Consider the following statements regarding climate change: 1. Climate risk is defined as the functional interaction of hazard, exposure and vulnerability. 2. The WMO's Global Annual to Decadal Climate Update projects roughly a 70% chance that the five-year average global temperature for 2025–2029 will exceed 1.5°C above the 1850–1900 baseline. 3. An increase in the physical risk of climate change reduces the transition risk faced by financial institutions. Which one of the following conclusions based on the above statements is correct?

All the three statements are correct.

There are two correct statements, including statement 2.

There is only one correct statement.

Consider the following statements regarding the Food and Agriculture Organisation (FAO): 1. FAO is a specialised agency of the United Nations. 2. Its headquarters is located in Rome, Italy. 3. It releases the Food Price Index annually. Which of the following conclusions, based on the above statements, is correct?

All the three statements are correct.

There are two correct statements, including statement 2.

There is only one correct statement.

Consider the following statements regarding the maritime zones under UNCLOS: 1. The territorial sea extends up to 12 nautical miles from the baseline and is subject to the sovereignty of the coastal State. 2. The Exclusive Economic Zone may extend up to 200 nautical miles from the baseline, within which the coastal State has sovereign rights over natural resources. 3. The EEZ is legally equivalent to the territorial sea because the coastal State possesses complete sovereignty over the entire water column. 4. The continental shelf may, subject to UNCLOS conditions, extend beyond 200 nautical miles. Which one of the following conclusions based on the above statements is correct?

There are four correct statements.

There is only one incorrect statement, that is statement 3.

There are two correct statements, that include statement 1.

A 16-year-old boy is employed at a family-run jewellery workshop to polish gemstones using power-driven machinery, a hazardous process. His family argues that this is permissible since he is assisting in a family enterprise after school hours. 'X' stated that children above 14 years may work in a family enterprise and, therefore, the boy's employment is permissible. 'Y' argued that adolescents between 14 and 18 years are prohibited from working in hazardous occupations or processes, and the family-enterprise exception does not override this prohibition. Based on the above, select the correct conclusion from the options given below:

'X' is correct because the family-enterprise exception permits adolescents to undertake hazardous processes.

'Y' is correct because adolescents are prohibited from working in hazardous occupations or processes, notwithstanding the family-enterprise exception.

The views of both 'X' and 'Y' are correct.

The view of neither 'X' nor 'Y' is correct.

Quest Daily CA Quiz 05-09-2026

2026-09-05

Test your knowledge with daily current affairs

Question 1: Consider the following statements regarding the Legal Metrology (Indian Standard Time) Rules, 2026 : 1. The rules mandate Indian Standard Time (IST) as the single legal, commercial, and administrative time reference for digital and official infrastructure across India. 2. The CSIR-National Physical Laboratory (CSIR-NPL) maintains the primary national atomic time scale and keeps IST traceable to Coordinated Universal Time (UTC). 3. The Department of Consumer Affairs handles the regulatory framework and enforcement oversight under these rules. How many of the above statements are correct?
- Only one
- Only two
- All three
- None
Question 2: Consider the following statements regarding 'BIO-NIVESH', recently launched by the Government of India: 1. It has been launched by the Department of Biotechnology (DBT) in collaboration with BIRAC. 2. It is a dedicated venture capital fund that directly disburses seed capital to biotechnology startups. 3. It follows a "Whole of Government plus Whole of Nation" approach. 4. Its stated objective is to strengthen engagement between biotechnology innovators and the private investment community for scale-up and commercialisation. Which of the above statements are correct?
- 2,3 and 4
- 1 and 2 only
- 1,3 and 4 only
- 1, 2, 3 and 4
Question 3: Consider the following statements regarding the plenary powers of the Supreme Court of India under Article 142 of the Constitution: 1. Decrees or orders passed by the Supreme Court under Article 142 are enforceable throughout the territory of India in such manner as prescribed by or under any law made by Parliament. 2. The Supreme Court cannot exercise its jurisdiction under Article 142 to override express statutory provisions of substantive law created by Parliament. Which of the above given statements is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Question 4: Consider the following statements regarding climate change: 1. Climate risk is defined as the functional interaction of hazard, exposure and vulnerability. 2. The WMO's Global Annual to Decadal Climate Update projects roughly a 70% chance that the five-year average global temperature for 2025–2029 will exceed 1.5°C above the 1850–1900 baseline. 3. An increase in the physical risk of climate change reduces the transition risk faced by financial institutions. Which one of the following conclusions based on the above statements is correct?
- All the three statements are correct.
- There are two correct statements, including statement 2.
- There is only one correct statement.
- There is no correct statement
Question 5: Consider the following statements regarding the Food and Agriculture Organisation (FAO): 1. FAO is a specialised agency of the United Nations. 2. Its headquarters is located in Rome, Italy. 3. It releases the Food Price Index annually. Which of the following conclusions, based on the above statements, is correct?
- All the three statements are correct.
- There are two correct statements, including statement 2.
- There is only one correct statement.
- There is no correct statement
Question 6: With reference to India's foreign exchange reserves, consider the following: 1. Foreign Currency Assets 2. Gold reserves 3. Special Drawing Rights 4. Reserve Tranche Position in the IMF 5. External Commercial Borrowings Which of the above constitute components of India's foreign exchange reserves?
- 1, 2 and 3 only
- 1, 2, 3 and 4 only
- 2, 3, 4 and 5 only
- 1, 2, 3, 4 and 5
Question 7: Consider the following statements regarding 'Bioprospecting' and its international regulatory framework: 1. Bioprospecting refers to the systematic search for, and exploitation of, valuable genetic resources and biological compounds from natural sources for commercial development. 2. The Nagoya Protocol provides a legally binding international framework focused on fair and equitable sharing of benefits arising from the utilisation of genetic resources. 3. Under India's Biological Diversity Act, access to biological resources by foreign entities requires prior approval from the National Biodiversity Authority (NBA). Which of the statements given above are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1,2 and 3
Question 8: Consider the following statements regarding the maritime zones under UNCLOS: 1. The territorial sea extends up to 12 nautical miles from the baseline and is subject to the sovereignty of the coastal State. 2. The Exclusive Economic Zone may extend up to 200 nautical miles from the baseline, within which the coastal State has sovereign rights over natural resources. 3. The EEZ is legally equivalent to the territorial sea because the coastal State possesses complete sovereignty over the entire water column. 4. The continental shelf may, subject to UNCLOS conditions, extend beyond 200 nautical miles. Which one of the following conclusions based on the above statements is correct?
- There are four correct statements.
- There is only one incorrect statement, that is statement 3.
- There are two correct statements, that include statement 1.
- There is no correct statement.
Question 9: A 16-year-old boy is employed at a family-run jewellery workshop to polish gemstones using power-driven machinery, a hazardous process. His family argues that this is permissible since he is assisting in a family enterprise after school hours. 'X' stated that children above 14 years may work in a family enterprise and, therefore, the boy's employment is permissible. 'Y' argued that adolescents between 14 and 18 years are prohibited from working in hazardous occupations or processes, and the family-enterprise exception does not override this prohibition. Based on the above, select the correct conclusion from the options given below:
- 'X' is correct because the family-enterprise exception permits adolescents to undertake hazardous processes.
- 'Y' is correct because adolescents are prohibited from working in hazardous occupations or processes, notwithstanding the family-enterprise exception.
- The views of both 'X' and 'Y' are correct.
- The view of neither 'X' nor 'Y' is correct.
Question 10: Consider the following pairs regarding mechanisms under Bilateral Investment Treaties (BITs) and their legal significance: Mechanism / Clause Primary Legal Objective 1. Exhaustion of Local Remedies (ELR) Requires an investor to pursue domestic judicial remedies for a specified period before initiating international arbitration. 2. Most-Favoured-Nation (MFN) Clause Guarantees that foreign investors receive treatment no less favourable than domestic national investors in similar circumstances. 3. Investor-State Dispute Settlement (ISDS) An international arbitration mechanism allowing foreign investors to sue host governments directly. How many of the pairs given above are correctly matched?
- Only one pair
- Only two pair
- All three pairs
- None of the pairs