Quest Daily CA Quiz 14-05-2026

Quest Daily CA Quiz 14-05-2026

Quest Daily CA Quiz 14-05-2026 current affairs quiz with exam-focused practice from Sarat Chandra Academy.

  1. Question 1: Consider the following statements: I. The Central Bureau of Investigation (CBI) is a statutory body. II. The CBI was established on the recommendations of the Santhanam Committee. III. The tenure of the CBI Director can be extended for up to five years, with one-year extensions at a time. Which of the statements given above are correct?

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

  2. Question 2: Consider the following pairs with respect to the Proposed Sanctuaries of Great Nicobar Island (GNI): Sanctuary Island I. Leatherback Turtle Sanctuary Meroe Island II. Megapode Sanctuary Little Nicobar Island III. Coral Sanctuary Menchal Island How many of the above pairs are correctly matched?

    • Only one
    • Only two
    • All three
    • None

  3. Question 3: In the context of international organizations, consider the following statements: I. The World Food Programme (WFP) relies entirely on mandatory contributions from all United Nations member states. II. The WFP is governed by an Executive Board and is headquartered in Rome, Italy. III. The Global Report on Food Crisis is an annual report released by the World Food Programme. IV. The Executive Director of the WFP is appointed solely by the United Nations Secretary-General. Which of the statements given above are correct?

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

  4. Question 4: Consider the following consequences: I. Increased incentivization of grey-market smuggling. II. Loss of international price edge for domestic jewellery exporters. III. Severe working capital liquidity crunch for MSMEs. How many of the above are the expected direct outcomes of high customs duties and bank guarantee mandates on gold imports in India?

    • Only one
    • Only two
    • All three
    • None

  5. Question 5: Consider the following statements regarding the Scheme for Promotion of Surface Coal/Lignite Gasification Projects: I. The scheme provides financial support to convert coal or lignite into Synthesis Gas (Syngas). II. It aims to achieve a national target of 100 Million Tonnes (MT) of coal gasification by 2030. III. The financial assistance provided under the scheme is capped at 50% of the total project cost. How many of the statements given above are not correct?

    • Only one
    • Only two
    • All three
    • None

  6. Question 6: In the context of India's current energy transition, the primary economic rationale for expanding the infrastructure of Liquefied Natural Gas (LNG) is to:

    • achieve complete self-reliance in hydrocarbon production
    • Substitute expensive and polluting industrial fuel imports
    • eliminate the fiscal burden of the fertiliser subsidy
    • transition fully to a zero-carbon manufacturing sector

  7. Question 7: Consider the following statements: I. Saint Sundarar and his wife Paravai were influential Shaivite saints of southern India. II. Bronze sculptures of Saint Sundarar and Paravai were originally installed in the temples of the Vijayanagara Empire. Which of the statements given above is/are correct?

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

  8. Question 8: With reference to big cat conservation in India, consider the following statements: I. Project Tiger is monitored and managed by the National Tiger Conservation Authority (NTCA). II. The Asiatic Lion is the only big cat in India whose wild population is confined to a single state. III. The M-STrIPES application is used for scientific mapping under the Snow Leopard Population Assessment in India (SPAI). IV. Project Cheetah marks the world's first intercontinental large carnivore translocation to Indian grasslands. How many of the statements given above are correct?

    • Only one
    • Only two
    • Only three
    • All Four

  9. Question 9: With reference to digital initiatives for financial inclusion in India, consider the following statements: I. The JAM Trinity represents the functional convergence of Jan Dhan accounts, Aadhaar, and Mobile connectivity. II. The Banking BHASHINI model is designed to provide voice-based banking services across all scheduled Indian languages. III. The Unified Lending Interface (ULI) is an AI-driven tool developed primarily to detect real-time transaction anomalies in money laundering. IV. The Account Aggregator framework enables consent-based, paperless sharing of financial data for credit approvals. How many of the statements given above are correct?

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

  10. Question 10: With reference to the National Sports Development Fund (NSDF), consider the following statements: I. It was established as a statutory body under the National Sports Development Code of India. II. It accepts monetary contributions and donations from both public and private sector entities. III. The Council that decides the policy matters of the Fund is chaired by the Union Minister of Youth Affairs and Sports How many of the statements given above is/are correct?

    • Only one
    • Only two
    • All three
    • None