Quest Daily CA Quiz 27-09-2025

Quest Daily CA Quiz 27-09-2025

Test your knowledge with today's current affairs

  1. Question 1: With respect to the National Security Act of 1980, consider the following statements: I. It authorises preventive detention of any person. II. It empowers only the central government to order the detention of any foreigner. III. Section of 4 of the act provides all India jurisdiction for execution of a detention order. How many of the statements given above are correct?

    • Only one
    • Only two
    • All three
    • None

  2. Question 2: Consider the following statements with regards to the corporate insolvency resolution process (CIRP): I. It is the process of resolving the corporate insolvency of a corporate debtor in accordance with the Insolvency and Bankruptcy Code (IBC). II. The minimum amount of default for initiating CIRP is ₹1 lakh. Which of the statements given above is/are correct?

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

  3. Question 3: With respect to various WTO’s subsidies, consider the following statements: I. Amber Box subsidies are trade-distorting and subject to reduction commitments. II. Blue Box subsidies are non-trade-distorting and fully exempt from all conditions. III. Green Box subsidies include direct price support to boost exports. IV. Green Box subsidies are exempt from reduction commitments if they cause minimal distortion. Which of the statements given above is/are correct?

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

  4. Question 4: Frequently seen in news, the Gaza strip does not border which of the following geography?

    • Egypt
    • Isreal
    • Mediterranean Sea
    • Dead Sea

  5. Question 5: With respect to the Armed Forces Special Powers Act (AFSPA), consider the following statements: I. It empowers both the Central and the State Governments to notify any area as ‘disturbed area’. II. It was first passed in 1958 for North-Eastern Indian states. III. Presently, AFSPA is in force in Jammu and Kashmir and all the states of North Eastern India. How many of the statements given above are correct?

    • Only one
    • Only two
    • All three
    • None