Quest Daily CA Quiz 18-06-2026

Quest Daily CA Quiz 18-06-2026

Test your knowledge with daily current affairs

  1. Question 1: How many of the following are the sources of income to the Reserve Bank of India? 1. Interest on Government securities 2. Returns from foreign currency reserves and gold holdings 3. Interest income on government securities acquired through Open Market Operations. 4. Interest from repo lending, Public Sector and Private companies Select the correct answer using the code given below:

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

  2. Question 2: Consider the following statements regarding RBI's decision to remove the caps on interest rate for Foreign Currency Non-Resident-Bank (FCNR(B)) and NRE deposits: I. It increases the attractiveness of NRI deposits. II. It may lead to higher foreign exchange inflows through banking channels. III. It is likely to increase the accumulation of forex reserves. Which of the statements given above is/are correct?

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

  3. Question 3: Consider the following pairs: Types of Cyber Fraud Meaning 1. Cyber Squatting Act of registering, trafficking in, or using a domain name with bad faith intent to profit from another’s trademark goodwill. 2. Pharming Redirect a website's traffic to another, bogus website. 3. Phishing Involves stealing personal information through emails that appear to be from a legitimate source. How many of the above given pairs is/are not correct?

    • One Only
    • Two Only
    • All three
    • None

  4. Question 4: Which of the following supports the conclusion that the Universe is expanding? I. Redshift of distant galaxies II. Cosmic Microwave Background (CMB) radiation III. Relative abundance of light elements IV. Merging black holes V. Hubble's law VI. Interstellar dust clouds Select the correct answer using the code given below:

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

  5. Question 5: Which of the following countries are located around the Andaman Sea? I. Indonesia II. Singapore III. Thailand IV. Malaysia V. Vietnam VI. Myanmar Select the correct answer using the code given below:

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

  6. Question 6: Consider the following statements with reference to Nicobarese Tribal Councils: 1. The Tribal Councils are constituted by 1st Captains of Village Councils, who are elected democratically by secret ballot for a 4-year term. 2. The 1st Captain of this council select Chief Captain & Vice Chief Captain of the Tribal Council. Which of the above given statements is/are correct?

    • 1 only
    • 2 only
    • Both 1 and 2
    • Neither 1 nor 2

  7. Question 7: Which of the following is correct about the Mombasa Declaration?

    • It seeks to strengthen efforts against illegal, unreported, and Unregulated fishing.
    • It establishes a legally binding United Nations treaty governing deep-sea mining activities.
    • It aims to create a global carbon market for trading blue carbon credits among coastal nations.
    • It establishes a common international tariff regime for marine fisheries products.

  8. Question 8: Consider the following major components of the Consumer Price Index (CPI): 1. Food and Beverages 2. Housing 3. Fuel and Light 4. Clothing and Footwear 5. Pan, Tobacco and Intoxicants Arrange them in the increasing order of their weightage in CPI (Combined):

    • 1–2–3–4–5
    • 5–1–4–2–3
    • 3–1–2–4–5
    • 5–4–3–2–1

  9. Question 9: Consider the following list: 1. Bitumen 2. Naphtha 3. Paraffin wax 4. Lubricating oil 5. Press/Filter mud Which of the above are the byproducts of a petroleum refinery:

    • 1, 3 and 5 only
    • 2, 4 and 5 only
    • 1,2, 3 and 4 only
    • 1, 2, 3, 4 and 5

  10. Question 10: Consider the following statements: I. The Smart Warehousing System includes intelligent monitoring of warehouse conditions. II. The system provides real-time operational oversight through integrated dashboards. III. The initiative aims to strengthen governance mechanisms in foodgrain storage operations. Which of the following inferences can be drawn from the above statements? 1. Timely access to operational information may support more responsive warehouse management. 2. Governance mechanisms are intended to reduce the role of public institutions in foodgrain management. 3. Technology can assist in improving transparency in storage-related activities. Select the answer using the code given below:

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