Quest Daily CA Quiz 15-05-2026

Quest Daily CA Quiz 15-05-2026

Current affair compilation of 15-5-2026 comprises topics related to Economy , polity and Governance

  1. Question 1: Consider the following countries: I. Indonesia II. Saudi Arabia III. Malaysia IV. Ethiopia V. Thailand VI. UAE How many of the above are full members of BRICS?

    • (a) Only three
    • (b) Only four
    • (c) Only five
    • (d) All six

  2. Question 2: Which of the following brings out the Wholesale Price Index (WPI) in India?

    • (a) The Central Statistical Office
    • (b) The Office of the Economic Advisor
    • (c) The Department of Financial Services
    • (d) The National Sample Survey Office

  3. Question 3: Consider the following statements about the Chief Election Commissioner and other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023: I. The Chief Justice of India serves as a permanent member of the Selection Committee that recommends the appointments to the President. II. The Search Committee responsible for shortlisting candidate names is headed by the Union Law Minister. III. A person appointed as a Chief Election Commissioner or Election Commissioner is eligible for reappointment for a second term. IV. The total cumulative tenure of an Election Commissioner who is subsequently appointed as the Chief Election Commissioner cannot exceed six years. How many of the statements given above are correct?

    • (a) Only one
    • (b) Only two
    • (c) Only three
    • (d) All four

  4. Question 4: Consider the following statements about Heatwaves: I. Anticyclonic circulation causes the large-scale sinking of air, which compresses and heats the lower atmosphere to trigger heatwaves. II. The implementation of "cool roofs" and public cooling centers forms a part of state-level Heat Action Plans (HAPs). Which of the statements given above is/are not correct?

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

  5. Question 5: Which one of the following statements best reflects the issue with the 'Withholding Tax' on foreign investors in India, sometimes mentioned in the news?

    • (a) It is a tax levied on the capital gains generated by domestic retail investors trading in global commodity markets.
    • (b) It acts as a Tax Deducted at Source (TDS) on interest income earned by non-resident investors holding Indian sovereign debt.
    • (c) It is a temporary environmental cess imposed on foreign multi-national companies operating in green energy sectors.
    • (d) It has been completely eliminated by the Reserve Bank of India to protect the domestic currency from retail inflation.

  6. Question 6: With reference to Polyendocrine Metabolic Ovarian Syndrome (PMOS), recently recommended as the new name for PCOS, consider the following statements: I. None of the individuals diagnosed with the condition exhibits fluid-filled ovarian cysts. II. None of its clinical manifestations extend to the psychological or dermatological systems. III. None of its metabolic complications involves insulin resistance or Type-2 diabetes. How many of the above statements are correct?

    • (a) Only one
    • (b) Only two
    • (c) All three
    • (d) None

  7. Question 7: With reference to the 'Special Intensive Revision (SIR)' of electoral rolls in India, consider the following statements: I. It is a comprehensive exercise anchored in Article 324 of the Constitution and the Representation of the People Act, 1950. II. Booth Level Officers (BLOs) collect physical copies of documents from electors during the house-to-house enumeration phase. III. According to the Election Commission of India, an individual's Aadhaar number can be used as definitive proof of Indian citizenship. Select the correct answer using the code given below:

    • (a) I only
    • (b) I and II only
    • (c) II and III only
    • (d) I ,II and III

  8. Question 8: Consider the following statements about the Common Criteria Recognition Arrangement (CCRA): I. It is an international treaty that allows for the mutual recognition of IT security certificates across borders. II. Under the CCRA, IT products are tested by independent licensed laboratories to verify security standards. III. The Common Criteria Development Board (CCDB) functions as the technical core of the arrangement. IV. India has the status of a Certificate-Consuming Nation rather than a Certificate-Authorising Nation. V. In India, the official Certification Body for IT security evaluations is under the Ministry of External Affairs. Which of the statements given above are correct?

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

  9. Question 9: Consider the following statements about 'Birsa-101': I. It is India's first indigenous CRISPR-based gene therapy designed to treat Sickle Cell Disease. II. It has been developed by the Indian Council of Medical Research (ICMR) in collaboration with global pharmaceutical companies. III. The therapy is administered to the patient as a one-time infusion. Which of the statements given above is/are correct?

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

  10. Question 10: With reference to the revolutionary freedom fighter Sukhdev Thapar, consider the following statements: I. He served as the leader of the Hindustan Socialist Republican Association (HSRA) in Punjab. II. He actively participated in the historic hunger strike undertaken by revolutionaries in prison in 1929. III. He was associated with the assassination of British police officer J.P. Saunders. How many of the statements given above are correct?

    • Only one
    • Only two
    • All three
    • None