Quest Daily CA Quiz 06-12-2025

Quest Daily CA Quiz 06-12-2025

Test your knowledge with today's current affairs

  1. Question 1: With reference to the monetary policy instruments, consider the following statements: I. The Liquidity Adjustment Facility (LAF) includes both Repo and Reverse Repo operations. II. An increase in the Repo Rate typically incentivizes banks to park their funds with the RBI. III. An increase in the Bank Rate generally leads to a decrease in market interest rates. How many of the statements given above is/are correct?

    • Only one
    • Only two
    • All three
    • None

  2. Question 2: Consider the following statements regarding tools of Monetary policy: I. Repo operations inject liquidity into the banking system, whereas Reverse Repo operations absorb liquidity. II. Increasing both the Repo Rate and the Reverse Repo Rate is used to control a decreasing rate of inflation. III. Banks can borrow beyond their SLR requirement through the Marginal Standing Facility (MSF). IV. Open Market Operations (OMOs) conducted by the SEBI can influence liquidity in the economy. How many of the statements given above is/are incorrect?

    • Only one
    • Only two
    • All three
    • None

  3. Question 3: With reference to India’s engagement with the Arctic region, consider the following statements: I. India’s engagement with the Arctic began with the signing of the Svalbard Treaty in 1920. II. One of the reasons for India’s interest in the Arctic region is the opportunity to trade via the Northern Sea Route. III. In 2007, India launched its first scientific expedition to the Arctic and established Himadri, its first Arctic research station in Svalbard. IV. Thirteen nations are observers in the Arctic Council, and India is not among them as it lies outside the Arctic Circle. V. The Svalbard Global Seed Vault is located on the island of Spitsbergen. Select the correct answer using the code given below.

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

  4. Question 4: Recently, Russia approved the Reciprocal Exchange of Logistics (RELOS) Agreement with India. What is the importance of this agreement?

    • Indian Navy ships and aircraft will have enhanced access to Russian naval bases for logistic support.
    • It enables both countries to use each other’s military facilities for refuelling, replenishment and maintenance during deployments.
    • It strengthens India’s operational reach in the Arctic region and the Far East, where Russia has significant military infrastructure.
    • All the above

  5. Question 5: With respect to the Health Security se National Security Cess Bill, 2025, consider the following statements: I. Introduced as a money Bill, the Health security se National security Cess Bill, 2025 need only be passed by the Lok Sabha. II. The cess is designed to replace the GST compensation cess on specific “sin goods.” III. The cess is calculated based on the actual output. Select the correct answer using the code given below.

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