Consider the following statements regarding India - China trade: I. The trade balance between India and China is heavily in favour of China. II. India exports mainly manufactured electronic goods to China, while importing primary agricultural products. III. India has emerged as China's largest trading partner in South Asia. Which of the following is correct regarding the above statements?

All the three statements are correct.

There are two correct statements, that include statement 1.

There is only one correct statement.

With reference to the provisions relating to citizenship in India, which one of the following statements is not correct?

A person born outside India may acquire citizenship by descent if either of the parents is an Indian citizen at the time of the person's birth.

Where any territory becomes part of India, the Central Government may specify the persons who shall become citizens of India

Voluntary acquisition of the citizenship of another country results in the automatic termination of Indian citizenship.

Holders of Overseas Citizen of India (OCI) cards are entitled to participate in elections and exercise voting rights in India.

Consider the following statements: Statement I: The Index of Services Production (ISP) will primarily reflect the formal services sector. Statement-II: The compilation of ISP relies substantially on GST-based outward supply data. 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

With the introduction of digital payment instruments like credit cards, smart cards, and e-wallets (BHIM, UPI, G-pay, etc.), the velocity of circulation of money in the economy would

First increase, then decrease as the economy stabilises

Quest Daily CA Quiz 25-06-2026

2026-06-25

Test your knowledge with daily current affairs

Question 1: Arrange India’s installed power capacity mix from highest to lowest (in gigawatts) 1. Thermal 2. Large Hydro 3. Wind 4. Nuclear 5. Solar Select the correct answer using the code given below:
- 1-3-5-4-2
- 1-3-2-4-5
- 1-5-3-2-4
- 1-5-2-3-4
Question 2: Consider the following statements regarding India - China trade: I. The trade balance between India and China is heavily in favour of China. II. India exports mainly manufactured electronic goods to China, while importing primary agricultural products. III. India has emerged as China's largest trading partner in South Asia. Which of the following is correct regarding the above statements?
- 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.
Question 3: With reference to the provisions relating to citizenship in India, which one of the following statements is not correct?
- A person born outside India may acquire citizenship by descent if either of the parents is an Indian citizen at the time of the person's birth.
- Where any territory becomes part of India, the Central Government may specify the persons who shall become citizens of India
- Voluntary acquisition of the citizenship of another country results in the automatic termination of Indian citizenship.
- Holders of Overseas Citizen of India (OCI) cards are entitled to participate in elections and exercise voting rights in India.
Question 4: Consider the following list: I. China II. Canada III. France IV. Japan V. Russia VI. United States VII. Brazil How many of the above countries are not the United Nations Security Council Permanent Members?
- One only
- Two only
- Three only
- All four
Question 5: Consider the following statements: Statement I: The Index of Services Production (ISP) will primarily reflect the formal services sector. Statement-II: The compilation of ISP relies substantially on GST-based outward supply data. 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 the different stages of Demographic Transition Theory: 1. In the first stage, the population growth is slow, and most of the people are engaged in agriculture. 2. Fertility and mortality remain high at the beginning of the second stage, but it declines with time. 3. In the third stage, the population becomes urbanised and deliberately controls the family size. How many of the above statements is/are correct?
- One Only
- Two only
- All three
- None
Question 7: With the introduction of digital payment instruments like credit cards, smart cards, and e-wallets (BHIM, UPI, G-pay, etc.), the velocity of circulation of money in the economy would
- Increase
- Decrease
- Remain Unchanged
- First increase, then decrease as the economy stabilises
Question 8: With reference to the Foreign Contribution (Regulation) Act (FCRA), consider the following statements: 1. The FCRA regulates the acceptance and utilisation of foreign contributions by individuals, associations, and companies. 2. The Ministry of External Affairs implements it. 3. Individuals or entities with an FCRA registration certificate must renew it within six months before its expiry. Which of the statements given above is/are correct?
- 1 only
- 1 and 3 only
- 2 and 3 only
- 1,2 and 3
Question 9: Consider the following pairs: Project Proposed/ currently on the river 1. Kirthai-II hydel project Beas 2. Sawalkote Hydropower Project Chenab 3. Salal Hydroelectric Project Ravi How many of the given pairs are correctly matched?
- One only
- Two only
- All three
- None
Question 10: Consider the following statements regarding the revised RBI framework for digital payment fraud compensation: I. The revised framework recognises that different institutional arrangements may be required while addressing domestic and cross-border electronic banking frauds. II. The framework envisages that responsibility for compensation may vary depending upon the nature of the payment transaction. Which of the following information support/supports the above statements? 1. Separate compensation provisions have been prescribed for domestic and cross-border electronic banking frauds. 2. In specified cross-border fraud cases, the compensation amount is apportioned among different regulated entities. 3. The framework prescribes different compensation ceilings for certain categories of fraud. Select the correct answer using the code below.
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1,2 and 3

Quest Daily CA Quiz 25-06-2026

Question 1: Arrange India’s installed power capacity mix from highest to lowest (in gigawatts) 1. Thermal 2. Large Hydro 3. Wind 4. Nuclear 5. Solar Select the correct answer using the code given below:

Question 3: With reference to the provisions relating to citizenship in India, which one of the following statements is not correct?

Question 4: Consider the following list: I. China II. Canada III. France IV. Japan V. Russia VI. United States VII. Brazil How many of the above countries are not the United Nations Security Council Permanent Members?

Question 7: With the introduction of digital payment instruments like credit cards, smart cards, and e-wallets (BHIM, UPI, G-pay, etc.), the velocity of circulation of money in the economy would

Question 9: Consider the following pairs: Project Proposed/ currently on the river 1. Kirthai-II hydel project Beas 2. Sawalkote Hydropower Project Chenab 3. Salal Hydroelectric Project Ravi How many of the given pairs are correctly matched?