commerce. II. Its headquarters is in Chennai. III. Its functions include fixing grades, specifications and standards for coconut and its products. How many of the statements given above are correct?

   • Only one
   • Only two
   • All three
   • None

5. Question 5: Which of the following are the impacts of La Niña in India? I. Deficient Monsoon Rainfall II. Below Normal Temperatures during Winter III. Increase in agricultural yields for rain-fed crops Select the answer using the code given below:

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