Quest Daily CA Quiz 08-04-2026

Quest Daily CA Quiz 08-04-2026

Test your knowledge with today's current affairs

  1. Question 1: Recently released ‘Indian Space Situational Assessment Report (ISSAR) 2025’ is prepared by which of the following?

    • Indian Space Research Organisation
    • Department of Space
    • Indian National Space Promotion and Authorisation Centre
    • NewSpace India Limited

  2. Question 2: With reference to the working paper ‘Land inequality in India: Nature, history, and markets’ released by the World Inequality Lab, consider the following statements: I. Nearly half of the rural households in India are landless, while the top 10% of households control more than 40% of the total land area. II. Among the major agricultural states, Punjab exhibits the highest level of landlessness, whereas Kerala recorded the highest Gini coefficient among all states. III. The study indicates that villages with higher agricultural suitability and better proximity to infrastructure tend to have lower land inequality. IV. Historical land tenure systems show a persistent impact, with former Zamindari areas showing higher land inequality compared to former Princely States. Which of the statements given above are correct?

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

  3. Question 3: With reference to the Conference of the Parties (COP), consider the following statements: I. The hosting of the COP rotates among the five recognised UN regional groups: Africa, Asia-Pacific, Eastern Europe, Latin America and the Caribbean (GRULAC), and Western Europe and Others (WEOG). II. India, having proposed hosting COP33 (2028) at COP28 in Dubai, has reportedly withdrawn its candidacy. III. India has hosted the annual COP climate summit twice since its inception. IV. COP32 is slated to be hosted by Ethiopia. How many of the statements given above are not correct?

    • Only one
    • Only two
    • Only three
    • All four

  4. Question 4: With reference to the recent excavations on Elephanta Island, consider the following statements: I. Archaeologists have discovered a 1,500-year-old T-shaped stepped reservoir built using stone blocks ferried from the mainland. II. The discovery of Mediterranean amphorae and West Asian torpedo jars proves the island was a major maritime trade hub. III. Numismatic evidence from the site has helped identify a historical link to the Kalachuri dynasty ruler Krishnaraja. Which of the statements given above are correct?

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

  5. Question 5: With reference to the recent directives of the Ministry of Environment, Forest and Climate Change (MoEFCC) regarding Hydrofluorocarbons (HFCs), consider the following statements: I. The Government has mandated a "freeze date” after which no fresh Environmental Clearances (EC) shall be granted for the creation of additional HFC production capacity after 2027. II. Ozone Depleting Substances (ODS) Rules, 2000, will be amended to prohibit the expansion of HFC capacity after the freeze date. III. Under the Montreal Protocol of 1989, India has committed to a four-stage phase-down of HFCs reaching an 85% cumulative reduction by the year 2047. IV. The Kigali Amendment was primarily established to phase out Ozone Depleting Substances (ODS) like Chlorofluorocarbons (CFCs), which India completely banned by 2010. Which of the statements given above are correct?

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

  6. Question 6: With reference to the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decision of April 2026, consider the following statements: I. The Monetary Policy Committee (MPC) has maintained the repo rate at 5.25% II. The RBI has revised its GDP growth projection for FY27 downward to 6.9%. III. The central bank has shifted its exchange rate policy from a market-determined mechanism to a fixed-band targeting system. IV. The RBI has forecasted headline retail inflation to average 4.6% in the current fiscal. How many of the statements given above are correct?

    • Only one
    • Only two
    • Only three
    • All four

  7. Question 7: Consider the following statements: Statement-I: The Union Cabinet has proposed to fast-track the implementation of 33% women’s reservation in the Lok Sabha and State Legislative Assemblies by delinking it from the completion of the upcoming decadal Census. Statement-II: The proposed Delimitation Bill aims to use 2011 Census data to increase the strength of the Lok Sabha by 50% while ensuring that the current proportion of seats among states remains the same. Which one of the following is correct in respect of the above statements?

    • Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
    • Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
    • Statement-I is correct but Statement-II is incorrect
    • Statement-I is incorrect but Statement-II is correct

  8. Question 8: Which Indian city hosted the G20 Summit in 2023?

    • Mumbai
    • New Delhi
    • Bengaluru
    • Hyderabad

  9. Question 9: Consider the following statements: I. It is an Old-World vulture in the family Accipitridae II. These are monogamous, and pairs return to the same nesting and roosting sites from year to year III. It is found along the Himalayas and the adjoining Tibetan region, and is also found in the Central Asian mountains IV. They are mentioned under Near Threatened in the IUCN Conservation status Identify the species described in the above statements:

    • White-rumped vulture
    • Slender-billed vulture
    • Red-headed vulture
    • Himalayan Griffon vulture

  10. Question 10: The Unified Payments Interface (UPI) processed how many transactions in 2023? \n india india ram and harish jkafkla kldfjslk I. 903490 II. jkdshf III. olsjidklj IV. jklsdfhksdjf

    • 50 billion
    • 75 billion
    • 100 billion
    • 125 billion

  11. Question 11: With reference to the Pradhan Mantri MUDRA Yojana, consider the following statements: I. It provides collateral-free loans to non-corporate, non-farm micro and small enterprises engaged in manufacturing, trading, services, and allied agricultural activities. II. Loans under the scheme are classified into four categories: Shishu, Kishor, Tarun, and Tarun Plus. III. The Tarun Plus category provides loans up to ₹10 lakh to first-time borrowers without any prior credit history. IV. The Micro Units Development and Refinance Agency Ltd. (MUDRA) directly lend loans to beneficiaries. V. A proportion of beneficiaries under the scheme are women and new entrepreneurs, contributing to financial inclusion. Which of the statements given above are correct?

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