Quest Daily CA Quiz 12-09-2026

Quest Daily CA Quiz 12-09-2026

Test your knowledge with daily current affairs

  1. Question 1: Consider the following statements regarding Orangutans: 1. Orangutans are native to and occur naturally in India. 2. They are classified as Endangered on the IUCN Red List. 3. The well being of these species is coordinated under the framework of the Ramsar Convention on Wetlands. How many of the above statements are correct?

    • Only one
    • Only two
    • All three
    • None

  2. Question 2: Consider the following statements regarding India's foreign exchange reserves: 1. India's forex reserves crossed US$785 billion for the first time in September 2026. 2. The surge was driven primarily by inflows under the Reserve Bank of India's special Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit scheme. 3. With this increase, India overtook China and Japan to become the world's second-largest holder of foreign exchange reserves. Which of the following conclusions based on the above statements is correct?

    • All three statements are correct.
    • There are two correct statements, including statement 1.
    • There is only one correct statement
    • There is no correct statement

  3. Question 3: Based on the following information, identify the water body that was recently in the news: 1. It is bordered by Russia, Ukraine, Georgia, Turkey, Bulgaria and Romania. 2. It connects to the Mediterranean Sea through the Bosphorus Strait, the Sea of Marmara and the Dardanelles Strait. 3. It is linked to a smaller, shallower sea lying to its north through the Kerch Strait. 4. Since 2022, it has repeatedly witnessed missile and drone strikes on shipping and port infrastructure amid the ongoing Russia–Ukraine conflict. Which one of the following is being described above?

    • Caspian Sea
    • Black sea
    • Sea of Azov
    • Aegean sea

  4. Question 4: Consider the following statements regarding the New Development Bank (NDB): 1. It was established by the five founding BRICS members - Brazil, Russia, India, China and South Africa - with its headquarters at Shanghai. 2. Each of its five founding members holds equal voting power in the Bank, in contrast to the shareholding-weighted voting structures of the World Bank and the Asian Development Bank (ADB). 3. The Contingent Reserve Arrangement (CRA), a companion mechanism set up alongside the NDB, has been activated multiple times by member countries facing balance-of-payments pressures. Which of the statements given above are correct?

    • 1 and 2 only
    • 1 and 3 only
    • 2 and 3 only
    • 1,2and 3 only

  5. Question 5: Consider the following statements regarding the Consumer Protection (E-Commerce) (Amendment) Rules, 2026: 1. They have been notified under the Consumer Protection Act, 2019, by amending the Consumer Protection (E-Commerce) Rules, 2020. 2. They mandate that any discount displayed on an e-commerce platform must be benchmarked against the lowest price at which the product was offered during the preceding 30 days. Which of the statements given above is/are correct?

    • 1 only
    • 2 only
    • Both 1and 2
    • Neither 1 nor 2

  6. Question 6: Which one of the following statements regarding the Food Safety and Standards Authority of India (FSSAI) is NOT correct?

    • FSSAI was established under the Food Safety and Standards Act, 2006, and was formally constituted through a notification issued in September 2008.
    • It functions as an autonomous statutory body under the administrative control of the Ministry of Health and Family Welfare.
    • The Food Authority consists of a Chairperson and members, of whom at least one-third are required to be women.
    • FSSAI is empowered to notify Acts of Parliament and its regulatory orders can override directions issued by the Supreme Court

  7. Question 7: Consider the following statements regarding Bakhira Lake, recently in the news: 1. It is located in Sant Kabir Nagar district, Uttar Pradesh, within the Ghaghara-Rapti alluvial system. 2. It is a perennial oxbow/floodplain wetland, formed by the migration and subsequent cut-off of the Rapti River. 3. It has been designated a Wetland of International Importance under the Ramsar Convention. 4. Analysis of its sediments has reconstructed nearly 2,50,000 years of Indian Summer Monsoon variability, dated primarily using the Optically Stimulated Luminescence (OSL) technique. Which of the statements given above are correct?

    • 1,2 and 3
    • 1,3 and 4
    • 2,3 and 4
    • 1,2,3 and 4

  8. Question 8: Consider the following statements: Statement I: India addressed the first International Space Summit, held at the Grand Palais in Paris in September 2026, stating that India's space programme is guided by the philosophy of 'VasudhaivaKutumbakam' (One Earth, One Family, One Future). Statement II: The International Space Summit was jointly organised by ISRO and the French space agency CNES as a bilateral India–France initiative. Which one of the following is correct in respect of the above two statements?

    • Both Statement I and Statement II are correct, and Statement II is the correct explanation of Statement I
    • Both Statement I and Statement II are correct, but Statement II is not the correct explanation of Statement I
    • Statement I is correct, but Statement II is incorrect
    • Statement I is incorrect, but Statement II is correct

  9. Question 9: Consider the following pairs of India's bilateral naval exercises and the countries with which they are conducted: Exercise : Partner Country 1. Samudra Laksamana : Malaysia 2. Varuna : France 3. Konkan : Australia How many of the above pairs are correctly matched?

    • Only one pair
    • Only two pairs
    • All three pair
    • None

  10. Question 10: Which one of the following statements regarding the Small Hydro Power (SHP) Development Scheme (FY 2026-27 to FY 2030-31) is correct?

    • It provides Central Financial Assistance for hydro power projects with installed capacity between 25 MW and 100 MW.
    • It has been approved to install about 1,500 MW of new capacity.
    • It is implemented by the Ministry of Power, as small hydro projects fall outside the mandate of the Ministry of New and Renewable Energy.
    • It provides a uniform rate of Central Financial Assistance across all states, with no additional support for North Eastern States or international border districts.