Quest Daily CA Quiz 14-02-2026

Quest Daily CA Quiz 14-02-2026

Test your knowledge with today's current affairs

  1. Question 1: The term ‘Unified Access Service Licences’ is sometimes in news is associated with

    • Aviation Sector
    • Telecom sector
    • Banking Sector
    • Broadcasting including OTT services

  2. Question 2: Consider the following statements: Statement I: “Medical Shabd Sindhu” aims to translate standard English medical terms into vernacular languages under the National Education Policy, 2020 Statement II: Department of Official Language under the Union Ministry of Home Affairs is the implementing agency. Statement III: Uttarpradesh became the first state in the country to provide MBBS in the Hindi language. 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

  3. Question 3: Consider the following Statements about PM RAHAT: I. The initiative provides cashless treatment to road accident victims with coverage up to Rs 5 lakhs. II. Minitry of Road Transport and Highways is the nodal ministry for the scheme III. It operates through a technology driven Electronic Detailed Accident Report (eDAR) platform Select the correct answer from the codes given below:

    • I and III Only
    • III Only
    • II Only
    • I and II only

  4. Question 4: Consider the following statements with reference to the latest edition of “Trade Watch Quarterly” (Q2 FY 2025–26) released by NITI Aayog: I. The thematic focus of the edition is India’s electronics trade, examining export patterns and participation in global electronics value chains. II. During Q2 FY26, India’s merchandise and services imports grew faster than exports amid global uncertainty. III. Electronics has emerged as the second-largest item in India’s export basket, with exports increasing nearly fivefold between 2016 and 2024. IV. The Union Budget has allocated ₹40,000 crore under the Electronics Components Manufacturing Scheme to strengthen domestic component manufacturing. Which of the statements given above are correct?

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

  5. Question 5: With reference to Indian classical music Dhrupad, consider the following statements: I. The alap is characterised by a slow, pulse-free elaboration of the raga, generally rendered without lyrical text and using stylised syllables. II. The dhrupad section consists of devotional compositions, usually in Sanskrit or Braj Bhasha. Which of the statements given above is/are not correct?

    • I only
    • II only
    • Both I and II
    • Neither I nor II

  6. Question 6: Consider the following statements: Statement I: Black holes are regions in space where gravity is so intense that nothing, not even light, can escape from them. Statement II: Black holes are formed only when low-mass stars like the Sun exhaust their nuclear fuel and become white dwarfs. Statement III: The boundary surrounding a black hole, beyond which nothing can escape is known as the event horizon. 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

  7. Question 7: Consider the following statements regarding the tax proposals under Union Budget 2026–27: I. The New Income Tax Act, 2025, proposed a rule-based automated system for lower TDS certificates for small taxpayer. II. Dividend income received by a notified national cooperative federation from investments made up to 31 January 2026 will be permanently exempt from income tax. III. Software development services, IT-enabled services, knowledge process outsourcing services, and contract R&D relating to software are to be clubbed under a single category of Information Technology Services. IV. Foreign companies providing cloud services globally using data centre services from India are proposed to be granted a tax holiday till 2047, and non-residents paying tax on a presumptive basis are proposed to be exempt from Minimum Alternate Tax (MAT). Which of the statements given above are correct?

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

  8. Question 8: With reference to the Union Budget 2026–27, consider the following statements: I. In BE 2026–27, Gross Tax Revenue (GTR) is estimated at ₹44.04 lakh crore, with Direct Taxes contributing more than 60 per cent of the GTR and the GTR–GDP ratio estimated at above 11 per cent. II. The total expenditure in BE 2026–27 is projected at ₹53.47 lakh crore, with effective capital expenditure estimated at 4.4 per cent of GDP, including Grants-in-aid for creation of capital assets. III. The fiscal strategy for 2026–27 targets a fiscal deficit of 5.6 per cent of GDP and aims to reduce the debt–GDP ratio to 50 per cent in the same financial year. How many of the above statements are correct?

    • Only one
    • Only Two
    • All the Three
    • None

  9. Question 9: Consider the following statements regarding the contributions of Sarojini Naidu to the Indian freedom struggle: I. She was the first Indian woman to become the President of the Indian National Congress. II. She played an active role in the Civil Disobedience Movement and was arrested during the Salt Satyagraha. III. After Independence, she became the first woman Governor of an Indian State. How many of the above statements are correct?

    • Only one
    • Only Two
    • All the Three
    • None

  10. Question 10: Consider the following statements regarding Union Budget 2026–27 and Rural Transformation: I. Union Budget allocations for Rural Development increased over 211 per cent during the last decade. II. The Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) provides a legal entitlement of 125 days of unskilled wage employment per rural household annually and has been allocated ₹95,692.31 crore in 2026–27. III. Budgetary allocation for the Pradhan Mantri Awaas Yojana-Gramin declined in 2026–27 compared to 2016–17, indicating a reduced emphasis on rural housing. IV. The Revamped Rashtriya Gram Swaraj Abhiyan (RGSA) received ₹1,142 crore in the Union Budget 2026–27 to strengthen Panchayati Raj Institutions through capacity building and e-governance reforms. Which of the statements given above are correct?

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