Quest Daily CA Quiz 21-03-2026

Quest Daily CA Quiz 21-03-2026

Test your knowledge with today's current affairs

  1. Question 1: Consider the following statements: I. Variable Rate Repo (VRR) auction is a tool used by the RBI to inject liquidity into the banking system. II. Variable Rate Reverse Repo (VRRR) is an RBI tool to absorb excess liquidity by auctioning short-term bank deposits at variable interest rates. III. Variable Repo Rate (VRR) affects yields on treasury bills and other short-term government securities. IV. Banks participate by submitting electronic bids on the RBI's e-Kuber platform Which of the above statements is/are incorrect?

    • II only
    • III only
    • IV only
    • None of the above statements

  2. Question 2: Consider the following statements: I. The Drugs and Cosmetics Act, 1940, defines generic medicines and recognises variations in their effectiveness. II. Generic and branded medicines follow different quality standards, with stricter norms for branded drugs. III. Bioequivalence studies are required for certain drugs before granting manufacturing licenses. IV. Central Drugs Standard Control Organisation (CDSCO) and States conduct risk-based inspections to ensure drug quality. Which of the statements given above are correct?

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

  3. Question 3: Consider the following statements: Statement I: Crop diversification is necessary to reduce dependence on water-intensive crops like paddy and to improve soil fertility and sustainability. Statement II: Under the Pradhan Mantri Rashtriya Krishi Vikas Yojana, the Crop Diversification Programme promotes alternative crops such as pulses, oilseeds, and millets in selected states. Statement III: The Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY) aims to increase the production of pulses as part of crop diversification efforts. Which one of the following is correct in respect of 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

  4. Question 4: With reference to the RELIEF initiative, consider the following statements: I. It aims to support Indian exporters affected by logistics disruptions and war-related risks in the Gulf and West Asia region. II. It is implemented by the Directorate General of Foreign Trade (DGFT) as the nodal agency. Which of the above statements is/are correct?

    • I only
    • II only
    • Both I and II
    • Neither I nor II

  5. Question 5: Which of the following factors are used to explain life evaluations in the World Happiness Report 2026? I. GDP per capita II. Healthy life expectancy III. Freedom from corruption IV. Generosity V. Freedom to make life choices VI. Gender Parity Select the correct answer using the codes given below:

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

  6. Question 6: With reference to the legal provisions governing import and breeding of wild animals in India, consider the following statements: I. The Wildlife Protection Act 1972 regulate the establishment and functioning of zoos and captive breeding of wild animals. II. The Director General of Foreign Trade regulates the import and export of wildlife under the Foreign Trade (Development and Regulation) Act, 1992, in line with international conventions such as CITES. III. The Bharatiya Nagarik Suraksha Sanhita 2023 contains provisions that can be invoked against illegal wildlife trade and related criminal offences. IV. The Wildlife Crime Control Bureau, established under the Bureau, coordinates enforcement against illegal wildlife trade and assists in investigations. How many of the statements given above are correct?

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

  7. Question 7: With reference to the history of India, Rani Avantibai Lodhi is associated with which of the following events?

    • The Revolt of 1857
    • The Indigo Revolt of 1859–60
    • The Santhal Rebellion of 1855–56
    • The Deccan Riots of 1875

  8. Question 8: Which one of the following is a very significant aspect of the Mahad Satyagraha?

    • Active participation of lawyers against the discriminatory taxes of local landlords
    • Assertion of Dalit rights over public resources
    • Beginning of armed revolutionary activities against upper caste discrimination
    • Formation of Dalit unions against the caste system

  9. Question 9: Identify the incorrect statement about the ‘V2X (Vehicle-to-Everything) Technology’ in recent times:

    • It is a subset of V2V technology that enables communication between vehicles and surrounding entities.
    • It supports collision avoidance, traffic management, and autonomous driving systems.
    • It relies on dedicated spectrum allocation, telecom networks, and roadside units to relay critical information.
    • None of the above