Quest Daily CA Quiz 04-04-2026
Test your knowledge with today's current affairs
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Question 1: Consider the following statements regarding the Multi-Hazard Early Warning Decision Support System (MHEW-DSS): I. It is developed by the India Meteorological Department using open-source technology. II. It has reduced forecast lead time from 7 days to 5 days. III. It integrates satellite and radar data for real-time analysis. Which of the statements given above is/are correct?
- I and II only
- II only
- I and III only
- I, II and III
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Question 2: Consider the following statements regarding IQAir World Air Quality Report 2025: I. India is ranked among the top five most polluted countries globally. II. PM2.5 levels in most Indian cities exceed limits set by the World Health Organization. III. Cities in the Indo-Gangetic Plain dominate global pollution rankings. Which of the statements given above is/are correct?
- I and II only
- II and III only
- I and III only
- I, II and III
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Question 3: With reference to international trade policy, an ad valorem tariff is most accurately defined as:
- A fixed monetary charge imposed on each unit of imported goods regardless of value
- A tariff calculated as a percentage of the assessed value of imported goods
- A financial subsidy provided to domestic exporters to enhance competitiveness
- A tax levied exclusively on domestically produced goods to discourage imports
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Question 4: Consider the following statements regarding recent amendments to the Insolvency and Bankruptcy Code (IBC): I. The amendments introduce a Creditor-Initiated Insolvency Resolution Process (CIIRP) allowing out-of-court initiation by specified financial creditors. II. The amendments restrict the grounds on which the National Company Law Tribunal (NCLT) can reject insolvency applications. Which of the statements given above is/are correct?
- I only
- II Only
- Both I and II
- Neither I nor II
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Question 5: Consider the following statements regarding risk resilience in Indian agriculture: I. Income support to farmers is provided through Pradhan Mantri Fasal Bima Yojana. II. Crop insurance coverage is provided under Pradhan Mantri Kisan Samman Nidhi. Which of the statements given above is/are correct?
- I only
- II only
- Both I and II
- Neither I nor II
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Question 6: Which of the following best explains the term “nuclear-capable state”?
- A country that has tested nuclear weapons
- A country that possesses deployed nuclear warheads
- A country that has the technical ability to build nuclear weapons but may not have assembled one
- A country that imports nuclear weapons
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Question 7: Consider the following statements regarding the Jan Vishwas (Amendment of Provisions) Bill, 2026: I. The Bill introduces a graded enforcement mechanism including warnings and penalties. II. It establishes adjudicating officers to reduce the burden on courts. III. It removes all penalties related to municipal violations. Which of the given above is/are correct?
- I and II only
- II only
- I and III only
- I, II and III
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Question 8: With reference to SSBNs (Ship Submersible Ballistic Nuclear), consider the following statements: I. They are designed to carry nuclear-tipped ballistic missiles. II. They ensure second-strike capability. III. INS Arihant , INS Aridhaman, INS Ariadne are Indian SSBN’s. Which of the statements given above is/are correct?
- I and II only
- II and III only
- I and III only
- I, II and III
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Question 9: With reference to places in different countries, Consider the following pairs: List I (Place) List II (Country) A. Baku 1. Iran B. Lagos 2. Nigeria C. Isfahan 3. Azerbaijan Choose the correct options
- A–3, B–1, C–2
- A–1, B–2, C–3
- A–1, B–3, C–2
- A–3, B–2, C–1
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Question 10: Consider the following organizations founded by Babu Jagjivan Ram: I. Akhil Bharatiya Ravidas Mahasabha II. All India Depressed Classes League III. Servants of India Society Which of the given above is/are correct?
- I and II only
- II only
- I and III only
- I, II and III