Quest Daily CA Quiz 24-07-2026

2026-07-24

Test your knowledge with todays current affairs

1. Question 1: With reference to India's space sector reforms, consider the following pairs: Institution Primary Role 1. ISRO Space research and technology development 2. NSIL Commercial utilisation of space assets 3. IN-SPACe Regulation and authorisation of private space activities How many of the above pairs are not correctly matched?

   • Only one
   • Only two
   • All three
   • None

2. Question 2: Consider the following statements regarding the Aditya-L1 Mission: 1. It is India's first dedicated mission to study the Sun. 2. It is positioned in a halo orbit around the Sun–Earth Lagrange Point L1. 3. It continuously observes the Sun without being affected by eclipses caused by the Earth or the Moon. 4. Its payloads are designed to study both the solar atmosphere and the solar wind. Which one of the following conclusions based on the above statements is correct?

   • There are four correct statements.
   • There is only one correct statement, that is statement 2
   • There are two correct statements, that include statement 1
   • There is no correct statement

3. Question 3: Consider the following statements regarding the Development of Excavation Sites and Heritage Complexes (DESH) Scheme: 1. It is a Centrally Sponsored Sub-Scheme implemented by the Ministry of Culture. 2. It seeks to develop all UNESCO World Heritage Sites in India. 3. The DESH Scheme provides financial assistance for archaeological excavations conducted by universities and research institutions. 4. The DESH Scheme was introduced as a component of the National Mission on Monuments and Antiquities. How many of the above given statements is/are correct?

   • 1
   • 2
   • 3
   • 4

4. Question 4: The Earth Observation Public Private Partnership (EO-PPP) Initiative aims to strengthen India's Earth observation ecosystem through collaboration between the Government and the private sector. Which of the following actions are consistent with the objectives of the above initiative? 1. Enabling private entities to develop Earth observation satellites while ensuring government oversight over mission authorisation. 2. Assigning regulatory responsibilities for private Earth observation missions to commercial operators to reduce administrative burden. 3. Prioritising procurement of Earth observation services from domestic industry wherever feasible. 4. Restricting the participation of private entities in downstream geospatial applications to avoid duplication of government capabilities. How many of the above actions uphold the objectives of the EO-PPP Initiative?

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

5. Question 5: Which of the following constitutional principles would be most directly compromised if Fast Track Courts were placed under the administrative control of the executive in matters relating to adjudication?

   • Federalism
   • Separation of powers
   • Collective responsibility
   • Universal adult suffrage

6. Question 6: Which of the following is correct regarding Project Kusha?

   • It has been designed primarily for anti-submarine warfare.
   • It is an indigenous long-range surface-to-air missile system intended to defend against diverse aerial threats.
   • It is a hypersonic cruise missile developed for precision strikes against ground targets.
   • It is a ballistic missile defence interceptor designed to counter intercontinental ballistic missiles.

7. Question 7: Which of the following can contribute to an increase in the Credit-Deposit ratio? 1. Credit growth consistently exceeding deposit growth. 2. Banks reallocating funds from government securities to loans. 3. Rapid increase in deposits with unchanged lending. 4. Increase in lending supported by stronger capital buffers. Select the correct answer using the code below:

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

8. Question 8: A plant specimen exhibits the following characteristics: • It is a tall, perennial herb with a thick, aromatic root. • The flower heads are purple to dark violet, arranged in dense clusters. • It is naturally found in the temperate Himalayan region at high altitudes. • The dried roots are highly valued in traditional medicine, perfumery, and incense. • The species is listed under CITES Appendix I due to overexploitation and is considered Critically Endangered in the wild in India. Which one of the following species is being described?

   • Nardostachysjatamansi
   • Saussureacostus
   • Picrorhizakurroa
   • Aconitum heterophyllum

9. Question 9: Which of the following best describes the Inventory-Based Model of e-commerce?

   • A model in which the e-commerce platform only provides a digital marketplace connecting buyers and independent sellers, without owning the goods.
   • A model in which consumers sell used goods directly to other consumers through an online intermediary.
   • A model in which products are shipped directly from manufacturers to customers without the platform handling inventory.
   • A model in which the e-commerce entity owns or controls the inventory of goods and sells them directly to consumers through its online platform.

10. Question 10: Consider the following statements with reference to the Introduction of polymer-based currency notes: I. Polymer banknotes require specialised polymer sheets for their manufacture. II. India presently has limited domestic capacity for producing such specialised material. III. The RBI has progressively reduced dependence on imported currency paper by promoting domestic production. Which of the following inferences can be drawn from the above statements? 1. Immediate adoption of polymer notes may create import dependence for raw materials. 2. A phased transition would be more consistent with India's objective of self-reliance in currency production. 3. The higher production cost of polymer notes makes them less cost-effective than paper currency. Select the correct answer using the code given below:

    • 1 and 2
    • 2 and 3
    • 1 and 3
    • 1,2 and 3