Suppose headline CPI inflation remains moderate, but inflation excluding food, fuel and other volatile components remains persistently elevated. In such a situation, which of the following would be the most appropriate response by the Reserve Bank of India?

Adopt a cautious approach towards monetary easing

Reduce policy rates to support aggregate demand

Maintain the existing policy stance for longer

Place greater emphasis on fiscal measures for inflation

Consider the following statements about the Election Commission of India: Statement I: The Election Commission functions as an administrative department subordinate to the Union executive. Statement-II: Under the Chief Election Commissioner and Other Election Commissioners Act, 2023, the selection committee for India's Chief Election Commissioner and Election Commissioners consists of the Prime Minister as Chairperson, the Leader of the Opposition in the Lok Sabha, and a Union Cabinet Minister nominated by the Prime Minister. Which one of the following is correct with respect to 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, but 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

Consider the following statements regarding alien species: Statement-I: The introduction of an alien species into a new ecosystem does not necessarily make it an invasive species. Statement-II: An alien species may fail to establish a self-sustaining population in the introduced ecosystem. Statement-III: Maize, originally domesticated in the Americas, is now widely cultivated in India without being considered an invasive alien species. Which one of the following is correct with respect to 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

With reference to Pradhan Mantri Awas Yojana–Urban 2.0 (PMAY-U 2.0), which one of the following is NOT one of its four verticals?

Affordable Housing in Partnership

With reference to epigenetic modifications, consider the following statements: 1. Epigenetic modification can alter gene expression without changing the underlying DNA sequence. 2. DNA methylation generally involves the attachment of a methyl group to cytosine. 3. Epigenetic modifications are permanent, like mutations once established. 4. Epigenetic patterns can differ between different tissues of the same organism. 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.

In the context of industrial heat electrification, the term “pinch analysis” is primarily associated with which one of the following?

Identifying suitable locations for renewable energy generation facilities

Identifying opportunities for heat recovery within industrial processes

Estimating the carbon emissions associated with industrial fuel consumption

Assessing the financial feasibility of renewable energy procurement projects

Quest Daily CA Quiz 10-08-2026

2026-08-10

Test your knowledge with daily current affairs

Question 1: With reference to BioE3, recently mentioned in the context of India's biotechnology ecosystem, consider the following statements: 1. BioE3 stands for Biotechnology for Economy, Environment and Employment. 2. It seeks to promote biotechnology-based innovation while addressing environmental sustainability. 3. It is an initiative of the Council of Scientific and Industrial Research (CSIR). 4. It is primarily concerned with regulating genetically modified crops in India. How many of the above statements is/are correct?
- 1
- 2
- 3
- 4
Question 2: Consider the following situations: 1. Two competing automobile manufacturers agree to fix the prices of their vehicles and limit production in order to maintain their profit margins. 2. A dominant online marketplace imposes unfair conditions on sellers and gives preferential treatment to its own products over competing products. 3. Two major pharmaceutical companies propose a merger that may substantially reduce competition in the market for a particular category of medicines. 4. A government department introduces a licensing requirement for a particular industry, and an enterprise challenges the policy on the ground that it creates excessive regulatory barriers to entry. In which of the above situations can the Competition Commission of India (CCI) exercise jurisdiction under the Competition Act, 2002?
- 1 and 2 only
- 1,2 and 3
- 2,3 and 4
- 1,2,3and 4
Question 3: With reference to the Development Action Plan for Scheduled Castes (DAPSC), consider the following statements: 1. DAPSC was earlier known as the Scheduled Caste Sub-Plan (SCSP). 2. All Ministries and Departments of the Government of India are obligated to earmark funds under DAPSC. Which of the above given statements is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Question 4: Suppose headline CPI inflation remains moderate, but inflation excluding food, fuel and other volatile components remains persistently elevated. In such a situation, which of the following would be the most appropriate response by the Reserve Bank of India?
- Adopt a cautious approach towards monetary easing
- Reduce policy rates to support aggregate demand
- Maintain the existing policy stance for longer
- Place greater emphasis on fiscal measures for inflation
Question 5: Consider the following statements about the Election Commission of India: Statement I: The Election Commission functions as an administrative department subordinate to the Union executive. Statement-II: Under the Chief Election Commissioner and Other Election Commissioners Act, 2023, the selection committee for India's Chief Election Commissioner and Election Commissioners consists of the Prime Minister as Chairperson, the Leader of the Opposition in the Lok Sabha, and a Union Cabinet Minister nominated by the Prime Minister. Which one of the following is correct with respect to 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, but 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
Question 6: Consider the following statements regarding alien species: Statement-I: The introduction of an alien species into a new ecosystem does not necessarily make it an invasive species. Statement-II: An alien species may fail to establish a self-sustaining population in the introduced ecosystem. Statement-III: Maize, originally domesticated in the Americas, is now widely cultivated in India without being considered an invasive alien species. Which one of the following is correct with respect to 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
Question 7: Consider the following statements regarding FDI in India: 1. FDI can enter India through the automatic route in sectors where such route is permitted. 2. Certain FDI proposals may require approval from the Government. 3. The CCEA approval threshold refers to the total value of every FDI proposal entering India. Which of the statements given above is/are correct?
- 1 and 2 only
- 2 only
- 1 and 3 only
- 1,2 and 3
Question 8: With reference to Pradhan Mantri Awas Yojana–Urban 2.0 (PMAY-U 2.0), which one of the following is NOT one of its four verticals?
- Beneficiary Led Construction
- Affordable Housing in Partnership
- Affordable Rental Housing
- In-Situ Slum Redevelopment
Question 9: With reference to epigenetic modifications, consider the following statements: 1. Epigenetic modification can alter gene expression without changing the underlying DNA sequence. 2. DNA methylation generally involves the attachment of a methyl group to cytosine. 3. Epigenetic modifications are permanent, like mutations once established. 4. Epigenetic patterns can differ between different tissues of the same organism. 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 10: In the context of industrial heat electrification, the term “pinch analysis” is primarily associated with which one of the following?
- Identifying suitable locations for renewable energy generation facilities
- Identifying opportunities for heat recovery within industrial processes
- Estimating the carbon emissions associated with industrial fuel consumption
- Assessing the financial feasibility of renewable energy procurement projects

Quest Daily CA Quiz 10-08-2026

Question 4: Suppose headline CPI inflation remains moderate, but inflation excluding food, fuel and other volatile components remains persistently elevated. In such a situation, which of the following would be the most appropriate response by the Reserve Bank of India?

Question 8: With reference to Pradhan Mantri Awas Yojana–Urban 2.0 (PMAY-U 2.0), which one of the following is NOT one of its four verticals?

Question 10: In the context of industrial heat electrification, the term “pinch analysis” is primarily associated with which one of the following?