Quest Daily CA Quiz 22-08-2026

Quest Daily CA Quiz 22-08-2026

Test your knowledge with daily current affairs

  1. Question 1: Consider the following statements regarding the Asian Development Bank: 1. India is a founding member of the ADB. 2. It provides loans and technical assistance to developing member countries. 3. Its headquarters is located in Manila, Philippines. 4. Japan and the United States are among its major shareholders. 5. Voting power in ADB is linked to the shareholding of its members. How many of the above given statements is/are correct?

    • 2
    • 3
    • 4
    • 5

  2. Question 2: Which component of PM-AASHA provides financial compensation directly to farmers’ bank accounts without requiring physical procurement of the produce?

    • Price Support Scheme (PSS)
    • Price Deficiency Payment Scheme (PDPS)
    • Market Intervention Scheme (MIS)
    • Price Stabilization Fund (PSF)

  3. Question 3: The H1N1 virus, which is sometimes referred to as the “swine flu” virus, is primarily associated with which of the following diseases?

    • Influenza
    • Dengue
    • Tuberculosis
    • Meningitis

  4. Question 4: Consider the following features: 1. Natural levees 2. Cirques 3. Meander scars 4. Oxbow lakes 5. Fjords 6. Point bars How many of the above given landforms are not associated with a floodplain?

    • 1
    • 2
    • 3
    • None

  5. Question 5: With reference to Merchant Discount Rate (MDR), consider the following statements: 1. MDR refers to the charge levied on merchants to cover the infrastructure and processing costs incurred by banks and payment service providers for processing digital payments. 2. Zero-MDR transactions imply that the transaction is processed without any payment-processing infrastructure. Which of the above given statements is/are correct?

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

  6. Question 6: Consider the following statements regarding the Right to Travel Abroad: 1. The right to travel abroad has been recognised as part of personal liberty under Article 21. 2. The right to travel abroad is a separate Fundamental Right under Article 19. 3. Restrictions on the right to travel abroad must satisfy the requirements of Article 21. 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 1.
    • There is only one correct statement.
    • There is no correct statement.

  7. Question 7: A reduction in customs duty on sugar imports is introduced when domestic sugar prices are rising. Which of the following effects are likely to occur in the domestic sugar market, other factors remaining unchanged? 1. Imported sugar becomes relatively cheaper in the domestic market. 2. The availability of sugar in the domestic market may increase. 3. Greater import availability may put downward pressure on domestic sugar prices. 4. Domestic sugar producers may face increased competition from imported sugar. Select the correct answer using the code given below:

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

  8. Question 8: 'X' was explaining India's Foreign Direct Investment (FDI) policy. 'X' stated that investments from countries, such as China and Bangladesh, require prior Government approval under the applicable FDI framework. 'Y' argued that such investments can enter India through the automatic route because foreign investment is governed by WTO agreements and cannot be subjected to country-specific approval requirements. 'X' was not convinced. Based on the above, select the correct conclusion from the options given below:

    • 'X' is correct because India requires Government approval for FDI from countries sharing a land border with India, subject to the applicable policy provisions.
    • 'Y' is correct because WTO agreements require India to permit FDI from all member countries through the automatic route.
    • The views of both 'X' and 'Y' are correct.
    • The view of neither 'X' nor 'Y' is correct.

  9. Question 9: Consider the following nuclear reactors: Nuclear reactor type Characteristic 1. Pressurised Heavy Water Reactor Uses ordinary water as moderator and coolant 2. Pressurised Water Reactor Uses heavy water as moderator 3. Small Modular Reactor Relatively high power capacity with small-scale deployment How many of the pairs given above are correctly matched?

    • 1
    • 2
    • 3
    • None

  10. Question 10: 'X' was explaining the monetary policy stance of a central bank. 'X' stated that a central bank adopting a hawkish stance would generally favour higher interest rates to control persistent inflation. 'Y' argued that a hawkish stance necessarily means that the central bank has already increased its policy rate. 'X' was not convinced. Based on the above, select the correct conclusion from the options given below:

    • 'X' is correct because a hawkish stance can involve signalling tighter monetary policy even without an immediate rate hike.
    • 'Y' is correct because a central bank can be described as hawkish only after it raises its policy rate.
    • The views of both 'X' and 'Y' are correct.
    • The view of neither 'X' nor 'Y' is correct.