Quest Daily CA Quiz 17-08-2026

Quest Daily CA Quiz 17-08-2026

Test your knowledge with daily current affairs

  1. Question 1: With reference to the National Bank for Agriculture and Rural Development (NABARD), consider the following statements: 1. NABARD is a statutory body established under an Act of Parliament. 2. It is the apex development financial institution for agriculture and rural development in India. 3. The Reserve Bank of India holds the responsibility for its day-to-day management. 4. NABARD can provide refinance facilities to eligible financial institutions. How many of the statements given above are correct?

    • 1
    • 2
    • 3
    • 4
  2. Question 2: With reference to the Design Linked Incentive (DLI) Scheme, consider the following statements: 1. It is intended to support domestic companies and startups involved in semiconductor chip design. 2. It supports chip design for applications such as automotive, defence, aerospace, IoT and telecommunications. 3. It is primarily intended to provide incentives for setting up semiconductor fabrication plants. How many of the above given statements is/are correct?

    • 1
    • 2
    • 3
    • None
  3. Question 3: With reference to the Integrated Tribal Development Agency (ITDA), consider the following statements: 1. It seeks to address the socio-economic and infrastructural needs of tribal communities. 2. ITDAs are constitutional bodies established directly under the Fifth Schedule. 3. It exercises the constitutional powers of the Governor under the Fifth Schedule. 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.
  4. Question 4: Consider the following statements with reference to the Hara forests: 1. They are mangrove forests located in the Persian Gulf region. 2. They are primarily composed of Avicennia marina. 3. They are recognised as a UNESCO Biosphere Reserve. 4. Avicennia marina is commonly known as the grey mangrove. Which one of the following conclusions based on the above statements is correct? (a) There are four correct statements. (b) There is only one correct statement, that is statement 2. (c) There are two correct statements, that include statement 1. (d) There is no correct statement.

    • There are four correct statements.
    • There is only one correct statement, that is statement 2.
    • There are two correct statements, that include statement 1.
    • There is no correct statement.
  5. Question 5: With reference to India’s defence manufacturing sector, consider the following statements: 1. The private sector accounts for a larger share of defence production than public-sector entities. 2. The Draft Defence Acquisition Procedure (DAP) 2026 proposes indigenous content requirements of up to 60% in defence acquisitions. 3. Up to 74% foreign direct investment is permitted under the Automatic Route in India’s defence sector. 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.
  6. Question 6: Which one of the following best explains why consanguineous marriages can increase the risk of certain recessive genetic disorders?

    • They increase the likelihood that both parents carry the same rare recessive genetic variant.
    • They increase the likelihood of new genetic mutations occurring in the offspring.
    • They reduce genetic variation among all individuals in the population.
    • They cause recessive genetic variants to become dominant in the offspring.
  7. Question 7: Which of the following best describes the term “Agentic AI” that was recently seen in the news?

    • AI systems that generate human-like text, images or other content in response to user prompts
    • AI systems that function primarily as conversational interfaces for retrieving information from pre-existing databases
    • AI systems specifically designed to analyse large datasets and identify statistical patterns without taking independent actions
    • AI systems capable of autonomously planning, making decisions and taking actions to achieve specified goals
  8. Question 8: With reference to Sweet Revolution in India, consider the following statements: 1. National Bee Board was registered as a society under the Societies Registration Act, 1860. 2. The National Beekeeping and Honey Mission is a Central Sector Scheme launched by the Government of India for the overall promotion and development of scientific beekeeping. 3. India is the largest exporter of honey in the world, followed by China. Which of the above given statements is/are correct?

    • 1 and 2 only
    • 2 and 3 only
    • 1 and 3 only
    • 1,2 and 3
  9. Question 9: Consider the following list of features: 1. Harmika 2. Chattra 3. Torana 4. Pradakshina patha 5. Gopuram 6. Garbhagriha How many of the above are associated with the architectural features of a Buddhist stupa? (a) Three only (b) Four only (c) Five only (d) All six

    • Three only
    • Four only
    • Five only
    • All six
  10. Question 10: With reference to the Royal Indian Navy (RIN) Uprising of 1946, consider the following statements: 1. The uprising began among Indian ratings of the Royal Indian Navy in Bombay. 2. The uprising remained confined to naval establishments in Bombay. 3. The Royal Indian Navy (RIN) uprising was formally organised by the Indian National Army (INA). How many of the above given statements is/are correct?

    • 1
    • 2
    • 3
    • None
  11. Question 11: Consider the following statements: Statement I: An increase in central bank gold purchases may reflect efforts to diversify reserve portfolios. Statement II: Gold can be held as part of official reserve assets alongside foreign exchange reserves. Statement III: Gold reserves are generally classified as a component of a country's external debt. 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