Quest Daily CA Quiz 14-08-2025

Quest Daily CA Quiz 14-08-2025

Test your knowledge with today's current affairs

  1. Question 1: Which of the following are the benefits of the Cheque Truncation System (CTS)? I. Realisation of cheque proceeds within the same day II. Easier data storage and retrieval III. Increased risk of cheque fraud due to digitisation IV. Cost savings from reduced physical movement of cheques V. Shorter clearing cycles and a centralised image archival system Select the correct answer using the code given below:

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

  2. Question 2: Consider the following statements: I. India is the sixth-largest exporter of textiles and apparel globally. II. The textile and apparel sector, including handicrafts, contributed to more than 25% of India’s total merchandise exports in 2024–25. Which of the statements given above is/are correct?

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

  3. Question 3: Consider the following statements: Statement I: Solar PV modules are suitable for installation in remote areas. Statement II: Solar PV modules are lightweight, portable, and can be installed without the need for complex infrastructure. Statement III: They operate without any requirement for a continuous fuel supply. 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 I and Statement II are correct and Statement II 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: Statement I: Earthquakes in the Himalayas can have devastating impacts across Nepal, Bhutan, and northern India. Statement II: The Himalayan tectonic zone is a transboundary seismic belt, and seismic waves can travel long distances. Statement III: The effects of earthquakes are always confined to the exact location of the epicentre. 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 I and Statement II are correct and Statement II 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

  5. Question 5: Consider the following statements about the 3rd International Conference of Young Buddhist Scholars (ICYBS) 2025: I. The conference is organised by the International Buddhist Confederation. II. The theme of ICYBS 2025 is “Buddhist Pilgrimage”. Which of the statements given above is/are correct?

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