In the context of SEBI's recent advisory on cyber frauds, the term "Boss Scam" refers to which one of the following?

Fraudsters impersonate senior executives through emails or messaging platforms to induce employees into making unauthorised fund transfers or sharing confidential information.

Fraudsters hack the official email accounts of senior executives and directly authorise fraudulent payments from company bank accounts.

Fraudsters create fake company websites and mobile applications resembling those of reputed firms to collect investors' personal and banking details

Fraudsters pose as stockbrokers or SEBI officials and persuade investors to transfer money into fraudulent trading accounts on the promise of higher returns.

Consider the following statements regarding the impeachment machinery under the Judges (Inquiry) Act, 1968: 1. The Act provides for a motion, an inquiry committee, a report and an address to the President. 2. The only constitutional consequence the Act can produce is removal from office. 3. Resignation by a judge with immediate effect keeps the removal jurisdiction alive. Which one of the following conclusions based on the above statements is correct?

There are two correct statements, that include statement 2.

There is only one correct statement, that is statement 3.

All the three statements are correct.

Consider the following statements regarding hydrogen as a fuel: Statement I: Hydrogen can help decarbonise sectors where direct electrification is difficult. Statement II: Hydrogen can be converted into electricity through fuel cells without combustion. Statement III: Hydrogen is primarily used because it is an abundant, naturally occurring fuel available in free form. Which one of the following is correct with respect to the above statements?

(a) Both Statement II and Statement III are correct, and both of them explain Statement I

(b) Both Statement II and Statement III are correct, but only one of them explains Statement I

(c) Only one of the Statements II and III is correct, and that explains Statement I

(d) Neither Statement II nor Statement III are correct

Which one of the following best distinguishes a Joint Parliamentary Committee (JPC) from a Parliamentary Standing Committee?

(a) A JPC is constituted only for a specific issue or purpose, whereas Standing Committees are permanent committees constituted on a continuing basis.

(b) A JPC consists only of Members of the Lok Sabha, whereas Standing Committees include Members of both Houses.

(c) A JPC exercises quasi-judicial powers to determine civil or criminal liability and can issue legally enforceable directions to the Government, whereas Parliamentary Standing Committees are restricted to making advisory observations.

(d) A JPC has the authority to amend the provisions of a Bill under its examination before it is taken up for consideration in Parliament, whereas Parliamentary Standing Committees can only recommend changes without altering the text of the Bill.

Quest Daily CA Quiz 18-07-2026

2026-07-18

Test your knowledge with todays current affairs

Question 1: In the context of SEBI's recent advisory on cyber frauds, the term "Boss Scam" refers to which one of the following?
- Fraudsters impersonate senior executives through emails or messaging platforms to induce employees into making unauthorised fund transfers or sharing confidential information.
- Fraudsters hack the official email accounts of senior executives and directly authorise fraudulent payments from company bank accounts.
- Fraudsters create fake company websites and mobile applications resembling those of reputed firms to collect investors' personal and banking details
- Fraudsters pose as stockbrokers or SEBI officials and persuade investors to transfer money into fraudulent trading accounts on the promise of higher returns.
Question 2: Consider the following statements about Gir National Park: 1. Gir National Park is the only place in the world outside Africa where a lion can be seen in its natural habitat. 2. The park is home to a diverse range of wildlife, including reptiles, birds, insects, and mammals, which covers the area of Gujarat and Rajasthan. 3. Nalsarovar, one of India's important lakes, further enhances its region's ecological significance. How many of the above given statements is/are correct?
- 1
- 2
- 3
- None
Question 3: Consider the following statements regarding the impeachment machinery under the Judges (Inquiry) Act, 1968: 1. The Act provides for a motion, an inquiry committee, a report and an address to the President. 2. The only constitutional consequence the Act can produce is removal from office. 3. Resignation by a judge with immediate effect keeps the removal jurisdiction alive. Which one of the following conclusions based on the above statements is correct?
- There are two correct statements, that include statement 2.
- There is only one correct statement, that is statement 3.
- All the three statements are correct.
- There is no correct statement.
Question 4: Consider the following assertion: The emphasis on preparing Emergency Action Plans and conducting Comprehensive Dam Safety Evaluations reflects a shift from reactive to preventive dam safety management. Which of the following is/are not the basis of the above assertion? 1. Once a dam is commissioned, periodic safety evaluations become unnecessary if routine maintenance is carried out. 2. Dam failures can occur due to operational and hydrological factors even when a dam appears structurally sound. 3. Emergency planning aims to reduce the consequences of potential dam failures rather than prevent all failures. Select the correct answer using the code given below:
- 1 only
- 1 and 2 only
- 2 and 3 only
- 1,2 and 3
Question 5: Which of the following are included among the pillars of the Investment Friendliness Index? 1. Infrastructure 2. Business Climate 3. Financial Health 4. Environmental Resilience 5. Human Development Select the correct answer using the code below:
- (a) 1, 2 and 5 only
- (b) 1, 2, 3 and 4 only
- (c) 2, 3, 4 and 5 only
- (d) 1, 3, 4 and 5 only
Question 6: Consider the following statements regarding hydrogen as a fuel: Statement I: Hydrogen can help decarbonise sectors where direct electrification is difficult. Statement II: Hydrogen can be converted into electricity through fuel cells without combustion. Statement III: Hydrogen is primarily used because it is an abundant, naturally occurring fuel available in free form. Which one of the following is correct with respect to the above statements?
- (a) Both Statement II and Statement III are correct, and both of them explain Statement I
- (b) Both Statement II and Statement III are correct, but only one of them explains Statement I
- (c) Only one of the Statements II and III is correct, and that explains Statement I
- (d) Neither Statement II nor Statement III are correct
Question 7: Consider the following statements in respect of the MH-60R Seahawk: 1. It is a multi-role naval helicopter. 2. It enhances anti-submarine warfare and maritime surveillance capabilities. 3. It has been acquired by India from the United States. 4. It is being inducted into the Indian Air Force. Which of the statements given above are correct?
- 1 and 2 only
- 1, 2 and 3 only
- 2 and 4 only
- 1, 3 and 4
Question 8: Consider the following statements regarding GLP-1 (Glucagon-Like Peptide-1): 1. It is a hormone naturally secreted from the intestine after food intake. 2. It promotes insulin secretion only when blood glucose levels are elevated. 3. It increases gastric emptying to improve digestion. Which of the statements given above are correct?
- (a) 1 and 2 only
- (b) 2 and 3 only
- (c) 1 and 3 only
- (d) 1, 2 and 3
Question 9: Consider the following inference regarding the ecological recovery of Manasbal Lake: "The return of migratory birds indicates an improvement in the health of the lake." Which of the following information support/supports the above inference? 1. Removal of accumulated weeds and dredging over a large area of the lake surface. 2. Weeding operations that controlled excessive growth of aquatic vegetation affecting water circulation. 3. A proposed sewerage treatment plant and integrated solid waste management plant to treat waste before it enters the lake. Select the answer using the code given below:
- (a) 1 and 2 only
- (b) 1, 2 and 3
- (c) 1 and 3 only
- (d) 2 only
Question 10: Which one of the following best distinguishes a Joint Parliamentary Committee (JPC) from a Parliamentary Standing Committee?
- (a) A JPC is constituted only for a specific issue or purpose, whereas Standing Committees are permanent committees constituted on a continuing basis.
- (b) A JPC consists only of Members of the Lok Sabha, whereas Standing Committees include Members of both Houses.
- (c) A JPC exercises quasi-judicial powers to determine civil or criminal liability and can issue legally enforceable directions to the Government, whereas Parliamentary Standing Committees are restricted to making advisory observations.
- (d) A JPC has the authority to amend the provisions of a Bill under its examination before it is taken up for consideration in Parliament, whereas Parliamentary Standing Committees can only recommend changes without altering the text of the Bill.

Quest Daily CA Quiz 18-07-2026

Question 1: In the context of SEBI's recent advisory on cyber frauds, the term "Boss Scam" refers to which one of the following?

Question 5: Which of the following are included among the pillars of the Investment Friendliness Index? 1. Infrastructure 2. Business Climate 3. Financial Health 4. Environmental Resilience 5. Human Development Select the correct answer using the code below:

Question 10: Which one of the following best distinguishes a Joint Parliamentary Committee (JPC) from a Parliamentary Standing Committee?