Quest Daily CA Quiz 16-07-2026

Quest Daily CA Quiz 16-07-2026

Test your knowledge with today's current affairs

  1. Question 1: With reference to the National Skills Qualifications Framework (NSQF), consider the following statements: 1. It is an outcome-based framework organising qualifications into a fixed number of levels. 2. It recognises learning acquired through formal, non-formal and informal channels alike. 3. It enables credit-based progression across school education, higher education and vocational training. How many of the above given statements is/are correct?

    • 1
    • 2
    • 3
    • None

  2. Question 2: Consider the following statements regarding the semiconductor context in Semicon 2.0: 1. ATMP/OSAT refers to the fabrication stage where silicon wafers are etched into circuits. 2. India's initial fabrication journey began at advanced sub-10 nanometre nodes. 3. Compound semiconductor fabs and display fabs are both covered under the fab-expansion objective. Which one of the following conclusions based on the above statements is correct?

    • All the three statements are correct.
    • There are two correct statements that include statement 2.
    • There is only one correct statement
    • There is no correct statement

  3. Question 3: The Double Contribution Convention (DCC), which came into force alongside the India–UK Comprehensive Economic and Trade Agreement (CETA), primarily provides for which of the following?

    • Elimination of double taxation on income earned by companies operating in both countries
    • Harmonisation of customs clearance procedures for goods traded between the two countries
    • Establishment of a joint mechanism for accounting and trading carbon emission credits
    • Exemption from mandatory social security contributions for eligible professionals on temporary overseas assignments

  4. Question 4: Which of the following countries is/are NOT a party to the Non-Proliferation Treaty? 1. India 2. Pakistan 3. Israel Select the correct answer using the code given below:

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

  5. Question 5: Consider the following statements regarding Writs: Statement I: The jurisdiction of High Courts under Article 226 is wider than that of the Supreme Court under Article 32. Statement II: High Courts can issue writs not only for enforcement of Fundamental Rights but also for any other purpose. Which one of the following is correct with respect to the above statements?

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

  6. Question 6: Consider the following statements regarding climate change induced changes: Statement I: Climate change is causing night-time temperatures to increase faster than daytime temperatures in many parts of the world. Statement II: Cloud cover and increased atmospheric greenhouse gases reduce the escape of long-wave radiation from the Earth's surface during the night. Statement III: A faster rise in night-time temperatures contributes to a narrowing of the diurnal temperature range. Which one of the following is correct with respect to 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: Under VB-G RAM G, the Centre determines the normative allocation to states using the horizontal devolution formula of which body?

    • The NITI Aayog
    • The Sixteenth Finance Commission
    • The GST Council
    • The National Development Council

  8. Question 8: With reference to the Kudankulam Nuclear Power Plant (KKNPP), consider the following statements: 1. It uses indigenously developed Pressurised Heavy Water Reactors (PHWRs). 2. It was set up with Russian cooperation. 3. It is India's first nuclear power plant to use Fast Breeder Reactor (FBR) technology. 4. It primarily uses natural uranium as fuel moderated by heavy water. How many of the above given statements is/are correct?

    • 1
    • 2
    • 3
    • 4

  9. Question 9: Consider the following statements regarding the RBI's Draft Guidance on Data Governance Framework for Regulated Entities (REs): I. The framework requires Regulated Entities to establish a comprehensive Data Governance Framework aligned with their overall risk management framework. II. The framework is expected to be proportionate to the size, complexity, business model and technology infrastructure of the regulated entity. III. The framework covers the entire data lifecycle, including policies, processes, technological systems and audit mechanisms. Which of the following inferences can be drawn from the above statements? 1. The RBI intends to prescribe identical technological solutions for all regulated entities. 2. The RBI recognizes that a uniform approach to data governance may not be appropriate for all regulated entities. 3. The RBI views data governance as an integral part of enterprise-wide risk management rather than merely an IT function. Select the correct answer using the code given below:

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

  10. Question 10: The Ministry of Home Affairs is considering a customised framework under Article 371 for Ladakh instead of extending the Sixth Schedule. This proposal primarily illustrates which one of the following features of the Indian Constitution?

    • Cooperative federalism
    • Competitive federalism
    • Asymmetrical federalism
    • Fiscal federalism

  11. Question 11: The term ‘TRUST Initiative’, which was recently in the news, refers to which of the following?

    • A joint India–United States initiative focused on enhancing maritime security and defence cooperation in the Indo-Pacific region.
    • A diplomatic mechanism proposed for facilitating negotiations and peace efforts between Russia and Ukraine.
    • A strategic India–United States initiative to deepen cooperation in emerging and critical technologies including AI, semiconductors, quantum computing, defence, and critical minerals.
    • An India France agreement aimed at strengthening and diversifying supply chains for critical minerals, advanced materials, and pharmaceuticals.