Quest Daily CA Quiz 11-03-2026

Quest Daily CA Quiz 11-03-2026

Test your knowledge with today's current affairs

  1. Question 1: Which of the following states and Union territories (UTs): I. Goa II. Chandigarh III. Tripura IV. Mizoram V. Ladakh VI. Himachal Pradesh How many of the above states and/or UTs have attained fully literate status under the ULLAS-Nav Bharat Saaksharta Karyakram?

    • Only three
    • Only four
    • Only Five
    • All the six

  2. Question 2: Consider the following statements regarding the Essential Commodities Act: I. The law prevents hoarding, profiteering and artificial shortages during wars, natural disasters or supply disruptions. II. Food grains, natural gas, coal, drugs, fertilisers and petroleum products are included under this act III. The Act empowers the state governments to restrict the production and refining of a commodity. Which of the statements given above is/are correct?

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

  3. Question 3: Consider the following statements: Statement I: India relaxed Press Note 3 rules, allowing land-border country investors to hold up to 10% in Indian companies without detailed security screening, if they do not seek management control or board seats. Statement II: The Press Note 3 rules were introduced during the COVID-19 pandemic to regulate investments from neighbouring countries due to concerns over opportunistic takeovers of Indian companies. Statement III: India’s trade deficit with China crossed $99 billion in FY25, despite relatively modest Chinese FDI inflows into India. 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

  4. Question 4: Consider the following statements regarding India’s fiscal federal landscape in the context of the Sixteenth Finance Commission of India: I. The Union Government accepted the recommendation to retain the States’ share in the divisible pool at 41%. II. The Commission recommended continuation of revenue deficit grants and State-specific grants to support fiscally stressed States. III. The horizontal devolution formula replaced the tax and fiscal effort criterion with a “contribution to GDP” criterion, giving higher weight to economic size. IV. Cesses and surcharges collected by the Union are included in the divisible pool and shared with States. Which of the statements given above are correct?

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

  5. Question 5: Consider the following statements: I. The Speaker of the Lok Sabha continues in office after the dissolution of the House until just before the first meeting of the newly elected House. II. The Speaker may be removed by a resolution of the Lok Sabha passed with a majority of all the then members, with at least fourteen days’ prior notice. III. The procedure for the removal of the speaker of Lok sabha is mentioned under Article 94(c) of the Indian Constitution. How many of the statements given above are correct?

    • Only one
    • Only two
    • All the three
    • None

  6. Question 6: Consider the following statements: Statement I: Implementation of a Uniform Civil Code would require Parliament to enact uniform civil laws for all citizens, replacing religion-based personal laws on marriage, divorce and inheritance. Statement II: Article 44 of the Constitution of India directs the State to endeavour to secure a Uniform Civil Code for citizens throughout the territory of India. 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, 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

  7. Question 7: Identify the incorrect statement about the Internet Corporation for Assigned Names and Numbers (ICANN):

    • It helps coordinate unique identifiers such as Internet domain names and numerical addresses to ensure the stable functioning of the global Internet.
    • It was established in 1998 as a nonprofit public benefit corporation with global community participation.
    • It functions as a specialised agency of the United Nations responsible for regulating Internet governance worldwide.
    • None of the above

  8. Question 8: The Pradhan Mantri Garib Kalyan Anna Yojana, which was recently seen in the news, was implemented under the framework of:

    • National Food Security Act, 2013
    • Deendayal Antyodaya Yojana – National Rural Livelihoods Mission
    • National Food Security and Nutrition Mission (NFSNM)
    • Mission POSHAN 2.0