Quest Daily CA Quiz 23-03-2026

Quest Daily CA Quiz 23-03-2026

Test your knowledge with today's current affairs

  1. Question 1: Consider the following statements regarding the National Biodiversity Authority (NBA): I. It was constituted under the Environment Protection Act 1986 II. It set up an expert committee to tackle ecological and socio-economic risks from invasive species. Which of the above statements is/are incorrect?

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

  2. Question 2: Which of the following statements is not correct regarding the Minor Planet Centre (MPC)?

    • It functions under the International Astronomical Union and is hosted by the Smithsonian Astrophysical Observatory.
    • It assigns official designations to newly discovered minor planets after verifying observational data.
    • It is responsible for launching missions to deflect near-Earth objects (NEOs).
    • It publishes electronic circulars to facilitate global scientific collaboration.

  3. Question 3: Litani River, which was recently seen in news, located in which of the following countries?

    • Jordan
    • Israel
    • Syria
    • Lebanon

  4. Question 4: With reference to the key highlights of the Bharat Electricity Summit 2026, consider the following statements. I. India’s installed power capacity has crossed 520 GW in 2026. II. The transmission network in India has expanded to more than 5 lakh circuit kilometres. III. India’s solar energy capacity has increased from around 2.8 GW in 2014 to over 143 GW at present. IV. Electricity demand in India is expected to decline by 2030 due to improvements in energy efficiency. Which of the above statements are correct?

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

  5. Question 5:

    • Question 6: Which of the statements are correct about the Indian Pharmaceuticals? I. India ranks 3rd globally in pharmaceutical production by volume and 11th by value. II. India accounts for nearly 20% of the global supply of generic medicines and is a major supplier of vaccines to UNICEF and WHO. III. India’s pharmaceutical exports have risen to about USD 30.5 billion, reflecting an increase since 2000–01. Select the correct answer using the codes given below:

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

    • Question 7: Consider the following statements: Statement I A Chief Minister’s tenure is governed by similar constitutional principles as that of the Prime Minister. Statement II Long tenure in the executive office depends on legislative majority support. Which one of the following is correct in respect of 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 (d)
      • Statement I is incorrect but Statement II is correct

    • Question 8: Consider the following statements: Statement I: India has ensured an uninterrupted fuel supply with no dry-outs at retail outlets despite Strait of Hormuz disruptions. Statement II: The Government has boosted LPG production and promoted PNG connections to reduce LPG dependence. Statement III: India has halted 50% of its natural gas supply to industry and commerce to prioritise households and transport. 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

    • Question 9: Consider the following statements: I. Balance of Payments (BoP) records all transactions between residents and non-residents, comprising current and capital/financial accounts. II. A current account deficit means domestic absorption is less than GDP. III. Central banks use forex reserves to stabilise currency during capital outflows. IV. The 1991 BoP crisis was due to excess forex reserves and a current account surplus. Which of the above statements are correct?

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

    • Question 10: With reference to the Lokpal, consider the following statements: I. The Lokpal and Lokayuktas Act, 2013, provides for the establishment of Lokpal at the Union level to inquire into allegations of corruption against public functionaries. II. A complaint before the Lokpal includes persons associated with government-controlled bodies like boards, corporations, and trusts III. The Lokpal and Lokayuktas Act, 2013 provides for statutory posts of Secretary, Director of Inquiry and Director of Prosecution in the Lokpal. IV. The filing of a chargesheet against Member of parliament automatically leads to his/her disqualification from Parliament by the Lokpal. How many of the above statements are correct?

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