A State Government identifies a large industrial node along a major freight corridor. It provides land, while the Union Government supports trunk infrastructure. The node is provided with utilities and connectivity up to industrial plots so that investors can begin operations with minimal additional infrastructure development. Which of the following initiatives most closely corresponds to the model given above?

National Industrial Corridor Development Programme

Modified Industrial Infrastructure Upgradation Scheme

PM Gati Shakti National Master Plan

Industrial Credit and Investment Corporation framework

Consider the following statements regarding Foreign Currency Non-Resident (Banks) [FCNR(B)] Accounts: 1. FCNR(B) deposits are maintained in foreign currency denominations. 2. Unlike Non-Resident External accounts, FCNR(B) accounts permit both savings deposits and term deposits. 3. The maturity period of an FCNR(B) deposit is determined in accordance with the currency-specific interest-rate framework prescribed by the Reserve Bank of India. 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.

Consider the following statements regarding the Closing Auction Session (CAS) in the Indian Stock markets: Statement-I: The Closing Auction Session (CAS) mechanism has been introduced for determining the closing prices of stocks in the securities market. Statement-II: Unlike a mechanism based on the Volume Weighted Average Price (VWAP), an auction mechanism aggregates buy and sell orders during a specified period to facilitate price discovery. 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

Consider the following statements regarding inflation dynamics: Statement I: A decline in headline inflation does not necessarily imply an equivalent improvement in underlying inflationary pressures. Statement II: Headline inflation can be influenced substantially by components such as food and fuel, whose prices can show considerable variation. Statement III: Core inflation is intended to provide a measure of price movements after accounting for the influence of selected volatile components. 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

Quest Daily CA Quiz 20-08-2026

2026-08-20

Test your knowledge with daily current affairs

Question 1: A State Government identifies a large industrial node along a major freight corridor. It provides land, while the Union Government supports trunk infrastructure. The node is provided with utilities and connectivity up to industrial plots so that investors can begin operations with minimal additional infrastructure development. Which of the following initiatives most closely corresponds to the model given above?
- National Industrial Corridor Development Programme
- Modified Industrial Infrastructure Upgradation Scheme
- PM Gati Shakti National Master Plan
- Industrial Credit and Investment Corporation framework
Question 2: Consider the following statements regarding the Electronics Components Manufacturing Scheme (ECMS): 1. Its objective is confined to manufacturing finished electronic consumer goods rather than intermediate components. 2. The scheme employs differentiated incentive structures rather than a uniform incentive for all beneficiaries. 3. With the support of this scheme, india’s mobiles export witnessed more than 100 times growth in the last ten years. How many of the above given statements is/are correct?
- 1
- 2
- 3
- None
Question 3: Consider the following statements regarding Foreign Currency Non-Resident (Banks) [FCNR(B)] Accounts: 1. FCNR(B) deposits are maintained in foreign currency denominations. 2. Unlike Non-Resident External accounts, FCNR(B) accounts permit both savings deposits and term deposits. 3. The maturity period of an FCNR(B) deposit is determined in accordance with the currency-specific interest-rate framework prescribed by the Reserve Bank of India. 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.
Question 4: Consider the following statements regarding India’s engagement with the Arctic: 1. India maintains a permanent scientific presence in the Arctic through the Maitri and Bharati research stations. 2. India is a member of the Arctic Council. 3. The Svalbard Treaty establishes the Arctic Council and provides voting rights to all participating countries. Which of the statements given above is/are correct?
- 1 and 3 only
- 2 only
- 3 only
- None
Question 5: Consider the following statements regarding the Closing Auction Session (CAS) in the Indian Stock markets: Statement-I: The Closing Auction Session (CAS) mechanism has been introduced for determining the closing prices of stocks in the securities market. Statement-II: Unlike a mechanism based on the Volume Weighted Average Price (VWAP), an auction mechanism aggregates buy and sell orders during a specified period to facilitate price discovery. 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
Question 6: Consider the following statements regarding inflation dynamics: Statement I: A decline in headline inflation does not necessarily imply an equivalent improvement in underlying inflationary pressures. Statement II: Headline inflation can be influenced substantially by components such as food and fuel, whose prices can show considerable variation. Statement III: Core inflation is intended to provide a measure of price movements after accounting for the influence of selected volatile components. 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
Question 7: Consider the following situations: 1. A producer redesigns packaging to use less material and make it easier to recycle. 2. A producer establishes a system for collection and recovery of its discarded products. 3. A government department collects municipal waste using budgetary resources. 4. A digital platform records the quantity of waste collected and recycled against producer obligations. How many of the above most directly reflect the principles or implementation mechanisms of Extended Producer Responsibility?
- 1
- 2
- 3
- 4
Question 8: Consider the following provisions relating to Municipalities under the 74th Constitutional Amendment Act: 1. Reservation of seats and offices of chairpersons for Backwards Classes 2. Representation of Members of Parliament and State Legislatures in municipalities 3. Nomination of persons having special knowledge or experience in municipal administration 4. Devolution of powers and responsibilities to municipalities for the preparation of plans and implementation of schemes 5. Empowering municipalities to levy, collect and appropriate taxes, duties, tolls and fees 6. Determining the manner of election of the municipal chairperson How many of the above provisions are left to the discretion of the State Legislature?
- Only two
- Only three
- Only Four
- All six
Question 9: Consider the following statements about the National Medical Commission (NMC): 1. It is an executive body established to regulate medical education and professional standards in India. 2. The Chairperson and other members of the National Medical Commission, once nominated by the Central Government, are eligible for renomination for another term after completing their initial tenure. Which of the above given statements is/are correct?
- 1 only
- 2 only
- Both 1and 2
- Neither 1 nor 2
Question 10: Consider the following statements about India’s renewable energy expansion: I. The occurrence of curtailment in renewable power generation can indicate that installed generation capacity has expanded faster than the ability of the grid to absorb and transmit electricity. II. The use of Temporary General Network Access (T-GNA) allows renewable energy projects to access the inter-State transmission system for specified periods, but prolonged curtailment under such arrangements can affect the revenue prospects of generators. III. The expansion of inter-State transmission infrastructure is relevant to renewable energy integration because renewable generation is often located away from major centres of electricity demand. Which of the following inferences can be drawn from the above statements? 1. Statement I suggests that increasing renewable generation capacity alone may not ensure a corresponding increase in electricity supplied to consumers. 2. Statement II suggests that grid-access arrangements can influence the commercial viability of renewable energy projects. 3. Statement III suggests that transmission planning is an important component of integrating geographically dispersed renewable resources into the power system. 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