Quest Daily CA Quiz 07-08-2025

Quest Daily CA Quiz 07-08-2025

Test your knowledge with today's current affairs

  1. Question 1: Consider the following statements: Statement I: Marginal Standing Facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. Statement II: The MSF rate is set below the repo rate to ensure cheaper emergency funding for banks during liquidity crunches. Which one of the following is correct in respect of the above statements?

    • Both Statement I and Statement II are correct and Statement II explains Statement I
    • Both Statement I and Statement II are correct, but Statement II does not explain Statement I
    • Statement I is correct, but Statement II is incorrect
    • Statement I is incorrect, but Statement II is correct

  2. Question 2: Which of the following are the benefits of Green Ammonia? I. It helps reduce dependence on fossil fuels and lowers greenhouse gas emissions. II. It serves as an efficient hydrogen carrier due to its easier liquefaction and transport. III. It eliminates the need for renewable energy deployment in hydrogen production. Select the correct answer using the code given below:

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

  3. Question 3: The International Regulatory Cooperation for Herbal Medicines (IRCH) was established by which of the following organization?

    • Centers For Disease Control and Prevention
    • Food and Agriculture Organization (FAO)
    • World Health Organization (WHO)
    • International Plant Protection Convention (IPPC)

  4. Question 4: The Hague-Visby Rules are related to which of the following?

    • International air passenger liability
    • Global banking transaction standards
    • Carriage of goods by sea
    • Cross-border cybercrime regulation

  5. Question 5: Consider the following statements: Statement I: The decline of starfish populations led to an explosion in sea urchin numbers. Statement II: Starfish feed on sea urchins and regulate their population in marine ecosystems. Statement III: The explosion of sea urchin populations improved the health of kelp forests, which support marine biodiversity and act as carbon sinks. Which one of the following is correct in respect of the above statements?

    • Both Statement II and Statement III are correct and both of them explain Statement I
    • Both Statement II and Statement III are correct but only one of them explains Statement I
    • Only one of the Statements II and III is correct and that explains Statement I
    • Neither Statement II nor Statement III is correct